In our first VC Insights post we looked at the timing of international expansion: When should a start-up move into foreign markets?
That leads us to another question: Once it’s time to expand, how exactly should you go about it?
Use of labor dispatch services in China has increased significantly in recent years. For that reason and others, there is a widespread perception that many companies operating in China have been using the practice to circumvent costly Chinese worker-protection laws. In response, China authorities recently amended the country’s 2008 Labor Contract Law governing labor dispatching.
For American and European retailers in a still-struggling economy, the imperative to grow can be as hard to fulfill as it is hard to ignore. Cash-strapped shoppers are still not opening their wallets, as evidenced by the drop in U.S. retail sales last year. As a result, more and more retailers of all shapes and sizes are going abroad to sustain their growth. And it’s a wide-open playing field.
“You have to think globally from the start.”
Does this piece of conventional wisdom sound familiar? If you’re running a start-up, there’s a good chance someone’s slipped you that advice at some point along the way. If you’ve got a SaaS product, you may have no choice.“You have to think globally from the start.”
As global trade continues to evolve, tax authorities naturally follow with stricter regulations designed to close tax loopholes used by sophisticated multinationals. This rapidly changing international tax landscape requires constant vigilance and adaptation of compliance processes for those doing business abroad.