The minimum monthly wage in Mongolia is 98 USD. With regard to consumer prices, the inflation rate in Mongolia is 8.2%. The currency of Mongolia is Mongolian togrog. There are several plural forms of the name 'Mongolian togrog'. These are tögrögs, tugriks. The symbol used for this currency is ₮, and it is abbreviated as MNT. The Mongolian togrog is divided into mongo; there are 100 in one togrog. Each year, consumers spend around $1,975 million. The ratio of consumer spending to GDP in Mongolia is 0.02%, and the ratio of consumer spending to the world consumer market is 0.57%. The corporate tax in Mongolia is set at 10%. VAT in Mongolia is 10%. In 2013, Mongolia received 448.7 million USD in foreign aid.In 2014, the foreign aid amounted to 350.6 USD.

Gross Domestic Product
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Mongolia is $34,869 billion. The Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) per capita in Mongolia was last recorded at $11,169,618. PPP in Mongolia is considered to be very good when compared to other countries. Very good PPP indicates that citizens in this country find it easy to purchase local goods. Local goods can include food, shleter, clothing, health care, personal care, essential furnishings, transportation and communication, laundry, and various types of insurance. Countries with very good PPP are safe locations for investments. The total Gross Domestic Product (GDP) in Mongolia is 11,516 billion. Based on this statistic, Mongolia is considered to have a medium economy. Countries with medium economies support an average number of industries and opportunities for investment. It should not be too difficult to find worthwhile investment opportunities in medium economies. The Gross Domestic Product (GDP) per capita in Mongolia was last recorded at $3,688,931. The average citizen in Mongolia has very high wealth. Countries with very high wealth per capita have an extended life expectancy and very high standard of living. Highly skilled workers can be found in many industries, and labor is very expensive in these countries. Countries with very high wealth offer opportunities for safe investments, as they are often supported by a diverse and thriving financial sector. GDP Annual Growth Rate in Mongolia averaged 9.1% in 2014. According to this percentage, Mongolia is currently experiencing significant growth. Countries that are experiencing significant growth offer the best chance for a substantial return on investment, as GDP growth rate is the most important indicator of economic health. As GDP grows, business, jobs, and personal income grow as well.

Canada is generally considered as a country with relatively strict taxation system with no features of an offshore or any other tax-exempt structure. Typically, this is true – most Canadian legal entities are liable to pay taxes on all their domestic and foreign income. Due to this, Canada is perceived by government bodies as well as entrepreneurs as a country with standard taxation system and any legal entity established in its territory – as a reputable and trustworthy vehicle.

Favourable taxation on the territory of Canada
There is one scenario, when Canadian legislation foresees a possibility to register a Canadian legal entity and operate within it with a zero tax rate. This is possible via a legal type of business, called Limited Partnership. LP is a partnership with two or more partners. Each LP is required to have at least two partners: General Partner and Limited Partner. Both types of partners can be either a private person, or a legal entity.

A Canadian LP with foreign partners and no business activity in Canada is not liable to taxation in Canada. This is possible due to the fact, that Canadian tax legislation does not perceive an LP as a separate subject of taxation. Instead, taxes should be paid by the partners in their residence country. Since LP is not considered a Canadian resident for tax purposes, this legal entity is not entitled to advantages of Double Tax treaties between Canada and its partner countries.

Possible applications of a Canadian LP holding structure
There are several popular uses of Canadian LP:

A regular company for business purposes in Canada, EU, US or any other regulated jurisdiction;
An agent working under Sales Agency Agreement;
IT support and software development services or other online based businesses, such as marketing, webstore, auction or website development services;
A holding company due to beneficial tax exemption for LP.
In addition to highly advantageous taxation environment for LPs, there are numerous other benefits to consider before deciding whether Canadian LP is the right choice for your business:

Being a reputable Canadian company;
No requirements regarding the residency of partners;
No requirements for company secretary to be appointed;
No requirements to file annual financial statements;
Possibility to establish a one-man limited partnership, where one person is both – the general partner and the limited partner;
No requirements regarding minimum authorized capital.
Readymade limited partnership (LP) acquisition process
If you are not familiar with Canadian company set-up requirements, or simply have no time to incorporate a new LP, you are able to acquire a ready-made, or shelf company. A ready-made company is a legal entity that has been registered some time ago, but no operational activity is taking place in this company, therefore, it is “sitting on the shelf”. When acquiring a shelf company, you are able to acquire a business with reputable age, which inspires more confidence among suppliers, partners, clients as well as financial institutions.

Shelf companies in Canada generally are sold with the Articles of Incorporation, Certificate of Incorporation, Revenue Canada Tax Business ID number, Corporate Organizational Minutes as well as Resolutions, Corporate Minute Book, by-laws and finally – customized stock certificate. The ready-made company is organized according to the client’s wishes with shareholders, directors and officers indicated by him or her. In case you would like to change the company name, this can be easily done upon acquisition of the shelf company. There are three types of ready-made companies in Canada: Federal, BC and Ontario shelf companies. Each of them is different in terms of partner suitability and other requirements. For example, if you are a non-resident, you are allowed to purchase only a BC shelf company.

Advantages of having a Canadian LP structure
There are numerous benefits of acquiring a ready-made company. First of all, you are able to acquire an already established company without wasting your time on incorporation documentation and procedures. This also means that you are able to start trading as soon as the acquisition process is complete. Additionally, each company becomes more credible when it ages. You will be able to use this benefit when negotiating with partners, attracting new clients, as well as simply opening a bank account or acquiring a credit.

How to purchase readymade Canadian LP?
The easiest way to acquire a ready-made company is through a company that specialises in such services. Typically, these companies acquire inactive companies to keep them “on the shelf” until a potential buyer decides to acquire one of them. Additionally, most of these service providers also incorporate new companies and leave them for some period of time. You are able to acquire a ready-made company in four easy and straightforward steps:

Go online and shop for the most suitable service provider depending on their service package, fees, possible client reviews, credibility and other aspects.
Fill an application form and submit it along with all the necessary documents and other information.
Pay all the service and government fees.
Receive already complete company incorporation documents. From this moment, you are able to start trading.
Generally, prices for ready-made companies differ among service providers and become higher with the age of the company. This is due to the fact that older companies take more time of maintenance and they become more credible over the years. Prices are typically calculated per month.

Honduras is considered a large nation due to its total area. Its total land area is 112,090 km² (about 43,278 mi²). The continental shelf of Honduras is approximately 68,718 km² (roughly 26,532 mi²). Honduras is located in North America. North America is entirely in the Northern Hemisphere and almost entirely in the Western Hemisphere. North American countries include Canada, Mexico, and the United States, among others. Honduras has 3 neighboring countries. Its neighbors include Guatemala, El Salvador and Nicaragua. Honduras is not a landlocked country. It means it is bounded by at least one major body of water. The average elevation range of Honduras is 684 m (2,244 ft).

Neighbors
The total length of land borders of Honduras is 1575 kilometers (~608 miles). Honduras shares land borders with 3 different countries and has the same number of unique land borders with neighboring territories. If, as in the case of Honduras, a country has the same number of distinct neighboring regions as land borders, then that country does not have non-contiguous sections of a land border. This is in contrast to several countries that have multiple non-contiguous stretches of land borders. Honduras has 3 neighboring countries. Its neighbors include Guatemala, El Salvador and Nicaragua. The lengths of land borders of Honduras with its neighboring countries are as follows:

Guatemala - 256 km (159 miles),
El Salvador - 342 km (213 miles),
Nicaragua - 922 km (573 miles).

Cities
The capital of Honduras is Tegucigalpa. The largest city in Honduras is Tegucigalpa.

Elevation
The average elevation range of Honduras is 684 m (2,244 ft). The highest point of Honduras is Cerro Las Minas with an official elevation of 2870 m (9,416 ft). The lowest point of Honduras is the Caribbean Sea, the Pacific Ocean. The difference in elevation between the highest (Cerro Las Minas) and the lowest (Caribbean Sea, Pacific Ocean) points of Honduras is 2870 m (2 ft).

Area
The total land area of Honduras is 112,090 km² (about 43,278 mi²). and the total Exclusive Economic Zone (EEZ) is 249,542 km² (~96,348 mi²). The continental shelf of Honduras is approximately 68,718 km² (roughly 26,532 mi²). Including the landmass and the EEZ, the total area of Honduras is approximately 361,632 km² (~139,626 mi²). Honduras is considered a large nation due to its total area.

Forest and farmland
67,254 km² of the territory of Honduras is covered with forests, and forest land accounts for 60% of the country's total area. There are 10,663 km² of arable land in Honduras, which accounts for 10% of the country's total area.

Confidus Solutions list of banks in Germany contains 13 banks.

You have several options for bank account opening in each one of the banks listed below.

Select a bank
DZ Bank
Commerzbank
Credit for Reconstruction
Deutsche Bank
UniCredit Bank
HSBC Bank
Evangelische Bank
Edekabank
HSH Nordbank
ING-DiBa
LIGA Bank
SEB Bank
Bank NORD