Sunday, October 29, 2023

A net 30 account is a credit account vendor’s offer to their customers. This means your invoices will be payable within 30 days, interest-free.

 

What is Business Credit?

Business credit assists businesses with financing their operations. Companies can use business credit to purchase inventory, equipment, and supplies. Business credit can also be used to fund a business’s construction or expansion. Using business credit to cover the costs associated with starting a new business is also possible. It is also possible for companies to use business credit to finance the purchase of existing businesses.

 What Is a Net 30 Account?

A net 30 account is a credit account vendor’s offer to their customers. This means your invoices will be payable within 30 days, interest-free.


Vendors that provide net 30-term accounts may report your activities to a business credit bureau, which can help you build business credit. Additionally, you can use them to smooth out your cash flow without taking out a business credit card.

Wise Business Plans offers net-30 accounts as a financing option to small businesses that have been operating in the US for at least 30 days. This provides businesses with the flexibility to purchase products or services on credit and pay for them within 30 days.

To qualify for a net-30 account, there is an annual fee of $99 that must be paid to open and maintain the account. This fee helps to cover the costs of managing and servicing the account.

Worth noting: To qualify for a Net 30 account your business must: 

  • Operate in the United States
  • Have a Tax ID number (EIN) and D-U-N-S number
  • Be established for at least 30 days
  • Not have any derogatory business reporting or delinquencies
  • Have an authorized officer of the organization submit the application

 
How Many Net 30 Accounts Do I Need to Build Business Credit?

Building business credit for the first time requires at least four net 30 accounts per credit bureau. To generate a PAYDEX Score, Dun & Bradstreet requires four trade references. Business credit bureaus such as Experian and Equifax also require multiple accounts and payments.


How Fast Will Net 30 Accounts Build My Business Credit?

They can take 6 to 8 weeks to appear on your business credit reports. First, a few things need to be done. 

Firstly, you must sign up for the Net 30 terms and place an order; Secondly, you must pay off your order; and Lastly, that payment must be reported to the business credit bureaus.



SMALL BUSINESS LOANS - Recommend for startups and existing businesses looking for funding options.

 

Small Business Loans

Recommend for startups and existing businesses looking to gain more insight into funding options available to them.

Know what types of funding sources and institutions are available for your business.


TYPES Of  BUSINESS LOANS


SBA Loans

Small Business Administration (SBA) loans. Includes SBA 7(a) and SBA 504 up to $5MM.

Invoice Factoring

Sell invoices at a discounted price for immediate access to working capital.

Equipment Loans

With equipment financing and leasing, you can get funding for financing your new or used business equipment.

Franchise Loans

Get matched with lenders that cater to Franchisees.

401K Business Loans

Business Credit Cards


Services by Wisebusinessplans 

                https://wisebusinessplans.com/small-business-credit-review/?ref=610     

What do I get with this program?

You will receive a 30-minute consultation with an experienced adviser to provide an overview of your credit situation with business funding recommendations. After the call, you will receive an email with the financial institutions best suited for your situation and where to apply.

Why do you need my personal credit report?

Traditional banking institutions require a Personal Guarantor (P.G.) for anyone with more than 20% ownership in the business.

Who is the program for?

Recommend for startups and existing businesses looking to gain more insight into funding options available to them.

I am a new business, should I apply?

Yes, knowledge is power and startup financing and alternative financing options are available.

What if I am denied lending? What are my next options? Will you help?

If you are declined and need help to restructure your situation, you can purchase consulting hours from Wise to pinpoint the areas of weakness and how to overcome them for future financing.

How much money can you get me?

We cannot guarantee a specific amount of funding your will receive. We are happy to advise you on the best banks, lenders and alternative lending sources based on your particular situation. Funding sources range from $5,000 to $5MM.

Will you apply to banks for me?

No, we cannot apply on your behalf. However, we can provide the sources based on your situation to apply to the banks directly.


        https://wisebusinessplans.com/small-business-credit-review/?ref=610     

 

Friday, October 27, 2023

Startup Visas: The fastest and best Visa Option for entrepreneurs and business startups. 36 countries offer startup visas.

 

Startup Visas: The fastest and best Visa Option for entrepreneurs and business startups. 36 countries offer startup visas.

Startups give economies a huge boost.  Nations all over the world understand this. In response, governments are providing startup visa programs that expedite citizenship and residency. These initiatives, sometimes known as entrepreneur visas, are designed for those with strong entrepreneurial spirit and innovative ideas. These nations are aware that supporting a startup culture can aid in the education and development of regional business owners. Fortunately, a number of these visa programs come from the top business-starting nations worldwide. Promoting that culture can be greatly aided by foreign business owners who make a commitment to their new community. 

Prepare a business plan and submit for approval to the relevant authorities, if approved you will get a startup visa and help from all the resources available in that country. This is the standard mandatory procedure. 



    Country                    Program

Austria

Red-White-Red Card for Start-up Founders

Cyprus

Cyprus Startup Visa Scheme

Denmark

Start-up Denmark

Estonia

Estonia Digital Nomad Visa

Estonia

StartUp Visa Estonia

Finland

Start-up Entrepreneur Residence Permit

France

French Tech Visa

Georgia

Remotely From Georgia

Germany

Self-Employed Residence Visa

Ireland

Start-up Entrepreneur Programme (STEP)

Italy

Italian Startup Visa

Latvia

Latvia Startup Visa

Lithuania

Startup Visa Lithuania

Netherlands

Dutch Startup Visa

Portugal

StartUP Visa

San Marino

San Marino Startup Visa

Spain

Entrepreneur Visa Program

Sweden

Self-Employed Residence Permit

United Kingdom

Innovator Visa

United Kingdom

UK Start-up Visa

 

North America

Country

Program

Canada

Entrepreneur Program Stream 1

Canada

Entrepreneur Program Stream 2

Canada

Start-up Visa



 Asia

Country

Program

Japan

Japan Startup Visa

Malaysia

Malaysia Established Entrepreneur Pass

Malaysia

Malaysia New Entrepreneur Pass

Singapore

EntrePass (Entrepreneur)

Singapore

EntrePass (Innovator)

South Korea

K-Startup Grand Challenge

Taiwan

Taiwan Entrepreneur Visa

Country

Program

Argentina

IncuBAte

Brazil

Start-Up Brazil

Chile

Startup Chile

Columbia

Ruta N

Jamaica

Start Up Jamaica

Mexico

Startup Mexico


 Australasia

Country

Program

 

 

Australia

Business Innovation and Investment Visas

 

 

New Zealand

Entrepreneur Work Visa

 

Caribbean 

Country

Program

Anguilla

Work From Anguilla

Barbados

Welcome Stamp

Bermuda

Work From Bermuda Certificate

Cayman Islands



Global Citizens Concierge Program


Entrepreneur Visa vs Startup Visa

Entrepreneur visa: residence permit for the purpose of operating a new or existing business in a country. Entrepreneur visas are granted to qualifying applicants who can enrich the economy through value and job creation. Entrepreneur visas are often, but not always, granted through sponsorship by an approved business or economic development organization.

Startup visa: residence permit for the purpose of starting a new tech company in a country. Startup visas are granted to qualifying applicants who can enrich the country's innovation economy through value or job creation. Startup visas are often, but not always, granted through a government-appointed startup incubator


Monday, October 16, 2023

Open a business company in Estonia (Schengen country). Do it yourself DIY: procedure explained step by step

 

Open a business company in Estonia (Schengen country), the most advanced digital country in Europe. Apply online from anywhere worldwide. Join the e-Residency community of 100,000 from 176 countries.





Step 1: Apply online and receive your residency identity card in 5 weeks. Govt. fee: EUR 100/- 

Step 2: Formation of the company; government fee: EUR 245/- within 3 weeks. Visit ESTONIA or apply online remotely.

ESTONIA is a – Schengen Country – the most digitally advanced country in Europe. 

How I got my E – Residency Identity Card. Procedure explained. 

I travel most of the year. I work online, so I do not need to go to an office.

I discovered the Estonian E – Residency program. After a ton of research, I decided that I would apply to become an E-Resident of Estonia, like 100,000 e – Residents from 176 countries worldwide.

Why Estonia? Their E-Resident program provides access to a border less digital nation. They are like the Silicon Valley of Europe. They are the most digitally advanced society in the world. Apart from being  an advanced digital nation, being an E-Resident would allow me to run a company remotely (since I now travel the world full-time) and utilize banking services within the EU. This means my business would have all the benefits and protection the same as any EU company. Plus, it would be easier to deal with businesses globally with all the fintech solutions available for an EU-based business.

1st Step to Apply for E – residency IDENTITY CARD



How to apply for E - residency ESTONIA

The application is online and quite simple and it took me less than 15 minutes to do. Just follow the instructions and upload a copy of your passport and a some documents. Answer a few questions. There are several locations worldwide (Estonian embassies) you can choose for your pickup location and I selected Ankara - Turkey. 

There are many pick up points: Abu Dhabi - Egypt - China - Kazakhstan - India - Singapore - South Korea - Bulgaria - Croatia  - Romania - Slovakia - Georgia - Germany - Spain and many more. 

One of the questions asked in the application form is “Describe your main motivations to become an e-resident”. This has to be perfect; your success depends on it. So I hired someone to do this for me – aryline380@gmail.com and she gave me some tips to upload my documents and evaluate my CV. She also walked me over the application form by sending screen shots of the complete application form. She is a professional, so she did it very well. The official application fee for me was Euro 100 + Euro 20, so I successfully paid through my Visa Card online.  Note: The official fee may differ a little, it depends on the pickup location.



    

HOW TO GET THE CARD

It took me 5 weeks to learn that my resident card was ready and that I could finally pick it up. To obtain my E-Resident card, I went to the Estonian Embassy in Ankara - Turkey. No questions were asked; it only took ten minutes.



Key Benefits of Registering your Company In Estonia

  • Tax burden reduction. The main advantage of having a company registered in Estonia is a zero tax on undistributed profit. The tax on distributed profit is 20%. Please bear in mind that Estonia is not considered an offshore jurisdiction nor a tax haven so your Estonian company will be a reputable one. 
  • More opportunities for reinvestment. As you do not have to pay any tax on undistributed profit, you are going to have more money remaining for reinvestment into the company development. This will give your Estonian-domiciled company a serious competitive advantage. 

The second step is company formation, which has a formal fee of EUR 245/-

The establishment of a company is the subsequent step. At this point, you might want to travel to Estonia, arrange a meeting with a company that provides formation services, and go to a bank to open an account. 




STAY HOME—open a company remotely.

Or simply stay home and hire a formation company provider based in ESTONIA approved by the Government of Estonia.  I strongly recommend iOffice 

based in Estonia. They are one of the cheapest and most efficient with a large staff, where everyone is welcome.





Noteable: Mandatory for Company Formation

  1. Virtual Office
  2. Contact person
  3. Bank account

I hired an iOffice company for their services. They are based in Talinn, Estonia. Meet Miss Darja; she is very helpful and will take care of everything. If you visit Talinn, book a room in a hostel or pension rather than a hotel. These are much cheaper.

This is a guest post as narrated by the author. Original documents have not been published for privacy purpose. If you have questions, feel free to share on comments. The answers will benefit all readers. 



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See these 3 Apps to boost your business to the next level

Business success is assured - remarkable applications that can grow your business The top 3 apps to download are "Refer a Friend," "Affiliate Program," and "Call Center Support." Integrate on Facebook and websites. Quick and simple installation. Methods that no one will share.

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Ready to Start a Business in the USA as a Non-Resident?

Start a U.S. company from anywhere. You don't have to be a U.S. citizen to form a company in the USA. Even non-U.S. residents can easily form a company without being physically present in the USA. You are eligible to apply for an ESTA, E-1, E-2 or EB-5 visa or Green Card (whichever is more appropriate). Globalfy based in US, can assist you in forming a company in any 50 US states in 5 minutes.

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