...TAX Expanding your horizons? A guide to setting up business across the Middle East and North Africa region KPMG E x p a n d i n g y o u r h o r i z o n s ? A guide to setting up business across the Middle East and North Africa region E x p a n d i n g y o u r h o r i z o n s ? A guide to setting up business across the Middle East and North Africa region Contents Pages Introduction 1 Algeria 3 Bahrain 8 Egypt 12 Iran 17 Jordan 20 Kuwait 23 Lebanon 26 Morocco 30 Sultanate Of Oman 36 Qatar 41 Kingdom Of Saudi Arabia 47 Sudan 51 Syria 55 Tunisia 58 United Arab Emirates 62 Yemen 66 E x p a n d i n g y o u r h o r i z o n s ? A guide to setting up business across the Middle East and North Africa region Introduction The Middle East / North Africa (“MENA”) region is one exemplified by inherent diversity. Such variation is widely demonstrated in the array of culture, language, geography and economics. Stretching from Morocco to Iran, each country has its own distinct makeup of natural resources and global outlook. As an inevitable result, political and economic events of recent decades have affected the representative nations in dramatically different ways. Certain countries have enjoyed the benefits of significant natural resources (e.g., substantial oil reserves) while others have undergone political changes that have seen their respective...
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...accommodating us and answering our questions despite her hectic schedule. To the staff of the Human Resource Department of SOCOTECO II for being helpful in the preparation of documents we requested. To our classmates who in one way or another were of assistance especially during the preparation of business letters prior to conducting this research. Last but not the least, our family and the one above all of us, the omnipresent God, for answering our prayers and giving us the strength to plod on despite our constitution wanting to give up and throw in the towel, thank you so much Dear Lord. Introduction Since the passage of the Electric Power Industry Reform Act (EPIRA) in 2001, the Philippines embarked on a comprehensive restructuring of its power industry. From a vertically integrated, extensively publicly owned utility business, the industry was envisioned to be broken down into its main components with a deregulated and effectively...
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...Carol R. Blaine Kent State University Mission / Purpose The Salem Campus of Kent State University recognizes the dignity and worth of all human beings, believes post-secondary education should be available to all who can benefit from it, and accepts responsibility for offering educational programs and supportive services responsive to the needs of its community. Consistent with this responsibility, the mission of the Insurance Studies degree program is to prepare individuals for productive and progressively successful employment in the insurance industry, one of the Ohio's top employers at nearly 200,000 jobs statewide. Goals and Student Learning Outcomes/Objectives, with Any Associations and Related Measures, Targets, Findings, and Action Plans G 1:Prepare Individuals for Career Success in Insurance Industry Prepare traditional and non-traditional students to enter the insurance business world with: • the knowledge and understanding gained through a broad-based liberal arts education, • the specific knowledge and skill sets associated with a thorough understanding of risk management and insurance, and • true respect for the role these disciplines play within our economic system. SLO 1:Achieve Liberal Arts, Risk Management and Insurance Comprehension Both in terms of liberal arts competencies, such as writing, mathematics, science, and communication, and business-specific knowledge, such as management, finance and operations, ensure program...
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...xM&A Law Firm LEGAL GUIDE TO DOING BUSINESS IN CHINA CONTENT I. OVERVIEW ...................................1 II. FORMING A COMPANY IN CHINA ................................................................2 III. MERGERS AND ACQUISITIONS ................................................................8 IV. TAXATION ...................................12 2011.05 Address: 13th/14th F, Huamin Empire Plaza 726 West Yan An Road, 200050 Shanghai,China Tel: (8621) 52370950 I. OVERVIEW This guide provides foreign investors an overview of the laws and regulations governing business in mainland China. After 30 years law making and reform, in 2010s, China has already promulgated a body of written statutes governing commercial affairs, including company management, employment, making contract etc. There exists an even larger body of implementing regulations and circulars issued by governmental authorities. The law in China often evolves in a piecemeal fashion, with certain regulations applicable experimentally only in certain geographic regions or with the issuance of temporary “interim” regulations that nevertheless have the force of law. The written statutes and regulations are often pitched at a relatively high level of generality, leaving significant discretion to implementing officials. Questions of law are resolved generally directly by the administrative agencies in charge of enforcing those laws, rather than by the courts. V. EMPLOYMENT AND LABOR LAW ......................
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...FIN ANCI AL SERVICES BO ARD S T R AT E G I C P L A N 2010/11 – 2012/13 INDEX PAGE DEFINITIONS ............................................................................................................................. 3 1 2 2.1 2.2 2.3 3 3.1 3.2 3.3 3.4 3.5 4 4.1 4.2 4.3 4.4 5 5.1 5.2 INTRODUCTION ............................................................................................................. 4 FSB VISION AND MISSION .......................................................................................... 5 Vision .............................................................................................................................. 5 Mission ............................................................................................................................ 5 Values ............................................................................................................................. 5 OVERVIEW OF FSB OPERATIONS ............................................................................... 6 FSB Governance Structure.............................................................................................. 6 FSB Operational Structure............................................................................................... 7 Line Departments ............................................................................................................ 8 Line Support Departments .........................................................
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...yChris Helling Chapter 1 review questions 1. Why is service so critical in the hospitality and tourism industries? Customer service is the essence of the hospitality industry. The importance of customer service in hospitality is stressed in on-the-job training. Good service in the hospitality industry is the only thing that will keep businesses aloft. 2. Describe and give an example of the following: a. Mission Statement: a statement of the purpose of a company, organization, or person and its reason for existing. A mission statement guides the actions of the organization, spell out overall goal, and guides decision-making. Ex: McDonald's - "To provide the fast food customer food prepared in the same high-quality manner world-wide that has consistent taste, serving time, and price in a low-key décor and friendly atmosphere b. Moment of truth: The interaction that occurs between a service provider and the guest is one of the key elements of service that define a guest’s experience. Ex: When a Disney employee recognized that one of their guests had to leave early because they were sick, so the employee got the approval to send them a care package. 3. What is the Disney service model? Start with a smile Eye contact and body language Respect and welcome Value the magic Initiate guest contact Create service solutions End with a thank you 4. Explain why Ritz-Carlton won the Malcolm Baldridge award. The Ritz-Carlton has a philosophy...
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...Citizenship in the Community This workbook can help you but you still need to read the merit badge pamphlet (book). No one can add or subtract from the Boy Scout Requirements #33215. Merit Badge Workbooks and much more are below: Online Resources. Workbook developer: craig@craiglincoln.com. Requirements revised: 2005. Workbook updated: November 2008. Scout’s Name: ____________________________________________ Unit: ____________________________ Counselor’s Name: _________________________________________ Counselor’s Ph #: _____________________________ 1. Discuss with your counselor what citizenship in the community means _______________________________________ ______________________________________________________________________________________________________ ______________________________________________________________________________________________________ and what it takes to be a good citizen in your community. ____________________________________________________ ______________________________________________________________________________________________________ ______________________________________________________________________________________________________ Discuss the rights, _____________________________________________________________________________________ ______________________________________________________________________________________________________ ______________________________________________________________________________________________________...
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...move towards a market- oriented economy. For that reason the amount of foreign investment in China continues to grow. There is a vast number of laws and regulations, therefore the possibility to conduct Mergers and Acquisitions in China should be carefully considered and analyzed. Generally we can say that the actions required depend on the industry sector in which foreign investments are made. For that reason we have to consider the so called “Catalogue for the Guidance of Foreign Investment” which is issued by the NDRC and MOFCOM. Ranging from “encouraged”, “permitted”, “restricted” or “prohibited” investments we can identify our industry sector as an encouraged one1. So, in our case there are several available forms of foreign acquisition, but we will focus on just three legal ones which appear most frequently and will be introduced later. Regardless of the chosen legal form, a common set of prerequisites must be met. The following figure displays these requirements in the order of realization. Local Administration of Industry and Commerce (AIC) Authority responsible for registration and licensing on a provincial level Pre-approval of the company’s name. National Development and Reform Commission (NDRC)...
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...The current new user security policy for Heart-Healthy Insurance states the following: “New users are assigned access based on the content of an access request. The submitter must sign the request and indicate which systems the new user will need access to and what level of access will be needed. A manager’s approval is required to grant administrator level access.” The following changes are based upon the PCI-DSS Compliace: 1. Usage policies must be developed for critical technologies and defined for proper use of these technologies (PCI DSS 12.3). With this first policy an organization with prohibit or allow the usage of equipment and/or accounts depending on the individual’s permitted access. 2. Explicit approval by authorized parties (PCI DSS 12.3.1). This policy will grant specific approval by management to match the business needs. Proper approval to individual personnel will create a secured environment with critical systems. 3. Authentication for use of the technology (PCI DSS 12.3.2) Personnel will use passwords to authenticate the access they have to specific technology. This will hinder any individual who is trying to breach the environment and gain access to critical information. 4. Automatic disconnect of sessions after a specific period of inactivity (PCI-DSS 12.3.7) Users must log out if they plan to step away from their accounts and/or devices. Automatic log-off will stop any individual who is trying to gain access to the system without authorization...
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...LIFESTYLE INVENTORY PAPER MEMORANDUM Date: November 6, 2011 Subject: Life Style Inventory Paper As per your request to prepare a personal learning agenda in GM591, I have completed my own “Life Styles Circumplex” profile. Below is the analysis of my “Life Styles Circumplex” profile and my personal learning agenda in GM591. Part I: Issues and Events The biggest challenge I face in the wholesale/retail industry (previous job) is dealing with people from all works of life. It is interesting to note that during the course of the month, at work, I will come across someone that will do or say something that will almost get me upset and in some cases succeed in getting me upset. I have read books that address issues like anger management, customer service and good people skills. I usually exercise good self-control in these areas. Another issue I deal with is trust. Over the years, I have found it increasing difficult to trust people, especially customers. There is an adage in the automotive retail industry that says, “Customers are liars.” The third main issue is discernment of people and their motives for doing and saying certain things. I continuously strive to be more holistic and well-rounded in all areas of my life. I am aware of the dangers of anger, distrust and naivety when they become the dominant part of one’s life, even if it is for a brief period. If these issues are not addressed, they can destroy one’s life, job or other vital relationships, especially the business-client...
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...1-2. Identify and describe the five environmental differences between governments and for-profit business enterprises as identified in the Governmental Accounting Standards Board's Why Governmental Accounting and Financial Reporting Is—and Should Be—Different. The five environmental differences include mission/purpose, source of revenue, potential longevity, relationship with stakeholders, and role of budget. The mission/purpose is defined by the goals of the organization. The purpose of a commercial business is to make money. A non-profit organization’s purpose is to provide a service, without compensation from the people being served. The source of revenue comes from net income, which comes from a sale of goods or services in the private sector or in the public sector comes from tax dollars or donations. The longevity potential for a private business depends on the ability to generate a profit. In contrast a non-profit relies upon tax dollars or donations. The stakeholders of a private corporation are the owners/stockholder/investors. The stakeholders of a public organization are the taxpayers and general public being served. The budget in the private sector is flexible, depending on revenues and directors. The budget within a public organization is typically not flexible and has to be followed exactly. 1-3. Identify and briefly describe the three organizations that set standards for state and local governments, the federal government, and nongovernmental...
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...BSBHRM405A Support the recruitment, selection and induction of staff Release 1 BSBHRM405A Support the recruitment, selection and induction of staff Date this document was generated: 15 March 2013 BSBHRM405A Support the recruitment, selection and induction of staff Modification History Release Comments Release 1 This version first released with BSB07 Business Services Training Package Version 8.0. Replaces BSBHRM402A Recruit, select and induct staff. Unit Descriptor This unit describes the performance outcomes, skills and knowledge required to execute tasks associated with the recruitment cycle. Performance of the work described in this unit will be underpinned by in-depth knowledge of the work of the organisation, and how recruitment and selection practices fit with other human resources functions. Application of the Unit This unit applies to those with a supporting role in recruitment, selection and induction functions who work under the direction of a human resources manager. Individuals at this level would not necessarily have staff reporting to them, although this may be the case. Licensing/Regulatory Information No licensing, legislative, regulatory or certification requirements apply to this unit at the time of endorsement. Pre-Requisites Not applicable. Employability Skills Information This unit contains employability skills. Approved © Commonwealth of Australia, 2013 Page 2 of 9 Innovation and Business Skills...
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...FirstBuy Buyers’ Guide Homes and Communities Agency August 2011 http://www.homesandcommunities.co.uk/firstbuy \\hca.local\wa\IR\Investment Delivery Partnerships team\First Buy HomeBuy\Buyers Guide\FirstBuy Buyers' Guide 040811.doc Page 1 of 21 What is FirstBuy? FirstBuy is an affordable housing deposit assistance equity loan product from the Homes and Communities Agency, working in partnership with house builders. It aims to make more new affordable homes available to eligible buyers priced out of the housing market. FirstBuy is available in England and only from approved, participating house builders for a limited time period – no assistance is available after March 31st 2013. This guide provides an overview of the product. If you’d like to know more, or if you want to apply, please contact your Local HomeBuy Agent (see page 18). Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it. Check that these mortgages will meet your needs if you want to move or sell your home or you want your family to inherit it. If you are in any doubt, seek independent advice. \\hca.local\wa\IR\Investment Delivery Partnerships team\First Buy HomeBuy\Buyers Guide\FirstBuy Buyers' Guide 040811.doc Page 2 of 21 Overview: the ‘stepping-stone’ into home ownership With FirstBuy, the buyer (‘you’) buys a new home on an approved FirstBuy new build development with assistance from both the Homes and Communities Agency (‘the Agency’) and...
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... Guide: M/s DIKSAH SISODIA Index |Title |Page No. | |Abstract | | |Brief Introduction | | |Ethical Issues | | | | | | | | | | | | | | Abstract The paper discusses the evolution and growth of Biocon in recent years. It focuses on the Alternative business models key players in the industry have adopted and highlights the activities and achievements of some of the globally competitive companies across various segments of the market. The paper also chronicles recent developments in the industry with respect to international...
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...require both efficient regulation and proper enforcement. Denmark, Georgia, New Zealand and Thailand are examples of countries that manage to regulate the construction permitting process with relatively few requirements, yet their regulations are considered buildings safe. It is not easy to find the right balance between safety and efficiency in construction regulations. They need to be both clear and adaptable to economic and technological change. Making it easier to deal with construction permits help the growth of the construction industry. Consequently, more construction workers are employed, construction-related materials and services are purchased from local suppliers, and local jobs are created. For every 10 jobs directly related to a construction project, 8 other jobs may be created in the local economy. Doing Business records the procedures, time and cost required for a small to medium-size business to obtain all the necessary approvals to build a simple commercial warehouse and connect it to water, sewerage and a fixed telephone line , it includes all types of inspections and certificates needed before, during and after construction of the warehouse. HOW DOES CONSTRUCTION PERMITTING WORK IN EGYPT Across Egypt, dealing with construction permits requires on average 18 procedures that take 163.5 days at a cost of 109.4%of income per capita (EGP20,683). This is significantly cheaper than the average of the Middle East and North Africa (283.3% of income per capita)...
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