We evaluate the regulatory framework
Posted: Mon Jan 06, 2025 6:36 am
The assessment should be comprehensive: it is necessary to take into account the requirements for business registration, the need to obtain licenses for your activities, taxation features, labor legislation, rules for concluding and executing contracts and resolving disputes, intellectual property issues, ESG standards, features of currency regulation and cross-border capital movement and, of course, restrictions on foreign investment. It is better to understand all the nuances with an experienced local lawyer.
Please note that the timeframe for opening a business can vary greatly. We are currently entering the UAE, where we need to obtain an Emirates ID (local identity card) and a license to operate.
Because of this, the process takes several cambodia whatsapp phone number weeks. In Armenia and Kazakhstan, there are no such requirements, so you can start much faster - literally in a couple of days. But in Peru, opening a branch took months, including because it was necessary to find a Peruvian shareholder.
And another important point - it is important to constantly monitor changes in legislation, so as not to enter markets where it will be difficult to do business due to stricter regulations. I will give an example from personal practice. Many European countries are now fighting false self-employment.
This is the name given to situations when a person registered as self-employed actually becomes an employee of a company (but without the benefits of this status, such as social security).
Some regions are taking a tough approach to solving the problem. In Germany, for example, companies that engage in Scheinselbstständigkeit (false self-employment) are subject to huge fines.
Managers can even face jail time. Because of this, German players are extremely cautious about cooperating with self-employed people. This also complicates our activities, since the couriers we seek for e-commerce clients often work for themselves.
Choosing a strategy
When entering a new market, there are three basic strategies:
Open a representative office in the country. This means that you need to create a legal entity, rent an office, hire employees, launch operations from scratch and manage the business on the spot. Quite an expensive and complicated option, but it gives you full control and flexibility in decision-making.
Please note that the timeframe for opening a business can vary greatly. We are currently entering the UAE, where we need to obtain an Emirates ID (local identity card) and a license to operate.
Because of this, the process takes several cambodia whatsapp phone number weeks. In Armenia and Kazakhstan, there are no such requirements, so you can start much faster - literally in a couple of days. But in Peru, opening a branch took months, including because it was necessary to find a Peruvian shareholder.
And another important point - it is important to constantly monitor changes in legislation, so as not to enter markets where it will be difficult to do business due to stricter regulations. I will give an example from personal practice. Many European countries are now fighting false self-employment.
This is the name given to situations when a person registered as self-employed actually becomes an employee of a company (but without the benefits of this status, such as social security).
Some regions are taking a tough approach to solving the problem. In Germany, for example, companies that engage in Scheinselbstständigkeit (false self-employment) are subject to huge fines.
Managers can even face jail time. Because of this, German players are extremely cautious about cooperating with self-employed people. This also complicates our activities, since the couriers we seek for e-commerce clients often work for themselves.
Choosing a strategy
When entering a new market, there are three basic strategies:
Open a representative office in the country. This means that you need to create a legal entity, rent an office, hire employees, launch operations from scratch and manage the business on the spot. Quite an expensive and complicated option, but it gives you full control and flexibility in decision-making.