The minimum monthly wage in Saudi Arabia is not regulated by the government. Saudi Arabia has a government debt of 12.9% of the country's Gross Domestic Product (GDP), as assessed in 2012. With regard to consumer prices, the inflation rate in Saudi Arabia is 3.7%. The currency of Saudi Arabia is Saudi riyal. The plural form of the word Saudi riyal is riyals. The symbol used for this currency is ر.س, and it is abbreviated as SAR. The Saudi riyal is divided into halala; there are 100 in one riyal. Each year, consumers spend around $222,210 million. The ratio of consumer spending to GDP in Saudi Arabia is 0.03%, and the ratio of consumer spending to the world consumer market is 52%. The corporate tax in Saudi Arabia is set at 0%. VAT in Saudi Arabia is 0%.

Gross Domestic Product
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Saudi Arabia is $1,609,628 billion. The Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) per capita in Saudi Arabia was last recorded at $47,970,780. PPP in Saudi Arabia 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 Saudi Arabia is 748,450 billion. Based on this statistic, Saudi Arabia is considered to have a large economy. Countries with large economies support a wide variety of industries and businesses, providing ample opportunities for investment. Large economies support a substantial financial sector, making it easy to organize investments and financial transactions. It should be very easy to find good opportunities for investment in Saudi Arabia. The Gross Domestic Product (GDP) per capita in Saudi Arabia was last recorded at $22,305,607. The average citizen in Saudi Arabia 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 Saudi Arabia averaged 3.6% in 2014. According to this percentage, Saudi Arabia is currently experiencing modest growth. Countries that are experiencing modest growth offer safe opportunities for investment; their expanding economy indicates that businesses, jobs, and income will expand accordingly.

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In Chile, the form of government is a unitary presidential constitutional republic. In Chile, legislative power rests with the National Congress. Prime Minister is Sebastián Piñera. A country's governmental structure determines the way laws are written, passed and interpreted. The type of government determines the way elections are held as well as the country's system of policing its citizens. The term of office of the head of state in Chile lasts until January 1, 2021. The length of a head of state's term of office has a direct impact on the power and influence of the executive position. A longer term gives the head of state more authority. The term of office of the head of state in Chile lasts until January 1st, 2021. The length of a head of state's tenure has a direct bearing on the power and influence of the leadership position. A longer term gives the head of state more authority. The Global Peace Index (GPI) for Chile is 1.563. Due to the strong presence of the law enforcement authorities and the high level of social responsibility, Chile is very safe by international standards. The strength of the Legal Rights Index for Chile is 4. Overall, it is considered rather insufficient – bankruptcy and collateral laws are able to protect the rights of borrowers and lenders to a certain extent; Credit information may be sufficient but scarcely available or, conversely, available but not sufficient. In 2013, Chile received US$125.5 million in foreign aid. In 2014, foreign aid was $163.9.

Government
Sebastián Piñera is Prime Minister in Chile. Chile's system of government is a unitary, presidential, constitutional republic. In Chile, legislative power rests with a national congress; This is a bicameral legislative body and thus a bicameral national congress. According to the World Bank Group, Chile's government effectiveness index is 1.14. This shows that the Chilean government is effective. Citizens benefit from well-organized public and civil services and government efficiency is high. Although some services may be lacking in some areas, the overall environment encouraged by state legislation is favorable.

An audit is an independent and systematic examination of accounts, books, documents, statutory records and vouchers of a company to ascertain that the financial statements and non-financial disclosures present a fair and true view as well as maintained as required by law. Audits provide an assurance by the third party that the subject matter does not contain a material misstatement. While the term is most frequently used to evaluate the financial information of a legal entity, there are various other areas that are commonly audited: internal controls, secretarial and compliance audit, quality management, water and energy management and conservation as well as project management. As a result, various stakeholders can effectively evaluate and, if necessary, improve the effectiveness of risk management, governance and control processes of the legal entity.

Organization of an audit
Most companies receive an audit once a year, while some, usually large corporations, can receive audits even on a monthly basis. Often, audit is a legal requirement in order to eliminate the intentional misstatements of financial information in an attempt to commit fraud. For some companies, especially publicly traded ones, audits are used to evaluate the effectiveness of internal control measurements. During the process of auditing, auditors are required to follow auditing standards set by the government body. The process is usually organized in six steps:

Requesting documents – auditor requests certain documents listed on the preliminary checklist. These documents may include a previous audit report, bank statements, receipts and ledgers as well as organizational charts, bylaws and standing rules and copies of the board and committee minutes.
Preparing an audit plan – after the auditor has received all required documents, an audit plan is drafted. During this stage, a risk workshop might be conducted in order to identify possible problems.
Scheduling an open meeting – senior management together with key administrative staff are invited to a meeting during which a scope of the audit is explained. Other details, such as time frames, scheduled vacations and interviews with the auditors are discussed.
Conducting fieldwork – auditors are speaking with staff members, reviewing processes and procedures, testing compliance with laws and policies, evaluating internal controls as well as discussing possible problems with the organization.
Drafting a report – auditor prepares a report with detailed findings of the audit. Such details as posting problems, mathematical errors, payments that are authorized and not paid along with other discrepancies and concerns are listed. Finally, the auditor writes a commentary about the findings of the audit and possible solutions for the found problems.
Setting up a closing meeting – management of the audited company discusses the highlighted problems and describes the action plan to address them along with projected completion date. Finally, the management indicates whether it agrees with the problems pointed out by the auditors. It is important to point out that auditors seek to provide only a reasonable assurance that the audited information is free from material error. Which means that they do not check every figure in the financial statements; they also do not look at every transaction that is carried out by the organization. Auditors do not judge the appropriateness of the business activities, strategies or decisions made by the company’s management.
Types of auditors
There are generally three types of auditors:

Internal auditors – employed by the company for whom they are performing the audit. They provide information to the management of the company about the accuracy of their books and the efficiency of their internal control system.
Consultant auditors – performing the same function as internal auditors, but are not employed by the company.
External auditors – follow a set of generally accepted set of standards to evaluate the financial reporting and possible misstatements of the company. Legally required audits need to be performed by external auditors.

The Republic of Panama, or simply Panama, is a country in Central America, bordered by Costa Rica to the west and Colombia to the southeast. Panama City is the country's largest city and capital and is home to two million people, which is approximately 50% of the population. Panama's official language is Spanish due to Spanish rule in this area until 1821.

Panama Canal revenue accounts for a significant portion of Panama's GDP, while industries such as banking, trade and tourism are important and growing sectors. Thanks to the canal, Panama has managed to create the largest international financial center in the Central American region, with assets worth more than three times Panama's GDP. Stability, along with a favorable business and economic climate, is considered the main strength of Panama's financial sector. Panama's banking system conforms to the Basel Principles of Effective Banking Supervision. Nevertheless, Panama has a worldwide reputation as a tax haven. In particular, since the publication of the Panama Papers in 2016, the country has made significant progress in improving compliance with anti-money laundering recommendations. In February 2016, Panama was removed from the FATFGAFI gray list, but the IMF continues to see a need to strengthen the country's financial transparency and fiscal structure.

Bank account in Panama
Panama is known for having one of the strictest banking secrecy laws in the world. While foreigners are welcome to open a bank account with Panamanian banks, they often require more documentation than European or North American banks. As such, opening a bank account in Panama can be a relatively lengthy process - unless you have someone you trust to connect you with a bank's account manager, setting up a bank account can take two weeks or even two months.

Different banks may require different information when opening a bank account, but you should be prepared to provide documents and other information as listed below (all documents must be in Spanish):

Copy of your passport photo, information page and page with a Panama entry stamp;
Up to two bank reference letters;
A letter of reference from a lawyer or accountant;
Copy of another ID – national ID or driver’s license;
bank statement for the last 3 months;
proof of income;
Evidence of your relationship with Panama (e.g. proof of ownership, utility bills, cedula, etc.);
Completed forms with information about you and your family and your funding source.
If you decide to withdraw more than $5,000, you may be asked to indicate how you intend to use those funds.

Procedure for opening a bank account in Panama
In general, account opening procedures may differ slightly from bank to bank, but if you decide to work with a service provider that specializes in opening bank accounts for foreigners, the process might turn out to be quicker and easier for you. Companies offering such services usually have their partner banks and they are familiar with the procedures and legal requirements. The procedure for opening a bank account generally consists of five steps:

Submit an online application;
Submit payment to the bank account opening service provider;
Interview – Banks in Panama require an in-person interview before opening a bank account. The call will be coordinated by your service provider. All applications and required documents are submitted during the interview.
Due diligence process (this takes about 20 to 30 business days);
Setting up the bank account – after completing the account opening process, you will be provided with the bank account number, deposit and transfer history and contact information of your bank.