Moving to Portugal Forums

Entertainment Work Wanted

MrsLobStar — Tue Aug 25, 2009 4:59 pm

Author: MrsLobStar

Posted: Tue Aug 25, 2009 4:59 pm

Hi there

Myself and my husband are intending coming to Europe/abroad for September 2009 to work, with a view to securing work for the whole of the summer season next year.

My husband is a top-class all-round entertainer, and has been his entire life. As long as there is a mic in his hand and/or a camera on him, there is nothing he can’t do, or WON'T do..........entertainment-wise!

With a long career including stand-up comedy, compering, karaoke hosting, DJ-ing, singing, songwriting, modelling, acting, .........you name it, at some point in his life he has done it! And always to a very high standard. At present he owns and runs his own DJ/karaoke/entertainment company (starliciousentertainment), performs as a Jamiroquai tribute act - solo and with full band (Jamirrorquai) and runs comedy nights.

I can provide CVs with recent photos on request.

I have not been involved in the entertainment business, having worked at the same office since leaving school, however, I do lean more to the artistic side of things and I currently own and run my own face-painting business and have previously done acrylic nails and manicures. Having said that, however, I am extremely flexible in the sort of work I can do and am willing to learn new skills to enable me to adapt to any available positions. And I have a little experience of living and working abroad having worked the summer season in Ibiza 8 years ago. And I also regularly help out my husband with kids parties, quiz nights, etc.

We would be looking for employment for the whole month of September 2009. For this year, I can only be there for the month/4 week period, give or take a few days either side (having taken from Friday 28th Aug - Tues 1st Oct off work on holiday), however, being self-employed, obviously my husband can be more flexible with dates.

If anyone has any positions available, or knows of anyone who has, your help would be much appreciated.

Thank you
Mandy (and Mac) Star

Hi to all at the forum

omostra06 — Wed May 06, 2009 11:50 am

Author: omostra06

Posted: Wed May 06, 2009 11:50 am

Hi and welcome to the forum

full time job offer in central portugal

omostra06 — Thu Apr 02, 2009 11:19 am

Author: omostra06

Posted: Thu Apr 02, 2009 11:19 am

We are offering a full time position for an English speaking person to work in our Tomar office, must have good computer skills, customer skills, and work to a very high standard. We are looking for someone serious about working full time in a busy environment.
Speaking Portuguese and other languages would be useful but not essential.
Please apply by post or by email to

Chavetejo Mediação Imobiliária Lda
Av Norton Matos, 34A
Tomar
2300-438
Portugal

or
derek@chavetejo.com
00351 918 479 978

hello to all at the forum.

omostra06 — Fri Mar 27, 2009 3:29 pm

Author: omostra06

Posted: Fri Mar 27, 2009 3:29 pm

hi and welcome to the forum

Thinking of moving to Portugal? Looking for work?

huguinho — Mon Mar 09, 2009 9:56 am

Author: huguinho

Posted: Mon Mar 09, 2009 9:56 am

Hello there,

I am a professional CV Writer and Translator based in Cambridge.

I can translate and write your CV in English/Portuguese. If you are thinking of moving to Portugal, then you'll need to have an updated CV, translated into Portuguese.

The first thing that any potential employer will learn about you is from your CV and first impressions are important! I can compose an outstanding CV on your behalf which will really sell you as a candidate to the employer. What with the recession it has never been more important to have a great CV as there are now many more applicants for each vacancy as a result of the recent job losses.

I offer 3 services:

1. CV editing/Translating- English/Portuguese - This is for those of you who have a CV already and would like it improved. I will review your CV and correct errors and may change the way in which it is written so that your CV reads better, as well as increasing the range of vocabulary used if necessary. For this I charge just 12 Pounds.

2. CV writing/Translating, brand new CV from scratch - This is for those of you who do not have an up to date CV. I will send you a questionnaire which once complete I can use to compose your professional CV. It will be arranged in a way which makes it pleasing to the eye and easy to navigate. The wording will be structured using good Portuguese/English and all necessary components included. The CV will then be emailed to you. The charge for this is 16 Pounds.

3. Covering Letter - Portuguese/English - 6 Pounds.

If you're interested in my service, then please let me know.

For further information please do not hesitate to contact me by email: hugo2177@hotmail.co.uk

I look forward to hearing from you,

Regards,

Hugo.

Business opportunity

omostra06 — Fri Mar 06, 2009 3:57 pm

Author: omostra06

Posted: Fri Mar 06, 2009 3:57 pm

Hi Ryan, good luck with the business

Just wanted to say hi to all at the Forum

omostra06 — Fri Mar 06, 2009 3:54 pm

Author: omostra06

Posted: Fri Mar 06, 2009 3:54 pm

Hi and welcome to the forum.

Homeworking in Portugal-will it work

omostra06 — Fri Mar 06, 2009 3:52 pm

Author: omostra06

Posted: Fri Mar 06, 2009 3:52 pm

It may be easier to find work closer to big towns or Cities, also if you dont know the lingo, try finding work in the touristy regions.

Job enquiry

kiriacos — Wed Nov 15, 2006 11:31 am

Author: kiriacos

Posted: Wed Nov 15, 2006 11:31 am

[b]I am a Greek citizen and I am planing to live in Portugal in the area of COIMBRA as I will get married there. So I am looking for job in Portugal in an export company which may have relationship with Greek customers. I am working now in Greece as sales and imprt manager in one electrical industry with OEM production and I have very good knowledge of the international comerce and logistic system. I am working in this position for 6 years. My interested areas in Portugal for Job offer is COIMBRA ALGARVE FIGUEIRA DA FOZ or LERIA. I speak fluently ENGLISH GREEK .
My studies are on the chemistry of oil
For more informations please sent me your answers in kriacosp@yahoo.gr

EMPLOYMENT IN PORTUGAL (Getting a Job)

Portugal Info — Thu Oct 26, 2006 4:47 am

Author: Portugal Info

Posted: Thu Oct 26, 2006 4:47 am

EMPLOYMENT IN PORTUGAL (Getting a Job)

If you come from the UK or one of the countries that make up the European Economic Area (EEA) which are the 25 member states as well as Norway, Iceland and Lichtenstein and you’re considering working in Portugal you have exactly the same rights as Portuguese nationals when it comes to employment.

If you have an understanding of Portuguese and have your qualifications translated by the National Academic Recognition Information Centre into Portuguese equivalents before travelling to Portugal to seek employment you will find the task of locating a job all the more easy.

Those wishing to find work in Portugal can go about the task in a number of ways. Firstly you can begin before you actually move to Portugal by using the internet to search for suitable vacancies or potential employers. You can also contact local and Portuguese employment agencies and present them with your CV and covering letter which should details the types of work you’re qualified for and are seeking.

Once you move to Portugal you can also make use of the Portuguese employment service or Centro do Emprego which is a government agency and where you’ll find details of jobs available, training courses you’re eligible for etc.

Once you move you can remain living in Portugal for up to three months so long as you have a valid 10 year passport and are from one of the EEA countries as previously mentioned. After your three months are up, if you wish to remain living and working in Portugal you have to apply for your residency permit which is called an autorizaca de residencia and which can be obtained from the local Servicio de Estrangeiros e Fronteiras. Furthermore you should ensure you carry an ID card at all times and forms for the application of a Portuguese ID card can be applied for from your nation’s consulate offices and should be submitted to the local council.

With all your permissions in place you’re free to continue working in Portugal or seeking employment. If you become resident and fully employed in Portugal you will have to pay income tax and for this you will need a tax number or Carta de Contribuinte which you can get from the local tax office.

Other important employment facts and issues to bear in mind - in Portugal there is a minimum wage, you cannot legally work over 40 hours a week, holiday entitlement is a minimum of 22 days annually and if you herald from one of the EEA countries as previously detailed you are entitled to set up a business and become self-employed in Portugal.

The National Academic Recognition Information Centre will translate qualifications into their Portuguese equivalents but when it comes to professional and occupational qualifications there is another system in place for the mutual recognition of qualifications in all EEA countries to remove the need for any professional to have to re-qualify to work abroad. The system is known as the General System for Mutual Recognition and you should apply for assessment if you wish to continue you in your profession when you move to Portugal.

Moving abroad is a large undertaking; laws, customs and the entire way of life in Portugal may well differ greatly from what you are used to. But don’t be discouraged from living your dream of a new life in Portugal, just arm yourself with as much information you can about Portugal and the Portuguese way of life before you move and keep as open a mind as possible so that you can immerse yourself in your new life and quickly settle down in Portugal.

If you’re going to be working in Portugal you will soon make new friends, contacts and business associates and chances are you will be in an environment where you can practice and improve your Portuguese language skills and this will help you greatly in your day to day life in your new country.

DOING BUSINESS IN PORTUGAL

Portugal Info — Thu Oct 26, 2006 4:44 am

Author: Portugal Info

Posted: Thu Oct 26, 2006 4:44 am

DOING BUSINESS IN PORTUGAL

STARTING A BUSINESS

STANDARDIZED COMPANY
Legal Form: Societate cu Rãspundere Limitatã
Minimum Capital Requirement: 5,000
City: Lisbon

Registration Requirements:

Procedure 1. Choose a pre-approved company name

Time to complete: 1 day

Cost to complete: included in procedure 2

Comment: The procedure through the RNPC takes from 10 to 15 working days and costs. €71 (€56 for certification of approval of name, €14 for collective person provisional identification card). Additional €31 if reserve of name is requested.

If the parties decide to incorporate the company outside Centros de Formalidades das Empresas (CFE), they can request the Certificate and the Taxpayer card by internet, mail or at a local office of RNPC. The forms should be signed by one of the future shareholders (or a proxy).

Before requesting the corporate name, it is possible to confirm on RNPC's database (also available on Internet) whether the requested name is available. It is also allowed to reserve a corporate name for 48 hours. The cost of the name reservation is €31. Homepage: http://www.dgrn.mj.pt (for questions related with RNPC, Notary and Registrar issues).

The name of the company to incorporate may be oficially given either by means of a certificate of approval of the company's name to be issued by the National Registry of Collective Entities (RNPC) or by the immediate choice by the shareholders of one of the names provided by the Portuguese Authorities for this purpose, which list is available on the Internet. If the company decides not to use one of the pre-approved company names, the company has to obtain a certificate of approval and a provisional taxpayer card from the Registro Nacional de Pessoas Colectivas (RNPC or The National Registry of Collective Entities (RNPC) issues the Certificate of approval of the company's name after completion and submission of the necessary forms. ). The certificate is valid for 180 days and may be renewed within designated time limits. The provisional ID card is valid for one year and can be renewed if the incorporation process has not been completed. Taxpayer Card can be requested at the same time as the corporate certificate.

Procedure 2. Incorporation and Registration of the Company at one-stop shop

Time to complete: 1 day

Cost to complete: EUR 360 or EUR 300 (depending on whether the company's object is IT or IT related or not), including mandatory publications but excluding a 0.4% Stamp Tax rate, levied on the amount of the company's share capital subscriptions

Comment: If the company chose not to use one of the pre-approved company names, the entrepreneur must submit the documents referred in 1 above. The shareholders who opt to incorporate the company within 24 hours will have to choose one of the standard articles of association available for the purpose, not being able of inserting different clauses therein. The commercial registration of the company is immediate and a certificate thereof is issued.

Shareholders may also file a Declaration of Commencement of Activities for tax purposes. If said option is not exercised, this declaration should be submitted within 15 days after the incorporation of the company.
Through this fast track procedure, the corporate taxpayer number of the company, the number of the company at the Social Security, the commercial register of the incorporation of the company and the declaration of beginning of its activity can all taken care on the same day in the same location (involving several windows).
The mandatory publications are made in a website of the Ministry of Justice (http://publicacoes.mj.pt/Index.asp)

More information on the new system "company one hour" can be found at http://www.empresanahora.pt/empresa.

Procedure 3. Register the company and all employees with the Social Security Regional Center

Time to complete: 1 day (simultaneous with procedure 2)

Cost to complete: no charge

Comment: Homepage: http://www.seg-social.pt/
This procedure can be conducted at the social security center's window at the CFE. It must be performed in 10 working days after the tax declaration on start of activity. Registration of a worker must be done at least 24 hours before start of employment. File ID taxpayer document, deeds, collective person's card, minutes of company inaugural meeting, a copy of statutory members' tax cards, and document proving declaration of commencement of activity. Companies that have interaction with the public must have the company's work schedule approved at the Ministry of Employment and Social Security (Ministerio do Emprego e da Segurança Social).

Procedure 4. Deposit the initial capital in a bank account

Time to complete: 1 day

Cost to complete: no charge

Comment: No subscriptions of share capital in kind are allowed under the fast track regime. Shareholders must deposit the share capital of the company with a bank, within 5 working days after the date of incorporation of the company.

Procedure 5. Communicate with the Supervisory Entity for working matters (IDICT)

Time to complete: 1 day

Cost to complete: no charge

Comment: The incorporated company, before starting its activity, shall declare the number of workers and managers at its service. It must also identify the place(s) where they work and timetable. Homepage: www.idict.gov.pt

Procedure 6. Stamp company books at the local Revenue Office

Time to complete: 1 day

Cost to complete: EUR 14 (x2) + Tax Stamp: EUR 0,50 for each page

Comment: All companies must have 2 books ("Inventário/ Balanço", "Diário/ Razão"). The cost is €30 per book, and there are 4 books. Alternative information is that the cost is €0.50 per page.

Procedure 7. Register Shareholders Meeting book at the Conservatória do Registo Comercial to get a termo de abertura and termo de encerramento (opening and closing statements).

Time to complete: 1 day

Cost to complete: EUR 14 + Tax Stamp: EUR 0,50 for each page

Procedure 8. Register the compulsory workmen's accident compensation insurance at a private insurer

Time to complete: 1 day

Cost to complete: no charge

Comment: The insurance covers all workers and managers who receive a salary. The insurance must be taken out contracted before the company's start of activity with a private insurer company. Social security does not cover accidents at work.

TAXATION

The national corporate tax rate in Portugal in 2003 was 30%, down from 34% in 1999, but the effective rate fell from 37.4% to 33% because municipalities are allowed to impose a corporate income tax up to 10% of the national rate. Most municipal corporate tax rates have therefore fallen from 3.4% to 3% with the decrease in the national rate. Reform legislation in 2000 had originally targeted a reduction of the national rate to 28% by 2003, but this was delayed. Allowable deductions in calculating taxable corporate income include depreciation, interest payments, executives' salaries, and royalties. Capital gains are taxed at 30%. Dividends paid to parent companies by subsidiaries (owned at least 25% by the payee) are excluded from taxable income to avoid double taxation. Otherwise dividends are taxed at general income tax rates.

The progressive personal income tax schedule has six bands, not including a tax-exempt base. The schedule bands for 2003 were 15% (up to €4,100); 14% (on the next increment of income to €6.201); 24% (on the next increment to €15,375); 34% (on the next increment to €35,363): 38% (on the next increment to €51,251); and 40% (on the increment of income above €15,375). Social security taxes amount to 23.75% of nominal income. There are also taxes municipal taxes on the value of real estate.

The main indirect tax is Portugal's value-added tax (VAT) introduced 1 January 1986 with a standard rate of 16%, which was raised to 17% as of 1 January 1995 and to 19% as of 6 May 2002. There is also a reduced rate of 5% (applied to basic foodstuffs, water supplies, books, newspapers and periodicals, social housing, some medical equipment and drugs, hotel accommodations, repair and domestic services); an intermediate "parking" rate of 12% (applied to some foodstuffs, catering, and some fuels and lubricants); and exemptions from VAT (for social services, some medical and dental services, waste collection and disposal, transportation services, gold transfers to the central bank, and cremation). For the Azores and Madeira, the standard VAT rate is 12%, the reduced rate 4% and the parking rate 8%. Other transactions taxes include stamp duties and transfer fees.

FX Currency Trading / FX Forex Trading Online - Know More

admin — Wed Aug 30, 2006 5:08 am

Author: admin

Posted: Wed Aug 30, 2006 5:08 am

Forex Trading / FX Trading

Foreign Exchange
This short introduction explains the basics of trading Forex online, a brief explanation of the markets and the major benefits of trading Forex online. There are also two scenarios describing the implications of trading in a bear as well as bull market to better acquaint you with some of the risks and opportunities in the largest and most liquid market in the world.

As an additional aid for those who are new to Forex, there is also a glossary at the bottom of this text which explains some of the terms used in connection with currency trading.

Overview
Foreign exchange , forex or just Forex are all terms used to describe the trading of the world's many currencies. The forex market is the largest market in the world, with trades amounting to more than $1.5 trillion every day. This is more than one hundred times the daily trading on the NYSE (New York Stock Exchange) . Most forex trading is speculative , with only a few percent of market activity representing governments' and companies' fundamental currency conversion needs.

Unlike trading on the stock market, the forex market is not carried out by a central exchange, but on the "interbank" market , which is thought of as an OTC (over the counter ) market. Trading takes place directly between the two counterparts necessary to make a trade, whether over the telephone or on electronic networks all over the world. The main centres for trading are Sydney, Tokyo, London, Frankfurt and New York. This worldwide distribution of trading centres means that the forex market is a 24-hour market.

Trading Forex
A currency trade is the simultaneous buying of one currency and selling of another one. The currency combination used in the trade is called a cross (for example, the Euro/US Dollar, or the GB Pound/Japanese Yen.). The most commonly traded currencies are the so-called "majors" - EURUSD, USDJPY, USDCHF and GBPUSD.

The most important forex market is the spot market as it has the largest volume. The market is called the spot market because trades are settled "immediately" or on the spot. In practice this means within two banking days.

Trading on Margin
Trading on margin means that you can buy and sell assets that represent more value than the capital in your account. Forex trading is usually done with relatively little margin since currency exchange rate fluctuations tend to be less than one or two percent on any given day. To take an example, a margin of 2.0% means you can trade up to $500,000 even though you only have $10,000 in your account. In terms of leverage this corresponds to 50:1, because 50 times $10,000 is $500,000, or put another way, $10,000 is 2.0% of $500.000. Using this much leverage gives you the possibility to make profits very quickly, but there is also a greater risk of incurring large losses and even being completely wiped out. Therefore, it is inadvisable to maximise your leveraging as the risks can be very high. For more information on the trading conditions at Saxo Bank, go to the Account Summary on your Client Station and open the section entitled "Trading Conditions" found in the top right-hand corner of the Account Summary.

Why trade Forex?

24 hour trading
One of the major advantages of trading forex is the opportunity to trade 24 hours a day from Sunday evening (20:00 GMT) to Friday evening (22:00 GMT). This gives you a unique opportunity to react instantly to breaking news that is affecting the markets.
Superior liquidity
The forex market is so liquid that there are always buyers and sellers to trade with. The liquidity of this market, especially that of the major currencies, helps ensure price stability and low spreads . The liquidity comes mainly from large and smaller banks that provide liquidity to investors, companies, institutions and other currency market players.
No commissions
The fact that forex is often traded without commissions makes it very attractive as an investment opportunity for investors who want to deal on a frequent basis. Trading the "majors" is also cheaper than trading other crosss because of the high level of liquidity. For more information on the trading conditions at Saxo Bank, go to the Account Summary on your Client Station and open the section entitled "Trading Conditions" found in the top right-hand corner of the Account Summary.
50:1 Leverage
With a minimum account of USD 10,000, for example, you can trade up to USD 500,000. The USD 10,000 is posted on margin as a guarantee for the future performance of your position.
Profit potential in falling markets
Since the market is constantly moving, there are always trading opportunities, whether a currency is strengthening or weakening in relation to another currency. When you trade currencies, they literally work against each other. If the EURUSD declines, for example, it is because the U.S. dollar gets stronger against the Euro and vice versa. So, if you think the EURUSD will decline (that is, that the Euro will weaken versus the dollar), you would sell EUR now and then later you buy Euro back at a lower price and take your profits. The opposite trading scenario would occur if the EURUSD appreciates .

Important Forex Trading Terms

Spread
The spread is the difference between the price that you can sell currency at ( Bid ) and the price you can buy currency at ( Ask ). The spread on majors is usually 5 pips under normal market conditions. For more information on the trading conditions at Saxo Bank, go to the Account Summary on your Client Station and open the section entitled "Trading Conditions" found in the top right-hand corner of the Account Summary.
Pips
A pip is the smallest unit by which a cross price quote changes. When trading forex you will often hear that there is a 5-pip spread when you trade the majors. This spread is revealed when you compare the bid and the ask price, for example EURUSD is quoted at a bid price of 0.9875 and an ask price of 0.9880. The difference is USD 0.0005, which is equal to 5 "pips". On a contract or position, the value of a pip can easily be calculated. You know that the EURUSD is quoted with four decimals, so all you have to do is the cancel-out the four zeros on the amount you trade and you will have one pip. Thus, on a EURUSD 100,000 contract, one pip is USD 10. On a USDJPY 100,000 contract, one pip is equal to 1000 yen, because USDJPY is quoted with only two decimals.

Trading Scenario - Trading Rising Prices
If you believe that the Euro will strengthen against the dollar you'll want to buy Euro now and sell it back later at a higher price.

You buy Euro	We quote EURUSD at Bid 0.9875 and Ask 0.9880, which means that you can sell 1 Euro for 0.9875 USD or buy 1 Euro for 0.9880 USD. In this example you buy Euro 100,000, at the quote price of 0.9880 (ask price) per Euro.
The market turns	Later the market turns in favour of the Euro and the EURUSD is now quoted at Bid 0.9894 and Ask 0.9899.
Now you want to sell your Euro and get the profit	You sell Euro at a Bid price of 0.9894.
The profit is calculated as follows:	Sell price-buy price x size of trade (0.9894 minus 0.9880) multiplied by 100.000 = $140 Profit (Note that the profit or loss is always expressed in the secondary currency )

Trading Scenario - Trading Falling Prices
If, on the other hand, you believe that the Euro will weaken against the dollar, you'll want to sell EURUSD.

You sell Euro	We quote EURUSD at a Bid price of 0.9875 and Ask price of 0.9880 and you decide to sellEuro 100,000 at a Bid price of 0.9875.
The market moves in your favour	The Euro weakens against the dollar and the EURUSD is now quoted at bid 0.9744 and ask 0.9749.
Now you buy back your Euro	You buy EUR at an ask price of 0.9749.
Your Profit/loss is then	Sell price-buy price x size of trade (0.9875 minus 0.9749) multiplied by 100.000 = $ 1260 Profit

Remember that trading EUR 100,000 as we have done in our examples, does not mean that you have to put up Euro 100,000 yourself. It means that you have to deposit 2.0% of Euro 100,000, which is Euro 2,000 on margin as a guarantee for the future performance of your position.

Further Reading
To see how you can trade the forex market and benefit from our toolbox of information and live quotes, please proceed to our Forex Quick Start found under the Trading menu on the toolbar, under Forex.

Glossary

Appreciation	Anincrease in the value of a currency.
Ask	Theprice at which you can buy. Traders also speak of an ask price,the price requested. This usually indicates the lowest price aseller will accept.
Basecurrency	Thecurrency that the investor buys or sells (i.e. EUR in EURUSD).
Bear	Someonewho believes prices are heading down. A bear market is one inwhich there is a sustained fall in prices and which does not looklike it will recover quickly.
Bid	Theprice at which you can sell. Traders also speak of a bid price,the price offered. This usually indicates the top price apurchaser will pay.
Bid/Ask	TheBid rate is the rate at which you sell. The Ask (or offer) rate isthe rate at which you can buy.
Bull	Someonewho is optimistic about the market. A bull market is characterisedby enthusiastic and sustained buying.
cross	Whentrading currencies, the investor buys one currency againstanother. These two currencies form the cross: for example, EURUSD.
Crossrate	Anexchange rate that is calculated from two other exchange rates.
Depreciation/decline	Afall in the value of a currency.
Exchangerate	Whatone currency is worth in terms of another, for example the $Amight be worth 58 US cents or 70 yen. Currencies traded freely onforeign-exchange markets have a spot rate (applying to tradessettled 'spot', ie, two working days hence) and a forward rate.Countries can determine their exchange rates in a variety of ways:a floating exchange rate system where the currency finds its ownlevel in the market; a crawling or flexible peg system which is acombination of an officially fixed rate and frequent smalladjustments which in theory work against a build-up of speculationabout a revaluation or devaluation; a fixed exchange-rate systemwhere the value of the currency is set by the government and/orthe central bank.
EURUSD	Meansthat you trade EUR against dollars. If you buy Euro you pay indollars and if you sell Euro you receive dollars.
FX,Forex, Foreign Exchange	Allnames for the transaction of one currency for another, e.g. youbuy �100.00 with $150.25 or sell $150.25 for �100.00.
Interbank	Short-term(often overnight) borrowing and lending between banks, as distinctfrom banks' business with their corporate clients or otherfinancial institutions.
Interestrate differential	Theyield spread between two otherwise comparable debt instrumentsdenominated in different currencies.
Leverage(gearing)	Inthis case leverage means that the investor only funds part of theamount traded.
Long	Tobuy.
Longposition	Aposition that increases its value if market prices increase.
Liquid(-ity)	Thecapacity to be converted easily and with minimum loss into cash.Ultra-short-dated treasury notes are an example of a liquidinvestment. A liquid market is one in which there is enoughactivity to satisfy both buyers and sellers.
Margin	Theinitial amount or deposit required when entering into a position.Margin is a guarantee for future performance.
NYSE	Acomputerised system providing brokers with the prices of sharesand securities traded on the New York stock exchange and over thecounter. The quotes are published in real-time.
Openposition	Aposition in a currency that has not yet been offset. For example,if you have bought 100,000 USDJPY, you have an open position inUSDJPY until you offset it by selling 100,000 USDJPY.
"Overthe counter"	Whentrading takes place directly between two parties, rather than onan exchange.
Pips	Apip is the smallest unit by which a cross price quote changes. Soif EURUSD bid is now quoted at 0.9767 and it moves up 2 pips, itwill now be quoted at 0.9769.
Position	Money-market,futures, foreign-exchange and sharemarket traders talk of 'takinga position' which simply means buying or selling one currencycross. 'Position' can also refer to a trader'scash/securities/currencies balance, whether he or she is short ofcash, has money to lend, is overbought or oversold in a currency,etc.
Risk	Tryingto control outcomes to a known or predictable range of gains orlosses. Risk management involves a set of steps which begin with asound understanding of one's business and the exposures or risksthat have to be covered to protect the value of that business.Then an assessment should be made of the types of variables thatcan affect the business and how best to protect against unwelcomeoutcomes. Consideration must also be given to the preferred riskprofile - whether one is risk- averse or fairly aggressive inapproach. This also involves deciding which instruments to use tomanage risk, and whether a natural hedge exists that can be used.Once undertaken, a risk-management strategy should be continuallyassessed for effectiveness and cost.
Secondarycurrency (variable currency or counter currency)	Thecurrency that the investor trades the base currency against (i.e.USD in EURUSD).
Shortposition	Aposition that benefits from a decline in market prices.
Short	Tosell.
Speculative	Buyingand selling in the hope of making a profit, rather than doing sofor some fundamental business-related need.
Spot	ASpot rate is the current market price of an asset.
Spotmarket	Thepart of the market calling for spot settlement of transactions.The precise meaning of 'spot' will depend on local custom for acommodity, security or currency. In the UK, US and Australianforeign-exchange markets, 'spot' means delivery two working dayshence.
Spread	Thedifference between the bid and the ask rate.

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Financial Advisors services, Offshore Fund - Know More

admin — Wed Aug 16, 2006 2:59 am

Author: admin

Posted: Wed Aug 16, 2006 2:59 am

Financial Advisors services, Offshore Fund - Know More

Dear members &

guests

Due to the continuous marketing approach of our expatriate community by multiple financial planners

services company, Allo' Expat has decided to provided you with some usefull imformation on the Expat Offshore Banking issue.

Hope you'll invest wisely..... in the future

Financial Advisors - who are

they?

Q1 - How do I get the best offshore financial

advice?

The best offshore financial advice is probably given by Independent Financial Advisors.

Independent financial advisors (or IFA's, as they are sometimes called) advise their clients on savings, investments and

pensions. They may also provide Savings Plans for offshore investing to their clients.

When counselling a client, the

best offshore financial advisors should complete the following steps:

* Step 1 - collect detailed information

about a client's financial circumstances and requirements ? be they for retirement planning, retirement income, expat

investment, or another purpose.

* Step 2 - check all the offshore tax havens for the best offshore plans.

* Step 3 - provide impartial advice as to which plan(s) best meet their client's needs (in the form of a written

report).

* Step 4 - arrange for a client to buy the chosen offshore plan(s) on the best terms

available.

You may want to complete your own research to ensure you know the right questions to ask your

advisor.

When all these stages are completed, you can be confident you have received the best offshore financial

advice.

Q2 - What is a Certified Financial Advisor?

Financial advisors may need a

license to practice, issued by the Financial Services Regulator in their Country. Only these advisors may be called

'Certified Financial Advisors'.

It may be a condition that prospective certified financial advisors show their

Regulator that they are:

* competent to advise

* impartial in their advice

* independent of

Providers

* covered by professional indemnity insurance.

So it is important to check that your financial

advisor is listed under:

* Certified Financial Advisors, licensed to advise in the Country where you live

and

* Independent Financial Advisors - advising on a wide range of offshore plans from a full list of

providers.

Now you should feel confident you are receiving the best offshore financial advice.

Q3

- How are offshore financial advisors paid?

Independent financial advisors (IFA's) earn their living

from commissions they receive from plan providers. This is their income for the offshore financial advice they

give.

The commission that advisors (IFAs) receive from offshore financial advice cases may range from hundreds to

thousands of dollars.

Good offshore financial advisors should not be influenced by the amount of commission they

receive.

Some clients prefer to pay fees to their financial advisors for advice to ensure impartiality. When this

occurs offshore financial advisors refund commission received from a plan provider either in cash or as an increased

allocation of contributions invested.

Q4 -How do I find a list of Independent Financial Advisors

(IFAs)?

Search the web! Try searching using the search words independent financial advisors or

certified financial advisors PLUS the name of the Country in which you live.

Personal recommendations are always

helpful - ask your friends if they would recommend their offshore financial advisors. Always check that a recommended advisor

is both certified and independent.

Offshore Investing - What do that

mean

Q1 - What is Offshore Investing or Offshore

Investment?

When we talk about Offshore investing plan opportunities it is like the savings plans

available in many countries, except these plans:

* Are registered in tax havens and are regulated by their

Financial Services Authorities.

* Can be used for investing by non-residents of the tax havens.

* Are

sometimes more tax efficient than or have other advantages over domestic savings plans.

Q2 - Why would

expatriates choose offshore investing?

Expatriate investment in the savings plans catalogued here and

offering offshore investing opprotunities might be appropriate when:

* No local or Home Country tax free regular

savings plans are available.

* No local or Home Country tax free lump sum investment plans are available.

* An expatriate is planning to retire to a third country.

If you fit any of these categories of expatriates you

should investigate the offshore plans researched by Offshore Boffin and consult your Financial

Advisor.

Q3 - Are there other people who might benefit from Offshore

Invesment?

Yes. People who are not living abroad might find offshore investment attractive in the

following circumstances:

* They have more cash available for savings than can be invested tax free in their

resident countries' investment plans (perhaps because the amount they can invest each year is capped).

* They may

live in countries which do not have domestic tax free savings plans.

* They live in countries which are not

suitable long-term investment environments for political or economic reasons.

* They wish to limit the effects of

inheritance tac on their estates.

Q4 - Is there safe offshore investing?

The

answer is that All investors should remember that the value of ALL their investments can go down as well as up!

Safe

offshore investing is more likely by choosing plans:

* From politically stable tax havens - the quality of tax

havens varies.

* From well-regulated tax havens - the tax havens whose savings plans are catalogued here all

regulate their financial services companies to avoid 'fly-by-night' companies.

* From reputable investment

management and life assurance companies - whilst past performance is not always a guide to the future, the companies whose

savings plans are listed here are all well-known names.

* Investing in 'mutual' or 'collective' funds. these

funds are based on a simple idea. If a large number of investors pool their savings in - for example - an equity fund, the

larger fund can be invested in shares in many companies, spreading each individual's

risk.

For expat investment - and others - to be successful the best offshore investment

opportunities must be found. For that you'll need a good Financial Advisors.