For over a Century, Delaware has been the location of choice for more than fifty percent of the U.S. Corporations. The reason for the continuation of this trend relates to the Delaware Corporation Law which is one of the most advanced and flexible corporation statutes in the nation.

In addition, Delaware courts have established legal precedence as a maker of corporation law, and with the legislature taking a serious role in keeping the corporation statute and other business laws current, Delaware has established a strong partnership between business and government. Delaware has separate court system the Court of Chancery to adjudicate corporate litigation plus a fully established corpus of case law and a very capable corporate Bar.

Currently, Delaware corporations offer outstanding and unique opportunities for privacy, protection, and profits by taking advantage of Delaware state tax and business laws in the following areas:

1. No State Corporate tax on interest of other investment income

2. No State sales tax

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The Republic of Costa Rica is located between Panama and Nicaragua. It is considered the most “westernized” nation in Central America. It separates the waters of the Pacific Ocean from the Caribbean Sea. The official language is Spanish, although English is widely spoken, especially in the business area. The official currency is the Colon, which is one of the most stable currencies in Latin America. It has a very strong democratic government, with the President as both the chief of state and the head of government, and it enjoys political stability. In addition, this government has been an outstanding example of democracy, which has been followed for more than forty years.

Since the early 19th Century, tourism has been the leading industry in the country, followed by the coffee and banana industries. Manufacturing is also an important industry.

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The Cook Islands is a group of 15 islands located in the South Pacific between Tahiti and Samoa. The official language is English and the official currency is the New Zealand dollar. The legal system is based on British Common Law with some local regulations.

It has a self-government in free association with New Zealand, which is responsible for the Island’s international relations and defense. And it is a member of the British Commonwealth. The economy has grown considerably in the past 20 years, principally in the areas of tourism, financial services, and aquaculture.

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State of California legislation makes it economical and advantageous to incorporate a business in California. The Prepaid Minimum Franchise Tax has been reduced for certain “qualified new corporations”.

Currently, California corporations offer outstanding and unique opportunities for privacy, protection, and profits by taking advantage of California state business laws in the following areas:

1. Protection from personal liability

2. Stockholders names are not public

3. An individual can be sole President, Secretary, and Treasurer

4. Corporate retirement plans are more liberal in some respects than IRAs and Keoghs

5. Ability to provide yourself with tax-deductible corporate fringe benefits such as health, accident, and disability insurance; life insurance; and a medical reimbursement plan

6. Perpetual corporate existence

7. Tax flexibility, control over how much individual income owner/employee will earn and report on federal (more…)

The British Virgin Islands is a group of 60 Caribbean islands. The closest country is Puerto Rico, only 60 miles to the east. The largest and most populated island is Tortola, which is also the business and commercial center. At present, this group of islands is a British colony. Britain appoints a Governor who is responsible for defense, internal security, external affairs, the civil service, the administration of the courts and finance. This group of islands is a very popular U.S. tourist destination and as with most of the Caribbean countries it has a wealth of recreational opportunities. Temperatures are warm year round and there are certainly no lack of beaches and sunshine.

The British Virgin Islands are quite stable both politically and economically. The official and only spoken language is English. The legal system is based on English Common Law, with local modifications. The official currency is the US dollar and there are no local exchange control regulations. The two main industries are tourism and offshore finance. This jurisdiction offers maximum security of assets, including the possibility to transfer domicile, abilities to transfer assets to another company, trust, association or partnership, and to merge with another British Virgin Island’s company or with a foreign corporation in another country.

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The Bahamas is a group of 70 islands, located in the Caribbean region, starting at approximately 50 miles east of Florida. The weather is temperate year round and there is an abundance of amenities including beautiful beaches, golf and gaming activities. Perhaps its strongest advantage is the fact that it is only minutes from Miami.

Nassau, the capital is also the commercial center. The official language is English and the official currency is the Bahamian Dollar, which is on par with the US dollar. Bahamian law is based on British Common Law with some local modifications. Even though it is an independent and democratic country, within the Commonwealth, a Governor-General is appointed by the British Government. However, the real head of the Government is the Prime Minister, who is elected by the population. Its economy is flexible and it has the ability to respond to international market changes quickly.

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Anguilla is an island located in the eastern Caribbean approximately 500 miles east of Puerto Rico near Antigua and Barbuda. Like many of the idealic islands of the Caribbean, Anguilla has a year round warm climate with beautiful white sand beaches. There is an abundance of year round outdoor activities including: skiing, para-sailing, swimming, wind surfing, golf and much more. The water temperature averages 80 degrees year round.

Since the seventeenth century Anguilla has been a British dependent territory, considered a Crown colony. Therefore, Britain is responsible for its defense and foreign affairs. It is a stable country presided over by a British Governor, and its legal system is based on English Common Law with some local changes.

The official language is English and the official currency is the Eastern Caribbean Dollar. However, the US dollar circulates frequently for local commerce purposes. Furthermore, there are no exchange controls, money can be taken in or out of the island without any permission, and profits can be repatriated easily in any currency.

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Low cost and efficient credit card processing is must for the success of any business as it involves cheaper means to accept credit card numbers,apply them to the merchant’s account and obtain payment from the creditor for the amount. A business success or failure depends on whether or not it accepts credit card orders.

Low cost credit card processing is indispensable to raise the profitability of your business. Many people waste considerable amounts of money on extravagant processing. Often, processing statements are so difficult to read that it is virtually impossible to estimate how much money you are actually paying. Low cost credit card processing helps you to run a more successful business operation.

Low cost credit card processing falls into three types. The first is using a virtual terminal that allows manual addition of mail. The second employs a simple integration technique that connects your website directly to the credit card and bank system. The third type uses an advanced mechanism for custom-linking your system to other more composite systems by using a transaction gateway server.

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Do you still queue up in the bank to pay your credit card bills or patiently wait for your bank statement to arrive in the mail? Welcome to the internet age. Online banking has now become an alternative to going to the bank physically to transact business. It uses today’s advanced computer technology to give users the option of doing away with the time-consuming and paper-based aspects of conventional banking in order to better manage finances more efficiently and easily.

With internet banking, you can monitor and perform banking transactions online, whenever and wherever you want as long as there is internet access. It lets you bank with maximum convenience, ease and security through the latest technology and it is for free.

Online banking offers a varied array of convenient and secure features for customer banking needs. Suffice it to say, you can do almost everything you need to do from the comfort of your home or office. Moreover, internet banking has been enhanced with even more customer-friendly improvements to make online banking much easier and safer.

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DATELINE: TAUNTON, MA…

Bristol County Savings Bank recently announced the appointment of Roger A. Cabral as a Vice President of Commercial Banking, based out of the bank’s Dartmouth and Fall River offices. Bristol County Savings Bank is a $1.1 billion mutual savings bank founded in 1846 and headquartered in Taunton, MA, with 10 offices in Eastern Massachusetts and Rhode Island.

Cabral’s 27 years of banking experience will serve him well in his new position at Bristol County Savings Bank where he will be responsible for delivering financial services to commercial clients of the bank. A graduate of Southeastern Massachusetts University with a B.S. in Finance, Cabral received his MBA from the University of Rhode Island. Over the course of his extensive career in the banking field, Cabral ‘s previous employers have included BayBank, Citizens Bank, Compass Bank, and Sovereign Bank.

In addition, Cabral serves as Chairman of the Finance Committee for the Town of Acushnet, Director of the Fall River Community Housing Resource Board, Inc., and is a member of the Rotary Club of Fall River. He is also involved in many other community and professional activities.

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