Tuesday November 19, 2019
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The Main Benefits of Opening a Company in A Foreign Country

One of the countries to offer such benefits is Italy, however, specialized advice from accountants or even lawyers is welcome

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In many cases, choosing a foreign country for starting a business has many advantages. Pixabay

In our days, we can virtually open companies anywhere in the world, which is why setting up a business in a foreign county is easier than even. In many cases, choosing a foreign country for starting a business has many advantages, among which lower taxation is one of the most important aspects kept in mind by investors. One of the countries to offer such benefits is Italy, however, specialized advice from accountants or even lawyers is welcome when it comes to the tax matters which need to be considered.

There are also other advantages linked to starting a business in another country, so let’s take a look at them below.

Most countries offer incentives for foreign investors

Setting up a business in another country leads to obtaining various incentives, as many governments have set in place programs destined to attract foreign investors. From tax deductions to specific industries in which one can invest under advantageous conditions, there are countries which offer opportunities a business person cannot find in his/her home country. 

Company, Foreign, Country
In our days, we can virtually open companies anywhere in the world, which is why setting up a business in a foreign county is easier than even. Pixabay

Those deciding to expand their operations through a Romanian branch office will benefit from numerous such incentives created to support foreign investments.

A foreign country can offer a larger market

Those who come from small countries will definitely find more opportunities in larger countries, which is why a foreign country could represent a better market for a product or service. Then, there are also the countries which need specific products and where, once again, the profits can be higher than in one’s home state.

A cheaper workforce can attract foreign investors

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A significant part of the expenses of a company are related to employment which is why many entrepreneurs seek to spend as little as possible on this aspect of a business. This is also one of the few expenses which can be controlled very efficiently by the business owners and choosing a country which offers a cheap workforce from the beginning is definitely a plus for any investor.

Considering there are European and Asian countries which offer cheap and skilled labor force, starting a company in a foreign country for this reason can be a good idea.

There are many advantages related to choosing a foreign country for opening a business and investors will decide the best state based on several aspects which interest them the most, especially when the number of benefits is higher than in the home country.

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End Date of Protected Status for Six different Nationals gets Extended by US

The announcement follows Monday’s news, tweeted by El Salvador President Nayib Bukele, that a deal had been struck with Washington to extend protected status for about 250,000 Salvadorans residing in the US

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The lawsuits in US were brought by civil rights and immigrant rights groups challenging the termination of TPS for nationals of the six countries, which was originally scheduled for early next year. Pixabay

Nationals of six countries who live in the United States under a special humanitarian status will be permitted to stay longer, the US government announced Friday, delaying the Trump administration’s target dates for terminating the program for certain groups.

Officials pushed back the end date of Temporary Protected Status for El Salvador, Haiti, Honduras, Nepal, Nicaragua and Sudan, in order to comply with court orders stemming from ongoing lawsuits, the government said in a document released Friday.

The lawsuits were brought by civil rights and immigrant rights groups challenging the termination of TPS for nationals of the six countries, which was originally scheduled for early next year.

TPS recipients from those nations will have their status automatically extended to January 4, 2021, but with a caveat. While recipients may continue to live and work legally in the U.S. for an extended period, the document released Friday states that, should a judge rule in favor of the government sooner, TPS holders from the named countries will have 120 days from that point to adjust their immigration status or leave the country.

The announcement follows Monday’s news, tweeted by El Salvador President Nayib Bukele, that a deal had been struck with Washington to extend protected status for about 250,000 Salvadorans residing in the U.S., the largest of the TPS groups.

Salvadoran recipients may get an extension for an additional year, pushing the end date to 2022, according to the document and statements by Bukele.

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Nationals of six countries who live in the United States under a special humanitarian status will be permitted to stay longer, the US government announced Friday, delaying the Trump administration’s target dates for terminating the program for certain groups. Pixabay

Friday’s U.S. announcement had been anticipated in Honduras, where earlier this week the country’s news media reported an extension for some Hondurans living in the U.S., based on comments made by Honduran Foreign Minister Lisandro Rosales.

The United States offers TPS to citizens of nations in crisis — sometimes from war, other times because of a natural disaster — who are in the US already and cannot safely return to their country.

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Once the status expires, for example if conditions in the country improve and the U.S. government deems TPS to no longer be justified, its recipients return to whatever status they held before TPS. If they lack legal status, they can be deported. (VOA)