The Philippines is an ideal country for U.S.-based countries looking to expand internationally. Their economy has consistently been among the fastest growing in the ASEAN region, making it one of the quickest growing markets globally.
The 2018 implementation of the General Data Protection Regulation (GDPR) shook things up in the European Union, with its impact affecting countries all over the world. As people battled for transparency and information consent, this law was intended to resolve many of those concerns.
Creating a legal entity is a complicated and time-consuming endeavor, especially during global expansion. As companies expand into new markets, they begin taking the necessary steps to establish a legal entity in their desired countries of operation.
A Wholly Foreign-Owned Enterprise (WFOE) is an established organization that is fully owned by a foreign investor or international shareholders. As its own autonomous financial legal entity, the organization bears all lawful obligations independently.
Government officials in Brazil have introduced the “Balcão Único” initiative, streamlining the incorporation process for companies. With this new system in place, companies will be able to save time and money in efforts toward getting their business up and running.