Opening a business abroad is an attractive idea. Its implementation will expand the company's horizons, enter a new market, and attract additional investors. It is also a good way to save and invest. To open a business abroad, be sure to read the basic rules for organizing your business.
It is necessary
- - registration as an entrepreneur;
- - literature on organizing business abroad;
- - a lawyer on economic issues;
- - a lawyer in the country planned for starting a business;
- - investments.
Instructions
Step 1
Decide what services you want to provide abroad. Decide if your activity will be focused on organizing services for the local community. This must be done, because in some countries for businesses with a foreign legal address, simpler working conditions and taxation are created (for example, in the United States).
Step 2
Explore the countries where you want to start your business. Be sure to pay attention to how developed the market for the services you offer is. If there is nothing like this, then, on the one hand, you can become an innovator if you can attract attention and convince consumers of the need for your product. On the other hand, a poorly planned and implemented advertising campaign can be a rock pulling your business to the bottom. The best option is to find a "middle point" in the services offered. For example, any new functions or innovations in an area of activity that has managed to gain the interest of the local public.
Step 3
Narrow your choice to a few points on the world map. Once again, be clear about whether you plan to enter the local market. If so, you need to take care of the partner-citizen of the selected country. Or increase your investment in the business several times. Such rules for setting up a business abroad, focused on the country of origin, apply everywhere (for example, Canada, the Philippines, Turkey, etc.). Conduct monitoring of the internal market aimed at analyzing the economic situation for the development of your business in the selected jurisdiction.
Step 4
When you have decided on both the direction of business and the country (or reduced their number to at least three), visit a legal and economic consultation in your city. There they will answer numerous questions about the documents, as well as tell you what "pitfalls" await when doing business in the selected countries. They will also offer alternative, more profitable, options. A visit to a specialist will help save time and nerves when reading the laws of the states you are interested in.
Step 5
Pay close attention to the rules of taxation of citizens who are not residents of the country where you open your business. For example, in the United States, individual states are drastically cutting or eliminating most taxes when starting a business that does not work in their territory.
Step 6
Having finally decided on the country to open your business, start looking for a lawyer in the direction you need. Such a specialist will help you to draw up all the documents correctly, give additional consultations based on a real look from the inside. He can also assist in finding a business partner. Keep in mind that the cost of such a specialist is quite high, but he fully pays for himself.
