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Belize Offshore Companies: Belize Company Formation …

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Dec 142015
 

Belize Foundation

We have an established sister company office in Belize for more than a decade. We offer truly low-cost, fast and confidential services.

The Belize IBC Act was introduced in 1990 to implement competitive offshore legislation for Belize IBC’s which was subsequently amended to reflect the changes required to provide efficient Belize offshore services .

Belize incorporation is very efficient under normal circumstances, a Belize IBC can be incorporated in a couple of working days

The documents for Belize company Incorporation do not carry the name or identity of any shareholder or director. The names or identities of these persons do not appear in any public record.

Shareholder(s) and/or director(s) nominee services are allowed to ensure confidentiality.

The standard share capital is USD 50,000 or an equivalent in another recognizable currency.

The minimum paid in and issued capital may be one share which is fully paid.

According to the Belize IBC Act of 1990, Belize offshore companies are exempted from all taxes and stamp duties.

Belize IBC records and accounts do not have to be held or filed with the authorities. If the shareholders, directors or officers decide to maintain such records or accounts, these may be held anywhere in the world.

Belize IBC is restricted from doing business with Belizean residents or Belize corporations except where:

There are no restrictions for Belize offshore company to carry on any legitimate business and investment activity whatsoever, with the exception of bank, insurance or trust businesses which require a special license.

Please check our Belize IBC Prices OR Go to Belize Company Formation

Incorporate in Belize! Incorporate Your Wealth!

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For purposes of this document, the term “Belize International Business Company” has the same meaning as “Belize IBC”, “Belizean IBC”, “Belize Offshore Company”, “Belize Offshore Companies”, “Belize Offshore Corporation”, “Belize Offshore Corporations” or “Belize International Business Corporation”, “Belize Company”, “Belize Companies”, “Belize Offshore”, “Belize Corporation”, “Belize Corporations”.

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Hong Kong Value Pack 595 – Fastest and Best Priced Hong …

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Sep 262015
 

WHY REGISTER AS AN OFFSHORE COMPANY?

WHAT IS AN OFFSHORE COMPANY? An offshore company is a legal entity registered according to the rules of a particular country or jurisdiction, performing its business outside the country or jurisdiction in which it is registered.

An offshore company can also be registered as an International Business Company (IBC). Offshore companies:

WHY REGISTER AS AN OFFSHORE COMPANY? An offshore company enjoys a number of benefits over an onshore company. The benefits are as follows:

TAX RELIEF Most offshore companies are exempt from taxes on all profits gained outside the jurisdiction. The taxation rate is zero percent (0%) for an offshore IBC.

DISCRETION An IBC has the right to keep all information about its directors, secretaries or shareholders confidential. The law prevents anyone from enquiring about the details of owners and employees. The owners are not legally required to disclose any information about their company to anyone.

MINIMAL COMPLIANCE REQUIREMENTS An IBC enjoys the benefit of having to fulfill only minimal compliance requirements. However, the following conditions must be fulfilled for incorporating an International

Business Company:

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Belize Offshore Company Formation

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Aug 212015
 

Belize is a classic among the offshore tax havens. Few other offshore jurisdictions offer the range of benefits and features that Belize does. If a simple and efficient offshore solution is what You need, Belize is hard to beat.

Fidelity Overseas Ltd is a professional provider of offshore company registrations in Belize. We are physically located in Belize City and licenced by the Belize International Financial Services Commission. In terms of Belize offshore companies, we are the “producers” – not resellers. We are narrowly specialized in the offshore services of our home jurisdiction. Belize offshore company formations is what we do, and that`s what we are good at! This means competent service, quick turnaround and competitive fees.

Unlike many “web-only” sellers of offshore incorporations, we are a real, bricks-and-mortar firm on the ground, regulated and licenced by the Belize IFSC. This means that our senior members of staff have been thoroughly vetted for their competence and personal integrity. Under the terms of our financial services licence, our firm has met substantial capitalisation and quality control requirements.

Our services in Belize include:

We are part of the Fidelity Overseas / Fidelity Corporate Services group, having ground offices in several other reputable offshore financial centres. Through our group partners we can provide a unique blend of local expertise in conjunction with a global perspective on the offshore services industry.

This site provides a comprehensive insight into Belize offshore services. It includes detailed service descriptions, order procedures, legislation reviews and a facility to place an offshore incorporation order online.

Please contact us if you need more information on Belize offshore corporations and related services – we will be glad to assist You!

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Offshore Companies – Sovereign Man

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Aug 082015
 

To set up an offshore company or relocate your existing business overseas is a crucial step toward internationalizing yourself and your assets. Search for offshore company and youll find thousands of websites promising a quick company formation in Panama or the British Virgin Islands, with a range of other benefits for the jurisdiction in question.

There is a current misconception that offshore business is about evading taxes and hiding money from the government, which is certainly not the case.

There are 100% legitimate ways to structure your business interests overseas and realize significant benefits from an asset protection standpoint as well as tax-standpoint.

Want an example? In the last few years companies such as Google, Apple and a multitude of other companies have cut theirtaxes by billions of dollars in completelylegitimate ways.

You too can do this.

Click here to receive our free intelligence

First of all, you dont have to start a company offshore to save on taxes. If youre an American, just moving out of the US is a terrific first step. As a US expat, about $100,000 in overseas income is tax exempt, meaning that if you live outside the US you dont have to pay any taxes at all on the first $100,000 or soof foreign sourced income (you still have to file your tax report though). However, the real tax advantage from running an offshore company as a US citizen doesnt come from direct tax savings. It comes from tax deferment, meaning you postpone the payment of taxes into the future. If you run a business overseas and reinvest profits within the company you can defer taxes indefinitely. Lets say you have a profitable company overseas. Now imagine that instead of paying taxes on your profits every year you can reinvest that capital in your offshore company every year for 30 years, and only pay taxes if you decide to sell the company after 30 years. Being able to reinvest your capital tax-free combined with the power of compound interest makes this a truly exceptional opportunity.

Its a great idea to structure your business overseas, especially one thats online-based. If you incorporate your foreign business properly, it provides a legal way to defer tax payments (similarly to an IRA), as well as enabling much reduced liability. An online business has no limits as to how and where it can do business, so why should you let your business be limited by a jurisdiction that is based on the old, geographically limited model? Starting an offshore online business is a great way to build streams of income outside of your home country. Why would you want to have income streams outside of your country? Well, when inflation runs rampant in a country, having an income stream overseas in a stronger currency can potentially be a lifesaver. If hyperinflation would find its way to your country, which is a real risk with central banks all around the world printing new money 24/7, earning only a small part of your income in a different country is invaluable. An internet business based overseas, coupled with an offshore bank account, is the perfect medium through which you can do this.

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Offshore Companies – Sovereign Man

Offshore Company Formation Types – Business Structures and …

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Jul 222015
 

English

Once an offshore jurisdiction is chosen based on your needs and the benefits you are seeking, choosing the company type follows the same decision process. Popular offshore company formation jurisdictions offer Corporations and Limited Liability Companies, among others. Depending on what you are looking to do with your offshore plans, a single company or corporation plus an additional legal tool or bank account may be the solution. In some cases bank accounts, trusts and other structures are necessary to build the complete strategy that is right for you. Here are a few examples and more information on offshore companies:

Nevis LLC offers superior asset protection over corporation law of many other jurisdictions and is the offshore company formation type we most recommend for asset protection and financial privacy. This provides a key aspect to an asset protection plan due to superior provisions than other countries. For example, when a member (owner) of the Nevis LLC is sued, there are provisions in the law that protects the assets inside of the LLC from being seized from a resulting judgment. For more information on the Nevis Limited Liability Company please visit that website section.

British Virgin Islands Offshore Companies or International Business Company (IBC) is a reputable jurisdiction, and offers privacy of ownership for assets held inside of the company and the ability to transfer domicile. IBC’s are exempt from local taxes and stamp duty, along with huge privacy and confidentiality benefits. Our website offers additional information on international business company (IBC).

Belize Offshore Companies are popular structures due to the simplicity and cost effectiveness of the jurisdiction. It also offers a high degree of privacy and protection. Belize is the only English-speaking country in Central America.

Panama IBC is now a stable presence in Central America with respectable business growth potential. Panama offers strong financial secrecy and a relatively stable economy. For more information on the Panama IBC please visit this section of our website.

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Star Corporate Vietnam: One Stop Shop for Foreign Investment into Vietnam – Video

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Apr 132015
 



Star Corporate Vietnam: One Stop Shop for Foreign Investment into Vietnam
One stop shop for direct foreign investment into Vietnam. Business start up and on-going administration support. Offshore companies. All licenses and permits. Taxation, HR services. Leases….

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Star Corporate Vietnam: One Stop Shop for Foreign Investment into Vietnam – Video

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Electrical Disaster & Evil Offshore Companies [Spaethon’s 2 Cents Worth] – Video

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Mar 192015
 



Electrical Disaster Evil Offshore Companies [Spaethon's 2 Cents Worth]
March 19, 2015 ~*My Two Cents Worth*~ Spaethon discusses the possibility of a worldwide power grid failure and a cheap item we don't think about that would be worth its weight in gold in a…

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How London is 'safe haven' for money laundering

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Mar 112015
 

Around 36,000 London properties are thought to be owned by hidden firms Transparency International say the firms are registered in offshore havens The charity fears many properties are being used to stash corrupt money One in ten properties in Westminster are owned by offshore companies Charity urges government to make sure UK doesn’t become a destination for ‘global corruption’

By Louise Eccles Business Correspondent For The Daily Mail

Published: 01:55 EST, 4 March 2015 | Updated: 06:25 EST, 4 March 2015

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International criminals are using British property as their preferred safe haven to stash their corrupt money, a startling report claims.

Transparency International UK said 36,000 London properties are owned by hidden companies registered in offshore havens.

They fear many of these are being used by corrupt overseas politicians from the worlds poorest countries who want to hide their criminal cash.

A new report has revealed that thousands of homes in London are being bought anonymously by offshore companies so they can hide corrupt money (file picture)

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British property 'safe haven' for corrupt cash: campaigners

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Mar 102015
 

AFP/File Justin TallisMore than 36,000 properties in London are held by companies registered in offshore havens such as the British Virgin Islands, Jersey and the Isle of Man, according to campaign group Transparency International

London (AFP) – British property is a safe haven for money stolen from around the world, with tens of thousands of London properties owned by secretive companies, according to a corruption report released Wednesday.

Campaign group Transparency International found 36,342 properties in London covering 3.6 square kilometres are held by companies registered in offshore secrecy havens such as the British Virgin Islands, Jersey and the Isle of Man.

Almost one in 10 properties in the district of Westminster, where the British government is based, are owned by a company registered in an offshore haven, the report found.

In 2011 alone, the report said, 3.8 billion worth of UK property was bought by companies registered in the British Virgin Islands.

The group said the use of British property to store stolen wealth may have helped inflate prices — an explosive political issue due to near-record prices and a lack of affordable housing ahead of Britain’s May election.

“There is growing evidence that the UK property market has become a safe haven for corrupt capital stolen from around the world, facilitated by the laws which allow UK property to be owned by secret offshore companies,” said Transparency International executive director Robert Barrington.

“This has a devastating effect on the countries from which the money has been stolen, and it’s hard to see how welcoming in the world’s corrupt elite is beneficial to communities in the UK.”

The group urged the government to make the Land Registry require transparency over who owners of companies are, in order to ensure Britain is not “the destination of choice for global corruption”.

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UK property 'haven for stolen cash'

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Mar 052015
 

Corrupt money stolen around the world is finding a safe haven in the UK property market, campaigners said today.

Transparency International UK said the Government needed to act quickly to make sure the UK does not become “the destination of choice for global corruption”.

New research shows 36,342 London properties covering a total of 2.25 square miles are held by hidden companies registered in offshore havens, the organisation said.

The study, analysing data from the Land Registry and the Metropolitan Police Proceeds of Corruption Unit, found that 75% of properties whose owners are under investigation for corruption made use of offshore corporate secrecy to hide their identities.

Robert Barrington, the organisation’s executive director, said: “There is growing evidence that the UK property market has become a safe haven for corrupt capital stolen from around the world, facilitated by the laws which allow UK property to be owned by secret offshore companies.

“This has a devastating effect on the countries from which the money has been stolen, and it’s hard to see how welcoming in the world’s corrupt elite is beneficial to communities in the UK. It is astonishing that the UK has sleepwalked into this situation, and the Government needs to act quickly to make sure that the UK does not become the destination of choice for global corruption.

“Some relatively simple measures would be a good start, such as the Land Registry requiring transparency over who owns the companies that own so much UK property.”

The campaigners say more than 180 million of property in the UK has been brought under criminal investigation as the suspected proceeds of corruption since 2004. This is believed to be the tip of the iceberg. More than 75% of the properties under criminal investigation use offshore corporate secrecy.

Almost one in 10 properties in the City of Westminster (9.3%), 7.3% of properties in Kensington and Chelsea, and 4.5% in the City of London are owned by companies registered in an offshore secrecy jurisdiction.

More than a third of foreign companies holding London property are incorporated in the British Virgin Islands (13,831 properties). This is followed by Jersey with 14% (5,960 properties), the Isle of Man with 8.5% (3,472) and Guernsey with 8% (3,280).

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Offshore Companies Registration, Offshore Company …

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Mar 022015
 

Sterling establishes, manages and administers offshore companies and international companies, offshore trusts, private foundations and funds utilized in various structures for an international clientele spanning over 80 countries. These entities combined with Sterlings supporting services allow us to provide a number of different solutions designed to achieve specific objectives of our clients. These objectives broadly include asset protection, international investment, tax optimization and foreign market entry.

Todays global business and investment environment is continually evolving with new bilateral and multilateral frameworks being agreed between countries, governments looking to increase tax revenues to fill voids and other factors that can effect the international investor, corporation or businessman. Sterling understands these ever changing dynamics and provides services designed to help our clientele achieve their objectives while remaining compliant in the new global environment. We continually strive to make the complex simple so our clients can focus on other matters.

Whether the situation requires services relating to offshore companies, private foundations, offshore trusts and/or funds in Seychelles or any other country, Sterling can accommodate your needs in a competent and expeditious manner.

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Canada Life acquires Legal & General

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Feb 102015
 

Canada Life, the UK subsidiary of Canadian financial services group Great-West Lifeco, is to acquire Dublin based offshore insurer Legal & General International (LGII) for an undisclosed sum.

Canada Life, the UK subsidiary of Canadian financial services group Great-West Lifeco, is to acquire Dublin based offshore insurer Legal & General International (LGII) for an undisclosed sum.

Paul Mahon, president and chief executive officer of Great-West Lifeco, said that the transaction will enhance the position of Canada Life in the UK, and give clients and professional advisers further confidence in our UK offshore business.

Launched in 2007, LGII is a subsidiary of the Legal & General Group Plc and provides investment and tax planning solutions, primarily focused on the UK high net worth market. LGII has over 4,000 UK offshore bond policies with assets under administration of 2.5bn (3.3bn), as at October 30th 2014.

Canada Lifes Irish operations were subsumed into Irish Life in January 2014, but the UK operations still carry the name. An offshore bond provider, it has been selling into the UK for over 27 years through its offshore companies, based in the Isle of Man.

The sale of LGII is part of the L&G groups ongoing disposal programme of its peripheral assets.

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BVI company formation. Offshore BVI companies from …

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Feb 072015
 

British Virgin Islands (BVI) is one of the oldest and most respected offshore financial centres in the world.

BVI is widely considered as a benchmark, which the other offshore tax havens strive to emulate.

Fidelity Corporate Services Ltd is a professional offshore incorporation services firm. We are located in the British Virgin Islands and we specialize in BVI Business Companies – probably the worlds most popular type of offshore company.

We are a source provider, not an intermediary. For our clients, that translates into expert service, competitive fees and quick turnaround time.

Our firm is licensed by the British Virgin Islands Financial Services Commission under the BVI Banks and Trust Companies Act 1990, Licence No GTL 14006/06. As such, we are regulated and supervised by the FSC in regards the quality of our incorporation and company management services, the competence of our staff and the safeguarding of client interests. Along these lines, we are subject to substantial capital adequacy requirements and carry professional indemnity insurance.

Our services include offshore company formation in British Virgin Islands and subsequent management and administration of such companies, including services of the Registered Agent, provision of the registered address, third-party directorship and company management services, shareholders, services, virtual office and secretarial services, bank account introductions, custody of documents and corporate searches, preparation of corporate and business documentation and general administration.

Our clients are private entrepreneurs as well as professional intermediaries such as tax consultants, financial advisors, accountants and lawyers. Our client base is purely global, reflecting on the worldwide popularity and recognition of BVI as an offshore tax haven.

Being part of the Fidelity Overseas group, with affiliate offices in several other offshore centres, we provide our clients with local expertise in conjunction with a global perspective, supported by more than 10 years experience in the offshore financial services business.

We welcome You to browse through our site, which we have tried to make as informative and functional as possible.

Please feel free to contact us if You need any further information about BVI offshore companies and services – we will be delighted to write or speak to You!

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Gulf Land Structures Announces Latest Offshore Living Accommodation Services

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Jan 202015
 

Houston, Texas (PRWEB) January 20, 2015

Gulf Land Structures has recently announced new designs for offshore accommodations to take into account the changing needs of its clients. Understanding the many weeks or months that workers must deal with on an offshore rig, Gulf Land Structures is designing its new accommodations towards an extended stay model so that offshore rig workers will have new spaces for rest, meals, and even recreational areas while off-duty. With an eye to both quality and cost-effectiveness, workers on rigs using Gulf Land Structures’ new, more effective designs will be treated to a “home away from home” environment in the new accommodations.

Gulf Land Structures has released these new designs taking into account the need to provide a more pleasant environment on the part of offshore companies to provide comfort for their workers, and their new designs reflect advances in both modularity and comfort. Because of the high stress associated with working offshore, Gulf Land’s new designs call for more efficiency of space for workers while providing adequate room and comfort through a variety of optimized structural designs.

Gulf Land Structures handles offshore rig residences of any size and specializes in modular steel and fiberglass structures that are both durable and affordable for offshore rig operators. Gulf Land Structures has a pending ISO 9001 certification as well as over a decade in offshore rig residence development, as well as experience in designing for unique situations involving any type of offshore drilling rig. Besides the design of new residence areas, the company is also experienced in structural refurbishment, including everything from coating and mold treatment services to modular rental structures.

With the new design options that are now being offered by Gulf Land Structures, companies interested in either designing or refurbishing their offshore rig’s residential structures have options that are both affordable and designed with the person staying on the rig in mind. Companies seeking to work with Gulf Land Structures on their rig’s new design or residence refurbishment can contact Gulf Land Structures to learn more about the design and bidding process, as well as have access to a portfolio of Gulf Land Structures’ previous successful designs as templates for their specific needs. Gulf Land Structures typically deploys a design team to understand the specific, individual needs of a specific offshore rig as well as provide an estimate of what is feasible based upon the company’s budget requirements.

About Gulf Land Structures: Gulf Land Structures has over a decade of design and installation experience with durable, modular offshore accommodation structures, as well as offshore residence repair, refurbishment and maintenance. Since 2007, Gulf Land Structures has defined quality and customer service as their top priorities in the design and implementation of modular offshore residences. Their mailing address is 4199 Cameron St. Lafayette, LA, 70506. For more information, visit http://gulflandstructures.com/, or call 888-226-3551.

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Offshore Company Registration: Have Your Agent Respect Your Wishes – Video

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Jan 132015
 



Offshore Company Registration: Have Your Agent Respect Your Wishes
http://www.offshorecompanyregistration.ae/ Offshore Companies Registration: Are You Too Looking For An Offshore Company Registration Agent Who Will Try Harder To Please You? In Dubai? Do…

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Russia: ‘We may ban govt contracts for offshore companies’ – Medvedev – Video

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Dec 272014
 



Russia: 'We may ban govt contracts for offshore companies' – Medvedev
Russia may ban state and municipal contracts to companies registered offshore, Russian Prime Minister Dmitri Medvedev said in Moscow, Thursday. Speaking duri…

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Caterpillar facing US Senate probe

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Dec 272014
 

A US Senate investigative panel is examining Caterpillar and whether the company improperly avoided US taxes by moving profits outside the country, said three people familiar with the inquiry.

The Senate’s Permanent Subcommittee on Investigations will hold a hearing in early April, said two of the people. They spoke on condition of anonymity before an official announcement.

Rachel Potts, a spokeswoman for Caterpillar, declined to comment. Two staff members for the subcommittee declined to comment.

In 2009, Daniel Schlicksup, an employee who had worked on tax strategy, alleged in a lawsuit in federal court that Caterpillar used a “Swiss structure” to shift profits to offshore companies and avoid more than $US2 billion in US taxes. He also alleged that Caterpillar used a “Bermuda structure” involving shell companies to return profits to the US without paying required taxes.

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According to Schlicksup’s complaint, the Swiss structure involved “many shell corporations with no business operations,” in which the management of profitable businesses was technically shifted to Switzerland while actually remaining in the US.

Lawsuit Settled

Schlicksup’s lawsuit, which alleged that Caterpillar executives retaliated against him, was settled in 2012, according to court filings. The company denied the allegations, which Bloomberg News first reported in 2011.

The Senate subcommittee, led by Democrat Carl Levin of Michigan, has been examining tax avoidance by multinational companies. Microsoft Corp., Hewlett-Packard Co. and Apple Inc. have been the subjects of previous hearings by the panel.

The 2013 investigation into Apple uncovered a subsidiary that earned $US30 billion over four years with no home for tax purposes.

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'Fixing' human error

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Dec 132014
 

In 2013, the UK marked the 25th anniversary of Piper Alpha and the tragic loss of 167 offshore workers. Following the public enquiry chaired by Lord Cullen, a broad range of commitments were agreed on by the offshore industry to raise overall safety standards. However, more recent (and equally well documented) serious safety events have served to question just how much real progress has been made in truly tackling human error and the other principal causes related to these types of events. What has become evident is that offshore companies that fail to effectively manage human error are increasingly having a tough time predicting upcoming operating expenses. Traditional and previously accepted operating risk assumptions are being challenged (or even derailed), precisely at a time when regulators are increasingly demanding more assurance.

Incurring a serious safety event is never good news. It hits corporate scorecards and for offshore contractors in particular, can result in embarrassed looks in front of highly valued and much sought after customers. Fortunately, for most offshore companies, serious safety events are a relatively rare occurrence. But it is precisely this infrequency that lulls organizations into a false sense of security and why their corrective actions (to address the problem) often fall short of something that resembles a permanent “fix.”

The reason? Well if such events only happen on a rare occasion, then surely corrective actions must be targeting the isolated behaviors of just a few rogue individuals. The assumption being that when people execute work, deviations from policies or procedures must also be a very rare thing. This line of reasoning while palatable to senior leadership demanding assurance that a repeat event is not imminent may not necessarily reflect how work is truly executed. The harsh reality might just be that while incurring serious consequences may be rare, unauthorized deviations from policy and procedures are not. In fact, employees taking short cuts and risks might be far more commonplace than companies would like to think.

To make matters worse, offshore companies may unknowingly be fostering cultures that support a culture of “casual compliance.” How so? Because if there is only about a 5% chance of anything going seriously wrong when a risk or short cut is taken, (i.e. human error), then conversely, there must be a 95% chance of getting it right. In other words, if risky behaviors result in saved time and money, then individuals are actually more likely to receive positive reinforcement and recognition for their efforts. The result? Individuals and teams will almost certainly repeat the same behaviors next time around.

So in other words, human error is not really an error at all. In most cases it is a deliberate and premeditated choice where individuals and teams willingly take short cuts and risks because ultimately, they sincerely believe this is what they are being asked to deliver. A win-win situation. Good for the company and good for the employees.

So corrective actions that address human error by simply targeting what appears to be the isolated behaviors of a few individuals (nominally those directly involved in the serious safety event), will inevitably fall short, because the problem they are attempting to fix is generally much more systemic. And while offshore companies are very adept at reacting to specific and recognizable performance problems such as equipment failures and downtime, they can find it more challenging dealing with problems (such as human error) which are harder to define and whose roots lie deeply buried in how organizations ultimately measure and reward performance.

So what is the answer? Well rather than continue with more of the same, it may be time to step back and look at designing corrective actions that fundamentally re-examine how safety performance is routinely measured and rewarded. In other words, start shifting the focus of safety performance from consequences to execution. Stop over relying on injury numbers and classifications to paint the whole picture of performance, but actively seek out and measure unauthorized deviations from job plans and documented work instructions regardless of whether they could have resulted in a potential injury or not. In short, did the work consistently get executed as expected and if not, then why not? While this all sounds so easy, if an offshore production facility or drilling rig is on non-productive time, then the combined pressures placed on line supervisors to remedy the situation (whether perceived or real), often act as a powerful influencer to simply look the other way. And as a result, another valuable insight is lost. So do not ever permit your organization (either directly or indirectly) to ever reward behaviors that saved time and money, if a short cut was required to get you there. That in itself only exasperates the problem further.

Such corrective actions, while not tackling human error directly, will undoubtedly allow organizations to begin to better understand the breadth and depth of the challenges accompanying human error. And it is only from this viewpoint that systemic fixes can effectively be designed and implemented and offshore companies can finally begin to achieve the lasting results they increasingly seek.

Avoid falling into the old trap of believing that human error simply starts and ends with a few “bad apples.” Willingly accept and swallow the bitter pill that the behaviors (human error) resulting in a serious safety event, may ultimately be far from isolated and more likely, are simply a recognized and accepted way of how work is routinely performed. So if organizations truly want to “fix” human error by changing behaviors at the worksite next time around, then it may be time to begin by leading with a few different behaviors of their own. First change how performance is recognized and rewarded, and shift the focus of safe work from consequences to execution.

Peter V. Bridle Executive Director Pegasus Risk Management

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'Fixing' human error

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Singapore Tax System – Video

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Dec 082014
 



Singapore Tax System
A coherent offshore tax planning strategy is essential to maximise the effectiveness of offshore companies. Eltoma can assist by structuring the most tax efficient strategy to satisfy your…

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