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Starting Businesses Outside Home Country
06-29-2015, 05:08 PM
I did an extensive search for this and am pretty shocked it hasn't been brought up already, although there are threads on working elsewhere, I am looking for information on starting a business. I have taken classes and studied extensively in international business, and although I've learned much, I am familiar with very few of the intricacies of starting a boots on ground business outside of my home country (I am from Canada). Please note that I am only speaking about a brick and mortar operation, don't say "start an online business" because that's not what I'm looking for (even though I am aware of the pretty much non-existent barriers to entry). I have two partners and myself that are interested in starting up shop in Australia, and then expanding into potentially SEA, Europe, maybe North Africa, and the USA (not necessarily in that order).
I wouldn't be surprised that quite a few of you have looked into starting a business elsewhere due to the benefits of economies, opportunities, or simply because you wanted to live elsewhere.
My question to you guys involves everything with starting a business, obtaining the correct visas, foreign investment limitations, legality of the processes, tax deferrals or issues with taxation (get an accountant always), and all the other red tape of the situation. I am looking for a discussion on all these issues and more, and if you have concrete information about any of those places, that would be even more helpful.
Thanks in advance boys!
"Money over bitches, nigga stick to the script." - Jay-Z
They gonna love me for my ambition.
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Starting Businesses Outside Home Country
06-29-2015, 05:24 PM
"My question to you guys involves everything with starting a business, obtaining the correct visas, foreign investment limitations, legality of the processes, tax deferrals or issues with taxation (get an accountant always), and all the other red tape of the situation. I am looking for a discussion on all these issues and more, and if you have concrete information about any of those places, that would be even more helpful."
This is extremely broad and hard to answer.
I've managed small brick and mortar business in Thailand and there is tons of rules and regulations and there's lots of changes depending on the industry you are in, as well as which country you are from.
I think you're much better off getting this information on forums dedicated to each specific country. Go to Thaivisa.com and post your questions regarding Thailand there and you'll get much more info.
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Starting Businesses Outside Home Country
06-29-2015, 05:29 PM
Quote: (06-29-2015 05:24 PM)RioNomad Wrote:
"My question to you guys involves everything with starting a business, obtaining the correct visas, foreign investment limitations, legality of the processes, tax deferrals or issues with taxation (get an accountant always), and all the other red tape of the situation. I am looking for a discussion on all these issues and more, and if you have concrete information about any of those places, that would be even more helpful."
This is extremely broad and hard to answer.
I've managed small brick and mortar business in Thailand and there is tons of rules and regulations and there's lots of changes depending on the industry you are in, as well as which country you are from.
I think you're much better off getting this information on forums dedicated to each specific country. Go to Thaivisa.com and post your questions regarding Thailand there and you'll get much more info.
I'm looking for all issues with going into another country, then will take those issues and research them with regards to each country/province and potentially down to the city I plan to get into. So with regards to issues I have:
-Visas (both personal and business related)
-Applications (with regards to entry)
-limitations on foreign investment and informing the government (anything less than 231 million in Aus is fair game)
-Legal issues regarding the industry
-Taxation treaties or double taxation
I know I'm missing a ton, so if you can give me examples of some of the regulations and issues you ran into, I'm just looking for a discussion on all things international business.
"Money over bitches, nigga stick to the script." - Jay-Z
They gonna love me for my ambition.
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Starting Businesses Outside Home Country
06-30-2015, 02:59 AM
I've often thought about this. I wish there was someway you could ask the state: "I am about to start a business. Under what circumstances will you attack me?", and get a clear comprehensive list.
It'll depend mostly on the country. Better to ask in country specific forums.
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Starting Businesses Outside Home Country
06-30-2015, 07:45 AM
It varies country to country, id say narrow it down and focus on those locations. Also get a lawyer and accountant that can point you in the correct direction, I've started a business in an EU country though we will focus on US customers. There were a lot of rules and regulation that we just don't have in the states. So much so it's taken quite a few months (ten to be exact) to get all the paperwork finalized.....
"I got no game it's just some bitches understand my story." Nas