PAYMENTS AND EXPORT & IMPORT PROCEDURES: BUSINESS CASE IRAQ

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "PAYMENTS AND EXPORT & IMPORT PROCEDURES: BUSINESS CASE IRAQ"

Transcription

1 PAYMENTS AND EXPORT & IMPORT PROCEDURES: BUSINESS CASE IRAQ Swedish Trade Council Stockholm, October 9th, 2012 SWEDISH TRADE COUNCIL

2 AGENDA Doing business entails taking risks The choice of form of payment is of great importance Guranteed payment from EKN Non-residentilal clients Iraqi banks experince of payments to and from Sweden Arrange the export and import process and documents Ms. Yvonne Brycker, Exportrådet Ms. Yvonne Brycker, Exportrådet Ms. Lotta Danielsson and Mr. Victor Carstenius, EKN Mr. Lennart Holgerman, SEB Mr. Zaid A. Mahdi, Trade Bank of Iraq Mr. Jan Sjölander, Exportrådet Discussion SWEDISH TRADE COUNCIL

3 DOING BUSINESS ENTAILS TAKING RISKS Customer risk (commercial risk) Financial risk Country risk (political risk) RISKS Currency risk Product risk Transport risk Make up your mind about which risks you are prepared to take and which risks need to be eliminated SWEDISH TRADE COUNCIL

4 THE CHOICE OF FORM OF PAYMENT - Factors affecting Who is the customer, new or familiar? Customer s creditworthiness? Which country? The size of the amount? Timeframe? Kind of product? Commitments and facilitate financing? SWEDISH TRADE COUNCIL

5 THE CHOICE OF FORM OF PAYMENT IS OF GREAT IMPORTANCE To receive payment at the right time and minimize losses To facilitate a financial solution SWEDISH TRADE COUNCIL

6 EXAMPLES OF SECURE PAYMENTS Payment in advance Letter of Credits Payment Guarantee issued by bank EKN Guarantee Guarantee from private credit insurance companies SWEDISH TRADE COUNCIL

7 Doing business in Iraq 09/10/2012 Lotta Danielsson, Head of Marketing & Business Development Victor Carstenius, Country policy advisor

8

9 EKN is available for all types of export business, for all companies, on all markets, and in all trade conditions.

10 How can EKN help you succeed in your business?

11 EKN is available for all Swedish exporting companies. Large and small. Sales process Production Delivery Credit period Throughout /Negotiation the entire export process.

12 More and safer export transactions.

13 Bill of Exchange guarantee Letter of Credit guarantee EKN s guarantees Guarantee for lender Working capital credit guarantee Guarantee for trade receivables Counter guarantee

14 Country classification

15 22 August 2012

16 25 September 2012

17 Doing business in Iraq Opportunities High growth market Untapped consumer market Made in Sweden Risks Security situation Corruption and bureaucracy Payment delays and dispute resolutions

18 What can EKN do in Iraq? Country risk category 7 out of 7 Reflected in a higher insurance premium EKN is open for cover on: State of Iraq Iraqi banks, preferably Trade Bank of Iraq Corporate risks preferably in oil, gas and telecom sectors

19 What does EKN do? Guarantees: 34 MUSD Offers: 54 MUSD Sectors Telecom Transportation Construction Power

20 So how does it work?

21 Guarantee for trade receivables Risk Swedish exporter EKN Sales contract Guarantee for trade receivables Iraqi buyer

22 Guarantee for trade receivables, refinancing Risk Swedish exporter EKN Sales contract Guarantee for trade receivables Refinancing Iraqi buyer Bank

23

24 Documentation needed from the buyer Examples Audited financial statements Information on environmental and social conditions or effects Information such as project descriptions, business analyses, etc. The number and type of documents needed varies from case to case.

25 Anti corruption Sustainable lending Environment Social responsibility

26 EKN improves the competitiveness of Swedish companies. Our guarantees enables more and safer export transactions.

27

28 Swedish Trade Council October 9th, 2012 Doing business in Iraq

29 Founded 1856 by Mr A.O. Wallenberg Listed but still controlled by Wallenberg foundations 29

30 A Nordic bank with a global reach New York Dublin London Finland Norway Sweden Estonia Latvia Denmark Lithuania Warsaw Germany S:t Petersburg Moscow New Delhi Beijing Shanghai Hong Kong Luxembourg Kiev Singapore Geneva São Paulo Corporates & Institutions SME:s 4 million private individuals 30

31 Leading Relationship bank in our part of the world 31

32 Retail Non Resident 32

33 Our task To guide and help our foreign based clients into the Scandinavian, Baltic and North European financial markets. To appoint a personal Client Executive with team. To provide tailormade bankservices based upon the needs of the company or the private individual. To offer bank accounts in different currencies and repatriation of funds. 33

34 Non Resident strengths We are your key to the North-European markets. High availability and quality service. Non Resident speak 9 different languages. Multilanguage Internet client interface. SEB and our global banking network. 34

35 SEB Non Resident - Contacts Non Resident Corporate Clients Phone: Postal adress: ST S7, SE Stockholm, Sweden Visits: Sveavägen 8, Stockholm 35

36 BUSINESS CASE IRAQ - arrange the export and import procedures Stockholm October 9th, 2012 Jan Sjölander Swedish Trade Council Box 240 SE Stockholm SWEDEN Tel Direct Fax SWEDISH TRADE COUNCIL 36

37 EU/SWEDISH RULES FOR EXPORT TO IRAQ Most goods can be exported to Iraq without any restrictions. Exceptions: Arms and related material of all types, including weapons and ammunition, military vehicles and equipment, paramilitary equipment and spare parts for the aforementioned. An electronic export declaration must be submitted to the Swedish customs, either by the exporter or by the freight forwarder as an agent for the exporter, when goods are exported to countries outside of the EU. SWEDISH TRADE COUNCIL

38 IMPORT RULES IN IRAQ Most goods can be imported to Iraq without any restrictions. A reconstruction levy of 5 percent of the total taxable customs value of all goods imported into Iraq from all countries will be applied. Exceptions are food, medicine, clothing, books, humanitarian goods. General document requirements: Invoice, certificate of origin and, for some products, certificate of conformity. As a general rule the invoice and the certificate of origin must be legalized by the Embassy of Iraq in Stockholm. For more information, see Skeppningshandboken : SWEDISH TRADE COUNCIL

39 OTHER A Partnership and Cooperation Agreement between the EU and Iraq was signed on May 11th, Some parts of the agreement are applied provisionally from August 1st, SWEDISH TRADE COUNCIL

40 PAYMENTS AND EXPORT & IMPORT PROCEDURES: BUSINESS CASE IRAQ Yvonne Brycker, Senior Project Manager, Exportrådet Lotta Danielsson, Head of Marketing & Business Development, EKN Victor Carstenius, Country Policy Advisor, EKN Lennart Holgerman, Head of Corporate, Non Resident, SEB Zaid A. Mahdi, Trade, Vice President, Foreign Exchange Media & PR, Trade Bank of Iraq Jan Sjölander, Project Manager, Exportrådet SWEDISH TRADE COUNCIL

Citi Global Financial Conference Hong Kong, 19 November 2013

Citi Global Financial Conference Hong Kong, 19 November 2013 Citi Global Financial Conference Hong Kong, 19 November 2013 Hanse Ringström, Chairman SEB Asia Ulf Grunnesjö, Head of Investor Relations 1 SEB the Nordic corporate bank with a global reach Income distribution

More information

CURRICULUM VITAE. Chairman of Supervisory Board, Intacta Capital, Asset management, Sweden, 2014 August- ongoing

CURRICULUM VITAE. Chairman of Supervisory Board, Intacta Capital, Asset management, Sweden, 2014 August- ongoing Personal data CURRICULUM VITAE Name: Håkan Källåker Mobile: + 46 70 8 22 66 33 Address: Skeppargatan 4, 1402 Phone: + 46 8 660 60 49 114 52 Stockholm, Sweden E-mail: hakankallaker@yahoo.se Business experience

More information

Contents. Why is export finance needed? What types of export finance are available? Which currencies can be borrowed? How are risks managed?

Contents. Why is export finance needed? What types of export finance are available? Which currencies can be borrowed? How are risks managed? Contents Why is export finance needed? What types of export finance are available? Which currencies can be borrowed? How are risks managed? What terms of interest apply? Is state-supported financing a

More information

Guide. Axis Webinar. User guide

Guide. Axis Webinar. User guide Guide Axis Webinar User guide Table of contents 1. Introduction 3 2. Preparations 3 2.1 Joining the visual part 3 2.2 Joining the conference call 3 2.3 Providing feedback and asking questions during a

More information

AA BOND CO LIMITED. (a public limited company incorporated in Jersey with registered no ) (the "Issuer")

AA BOND CO LIMITED. (a public limited company incorporated in Jersey with registered no ) (the Issuer) AA BOND CO LIMITED (a public limited company incorporated in Jersey with registered no. 112992) (the "Issuer") NOTE: THIS NOTICE CONTAINS IMPORTANT INFORMATION THAT IS OF INTEREST TO THE LEGAL AND BENEFICIAL

More information

To buyers of goods and services from Swedish suppliers. International financing with EKN guarantees

To buyers of goods and services from Swedish suppliers. International financing with EKN guarantees To buyers of goods and services from Swedish suppliers International financing with EKN guarantees EKN is a Swedish state authority. This is a guide to doing business with EKN as a partner in your transaction.

More information

European Rack and Rack Options Market

European Rack and Rack Options Market Brochure More information from http://www.researchandmarkets.com/reports/2701935/ European Rack and Rack Options Market Description: The European rack and rack options market is growing with still high

More information

MALTA TRADING COMPANIES

MALTA TRADING COMPANIES MALTA TRADING COMPANIES Malta Trading Companies Maltese Registered Companies and Trading Operations in Malta Malta, an EU Member State since May 2004, has developed into a leading and reputable financial

More information

Handelsbanken Trade Finance, Finland

Handelsbanken Trade Finance, Finland Handelsbanken Trade Finance, Finland Matti Malminen 28.5.2008 Handelsbanken s international network as at 31 March 2008 Representative office Banking operations Representative offices in 4 countries France

More information

& Your pocket guide to VAT in Sweden

& Your pocket guide to VAT in Sweden & Your pocket guide to VAT in Sweden Your pocket guide to VAT in Sweden Fredrik Erneholm 3 Published by Bird & Bird Advokat KB Printed in Stockholm, Sweden in March 2014 Pages 1-6 and 79-84 Copyright 2014

More information

Benefits of using HK company for entering into China consumer market

Benefits of using HK company for entering into China consumer market Intertrust Alex Cho November 2006 1 Benefits of using HK company for entering into China consumer market Alex Cho 28 November 2006 Intertrust Alex Cho November 2006 2 China Consumer Market restrictions

More information

Internal Regulation of BONUS Baltic Organisations Network for Funding Science EEIG

Internal Regulation of BONUS Baltic Organisations Network for Funding Science EEIG Internal Regulation of BONUS Baltic Organisations Network for Funding Science EEIG Definitions: Accelerated Decision Mechanism A procedure or a set of procedures determined in Art. 8 of the BONUS EEIG

More information

SunGard Best Practice Guide

SunGard Best Practice Guide SunGard Best Practice Guide What Number Should I Use? www.intercalleurope.com Information Hotline 0871 7000 170 +44 (0)1452 546742 conferencing@intercalleurope.com Reservations 0870 043 4167 +44 (0)1452

More information

Guide. Axis Webinar User Guide

Guide. Axis Webinar User Guide Guide Axis Webinar User Guide Introduction Joining an Axis Webinar is a quick and easy way to gain additional knowledge about more than just new products, and technology. These webinars allow attendees

More information

France A.T. Kearney Foreign Direct Investment Confidence Index (FDICI)

France A.T. Kearney Foreign Direct Investment Confidence Index (FDICI) France 20 A.T. Kearney Foreign Direct Investment Confidence Index (FDICI) 20 A.T. Kearney FDI Confidence Index 20 2 6 4 0 20 Rankings 20 2 4 0 6 20 24 20 2 4 6 0 20 24 2 US China Canada Germany UK Japan

More information

ISP 2000/2001. national inspectorate of strategic products

ISP 2000/2001. national inspectorate of strategic products national inspectorate of strategic products ISP 2/21 The yearbook 2/21 describes the development within the Inspectorate and its area of responsibility during the year 2. Information can also be found

More information

Car tax refund on export

Car tax refund on export Car tax customer bulletin 13 Car tax refund on export www.tulli.fi 1 January 2015 Replaces the bulletin from August 2014 Car tax refund on export This bulletin applies to getting refund on export if a

More information

Introduction. The Price Comparison Project

Introduction. The Price Comparison Project Price Research, Price Differences in Europe Products of H&M, Zara, C&A and Body Shop May 2009 Executed by the European Consumer Centres Network (ECC-Net) Introduction The European Consumer Centre Network

More information

Achieving Export Sales Growth

Achieving Export Sales Growth Achieving Export Sales Growth How Enterprise Ireland and its overseas network works with Irish exporting companies Angela Byrne Marketing & Sales Strategy Adviser Enterprise Ireland Finance 4 Growth Workshop

More information

Dr. Matthias Ecke 05.09.2014 Schmalenbach Gesellschaft. Voraussetzung für effektives Reporting am Beispiel des Asset Quality Reviews

Dr. Matthias Ecke 05.09.2014 Schmalenbach Gesellschaft. Voraussetzung für effektives Reporting am Beispiel des Asset Quality Reviews Voraussetzung für effektives Reporting am Beispiel des Asset Quality Reviews Dr. Matthias Ecke 05.09.2014 Schmalenbach Gesellschaft 1 1. The Bank SEB Group heritage in service of enterprise 1800 1900 2000

More information

RUSSIAN KEY INITIATIVES TO SUPPORT ACADEMIC MOBILITY AT THE STATE LEVEL: OPPORTUNITIES FOR BSR UNIVERSITIES

RUSSIAN KEY INITIATIVES TO SUPPORT ACADEMIC MOBILITY AT THE STATE LEVEL: OPPORTUNITIES FOR BSR UNIVERSITIES BSRUN Annual Forum University Cooperation in the Baltic Sea Region: Fruitful Collaboration or Lost Opportunities? RUSSIAN KEY INITIATIVES TO SUPPORT ACADEMIC MOBILITY AT THE STATE LEVEL: OPPORTUNITIES

More information

Energy prices in the EU Household electricity prices in the EU rose by 2.9% in 2014 Gas prices up by 2.0% in the EU

Energy prices in the EU Household electricity prices in the EU rose by 2.9% in 2014 Gas prices up by 2.0% in the EU 92/2015-27 May 2015 Energy prices in the EU Household electricity prices in the EU rose by 2.9% in 2014 Gas prices up by 2.0% in the EU In the European Union (EU), household electricity prices 1 rose by

More information

TARIFF & CUT-OFF TIMES - IRELAND

TARIFF & CUT-OFF TIMES - IRELAND TARIFF & CUT-OFF TIMES - IRELAND January 2015 Domestic Outgoing Payments Transfer Type Product at sender Third-party payments Group transfers Account Transfer External Within Danske Bank in Ireland Account

More information

Backing the companies of tomorrow. //////////////////////////////////////////// Creandum Nordic Technology Exit Analysis

Backing the companies of tomorrow. //////////////////////////////////////////// Creandum Nordic Technology Exit Analysis Backing the companies of tomorrow //////////////////////////////////////////// Creandum Nordic Technology Exit Analysis 1 Creandum exit database Database with 300+ private technology company exits 20+

More information

Brochure More information from http://www.researchandmarkets.com/reports/1339929/

Brochure More information from http://www.researchandmarkets.com/reports/1339929/ Brochure More information from http://www.researchandmarkets.com/reports/1339929/ The 2011 World Forecasts of Machine Tools That Remove Material by Laser or Light, Photon, Ultrasonic, Electro-Discharge,

More information

NORDEA BANK AB (publ) NORDEA BANK FINLAND Abp

NORDEA BANK AB (publ) NORDEA BANK FINLAND Abp This Supplementary Prospectus has been approved by and registered with the Swedish Financial Supervisory Authority with FI Dnr 11-11134 and is dated and published 1 November 2011 NORDEA BANK AB (publ)

More information

Launch of Mutual Recognition of Funds Between Mainland China and Hong Kong

Launch of Mutual Recognition of Funds Between Mainland China and Hong Kong June 2015 Practice Group: Investment Management, Hedge Funds and Alternative Investments Launch of Mutual Recognition of Funds Between Mainland China and Hong Kong By Choo Lye Tan On 22 May 2015, the Securities

More information

Export Development Canada An Overview

Export Development Canada An Overview Export Development Canada An Overview Ali Murtaza Regional Manager Middle East, North Africa and Eastern Mediterranean 09 June 2015 EDC Overview Canada s Export Credit Agency About EDC Crown corporation

More information

DHL Global Energy Conference 2015 Outsourcing logistics Enhancing innovation or increasing risk?

DHL Global Energy Conference 2015 Outsourcing logistics Enhancing innovation or increasing risk? DHL Global Energy Conference 2015 Outsourcing logistics Enhancing innovation or increasing risk? Introduction to panel discussion Houston, October 13 th What has happened since the last DHL conference?

More information

Private Company: SWEDEN

Private Company: SWEDEN Private Company: SWEDEN Limited Liability Company [Aktiebolag /AB] Partnership [Handelsbolag / HB] Limited Partnership [Kommanditbolag / KB] Formation and Registration Bank Accounts Professional Administration

More information

Swedbank A leading Nordic-Baltic bank

Swedbank A leading Nordic-Baltic bank Swedbank A leading Nordic-Baltic bank A brief history of Swedbank 1820 the first savings bank was founded in Gothenburg 1915 the first agricultural cooperative bank was founded 1991 12 regional agricultural

More information

Comment from past participant

Comment from past participant Project Financing - An Evaluation of Cashflows and Risks Analysis Comment from past participant I am not in the banking industry and I joined the Project Financing seminar to see how banks deal with project

More information

Dealing with tax complexities in Brazil

Dealing with tax complexities in Brazil Dealing with tax complexities in Brazil By: Dudley Juana Anderson Dutra AGENDA Tax complexities in Brazil 1. Overview of main taxes in Brazil IRPJ and CSLL Gross Revenue Taxes: PIS and COFINS Indirect

More information

First estimate for 2014 Euro area international trade in goods surplus 194.8 bn 24.2 bn surplus for EU28

First estimate for 2014 Euro area international trade in goods surplus 194.8 bn 24.2 bn surplus for EU28 30/2015-16 February 2015 First estimate for 2014 Euro area international trade in goods surplus 194.8 bn 24.2 bn surplus for EU28 The first estimate for the euro area 1 (EA18) trade in goods balance with

More information

Price setting in the electricity markets within the EU single market

Price setting in the electricity markets within the EU single market PricesettingintheelectricitymarketswithintheEUsingle market AreportbyEASACtotheCommitteeonIndustry,ResearchandEnergyoftheEuropean Parliament February2006 Forfurtherinformation: FionaSteiger EASACSecretariat

More information

APPENDIX C: BENEFICIAL OWNERSHIP

APPENDIX C: BENEFICIAL OWNERSHIP APPENDIX C: BENEFICIAL OWNERSHIP Refer to Completion Guide (Pages 8-10) or contact your Account Manager if clarification required. Section A: Classification of Ownership RBC is required to collect beneficial

More information

Global Real Estate Outlook

Global Real Estate Outlook Global Real Estate Outlook August 2014 The Hierarchy of Economic Performance, 2014-2015 China Indonesia India Poland South Korea Turkey Australia Mexico United Kingdom Sweden United States Canada South

More information

The VAT & Invoicing Requirements Update March 2012

The VAT & Invoicing Requirements Update March 2012 The VAT & Invoicing Requirements Update March 2012 Indirect taxes are a massive potential expense. For buyers and sellers of goods and services, how invoices are prepared and processed can affect a company's

More information

VINDA INTERNATIONAL HOLDINGS LIMITED 維 達 國 際 控 股 有 限 公 司

VINDA INTERNATIONAL HOLDINGS LIMITED 維 達 國 際 控 股 有 限 公 司 Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness

More information

The Doing Business report presents

The Doing Business report presents Doing Business 2016 Distance to frontier and ease of doing business ranking The Doing Business report presents results for two aggregate measures: the distance to frontier score and the ease of doing business

More information

SEB s Life Insurance Operations. A Presentation

SEB s Life Insurance Operations. A Presentation SEB s Life Insurance Operations A Presentation SEB s Life Insurance Operations A Presentation Lifelong security SEB offers pension insurance and security throughout the various stages of life for both

More information

CENTRAL BANK OF CYPRUS

CENTRAL BANK OF CYPRUS APPENDIX 2 NOTIFICATION BY A BANK INCORPORATED IN CYPRUS, WHICH WISHES TO PROVIDE SERVICES, ON A CROSS BORDER BASIS, IN OTHER EUROPEAN UNION (E.U.) MEMBER STATES IN ACCORDANCE WITH ARTICLE (28) OF THE

More information

LANDWELL. Solicitors. Life Sciences Unit

LANDWELL. Solicitors. Life Sciences Unit LANDWELL Solicitors Life Sciences Unit LANDWELL Solicitors Life Sciences Unit Our Practice Landwell Solicitors is a leading firm of business lawyers providing legal solutions to businesses in the Life

More information

Digital Infrastructure and Economic Development. An Impact Assessment of Facebook s Data Center in Northern Sweden executive summary

Digital Infrastructure and Economic Development. An Impact Assessment of Facebook s Data Center in Northern Sweden executive summary Digital Infrastructure and Economic Development An Impact Assessment of Facebook s Data Center in Northern Sweden executive summary The Boston Consulting Group (BCG) is a global management consulting firm

More information

SEPA. Changes in the Payment System Implementation of the European SEPA Regulations for Kuna and Euro Payments

SEPA. Changes in the Payment System Implementation of the European SEPA Regulations for Kuna and Euro Payments SEPA Changes in the Payment System Implementation of the European SEPA Regulations for Kuna and Euro Payments SEPA The Single Euro Payments Area (SEPA) stands for a European Union (EU) payments integration

More information

The Company Tax System in Malta

The Company Tax System in Malta The Company Tax System in Malta Maltese companies are subject to tax at 35% Malta s tax system adopts a full imputation system Effective system for relief of double taxation Compliant with EU law Maltese

More information

6th International Congress of Baltic Medico-Legal Association. New Technologies in Forensic Medicine Vilnius, Lithuania, Closing remarks

6th International Congress of Baltic Medico-Legal Association. New Technologies in Forensic Medicine Vilnius, Lithuania, Closing remarks 6th International Congress of Baltic Medico-Legal Association New Technologies in Forensic Medicine Vilnius, Lithuania, Closing remarks June 14-16, 16, 2007 Vilnius, Lithuania 6 BMLA Congress 2007 Vilnius

More information

SENIOR MANAGEMENT TEAM 2013

SENIOR MANAGEMENT TEAM 2013 SENIOR MANAGEMENT TEAM 2013 Richard Fenning Andreas Carleton-Smith Eddie Everett Gary Carpenter JIM BROOKS John Conyngham NICK ALLAN Toby Latta Richard Fenning Chief Executive Officer Richard Fenning is

More information

COUNTRY RISK CATEGORY. 7/7 The country risk categories range from 0 to 7. The lower the number the better the credit rating the country has.

COUNTRY RISK CATEGORY. 7/7 The country risk categories range from 0 to 7. The lower the number the better the credit rating the country has. COUNTRY RISK ANALYSIS Iraq COUNTRY RISK CATEGORY 7/7 The country risk categories range from 0 to 7. The lower the number the better the credit rating the country has. EKN'S OUTSTANDING GUARANTEES TO THE

More information

CRITICAL THINKING AT THE CRITICAL TIME CONSTRUCTION SOLUTIONS

CRITICAL THINKING AT THE CRITICAL TIME CONSTRUCTION SOLUTIONS CRITICAL THINKING AT THE CRITICAL TIME CONSTRUCTION SOLUTIONS Table of Contents 1 ABOUT FTI CONSULTING 2 CHALLENGES OVERCOME 3 OUR EXPERTISE 4 PROJECT TYPES 5 OUR TEAM ii FTI Consulting, Inc. CONSTRUCTION

More information

Climate Review 2013. Group Environmental Management

Climate Review 2013. Group Environmental Management Climate Review 213 Group Environmental Management Content 1. Emission development in the Swedbank Group 21 213 2 1.1 Results 213 2 1.2 Emissions per scope 3 1.3 KPI 4 1.4 Important changes 4 2. Detailed

More information

T R A V E L A N D A C C O M M O D A T I O N E X P E N S E S 2 0 1 4

T R A V E L A N D A C C O M M O D A T I O N E X P E N S E S 2 0 1 4 13/01/2015 www.bdo.lu T R A V E L A N D A C C O M M O D A T I O N E X P E N S E S 2 0 1 4 In Luxembourg the travel expenses for business trips are reimbursed either based on actual expenses or based on

More information

BEST EXECUTION POLICY

BEST EXECUTION POLICY BEST EXECUTION POLICY In Prague on 9 th December 2015 TABLE OF CONTENT 1. Introductory provisions 2. Markets where the Company executes customer's instructions 3. Instructions 4. Strategy for executing

More information

International Compliance

International Compliance YOUR FREE COPY - NEW - Additional countries outside European Union LEGAL WHITE PAPER International Compliance Legal requirements international einvoicing European Union & Selected Countries Worldwide International

More information

Anders Mossberg. Presentation of SEB Life Division. Head of Life. London. December

Anders Mossberg. Presentation of SEB Life Division. Head of Life. London. December Anders Mossberg Head of Life Presentation of SEB Life Division London December 3 2009 1 SEB Life key messages Strong franchise #1 unit-linked Consistent income growth Cost efficient Benefitting from demographical

More information

The 2016 World Forecasts of Aluminum Doors, Windows, Door Thresholds, and Window Frames Export Supplies

The 2016 World Forecasts of Aluminum Doors, Windows, Door Thresholds, and Window Frames Export Supplies Brochure More information from http://www.researchandmarkets.com/reports/3279121/ The 2016 World Forecasts of Aluminum Doors, Windows, Door Thresholds, and Window Frames Export Supplies Description: This

More information

Global business needs a global partner

Global business needs a global partner Global business needs a global partner Bespoke business banking on an international scale Corporate Banking The global business experts Riga Saint Petersburg Moscow London Amsterdam Minsk Warsaw Brussels

More information

T&E. Where Business Travelers Spend Money

T&E. Where Business Travelers Spend Money T&E Where Business Travelers Spend Money Contents Introduction 3 Key Findings 4 Top Expensive Cities for Business Travel 5 International 5 U.S. 5 Top 10 Spend Categories 6 International 6 U.S. 7 Most Visited

More information

Electricity and natural gas price statistics 1

Electricity and natural gas price statistics 1 Electricity and natural gas price statistics 1 Source: Statistics Explained (http://epp.eurostat.ec.europa.eu/statistics_explained/) - 21/11/2011-09:11:44 Electricity and natural gas price statistics Data

More information

Luxembourg Doing deals in the Grand Duchy, an English lawyer's perspective

Luxembourg Doing deals in the Grand Duchy, an English lawyer's perspective Luxembourg Doing deals in the Grand Duchy, an English lawyer's perspective Tom Whelan (Partner, Hogan Lovells International LLP) Erin Anderson (Senior Associate, Hogan Lovells International LLP), Camille

More information

Integrated telecommunication solutions

Integrated telecommunication solutions Integrated telecommunication solutions 1 About THE Linx Group Our extensive industry experience have already helped many multinational clients The Linx Group (known under Linxtelecom and Linxdatacenter

More information

Patents in Europe 2015/2016

Patents in Europe 2015/2016 In association with The proposed structure of the Unified Patent Court system in Europe Rainer K Kuhnen, KUHNEN & WACKER Intellectual Property Law Firm Patents in Europe 2015/2016 Helping business compete

More information

Trends in Asset Management

Trends in Asset Management Fredrik Boheman Executive Vice President Head of Wealth Management Trends in Asset Management 1 Table of contents SEB Wealth Management Trends on the Nordic asset management market Our beliefs 2 SEB Wealth

More information

Capital Market Linkages: How to facilitate cross border trading?

Capital Market Linkages: How to facilitate cross border trading? Capital Market Linkages: How to facilitate cross border trading? OIC Member States Stock Exchanges Forum Dr. Jochen Biedermann Istanbul, 02 October 2010 Agenda 1. About Deutsche Börse 2. Capital Market

More information

VAT Refunds Irrecoverable Tax A Country by Country Detailed Guide

VAT Refunds Irrecoverable Tax A Country by Country Detailed Guide VAT Refunds Irrecoverable Tax A Country by Country Detailed Guide EC VAT refunds Irrecoverable Tax VAT incurred in other EC Member States may be recovered in certain circumstances. However, some claims

More information

National Counties Building Society. A guide to our Buy to Let Mortgage lending criteria

National Counties Building Society. A guide to our Buy to Let Mortgage lending criteria National Counties Building Society A guide to our Buy to Let Mortgage lending criteria Issued: 01 July 2016 A guide to our Buy to Let Mortgage lending criteria Introduction This document outlines a summary

More information

- Assessment of the application by Member States of European Union VAT provisions with particular relevance to the Mini One Stop Shop (MOSS) -

- Assessment of the application by Member States of European Union VAT provisions with particular relevance to the Mini One Stop Shop (MOSS) - - Assessment of the application by Member States of European Union VAT provisions with particular relevance to the Mini One Stop Shop (MOSS) - BACKGROUND The information available on this website relates

More information

Starting a Business in Israel

Starting a Business in Israel Starting a Business in Israel Inspiration Invention Innovation Content: Page 1. Business Entities....... 2 a. Company...... 2 b. Foreign Company (e.g. a branch)...... 2 c. Partnership...... 3 d. Self Employed......

More information

2 ND CALL FOR PROPOSALS 27 October 2008 30 January 2009

2 ND CALL FOR PROPOSALS 27 October 2008 30 January 2009 2 ND CALL FOR PROPOSALS 27 October 2008 30 January 2009 1. INTRODUCTION Authorities and stakeholders at local and regional level have a vital role to play in the achievement of the EU s strategies for

More information

International ACH: Payment Gateway to Europe

International ACH: Payment Gateway to Europe International ACH: Payment Gateway to Europe Treasury Symposium St. Petersburg Florida Tuesday, January 27 Concurrent Session 16 10:15am 11:30am International ACH: Payment Gateway to Europe Presenters:

More information

CONNECTED TRANSACTION SUBSCRIPTION OF SHARES IN PICC HEALTH

CONNECTED TRANSACTION SUBSCRIPTION OF SHARES IN PICC HEALTH Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness

More information

MAKING YOUR PROJECTS REAL SOCIETE GENERALE EQUIPMENT FINANCE AT A GLANCE

MAKING YOUR PROJECTS REAL SOCIETE GENERALE EQUIPMENT FINANCE AT A GLANCE 2013 MAKING YOUR PROJECTS REAL SOCIETE GENERALE EQUIPMENT FINANCE AT A GLANCE Our profile We, Societe Generale Equipment Finance, are part of the French banking group Societe Generale and are a leading

More information

Setting Up Business Operations in Germany: Company Establishment, Corporate Taxation and Incentives

Setting Up Business Operations in Germany: Company Establishment, Corporate Taxation and Incentives Chris Schmidt - istockphoto Setting Up Business Operations in Germany: Company Establishment, Corporate Taxation and Incentives Udo Sellhast, Senior Manager Tax & Legal Services, Germany Trade & Invest

More information

Contract Work in Switzerland. A Brief Guide

Contract Work in Switzerland. A Brief Guide Contract Work in Switzerland. A Brief Guide Introduction to Swissroll There are approximately 1,000,000 foreign employees in Switzerland, 25% of which commute from outside the country. Swissroll are registered

More information

FedEx is the preferred and primary courier company for BP small package, parcel and express envelope (up to 150 lbs.) requirements worldwide.

FedEx is the preferred and primary courier company for BP small package, parcel and express envelope (up to 150 lbs.) requirements worldwide. FedEx is the preferred and primary courier company for BP small package, parcel and express envelope (up to 150 lbs.) requirements worldwide. Corporate Account To set up a corporate account or to update

More information

Chronology of CSCE meetings (1972-1992)

Chronology of CSCE meetings (1972-1992) Chronology of s (1972-1992) Caption: Chronology of the s held by the Conference on Security and Cooperation in Europe () from 1972 to 1992, including the main follow-up s and the special inter-sessional

More information

MASTER LICENSEE PROSPECT UNITED KINGDOM. Leader in home delivery of quality products for your dog & cat

MASTER LICENSEE PROSPECT UNITED KINGDOM. Leader in home delivery of quality products for your dog & cat MASTER LICENSEE PROSPECT We are looking for Franchisees all over the world UNITED KINGDOM FRANCHISING - A BUSINESS CONCEPT THAT WORKS! The Husse franchise concept is built on a system of Master Licensees

More information

New Tieto Knowledge. Passion. Results.

New Tieto Knowledge. Passion. Results. New Tieto Knowledge. Passion. Results. Hannu Syrjälä President and CEO Annual General Meeting 26 March 2009 Tieto in brief Leading IT services provider in Northern Europe #1 IT services provider in Finland

More information

JAN LIDÉN S ADDRESS TO FÖRENINGSSPARBANKEN S ANNUAL GENERAL MEETING IN STOCKHOLM APRIL 21, 2005

JAN LIDÉN S ADDRESS TO FÖRENINGSSPARBANKEN S ANNUAL GENERAL MEETING IN STOCKHOLM APRIL 21, 2005 JAN LIDÉN S ADDRESS TO FÖRENINGSSPARBANKEN S ANNUAL GENERAL MEETING IN STOCKHOLM APRIL 21, 2005 Dear shareholders, ladies and gentlemen, FöreningsSparbanken is currently the most profitable bank in the

More information

Agency Agreement For A New Field Service Representative. Application We thank you very much for your application.

Agency Agreement For A New Field Service Representative. Application We thank you very much for your application. Englische Kurzschrift Grundklasse 1 Agency Agreement For A New Field Service Representative 1st minute = 60 syllables Dear Mister Tackleberry, Field Service Representative Application We thank you very

More information

This year s report presents results

This year s report presents results Doing Business 2015 Going Beyond Efficiency Distance to frontier and ease of doing business ranking This year s report presents results for 2 aggregate measures: the distance to frontier score and the

More information

Financial services regulation in Australia

Financial services regulation in Australia Financial services regulation in Australia FEBRUARY What you need to know Financial services regulation in Australia February 2016 1 What you need to know Key points Do you do business in Australia or

More information

Enterprise Ireland - Accelerating the growth of Irish companies in world markets

Enterprise Ireland - Accelerating the growth of Irish companies in world markets Unlocking the Middle East Enterprise Ireland - Accelerating the growth of Irish companies in world markets Thursday 23 rd, April, 2009. Enterprise Ireland is the Irish government s lead agency in the development

More information

Execution Venues Traiding places provided by UBS Switzerland AG

Execution Venues Traiding places provided by UBS Switzerland AG a b Execution Venues Traiding places provided by UBS AG Note that this list of Execution Venues is not exhaustive. This list will be kept under review and updated in accordance with UBS s Order execution

More information

THE UPDATE OF THE EURO EFFECTIVE EXCHANGE RATE INDICES

THE UPDATE OF THE EURO EFFECTIVE EXCHANGE RATE INDICES September 2004 THE UPDATE OF THE EURO EFFECTIVE EXCHANGE RATE INDICES Executive summary In September 2004, the European Central Bank (ECB) has updated the overall trade weights underlying the ECB nominal

More information

Notes to help you apply for VAT registration checklist where to send your application Glossary About Corporate body the business

Notes to help you apply for VAT registration checklist where to send your application Glossary About Corporate body the business Notes to help you apply for VAT registration These notes will help you answer questions on form VAT1 Application for registration. The notes are numbered to correspond with the questions on the form. If

More information

DSV Air & Sea, Inc. Aerospace Sector. DSV Air & Sea, Inc. Aerospace

DSV Air & Sea, Inc. Aerospace Sector. DSV Air & Sea, Inc. Aerospace DSV Air & Sea, Inc. Aerospace Sector DSV Air & Sea, Inc. Aerospace Introduction to DSV DSV is a global supplier of transport and logistics services. We have offices in more than 70 countries and an international

More information

International Securities Trading now you can invest across the world

International Securities Trading now you can invest across the world International Securities Trading now you can invest across the world INTERNATIONAL SECURITIES TRADING iii CONTENTS Welcome 2 Trade international securities with CommSec and Pershing 2 International trading

More information

Fostering Entrepreneurship among young people through education: a EU perspective. Simone Baldassarri Unit Entrepreneurship

Fostering Entrepreneurship among young people through education: a EU perspective. Simone Baldassarri Unit Entrepreneurship Fostering Entrepreneurship among young people through education: a EU perspective Simone Baldassarri Unit Entrepreneurship Definition of Entrepreneurship Entrepreneurship refers to an individual s ability

More information

Improvements across the board

Improvements across the board Improvements across the board Lars Stensgaard Mørch Executive Board member Global head of Business Banking 10 September 2015 Nordic Universal bank with a strong and integrated platform Facts 3.6 million

More information

Cyprus Country Profile

Cyprus Country Profile Cyprus Country Profile EU Tax Centre July 2015 Key tax factors for efficient cross-border business and investment involving Cyprus EU Member State Yes Double Tax Treaties With: Armenia Austria Azerbaijan

More information

INTERNATIONAL SERVICES TARIFF

INTERNATIONAL SERVICES TARIFF INTERNATIONAL SERVICES TARIFF Supporting your international business Our service promise. If you experience a problem, we will always try to resolve it as quickly as possible. Please bring it to the attention

More information

General information about VISA

General information about VISA VISA All applicants who are coming to The Ethiopian Embassy in Stockholm in person visa service must fill the visa application m in advance bee coming to the office. General inmation about VISA The Ethiopian

More information

Final report. 26-28 November 2014 West hall 1 2 + Atrium Tokyo Big Sight, Japan

Final report. 26-28 November 2014 West hall 1 2 + Atrium Tokyo Big Sight, Japan Final report 26-28 November 2014 West hall 1 2 + Atrium Tokyo Big Sight, Japan Outline of the fair Title IFFT/Interior Lifestyle Living Period 26-28 (Wed - Fri) November 2014 10:00-18:00 (last day until

More information

Euler Hermes the world leader in credit insurance RISK ASSESSMENT CREDIT INSURANCE DEBT COLLECTION

Euler Hermes the world leader in credit insurance RISK ASSESSMENT CREDIT INSURANCE DEBT COLLECTION Euler Hermes the world leader in credit insurance RISK ASSESSMENT CREDIT INSURANCE DEBT COLLECTION Agenda 1 The Euler Hermes group 2 Our business 3 Our products and solutions 4 Our added value 2 The Euler

More information

Supply chain finance provides Dutch buyers with 22 billion additional free cash flow

Supply chain finance provides Dutch buyers with 22 billion additional free cash flow Supply Chain Finance ING Economics Department Supply chain finance provides Dutch buyers with 22 billion additional free cash flow This article determines the value to be gained by Dutch buyers and their

More information

An international exchange

An international exchange 1 # Why 1 in Seafood Why Oslo? should this be your choice An international exchange International rules and regulations based on EU standards. Same trading platform as the London Stock Exchange. Many international

More information

national inspectorate of strategic products ISP 2001/2002

national inspectorate of strategic products ISP 2001/2002 national inspectorate of strategic products ISP 2001/2002 ISP 2001/2002 PHOTO: CATHARINA BIESÉRT This brochure describes the activities of the National Inspectorate of Strategic Products (ISP) for the

More information

India. Doorway to opportunities

India. Doorway to opportunities India Doorway to opportunities We have the key India s development plays an increasingly active role in the global economy and presents significant business opportunities. As clients manage and explore

More information

Exporting goods. What is exportation? The European Union. The VAT territory of the EU

Exporting goods. What is exportation? The European Union. The VAT territory of the EU Exporting goods This information is for anyone who intends to export goods to countries outside the European Union (EU). You can read about how you submit your export declaration and whether you might

More information