When it comes to set up a foreign business in islands, Mauritius name appears in mind of many investors. The land offers safe and encouraging business environment. Since independence in 1968, the island is developing. In the 21st century the development rate has increased. From agriculture to industrial growth, all can be seen in Mauritius. The land welcomes all types of investors. Therefore, it offers to setup GBC1 and GBC2 companies. It is a land of opportunities to invest in various sectors including public, IT, engineering, manufacturing etc… Today, it is one of the most ideal islands for offshore businesses.
A GBC1 company is a resident company of Mauritius. It allows for structure investments into Mauritius treaty partners including India, China, Thailand and Luxembourg. The type of company doesn’t exempt from tax. It has to pay tax but the tax rate is low. There is no capital gain tax and withholding tax levied. Some certain rules are followed by GBC1 companies. They are monitored and regulated by the Mauritius Financial Services Commissions. A license is granted to these companies. An assurance of business establishment is given in just 1 month. According to the legislation of the island, A GBC1 firm has to appoint at least 2 local directors. The shareholder of the company should be 1 minimum and it is not necessary that the shareholder belongs to the island. A company secretary is required to appoint. The company audit takes place every year. It is must to maintain an account file. They have access for double taxation treaty. Offshore Incorporation
A company which is GBC2 has global business license and are free for trading. They are not residential companies therefore they cannot access to Mauritius tax treaty. They are free from corporate tax. Various types of company formation freedom are provided. According to the legislation of the island, it is must to appoint at least one director and it is not necessary that the director should belong to Mauritius. Appointing a company secretary is optional. There is no audit required. There is no exchange control. The government of the island has tried to make GBC2 company legislation easy to follow so that maximum number of investors can take interest in company formation in Mauritius. The government of Mauritius expects that every foreign investor performs well and can able to take the economy of Mauritius at higher level. Societe offshore incorporation setup in Mauritius is profitable.…
Berthe Morisot, The Cradle, 1872, Muse d’Orsay
Morisot was born in Bourges, Cher, France into a successful bourgeois family. Both she and her sister, Edma Morisot, chose to become painters. Once Berthe Morisot settled on pursuing art, her family did not impede her career.
She was born into a family that, according to family tradition, had included one of the most prolific Rococo painters of the ancien rgime, Fragonard, whose handling of color and expressive, confident brushwork influenced later painters. By age twenty, she had met and befriended the important, and pivotal, landscape painter of the Barbizon School, Camille Corot, who excelled in figure painting as well.
The older artist instructed Berthe and her sister in painting and introduced them to other artists and teachers. Under Corot’s influence, Morisot took up the plein air method of working. As art students, Berthe and Edma worked closely together until Edma married, had children, and no longer had time to paint so intensely as Berthe. Letters between them show a loving and cordial relationship, underscored by Berthe’s regret at the distance between them and about Edma’s withdrawal from painting. Edma wholeheartedly supported Berthe’s continued work and the families of the two sisters always remained close.
Manet and impressionism
Berthe Morisot, Grain field, Muse d’Orsay
Morisot’s first appearance in the Salon de Paris came at the age of twenty-three in 1864, with the acceptance of two landscape paintings. She continued to show regularly in the Salon, to generally favorable reviews, until 1873, the year before the first Impressionist exhibition.
Berthe Morisot, L’Enfant au Tablier Rouge, a sketch
Meanwhile, in 1868 Morisot became acquainted with douard Manet. He took a special interest in Morisot, as is evident from his warm portrayal of her in several paintings, including a striking portrait study of Morisot in a black veil, while in mourning for her father’s death (displayed at the top of the article). Correspondence between them bespeaks affection. He once gave her an easel as a Christmas present. He also interfered in one of her Salon submissions when he was engaged to transport it. Manet mistook one of Morisot’s self-criticisms as an invitation to add his corrections, which he did, much to Morisot’s dismay.
Although traditionally Manet has been related as the master and Morisot as the follower, there is evidence that their relationship was a reciprocating one. Morisot had developed her own distinctive artistic style. Records of paintings show Manet’s approval and appreciation of certain stylistic and compositional decisions that Morisot originated. He incorporated some of these characteristics into his own work.
Berthe Morisot, Child among Staked Roses, 1881, Wallraf-Richartz Museum, Cologne
It was Morisot who convinced Manet to attempt plein air painting, which she had been practicing since having been introduced to it by Corot.
She also drew Manet into the circle of painters who soon became known as the Impressionists. In 1874, Morisot married Manet’s brother, Eugene, and they had one daughter, Julie. Julie Manet became the subject for many of her mother’s …
Japanese candlesticks offer a “mathematical expression of psychological market sentiment” to trader Gary Wagner, who utilizes these Eastern technical indicators in conjunction with Western tools to actively trade for himself.
It took Wagner several years into the commodity business before he began utilizing Japanese candlesticks in his interpretation of the markets. After college, he entered the industry as a broker and around “1989-1990, FutureSource began displaying price movements over time with candlesticks. It looked interesting, but I didn’t know much about what they meant. I started doing a lot of research,” Wagner said.
Wagner stumbled upon a book entitled The Japanese Chart of Charts, by Seiki Shimizu, which he calls the “Rosetta Stone of every candlestick technician in the U.S … I read it and it was like these light bulbs started going off in my head,” Wagner explained.
“After it clicked in, my trading vastly improved. I started making money and my clients started making money,” Wagner said. Japanese candlesticks are constructed differently from a traditional Western bar chart. A traditional daily bar chart reveals a vertical bar, representing each day’s action. The bar chart reveals the session’s high, low and closing price; the latter is seen by a tic to the right of the bar.
However, Japanese candlestick charts are comprised of a rectangular section and two thin lines above or below the section.
According to Trading Applications of Japanese Candlesticks, by Gary Wagner and Brad Matheny, “The candle or pole line is defined as one complete cycle with an open, low, high and close. The thick part of the candle is known as the real body. The thin lines above and below the real body are the shadows and represent the high and low for that cycle … A white candle (empty) is created when the closing price is just above the opening price for the cycle. Black candles (full) are just the opposite-die opening price must be above the dosing price for the cycle.” However, Wagner utilizes Japanese candlestick charts in conjunction with traditional Western technical analysis.
“Utilizing candlesticks is a win-win situation for the Western technician. We use moving averages, stochastics, trendlines. But, one can usually obtain more information looking at a candlestick chart. The reason for that is that the Western technician puts his emphasis on the close to the close,” Wagner noted.
But candlesticks reveal “the relationship between the open and the close of that day. Dynamically, there is a battle going on each day-the candle reveals its outcome,” he explained.
The most important lesson Wagner he says he has learned as a trader is that the “market runs independently of whether you want it to go up or down … you can’t marry yourself to a position.”
“One has to have a systematic methodology that removes as much emotional content from the trade as possible,” Wagner continued. Additionally, traders “must predefine risk and reward,” he stressed.
Wagner has done this for himself via computer software he has developed called the Candlestick Forecaster. …