International Money Transmission Services Licenses

Money Transmission Services Licenses

If you are thinking of making money in an offshore business you might think of getting a license for money transmission services. For an example of just how much money is transferred a look at WU’s financials for the first quarter of 2010 is instructive. They reported revenues of $1.2 Billion for the first three months of 2010 and a profit of over 25% on revenues. PayPal reported over $650 million in revenue in 2009. In addition there are SWIFT transfers, bank to bank, world wide.

Companies such as WU, Moneygram, and many others offer wire transfer services most typically to individuals who do not have other means of transferring or sending money across a country or internationally.

It is entirely possible so set up such an operation as an offshore business. There are a number of offshore locations where this is possible. What is necessary is to assess how to most efficiently and profitably address a need to transfer money. What is necessary is to choose a location and purchase a license.

Who Needs the Service and How Can One Profit Offshore?

We use WU and PayPal as examples as people typically use these companies to transfer hundreds instead of tens of thousands of dollars. This is a very large market as seen by the financials of both companies. Mexican workers in the USA send money home as Nicaraguans working in Costa Rica and Colombians working in Panama. Although many expat workers present cash to send home it is entirely possible to pay by credit card in order to send money from country to country.

Is This a Feasible Idea?

There is a market throughout the world and with a competitive business plan it is possible to tap into the need to transfer money. There are new companies setting up every day. Setting up in the right tax advantaged jurisdiction with minimum paperwork and capital investment requirements could give the individual or corporation a head start on competitors. The first step is to consult with competent counsel and obtain a license to transmit money.

Obtaining a Government License for Money Transmission Services

Your first decision will be to choose a jurisdiction from which to operate. With good advice you will be able to pick a spot where paperwork is minimal and the potential for profits high. Setup costs typically run around $27,000 including the government application fees.

Required information for an individual or corporate application will include personal information, business history, and the like from all directors, shareholders, and officers of the company.

With the choice of a competent advisor in setting up offshore money transmission services the owners can effectively deal with paperwork issues even to the point of using qualified nominee services to maintain individual privacy in setting up the business. Other useful aspects of such an operation are that back office work can be cost effectively outsourced and professional software obtained. Competent counsel can help with setting up and maintaining a web presence to drive business to your money transmission services offshore business.

Global Domains International Review: A True MLM Business?

Today, if you search on the Internet you find a lot of MLM business opportunities and “home based business” opportunities. It is impossible you never heard of Domains International (GDI). I saw some people on the internet who call this company a big scam, so I will answer this question in this article. Let’s see some details first!

Who is GDI?

The company GDI was founded in 1999 by Michael Reed and Alan Ezeir and it has the headquarters in U.S.A, San Diego. While other people were focusing on the core site, or banners, the two founders had the idea to use another type of domain than. com for online business. So the domains. ws appeared with the opportunity to distribute them in a MLM system.

What product GDI offers?

The company ‘s product is the. WS domain (website). After registration you get a 7 days free trial and only if you want to go on you pay $ 10 per month for the domain.

Paying $ 10 per month you will become an active GDI affiliate and you will receive the following package of products and services:

• 1 personalized domain name with a capacity of 100 MB

• high quality hosting for this WebSite

• 10 personalized email addresses, each with 100 MB capacity

• 9 pages in English with GDI business presentation containing your information, so other people will be able to register in your downline from them.

• an easy program to create a website (website builder) with a large number of patterns, so anyone can build their own website without knowledge of HTML, programming, php, etc…

• the possibility of redirecting the domain name.

• the possibility of forwarding the e-mail address

• FTP access,this means that you can create your own web page offline and then you can upload it to a FTP server.

Recently, GDI offers the possibility to choose the premium package for $ 40 per month. This package includes the domain with a capacity of 1 GB, 50 e-mail adresses, and the company pays $ 15 per month for each affiliate located on level 1 and $ 5 per month for each affiliate from levels 2 to 5.

Compensation Plan

The GDI’s compensation plan is the easiest plan in network marketing. You get paid $ 1 per month for each domain registered in your network on 5 levels.

Here is an example of how much you can earn:

You sign up 5 people. From here you earn $ 5 per month. These five people will learn from you what they have to do and let’s assume that each of them signs up 5 new members, which means a total of 25 people in your downline, so you will earn $ 25 per month on level 2, money that will go into your account. Suppose that each of the 25 referrals will sign up 5 people, so you will earn $ 125 from your third level. From the 4th level your business already works without getting involved. We continue the algorithm in the same way and we have to take $625 from the 4th level. Let’s take a look at what happens on level 5, the last level, without any effort from you! You already earn $ 3.125!

Global Domains International also offers a BONUS: $ 100 if you register 5 active GDI affiliates in the same week, $ 200 for 10 active affiliates registered by you in the same week and so on from 5 to 5. There is no limit on how much you can earn!

To get the bonus you must:

– First to be an active member (to pay $10 for your domain) for at least 1 month

– Then to order the promotional package of 10 CD-DVD worth $ 60.

$ 5,000 Bonus of Excellence

If you bring 1,000 or more affiliates in a period of four weeks you receive a Bonus of Excellence worth $ 5,000 in addition to the $ 1,000 you already earn from monthly commissions.

In conclusion, GDI offers the opportunity to develop an international business from your home, and there is no limit for the income you can earn.

There are still some weaknesses that GDI has:

-Web site builder is rigid and does not allow you to arrange your page as you want;

The 100-MB may not be enough for a large project.

-Although there are some promotional materials, GDI does not offer much training, making things difficult for a beginner.

In conclusion, GDI is certainly not a scam, there are proof that the company always pays on time people who bring new affiliates into the network and continuously increase their team.

Hire The Best International Shipping Company For Efficient And Trusty Shipping Services

If you’re starting a business abroad, you’ll want to think of ways to get ahead of the competition. Such businesses typically sell products in other countries, and you’ll have to rely on the safe and timely shipment of your merchandise. In the process of shipping your products, you also have to consider saving on your resources. Transport of your products has to be cost-effective. By all means, do away with shipment woes, and to be able to do so, you may opt to hire the services of a trusty international shipping agency. Air and sea freight packages are among the top services of these agencies and they cater to different kinds of clients. These services are offered at different price points. Diverse cargo shipments are transported by international shipping agencies, including cars, machineries, toys and medicine.

You normally have to choose from a wide range of shipment options when you transact with such companies. Consider that the company you do business with offer quality cargo containers for overseas shipments. Inquire about the means that they apply to ensure that your cargo arrives in one piece at the destination country, especially if your shipment contains glassware and steel parts. A reliable company will guarantee that their services take good care of your goods and items.

Ask about the agency’s comprehensive shipment packages from the cargo collection to the shipment and all the way to the delivery. Make sure that the shipping is timely. These companies usually have a trained staff that efficiently packages your goods (in the proper manner). Suitable containers are used to pack the goods so that they become free from damage while in transit. The staff strictly adheres to industry norms when packing the items.

There may be times when you’ll have to send a shipment to its destination at a specific time span. Again, you’ll have to choose a reliable company for this endeavor. If you choose an efficient company, you can be worry-free when it comes to the shipment and delivery of your goods. Your cargo will arrive at the designated schedule, and safe and intact at that. These kinds of companies likewise utilize means to keep track of your cargo about its status and location so you are well-informed.

If you’re sending an expensive shipment abroad, you may have qualms about the safety of the items. You can get rid of these worries if you hire the services of an efficient company. Sit back and relax because the company has an insurance coverage for the fragile items that you shipped. Basically, you can choose from several options of insurance coverage depending on your needs and budget. Should natural calamities take place or if there is prospect of delay or loss, the company will cover for you and salvage the situation.

Then there’s customs clearing for export and import of products. No need to go through the hassles of this because the company will handle it for you. These companies are proficient in the area of customs documentation and clearance.

While transacting with the agency, make sure that all your queries about the cargo shipment are resolved. In the same way, discuss with the staff issues about costs and packaging, among your other concerns.