Business & Finance
Brought to you by: Monaco Life
The Junior Chamber of Commerce of Monaco (JCEM) has announced the launch of its training cycle under the title “The modalities of starting a business”, which was formerly known as the Spring of Entrepreneurship.
Six training sessions will be organised: On March 28, the workshop “How to set up in Monaco?” will be held exceptionally at the Welcome Office (9, rue du Gabian in Fontvieille), and will be hosted by Laurence Garino, Head of Service. Participants will learn the procedure for the creation of a commercial structure, and also the conditions for obtaining residence in the Principality.
On April 11, the second event in the cycle looks at the different legal structures existing in the Principality. For this, Nicolas Dotta, managing partner of the Dotta & Narmino Cabinet, will lead this unit.
The third session in the series, on April 13, identifies commercial potential and will help attendees to analyse the market and prepare a marketing and sales plan. This training will be led by Luca Signoretti of Global AdvantAge Marketing & Strategy Consulting and Lecturer in International Marketing at the International University of Monaco (IUM).
The fourth and fifth sessions will be held on April 18 and 27 under the leadership of Tony Guillemot, Partner at KPMG GLD & Associates. The fourth module will give participants the opportunity to know the rules of direct and indirect taxation of legal entities based in the Principality, notably the tax on profits and VAT. The fifth session will be on the topic of preparing a business plan, and the accounting and financial considerations.
No date has yet been confirmed for the sixth and final session, which will be conducted by the Employment Service and the CCS addressing social legislation in the Principality and the formalities of hiring staff.
Training courses are open to all. Apart from the first one, all other sessions will take place at the IUM from 6:30 pm to 8:30 pm.
Participants in the 22nd edition of the Business Creation Competition are especially encouraged to participate (free registration). For more information Olena Prykhodko, JCEM’s Vice-President Training 2017, email@example.com
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Major economies continue to dominate the global ranking of the richest countries, with one nation’s private fortunes jumping by $200 billion (€177 billion) in six months alone, according to a new report released on Tuesday.
New World Wealth ranked the different countries according to the total amount of wealth, including property, cash, equities and business interests, held by all individuals as of June 2016. At least three countries from Asia appeared on the list, while four from Europe made it to the rankings.
Accumulating $48.9 trillion (€43 trillion) in wealth, the United States topped the overall list, followed by China, Japan, the United Kingdom and Germany in the top five. Rounding up the top ten are France, India, Canada, Australia and Italy.
Analysts are impressed by Australia’s showing in the top ten, considering that the country only has a population of 22 million. Australia, as well as Canada, has also overtaken Italy over the past 12 months, while China posted the fastest wealth growth over the past 15 years.
In terms of wealth held per person, European countries dominated the global rankings, with Monaco taking the number one spot. As of June 2016, the average person in Monaco owns $1.6 million (€1.42 million) in wealth, the highest in the world, reports New World Wealth, which also said the high average of wealth of Monaco’s residents can be attributed to the country's tax-free regime. (Source: Gulf News)