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Starting a Business on a Passport – Is Your Business Foreign?

Starting a Business on a Passport – Is Your Business Foreign?
emrclk( emrahclk@hotmail.com )
25 Eylül 2021 - 0:23

 

 

Getting a feel for the technical requirements involved in starting a new business is one of the biggest deterrents from many potential American citizen’s deciding to take the plunge and begin an international business. The United States government severely limits the amount of time a person can spend in another country, as well as their possessions while in that country. Thus, starting a business in a foreign country without a plan, a proven track record, and substantial capital required can be a very tough obstacle to clear. In addition, most countries require some form of government certification or licensing before offering the opportunity for start-up. This can take months, and many entrepreneurs choose to forego it.

One of the reasons for the lack of interest is the perceived technical complexity of establishing a business in a foreign country. Many entrepreneurs think they need to have access to a massive amount of capital, operate a huge operation, and deal with a multitude of governmental requirements. However, all of those things are not necessary, and it is possible to have your business up and running in less than two weeks, if you follow the correct plan. Start-up documentation alone is usually not sufficient. However, by hiring an expert, who specializes in immigration law, it is possible to avoid the need for start-up funding and use your citizenship to establish a valid business.

In order to become eligible for a United States citizenship, the applicant must meet a number of requirements. In general, one year of residence in the host country is required, although this is very specific and varies by each country. Most business owners do not need more than one year of residence, so a one year residency is usually sufficient to satisfy all of the necessary documentation requirements. Starting a business is not always easy, but with proper planning and assistance from a specialized company, even the most daunting obstacles can be easily cleared.

 

 

 

Getting a feel for the technical requirements involved in starting a new business is one of the biggest deterrents from many potential American citizen’s deciding to take the plunge and begin an international business. The United States government severely limits the amount of time a person can spend in another country, as well as their possessions while in that country. Thus, starting a business in a foreign country without a plan, a proven track record, and substantial capital required can be a very tough obstacle to clear. In addition, most countries require some form of government certification or licensing before offering the opportunity for start-up. This can take months, and many entrepreneurs choose to forego it.

One of the reasons for the lack of interest is the perceived technical complexity of establishing a business in a foreign country. Many entrepreneurs think they need to have access to a massive amount of capital, operate a huge operation, and deal with a multitude of governmental requirements. However, all of those things are not necessary, and it is possible to have your business up and running in less than two weeks, if you follow the correct plan. Start-up documentation alone is usually not sufficient. However, by hiring an expert, who specializes in immigration law, it is possible to avoid the need for start-up funding and use your citizenship to establish a valid business.

In order to become eligible for a United States citizenship, the applicant must meet a number of requirements. In general, one year of residence in the host country is required, although this is very specific and varies by each country. Most business owners do not need more than one year of residence, so a one year residency is usually sufficient to satisfy all of the necessary documentation requirements. Starting a business is not always easy, but with proper planning and assistance from a specialized company, even the most daunting obstacles can be easily cleared.

 

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