Online trading has made it possible for businesses to reach new potential customers overseas and has allowed access to a much wider market. Understanding your overseas market may lead to you setting up or expanding abroad either by setting up a branch, an overseas subsidiary or co-employment. An increasing number of UK businesses are trading internationally, particularly in the United States which is hardly surprising given they have the world’s largest GDP (Gross Domestic Product).
IMAGE: PEXELS
Although the US ranks as 8th in the world for ease of doing business, there are a lot of factors to consider. State laws, time differences, salaries, the talent pool, transport links and the cost of hiring are all key considerations. You may be wondering where to start when expanding overseas.
Foothold America has created a free e-book about setting up a company in the US, explaining the process required to hire employees based in America as well as costs involved, frequently asked questions and ballpark figures. The e-book “Expanding your Business into America” guides you through the three routes into setting up in the US, the visas available for non-US citizens, taxation and much more.
If you are interested in even more business-related articles and information from us here at Bit Rebels, then we have a lot to choose from.
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