Expanding overseas is an excellent opportunity for your company to test and enter new markets and encourage international growth. Many countries, though, mandate that companies based in other nations set up a...
Read MoreExpanding overseas is an excellent opportunity for your company to test and enter new markets and encourage international growth. Many countries, though, mandate that companies based in other nations set up a subsidiary to operate within their borders.
Reading Time: 2 minutes
Expanding overseas is an excellent opportunity for your company to test and enter new markets and encourage international growth. Many countries, though, mandate that companies based in other nations set up a subsidiary to operate within their borders.
Suriname, a small and thriving country in South America, requires international companies to incorporate before employing a workforce and operating. This process can be complex, so many employers turn to Globalization Partners and our subsidiary outsourcing services for help.
You can choose the business model you adopt for your subsidiary. This country allows:
Most companies choose to set up a LLC or sole proprietorship. Keep in mind that certain business models and companies in specific industries require extra documentation, such as a business license or nuisance permit.
Before your company begins establishing a subsidiary, make sure you have:
Operating a subsidiary has several benefits. Namely, a subsidiary creates separation between your parent company and international entity, giving both companies more freedom. Your subsidiary can make independent creative decisions and manage its own administrative tasks while promoting your brand.
Unfortunately, setting up a subsidiary involves incurring several expenses. Plus, the new entity is responsible for any oversight when following local and national laws. If your subsidiary’s management makes a mistake, your company may experience penalties such as fines. In the worst case, you could lose your trade license.
The cost and risk associated with getting up a subsidiary create the need for other solutions. At Globalization Partners, we’ve partnered with established companies in 187 countries. When you choose our subsidiary outsourcing services, these connections allow you to expand into a new country without setting up your own business entity.
Our support representatives and legal team can provide more information about country-specific subsidiary laws and how we ensure full compliance. Reach out to us today for more information about our Suriname subsidiary outsourcing solution.
If you’re ready to grow your business, or you have questions about a specific country, complete the form. One of our experts will be in touch shortly.
