Commerce has gone global ever since the arrival of the Internet; the information highway that we all know and love and if you are a rising star in the digital entrepreneur department, it might make perfect sense to set up a company abroad. There are many financial incentives to do just that and with global web connection, you can easily manage your business remotely.
Legal Advice
A leading law firm, Acclime Global Business has you covered when it comes to foreign business registration; not only can they facilitate the registration process, a leading international business lawyer will give you the best advice.
There are usually 3 options for a foreign business registration, such as:
- A representative office – This is typically a non-trading entity that is designed for foreign companies that wish to do some market research; this type of business can be set up in a matter of weeks and does allow working visas for a limited number of foreign employees. A company might start with this type of business, then change to a limited company that is a trading entity when the time is right.
- Limited company – If, for example, you live in Thailand and you have a Thai spouse, you can set up a private limited company with your partner holding at least 51% of company shares and the company can acquire assets such as real estate. In some countries, a business can be 100% foreign-owned, which removes the need for a local partner. Most countries limit the fields of commerce that a foreign business can enter, in order to protect local people.
- International corporation – A foreign corporation might wish to set up a branch in a foreign country and this is the perfect situation for an international corporation registration. Click here to learn about the importance of cyber-security in the finance sector.
The lawyer provides you with a list of documentation and assists with the opening of local bank accounts, which are necessary in order to register any business.
Essential Business Services
If you are planning to remotely manage your foreign business, you will need to engage local services and your international law firm partner has all the connections you need.
Here are some business services that you can engage:
- Bookkeeping & accountancy
- Generating reports & statements
- Filing tax returns
- General secretarial services
- Create a telemarketing group
- Logistics
A top-rated international law firm has all the connections you need so you can manage your foreign business remotely and with complex laws in a foreign country, your lawyer can ensure you are always compliant.
If you are targeting a foreign market and wish to carry out grassroots market research, contact a leading international business lawyer who can advise you on every aspect of setting up a business in a foreign country. The process of registering a business is reasonably straightforward if facilitated by a business lawyer, while they can also source local services that you will need.
