Global Entity Setup

Global Entity Setup

south_america
north_america
africa
asia
europe
australia
세계지도
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NORTH AMERICA
SOUTH AMERICA
EUROPE
AFRICA
ASIA
AUSTRALIA

Purpose of Overseas Entity Setup

  • Market Expansion and Global Business Opportunities
    Through local entities, businesses can get closer to local customers and partners, enhancing competitiveness and creating new revenue streams.
  • Resource Utilization and Cost Savings
    Utilizing local workforce, technology, facilities, etc., can boost productivity and cut costs. Moreover, leveraging specific advantages and benefits of foreign markets can optimize expenses such as customs and taxes.
  • Risk Diversification
    To mitigate exposure to economic and political risks in specific countries or regions, diversifying into overseas markets can distribute a company's risk.
  • Enhanced Local Marketing and Customer Service
    Hiring employees proficient in local culture and language, and developing products or services tailored to local consumer needs, can enhance customer service quality.
  • Establishment of Local Business Relationships
    Building relationships with local suppliers, collaborators, and agencies establishes a network and partnerships in local markets.

Considerations for Overseas Entity Setup

Market Research and Assessment

Analyzing market competition, consumer behavior, regulations, laws, business culture, etc., is crucial to ascertain whether a company's products or services can meet demand successfully.

Legal and Regulatory Requirements

Different countries have varying legal and regulatory demands for entity types, establishment procedures, capital procurement, labor laws, local regulations, taxes, etc. Understanding and adhering to foreign legal and regulatory requirements is vital.

Capital Procurement and Financial Planning

Securing the required capital for establishment and planning finances for setup, operational, labor, and market entry costs are essential steps.

Local Partners and Networking

Collaborating with local partners or experts helps gauge market trends, build business relationships, understand local culture and regulations, and gain insights into the local market.

Workforce Management and Cultural Adaptation

Overseas entities need to employ and manage local workforce. Comprehending and adhering to workforce management, hiring processes, labor contracts, labor laws, and adapting to local culture are important.

Tax and Accounting Requirements

Understanding and complying with tax and accounting regulations in each country is crucial, including tax filings, financial reporting, accounting principles and regulations, currency controls, etc.

Why with Blueback Global?

  • Expertise and Knowledge
    Blueback Global possesses specialized expertise and knowledge related to overseas establishment.
  • Local Networks and Partnerships
    Blueback Global has established networks and partnerships worldwide.
    Collaborating with local professional partners allows sharing of services, resources, and information and provides insights into local market dynamics.
  • Ensured Legal and Regulatory Compliance
    Blueback Global places great importance on adhering to legal requirements and regulations.
    It offers support in accurately executing necessary legal procedures, requirements, accounting, tax obligations, and related regulations for overseas establishment.
  • Cost and Time Savings
    Overseas establishment can be complex and time-consuming.
    However, partnering with Blueback Global can help reduce the time and costs associated with the establishment process.
  • Integrated Service Delivery
    Blueback Global provides various services needed for establishment. Through comprehensive service delivery, companies can receive all necessary support from a single provider, enhancing consistency and efficiency during the market entry process.