How to work with foreign law firms, accountants and corporate secretaries for global business expansion
As an in-house counsel or a lawyer, if you were asked to assist your employer or client to help them with establishing a presence in a new country where would you start? It’s a country whose economy, laws and market you know nothing about. The first step that you will take, like we do for anything from headaches to politics, is to Google search things about the country, maybe go through relevant websites and blogs about the country and go through a few “Doing business in” guides that are available. However, in most cases this will not be comprehensive and reliable information. This is a huge decision for the business and it is going to involve investment. You cannot therefore afford to get it wrong. You have to find a source which you can rely on as being correct and comprehensive. You need a source which can confirm the precise entry methods and procedures to you. This is only one of the reasons why you will need a local foreign law firm or accounting firm to support you. Even if you ...