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How to Extend Your Business Abroad

Starting a business or expanding an existing one is now easier than ever, considering the multiple options their owners have

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Business
Starting a Business or expanding an existing one is now easier than ever. Pixabay

Starting a business or expanding an existing one is now easier than ever, considering the multiple options their owners have in terms of structures they can employ and even countries they can choose from. While the creation of a new company is usually simpler, the expansion of a business abroad will imply more financial resources directed to finding suitable premises, offices, employment and even production.

When it comes to the structures to be used for expanding a business abroad, the branch office and the subsidiary are the most employed. The creation of a subsidiary in Malta, for example, implies registering a local company which benefits from the same advantages as domestic businesses.

Let’s see what the expansion of a business through these two options implies.

The subsidiary company as an expansion option of a business

The subsidiary will usually be used by foreign companies seeking to develop other activities in the country it will move to. Among the advantages of this structure, we can mention the possibility of choosing the structure under which the business will operate which can lead to an easier incorporation procedure. Referring to the example above, starting a company in Malta under the form of a subsidiary can help investors operate under a limited liability company which is a popular business structure in countries all over the world.

There are also various tax advantages when operating a foreign business under a subsidiary company abroad. Among these, being subject to the same corporate tax, which in certain countries is lower than in the parent company’s home state, can represent a huge benefit when expanding it.

Setting up a branch office in order to expand a company

Compared to the subsidiary, the branch office offers the parent company more control over its activities. This is because the branch office will operate as a satellite of the foreign company, but will also be restricted to completing the same activities of the parent business.

The advantages of the branch office usually refer to more relaxed registration and licensing requirements and cheaper incorporation costs.

Expanding a company in a foreign country is a solution often employed by business owners seeking to diversify their activities and expanding their operations to clients abroad. The advantages of such a decision are often related to increased revenues and also to capitalizing on markets which do not offer the foreign company’s products or services.

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Lenovo India Launches New ThinkBook

Lenovo launches its new ThinkBook in India which will be benefical for SMBs

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Lenovo
Lenovo launched its ThinkBook in India. Pixabay

Lenovo India on Tuesday launched ThinkBook — a new sub-brand dedicated to small and medium-sized businesses (SMBs) in the country.

The company has made two additions to the ThinkBook sub-brand with the ThinkBook 14 and ThinkBook 15 which will be available in the first week of December at a starting price of Rs 30,990.

Backed by customer research, ThinkBook is specially designed for the SMBs, thus, providing a unique balance of premium metal design to appeal to the new workforce with business grade security and services.

“Our vision of smarter technology for all is a world where every person and business has access to technology that enables them to achieve their own intelligent transformation.

Lenovo ThinkBook
This device by Lenovo will be beneficial for SMBs. (Representational image only). Pixabay

“The new wave of young business leaders expects their workplace devices to do more but with a minimalist look. ThinkBook is a perfect fit to fill this existing product gap in the SMB marketplace,” Rahul Agarwal, CEO & MD, Lenovo India, said in a statement.

According to the company, the ThinkBook series allows growing firms to keep a competitive edge in attracting today’s young tech-savvy executives with cool looking yet secure devices.

Wrapped in a lightweight anodized aluminium chassis with a mineral grey finish, ThinkBook 14 and ThinkBook 15 are purposefully built with zinc-alloy hinges.

Also Read- Google Announces New Prepaid Plans for YouTube Premium & Music

The devices are powered by up to 10th Gen Intel Core i7 6-core processor.

To facilitate fast file transfers, the ThinkBook 14 and ThinkBook 15 are built with a USB Type-C port to enhance the device’s capability to get more done.

Both the devices are also equipped with AMD Radeon 625 and 620 graphic cards, respectively. (IANS)