Key questions to prepare for global expansion
30 May 2024
Doing business in a new market can be complicated for companies of all sizes.
Given the vast differences in local requirements, you may lack a comprehensive support infrastructure with expertise in overseas regulations, and may not have insight into the economic and cultural climate in new markets.
We have helped hundreds of companies navigate the global marketplace. While the business goals, circumstances, and industry type vary from client to client, the critical questions any organisation should consider before they begin the process of expanding remain the same.
Key questions to address
- What choices of legal structures are available and which one will best protect my business?
- What does the incorporation process entail?
- Where and why do we need to register to do business?
- What regulations on investments might we face?
- What are the roles of officers and directors? How are they appointed?
- What type of visas are required should we expatriate key employees to the new location?
- How are individual taxes structured?
- What is the process to hire and terminate employees?
- How can we design a competitive hiring and staff-retention strategy?
- What employment laws are in place, and what are the common expectations for salary and benefits?
- How are business taxes structured?
- What accounting and audit requirements can I expect to encounter?
- What type of general and liability insurances are available to protect my business?
If you would like to discuss how we can assist your company with any of these critical questions, please contact us.
