Bulgaria is one of the most diverse countries in Europe with a deep rich history, fast-growing economy, unique culture, and a very friendly population. It is also a relatively cheap country to live in compared to other European countries. That is the reason why major cities in Bulgaria like Varna, Sofia, and Plovdiv have a large number of expatriates. It is also a beautiful country with plenty of breathtaking national parks, landmarks, beautiful beaches, mountains, and much more. If you are considering making Bulgaria your home for life for a certain time, you need to know how to open a bank account.
Opening a bank account in Bulgaria?
The question that you are probably asking yourself right now if you are thinking of opening a bank account in Bulgaria is whether the process is easy. Opening a bank account in Bulgaria is very easy for residents. All you need to create an account in Bulgaria as a resident is present yourself at your preferred back near your location and have the following documents:
- Original copy of your national ID card or a valid passport
- A valid address
- A certificate of good conduct
- Minimum deposit depending on the bank’s policy.
If you present yourself to the bank with all these documents, You will open an account in a little as 20 minutes if you are a resident.
For non-residents, opening an account in Bulgaria is quite challenging but possible. In 2018, the Bulgarian government made changes and put in place stringent measures to prevent making their banks a haven for fraudsters and criminals. This has made it quite challenging for foreigners to create a bank account in Bulgaria.
Changes made in 2018
By the end of 2018, the Bulgaria government made some changes that made it challenging for foreigners to create an account as it used to be in the past. Having a valid Bulgarian address, a valid passport and a certificate of good conduct are not of much help to non-residence. In fact, from our own experience, we have found out that bank officials are not interested in any of these documents. The new changes that have been put in place require foreigners to meet the following conditions to create a bank account in Bulgaria.
- The person must have a valid permanent residency card.
- The applicant must be of remarkable character, of exceptional international reputation, and well known to the bank. Officials in the bank will conduct due diligence before accepting the applicant’s request.
- The person has to be referred to the bank by a person of exceptional character who will be able to help the bank conduct due diligence according to know your customer (KYC) standards.
Why it is now difficult for foreigners to create a bank account in Bulgaria?
The are many reasons why the government made drastic changes in the banking sector that have made it difficult for foreigners to create an account in Bulgaria. However, out of all the reasons, the two most important reasons why these changes were made is because:
- To prevent fraudsters and criminals from accessing banking services.
There were several incidences of foreigners hiding their ill-gotten wealth in Bulgarian banks. The government wanted to put this to an end and that is why they made these changes. They created a new system where banks were required to conduct due diligence and know their customers better before allowing them to create a bank account.
- To help reduce the workload
Locals are only required to present a few things when opening a bank account. However, that is not the case with foreigners. One of the main challenges that Bulgarian banks face when it comes to foreigners is the language barrier. A recent report revealed that residence in Bulgaria take about four minutes in the bank while foreigners take about 40 minutes. These new rules were put in place to help reduce the huge workload in banks.
In conclusion, opening a bank account in Bulgaria for foreigners is challenging but possible through Company Bulgaria ltd. If you are a foreigner trying to create a bank account in Bulgaria, we advise that you seek help from a reputable agency.
Verified Sourcing Services in Hong Kong & China – A Service With a Security Team
Digitpol’s business & inspections unit in Hong Kong provides secure and verified sourcing services in Hong Kong and mainland China. Since 2013, Digitpol a Dutch company has provided inspections services from its local Hong Kong offices to clients globally ranging from IT to shipment matters, one of the challenges we discovered over many years is the on-site Inspection and Quality Control of goods purchased for export and monitoring of from manufacturing to shipping containers. Our sourcing services cover assistance with purchasing products in Hong Kong and China, support with finding authentic suppliers within Hong Kong or China, assisting with custom manufacturing and when products are developed and ready for shipment, we provide an on-site visit to the manufacturing plant to carry out an inspection and quality control on the products. When all is on order, we often place GPS trackers inside the products so our clients can track the shipment. In cases related to high value products been exported from China to Hong Kong by road, we often provide the transport with an agent accompanying the transport or a security escort.
For all matters related to sourcing in Hong Kong and China, Digitpol can assure a verified and secured service is deployed from dealing with your supplier to tracking the cargo. In all cases, we deploy people on the location and we deal directly with handlers, suppliers and container shippers.
Our business & inspections unit handles everything with security and forensics in the mindset, our background enables us to think ahead and with risks therefore we are certain we can provide a high quality of service.
Our sourcing services cover assistance with purchasing products in Hong Kong and China, support with finding good suppliers within Hong Kong or China, this can include negotiating prices on your behalf. We arrange these services in person to ensure the deal is authentic and safe. If your product is a technical or IT product, your in the right place, IT is something we know as experts.
Support with finding verified and safe suppliers within Hong Kong or China, we can meet with your current supplier and resolve any issues or hold meetings to ensure the supply is going to plan, our aim is always to ensure the supply is authentic, safe and reliable, this can reduce delays, loss of shipment or unexpected price increases.
Inspection & Quality Control
When your products are developed or your order is ready for shipment at a manufacturing plant in Hong Kong or China, we provide an on-site visit to the manufacturing plant to carry out an inspection and quality control on the products. We ensure that all is designed or built to the exact specifications on the order and we test according to your requirements the quality. We also check the packing and cargo is correct.
We provide inspections on cargo in Hong Kong and China, specific to goods that are manufactured and ready for export, we often place GPS trackers inside the products so our client can track the shipment. In cases related to high value products been exported from China to Hong Kong by road, we often provide the transport with an agent accompanying the transport or a security escort.
Digitpol told one of the reasons our business & inspections unit decided to offer sourcing services in Hong Kong and China is due to the amount of fraud online and Digitpol seen the volume of cyber complaints, the COVID played a large part in the demand for products. Digitpol’s CEO told we had to assist our existing clients by helping them on the ground with suppliers and shipping, we have now mastered this and we do it with security and anticipating risks in the mindset, we also use a lot of technology to ensure all goes well with shipments, this involves covert trackers in the cargo and security in the containers.
Digitpol advises the public to be vigilant on the internet and to double check all facts before making any purchases, if your unsure ask us for support.
Contact Digitpol’s hotlines or respond to us online.
Company Headquarters: Digitpol BV, HNK, Boogschutterstraat 1 – 43, 7324AE, Apeldoorn, The Netherlands
United Kingdom Office: 20 – 22 Wenlock Road London, N1 7GU U.K
Hong Kong: Tung Wai Commercial Building, 109-111 Gloucester Road, Wan Chai, Hong Kong
Phone: UK: +44 20 8089 9944
Phone: Netherlands: +31558448040
Phone Hong Kong: +85239733884
6 Top Forex Traders that Inspires you
Whether you are looking to start up trading or you are already an experienced trader in the foreign exchange market, you all have similar aspirations at the end of the day; we all want to become successful in the currency markets.
Different types of traders are looking for success in the industry. Success in the trading industry could turn a lucrative income stream from individuals to professional forex traders if you master the skills well.
One of the key aspects to success in this sector is learning by example. An excellent way to achieve this is by discovering those who are doing the best in the game. So, who are those that are doing fantastic in the forex trading industry?
There are millions of traders worldwide. However, some have achieved immense trading success and have mastered the skills to generate profits from the market repeatedly.
What it means to be successful Top Forex Trader
As we have seen before, people can define success in Forex trading in many different ways. The most common attribute given to successful Forex trading is an individual’s consistency in profits. However, there is always something more for traders which we can use to benchmark their success in the market.
Therefore, there is no one key strategy for success in the forex trading world. The most fundamental skills successful traders use are the carry trade strategy, moving average crossover, and breakout strategies and some of the traders in the list below offer some of the best forex trading course around.
When talking about traders being the best in the Forex Trading Market, there are certain key features one should look for before considering one as a top trader. They include profitability, consistency and also the size of their accounts.
A successful trader will have a user-friendly and exchange platform from the best forex brokers around. It allows any user to navigate easily without requiring much support, whether a beginner or experienced trader.
So, who are some of the most successful traders? In this article, we look at the successful traders and what exactly inspires their trading success.
6 Top Forex Traders
#1 Ezekiel Chew
Founded by Ezekiel Chew back in 2008, Asia Forex Mentor remains formidable in the foreign trading markets. Known for offering insights into live forex markets, the trader allows beginners and experienced investors to access the resources they need in the Forex Market.
A well-known, recognized figure in the world of Forex trading, Ezekiel Chew has earned tremendous success in foreign trading. He offers specialized training courses to thousands of forex traders both locally and internationally.
“I’ve trained bank traders, forex traders working in trading institutions, investment companies and also impacted thousands of retail traders lives,” said Ezekiel Chew- Founder and CEO, Asia Forex Mentor.
This trader has marked unprecedented steps, having established one of the best trading systems that have generated millions of dollars so far. To ensure both beginners and experienced traders achieve their goals in trading, Ezekiel Chew offers coaching and mentorship to students across the world, which provides they are well-incorporated in the system without making major losses when they start trading.
Key features for the success of Asia Forex Mentor
Firstly, with years of experience in the trade market since 2008, Ezekiel Chew has learned what it takes to become a successful forex trader.
“When I say I know my stuff, and I train the professionals, it’s true. Because it’s not often you hear of a trader who makes 6 figures a trade,” said Chew.
Secondly, Asia Forex Mentor has the best and most effective trading approach in the region. His ROI-driven approach is arguably the best learning destination for anyone looking for success in the field of fore trading across the world.
“On a normal day, there will be 3 out of 5 traders who come to us having some good years of trading experience,” said Chew. He also adds that “Our approach to trading is built on that fact to achieve a higher mathematical probability of winning and ‘out-edging’ the market using our proprietary system.”
With a powerful success story, Asia Forex Mentor’s Traders is boldly the most successful with a proven track record in the forex trading industry.
#2 Rakesh Jhunjunwala
Rakesh is one of the best-known Forex traders in Indian history. Ranked 48th richest person in India, Rakesh started his trading career as a college student. He had since risen through the ranks, having started trading with only $100 when Bombay stock exchange valued at 150.
Things have since changed drastically, and while the Bombay stock index is estimated at 34,000, Rakesh stock is estimated to be over a billion.
#3 Vladimir Ribakov
The founder of Trader Club Academy, Ribakov, is a leading trader in the foreign exchange market. Having gained 12 years of trading experience, the trader offers online trading education and coaching to improve the trader skillset.
The trader is also well-known for his strict transparency policy, which he offers a lesson for traders on his official website. As a good attribute for successful trading, this feature gives Ribakov a plus in authenticity for his trading operation across the world.
#4 David Bily
The CEO of VantageFX founder of Moneta Markets enjoys a successful trading career after his breakthrough in MetaTrader of 4 and 5 market two years ago. These two levels, MT4 and MT5, arguably represents the largest demographic in forex trading.
Having been in the Forex trading business for more than a decade now, Bily has gained consistency in his trading and no doubt having the best returns from his trades.
As a professional trader and international broker, he offers training and forex trading advice to beginners and experienced traders. He insists on elaborate risk management and discipline when doing forex trade.
The experience and success he has had so far in the business has helped him introduce Moneta Markets to Vantage FX. It is a game changer in the forex trading, having grown the number of clients, trade volumes, deposits, and finances in the Vintage FX system.
#5 Nick Syiek
He is the founder of A1 trading company as well as a famous online influencer on Youtube, Instagram, and Facebook. The company provides live market coverages and services to forex traders. It also show his journey in trading through videos, which helps both beginners and experienced traders to understand success and failures of trading.
With an up-to-date information about the foreign markets, Nick and his team give experienced trading advice through their media channels. With this, the founder of A1 is assured of making enormous difference in foreign financial market to create wealth for aspiring forex traders.
#6 Cristopher Guzman
Guzman is the founder and CEO of KickStart Trading Limited. He doubles up as an instructor, trading coach, and course developer in the forex trading industry.
Guzman has taught thousands of Forex trade investors across different parts of the world as successful Forex traders. He is well-known for his consistency in the foreign trade market.
The main aim of forming KickStart was to build a team of forex traders. He did this by setting up three key pillars: education, application, and funding, which later became critical for his development.
Now that we have looked at the leading forex traders of our time, what are some of the notable attributes that would bring them this kind of success?
We all can note from the above descriptions that they all don’t accept losing. This aspect does not necessarily mean they never make losses in their trading. No. There is probably no trader who does not incur losses in their trade. However, how each one of us perceives those losses is what matters.
Most starters look at losses as a bad thing. It is just a way you made a mistake during your trading journey. However, to be successful, we must do something to overcome the tendency of losing.
Like the Ezekiel Chew and other success stories from these traders, we need to learn to stick to our strategies until we master the skills of successful forex trading. Therefore, embrace the journey. Even those who have made it have had a lot to learn.
Pay Equity Best Practices
The issue of pay equity has nearly become a movement, such is its sweep over the country. Make no mistake: it is going to visit your organization — if it hasn’t already. So why not get ahead of the situation? Here are some pay equity best practices.
Women earn 78 cents for every dollar earned by a male. What’s more, women, as well as people of color, are less likely than men to hold high-level, high-paying jobs. The good news is that there are steps your company can take to narrow, if not close, the wage gap.
Clean Up Your Hiring
For one, stop asking candidates about their salary histories. In fact, many states have already put in place laws that bar employers from some inquiries. Other states are planning to do so, and for good reason: what a person made on their last job has nothing to do with whether a person can handle the position for which they’re applying. What’s more, the question perpetuates gender discrimination in pay through de facto wage suppression as employees change jobs.
So, when there’s a job opening, first determine the salary. That salary is what you’ll pay your new hire, regardless of race or gender. If you need help with pay equity best practices, you might want to contact a human resource specialist such as Mercer.
You should also make your job descriptions and titles neutral by removing gender-specific references and pronouns and focusing instead on work-related requirements and experience. Likewise, it’s also a good idea to remove discrimination from your job screening questions so that women and people from diverse backgrounds have a fair shot at getting the job and at equitable pay.
Assess the Company Culture
Before tackling equal pay issues, you must first attend to any structural issues affecting your organization’s culture. Perhaps the company has an unwitting bias against hiring, promoting, or compensating female or diverse applicants equally. If it does, find an executive sponsor to back you on equal pay and ask them to champion company pay initiatives. You should also provide data to show how equitable pay helps retention, lowers the risk of lawsuits, and improves the bottom line. Further, be sure to include women in your hiring decisions.
Review Your Employees’ Compensation
After you’ve scrapped inequity upon hiring and have secured a sponsor to help with pay issues, it’s time to review your current payroll. You’ll need to gather data, create a spreadsheet or report, study the data for patterns, and highlight trends. Note that patterns or trends don’t necessarily mean something’s wrong – they merely show a finding that’s different than expected.
Coming across some unexpected data or trend will prompt you to look closer. As you do, ask yourself questions like, “Why are our new male IT people getting paid more than the experienced females in IT?” “Why are females making just 72% on average of what males are making?” It’s best to answer these questions yourselves before an employee files a grievance.
Correct Individual Issues
It’s a fact: hiking the pay of underpaid employees can result in a big hit to your payroll. However, two people in the same job within your own company simply must be paid equitably. Get any fixes done quickly and let the company begin to heal from uneven pay practices.
Address Systemic Issues
An effective way to ensure equitable pay is to establish a pay program that’s based on jobs and career levels. Using such a program, you can start to educate your managers about what to offer for salary hikes based on preset criteria. Also, rather than raising salaries based on managerial recommendations, consider providing measurable performance-based raises.
Now you know a lot about pay equity best practices. Don’t ignore the situation at your company.
Using presentation boxes will create a trend on the market.
Why don’t you want to find out what most attracts the customer? It does create some mystery! Is there anything one should emphasize about their product? That’s been on my mind for some time! My conclusion is that your product needs to be unique in the industry by following some procedures. As far as I have seen, shoppers prefer products with perfect presentation boxes! You must understand the psychology of the buyers in order to create the most optimal packaging!
Presentation boxes: How are they useful for displaying goods?
Having jewels or gold items on display can be difficult. However, presentation boxes can help you achieve this objective effortlessly. This means they provide both the necessary care for your goods and the opportunity to customize their packaging so that they look great.
Design a presentation box with Prime:
It is imperative that you identify which segment of the target audience you plan to target before you start customizing your packaging. A high quality product such as a gold watch can be out of reach for individuals with low incomes. In order to make sure you are able to entice the elite class of buyers, you must customize your boxes appropriately. Adding design to your presentation box will require that your packaging expert ask you if you would like it. You must provide an eye-catching design on your packaging to make your packaging appealing to your buyers. In this way, you will be able to make your packaging more appealing to new consumers.
When choosing raw materials, make sure you do the following:
It is important to select the right material for your packaging in order to get the best wholesale custom made presentation boxes. Having the ability to customize your product allows you to choose the best material for your needs. In order to make these boxes, many companies use cardboard or corrugated board. Custom containers tailor-made from these materials provide the best durability and characteristics, making them ideal for packaging.
A number of preferences are available for add-ons.
There are many options when creating a custom presentation box, including the lid style, fabric lining, and insert. As well as customizing them to suit your product specifications in depth. Depending on your preferences, you can select from a wide assortment of ornamental accessories for your box. Adding ribbons, tissue papers, tags, and other embellishments will make a package stand out. A detailed description of the box should be provided along with the box’s dimensions and materials. A decision needs to be made regarding what components should be included on the lid as well. Moreover, you should determine your budget.
How to Put Your Thoughts into Packaging
A presentation box makes an ideal way to showcase your goods or ideas. Your item will look great in these packaging solutions, and the presentation packaging will make it stand out. If you’re arranging an event, planning a debut, or setting up an exhibition, the goal is to demonstrate the quality of your product. Presenting it well can make a significant difference in its popularity and sales. A variety of presentation boxes are available with different types of textures, shapes, and designs.
For more details visit: https://www.customboxmakers.com/Custom-Boxes/Retail-Boxes/Presentation-Boxes
What role can wholesale packaging firms play in helping?
It is crucial to have inexpensive packaging, as I said above in the article. When choosing a presentation box manufacturer, ensure they provide wholesale services as well. You can be cost-effective and also attractive by utilizing those services! Following that statement, let’s discuss how you can receive a rate that is affordable for you. You need to have an order of 300 or more in order to qualify for wholesale! A readily affordable rate is what you will receive once you qualify!
As a bonus, you can also get some free services if you purchase presentation boxes wholesale. They will help you create attractive packaging at an affordable price, while at the same time making your package more affordable.
Your packaging must be attractive to gain your customers’ attention if you intend to sell your goods. Graphic illustrations are one of the most important parts of packaging that makes it appealing to the eye.
A captivating visual can have nothing to do with your product.
Further, if you choose wholesale packaging solutions, you will receive them for free. Getting free graphic design services when you buy wholesale boxes can make you more attractive and different from your competitors. In addition, they will provide you with a number of templates from which you can choose to emboss them.
Shipping and printing boxes are custom-made for use mainly for shipping. Since shipping and printing require the most durable materials, they use those designed for these purposes. In addition, shipping is well known to be a cost-prohibitive procedure. If you purchase wholesale presentation boxes, you can take advantage of the free shipping. So you won’t have to pay a penny for shipping, our wholesale packaging experts will ship your items for free. As a result, it would be appropriate to say that a custom presentation box can provide you with many benefits, making the packaging you use suitable for attracting and retaining customers. For your business to stand out from your competitors, I recommend you to use presentation packaging.
Several options for printing are available.
As a result of these achievements, you can create packaging for any product. Now, custom made presentation packaging is also available in various shapes and sizes, in addition to color printing. By customizing the packaging, you can create something memorable and unique. To match your favorite presents, you have access to different textures, materials, sizes, and shapes. The presents can also be custom-designed both from the inside and the outside. Inside the boxes can also have an individual design? Choose cardboard, linen satin, or fabric with a decorative border to line your bag if you want it to be sturdy. The addition of features, such as a decorative mold, makes your item more appealing.
Features of Great Cargo Transport Services
Industrialization started it all; globalization completed it. These days, there is no end to the extent cargo can travel. With the entire world shrinking to a tiny market, no one can predict when a requirement will pop up to ship an important consignment to the remotest and most far-flung area in the world. Therefore, it is only natural that logistics experts say that the world has become a place without borders. Transport across all sorts of the terrain is not only possible but also widely available. Without such facilities, it would seriously cripple business in the modern world.
To rise to the challenge, it must say in favour of reputed cargo shipping agencies that they are leaving no stone unturned. They make use of deep-sea container terminals, if necessary. They use equipment like forklifts, container handlers and climate-controlled storage facilities. The quality and expertise of the world’s greatest cargo charters transport service are always being revised, and better alternatives are being unearthed time and again.
Whether you are an individual shifting base or a company expanding or moving offices, it cannot minimize the need for quality cargo transport services. As customers, clients and businesses demand timely and accurate cargo delivery; transport services have no choice but to deliver. To this end, they need to do much more than take the shipment and provide delivery.
Reputed cargo transport services offer many facilities like:
- End to end global shipping of cargo
- Monitoring and transporting of materials
- Proper management of cargo from the place of origin to the destination
- Intermodal transportation to ensure that the cargo is shipped most easily and quickly possible. This is an important part of successful supply chain management, and it also contributes to shrinking the overall cost of the project.
- Proper storage facilities
- Supervision of unloading and loading
- Excellent freight maintenance
- Reduced cost through route optimization and efficient operation
- Accurate and complete documentation services
- Friendly staff that can help clients with any query and concern
- World-class supervision facilities, including the safekeeping of hazardous, sensitive cargo
- Post shipping services like job-site unloading and checking
Effective supply chain management is an important aspect of any heavy machinery transport service. Reputed companies make it a point to supervise every part of the process. Only a cargo transport service can provide a seamless solution where international production lines can function smoothly and seamlessly.
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