Going global! It’s a great opportunity and a lot of work! Companies are opening operations in new countries to support their global clients on a local basis, to seek new streams of revenue or to reduce their production costs.
Going global is a complicated proposition. Not only do you have to figure out how to market your products, you have to determine how to operate in a new environment. You now have to understand how to manage multiple currencies, numerous sets of changing tax laws, additional compliance and regulatory requirements as well as complicated employer/employee legal relationships. And, these issues do not exist in a static environment-they are all interrelated and are in a constant state of change. The result is a rapidly changing environment in which decisions about your tax structure will impact your legal structure and decisions about managing employees will have both tax and legal consequences. Launching into this
environment without specialized knowledge is costly to your finances and painful for your customers and your employees.
That’s where Birchtree Global can help. Our business model is simple. We start with a talented team of CPAs, lawyers, tax specialists, immigration and HR experts in the U.S. that have worked together for years, helping hundreds of companies from start up to mid size open new global operations. Then we leverage our managed network of colleagues around the world to get your firm established quickly and efficiently while simultaneously helping you manage the transition risks. We focus on the back office work so you can focus on building your business.
If you look inside our “Company in a Box” integrated start up services you will find the following areas of expertise:
Global Financial, Accounting and Tax Services
From a financial, tax and accounting perspective, going global is more than just setting up a new set of books. Your financial model will change, you’ll be operating in a new regulatory environment, you may have different statutory reporting requirements and tax planning becomes crucial. The impact of these dynamic and complex factors, as well as the effect of cultural, economic and technological issues, cause the tax planning, financial reporting and compliance issues for the newly global business to become more complicated.
We understand not just the requirements for the U.S. regulators, but also the tax, accounting and statutory reporting requirements in more than 70 other countries. With that knowledge we help you go global by:
- Creating an optimal worldwide financial strategy
- Setting up local accounting structure
- Determining tax reporting requirements
- Setting up process for tax and other statutory reporting
- Helping identify local accounting and tax support as needed
- Tax planning and implementation for international personnel assignments
These are just some of the areas where we can help you create a strong financial and accounting backbone for your global operations.
Global Legal and Immigration Advice
The Foreign Corrupt Practices Act, Data Privacy Legislation, Shelf Company Purchases, Articles of Incorporation, Apostilled documents.…are just a few of the complex issues that will affect your new global business. Setting up a global business requires a whole new set of legal skills to address these and other issues.
Our team can help you set up your global business by providing advice and counsel around issues of incorporation, company registration, shelf company purchases, completion of Data Privacy documentation, immigration and expatriate services, and document translation. We’ll help you identify the right foreign legal counsel to help with your specific needs and ensure they are effectively contributing to the process.
Global Human Capital Services
Managing human resource issues in foreign locations is complex. Birchtree Global helps organizations headed for global markets achieve significantly greater financial returns by identifying, evaluating and solving the key human resources issues critical to the success of the operation.
The employer/employee legal relationship is never the same from one country to another. What you take for granted in your home country can cause you serious legal and financial harm in another… Decisions made with respect to human resources, both local and ex-patriot will always have a significant impact on the legal position of the company and will have a profound impact on tax and financial returns.
Our services help you to identify and manage the key issues in staffing, compensation, performance management, benefits, and expatriate management while simultaneously identifying the legal and financial ramifications of these decisions. This is not just good human resource decision making, it is good company management.
Building a Business in the U.S.
International companies opening offices in the U.S. face the same complexity as U.S. companies going abroad. What and where should you incorporate? What’s the right corporate structure to optimize tax benefits? Where are the state and government incentives to open businesses? How do we pay people? How do profits get back to the home country?
Navigating the dynamic regulatory, tax and general business challenges, our team works together to ensure that all levels of accounting, tax, legal and HR are optimally addressed. We can help by:
- Identifying the best state in which to operate based on your business needs
- Identifying state incentives for foreign incorporation
- Executing the legal and incorporation requirements
- Determining a strategy for leveraging both local and ex-patriot employees based on local labor laws and employment trends
- Establishing local accounting recordkeeping and requirements
- Protecting your intellectual property and proprietary information
- Organizing the HR activities and explaining the employer/employee relationship
These are just some of the things that need to be done right the first time! In addition, you know you’ll be competing against U.S. based firms who will have the advantage by knowing the HR, legal and financial minefields. But with our help you can set up your business in the U.S. to compete effectively.