Friday, February 21, 2014

What are some factors a firm needs to consider when deciding to conduct business in a foreign country?

What are some factors a firm needs to consider when deciding to conduct business in a foreign country?
All questions you are are related to riskPolitical stabilityinflationcurrency fluctuationsregulatory controls (eg anti-money laundering)legal requirements on you (eg employee insurance)taxation requirements on you (eg you don't pay tax on their shipping costs)If you can think of a risk, cover it.It's always best asking your country's trade office at your embassy in the country you're thinking of.

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