As you explore the best strategy for your global expansion, make sure you understand the costs and risks that could apply when creating a local entity, including:
- International banking
- Tax liability
- Labor laws
- Cultural factors
Setting up a local entity in your target countries will likely be more complex and costly than expected, especially with regard to your global tax strategy.
To quickly gain an international presence, Global Employment Outsourcing (GEO) could be a smarter and more cost-effective alternative to establishing an entity.
Read our ebook explaining the costs and risks of entity setup vs. GEO and learn whether creating an entity is the right path forward for your organization.