With the Dow reaching an all-time high today, Americans are feeling a lot better about the state of the economy—more so than they have in nearly a decade. This coincides with a recent Gallup poll that found Americans are also feeling better about international trade. According to the excellent International Economic Law and Policy blog, the latest trend can be attributed … [Read more...]
International Licensing: An Alternative to Forming a Foreign Corporation.
I received some feed back in reference to yesterday's post, The 5 Key Factors You Must Consider When Establishing a Foreign Corporation. It seems I left some readers with the impression that forming a foreign corporation was not worth the risk given all the legal issues that must be addressed. While I did not intend to scare anybody who is considering establishing a … [Read more...]
The 5 Key Factors You Must Consider When Establishing a Foreign Corporation.
The other day I received a call from someone looking to form a corporation in Brazil. This person was shocked to learn that Brazil is among the most difficult countries in the world in which to incorporate a business. In fact, according to the World Bank’s annual Doing Business Report, Brazil was ranked no. 121 in ease of starting a business. … [Read more...]
Hey U.S. Corporations–Don't Neglect Your Foreign Subsidiaries!
I recently received an email from a board member of a corporation concerned that one of the company’s foreign subsidiaries was having compliance issues. I immediately interrupted and asked if there were any local bodies on the ground at the company’s foreign subsidiary. I wasn't exactly surprised to learn that there were not. In fact, no one from the U.S. office had visited … [Read more...]
The Cayman Islands: Paradise for Foreign Workers. Not So Much for Tax Dodgers.
There's been a sharp rise in the number of foreign workers in the Cayman Islands. This according to a recent report from Justin Harper of Reuters. Despite increased taxes, the number of foreign workers in the island paradise has gone from 19,927 at the end of 2011 to nearly 21,000 by December 2012. The increase is largely the result of less stringent immigration laws that now … [Read more...]