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- Title
Legal Issues in Setting Up a Business Abroad.
- Authors
Gaskill, Frank J.
- Abstract
The attractiveness of setting up a business abroad is increasing because of reduced trade barriers, and more buyer homogeneity with rising incomes in some areas. Also, reduced opportunities in developed economies have increased the attractiveness of setting up small businesses elsewhere. Entrepreneurs should consider the legal issues of doing business in each country before deciding on the start-up or transplant location. Countries differ in national law approaches affecting the location decision including the approach to regulating business (e.g. common law, civil law, socialist, or Islamic), and on a variety of important issues, (e.g. private property rights, security of investment, repatriation of profits, conversion of currency, contract rights, forum decisions, national court structure and processes, the length of processes, the enforceability of judgments, the perceived fairness of the processes, and the availability, invocation and application of private law processes, the arbitration and mediation of commercial claims, and the recognition of arbitration awards and decisions), which all should be considered when making the location decision.
- Subjects
SMALL business laws; FOREIGN investment laws; TAXATION of international business enterprises; SMALL business marketing; SMALL business finance -- Law &; legislation
- Publication
Ethics & Critical Thinking Journal, 2014, Vol 2014, Issue 2, p32
- ISSN
1547-5425
- Publication type
Article