Many ambitious firms reach a point at which setting up operations in another country makes sense. A local presence can help you secure new clients and can offer opportunities not otherwise available to a non-local business.
But wherever you are thinking of expanding, establishing a foreign office can open a number of hidden difficulties if you don’t manage the process properly. This is particularly so in the USA, where complex tax laws, employment laws and intricate regulatory laws can exhaust time and money, slow your expansion and even put you on the wrong side of the law.
At Gedeon Law & CPA, we proactively work with clients looking to expand into the US by navigating the complex tax and legal barriers foreign investors face. We regularly advise clients looking to conduct business in the USA on matters such as:
- Forming the best type of legal entity for doing business in the United States;
- Determining the most favorable states in which to form a US entity from a tax and legal standpoint;
- Understanding the costs of establishing a presence in the USA;
- Complying with the employment and immigration laws applicable to staffing operations in the US;
- Establishing banking and financing facilities; and
- Structuring financial transactions between your US and foreign operations.
Bear in mind, the associated costs, including professional advice, with expanding into a new country can cost more than you expect, so you’ll want to budget for this expense accordingly. But, obtaining the right professional help from the start will ensure you avoid making the even more costly tax and legal mistakes that can result when you go it alone.
Gedeon Law & CPA specializes in assisting businesses who are looking to open offices and do business in the USA. As a dual law and CPA firm, we offer all the related legal, tax and financial services that a foreign investor needs to successfully enter the US market.
Contact us today to schedule a consultation to discuss your specific situation.