The commercial interests of many companies are not limited to the domestic market. For various business entities it is extremely important to enter the international arena, providing the development of new sales markets, expansion of the consumer audience and opportunities to attract large investors and partners. For these reasons, legal services for international business are very popular among many entrepreneurs.

WordTech offers a full range of services for comprehensive support of business abroad. Our understanding of international commercial relations and foreign legislation allows us to set up all important business processes and ensure compliance with all rights and obligations of participants in foreign contacts.

Advantages of legal support for international business

Globalisation has brought significant changes to the way businesses operate. It has created global business opportunities and pushed the world economy towards international integration by removing trade barriers. There is also a change in the preferences of customers due to the possibility of getting any goods, services from foreign countries.

Legal support for international business takes into account these factors, as well as the various problems faced by businesses when operating in the global market. Based on this, qualified legal assistance offers ways of solving certain problems arising in the course of opening and subsequent operation of a business in any industry abroad. There are other, quite obvious and not so obvious, advantages of using comprehensive legal consulting.

Time, resource and financial savings

Legal services, especially in the form of outsourcing, provide savings on administrative costs – there is no need to rent and staff additional workplaces. Hence the possibility to reduce tax payments, other charges on employee salaries and other costs. If it is necessary to provide legalisation of international business on a temporary basis, there is also a reduction in costs – there is no need to spend business resources first on finding and hiring employees, and then on settlements upon their dismissal.

With comprehensive service, the business owner gets more time to conduct business without being distracted by legal formalities, defending interests in court, etc.

Risk mitigation and prevention of legal problems

The modern business world is filled with all sorts of risks that any company can face. The key factor of success in this state of affairs is the availability of effective legal risk management. Legal services to support international business can provide protection from potential losses, problems and conflicts. Qualified professionals can help determine which regulatory requirements are critical to comply with and what resources need to be allocated to fulfil them. They can help you implement corporate rules, conduct internal audits and other important measures, ensuring that your company is ready to quickly adapt to new rules and laws.

Strengthening the company’s reputation

Reputation is a reflection of business qualities, reliability of the company. The trust of customers, partners, investors and, consequently, profit and business success depends on how strong and clean it is. It can take years to build a business reputation, and to tarnish it, it is enough to make one mistake. Legal support will provide your international business with the necessary resources to strengthen the positive image of the company and protect it from various encroachments.

Support in dealing with complex issues

In the course of mergers, acquisitions, shareholder claims or contractual issues, various disagreements may arise. Legal support for international companies ensures their peaceful and fair resolution. Qualified lawyers with in-depth knowledge of international corporate law will be able to properly assess the scope, nature and substance of the dispute. They will determine the most appropriate method of resolving complex issues and will then apply an effective legal assistance strategy.

Key legal issues in international business

When conducting international business, it is crucial for entrepreneurs to consider a number of aspects to avoid problems with the law of a particular jurisdiction:

Labour law – there are a number of legal issues that need to be addressed in relation to human resources. These include, but are not limited to, drafting contracts, checking wage laws and other terms and conditions of your company’s employee labour arrangements. Knowing the rights of employees at the collective bargaining level in a particular jurisdiction is also important.

Intellectual Property – issues to protect the company’s intellectual property, such as the use of patents, trade mark protection, domains and copyrights.

Contracts – in addition to understanding the rules for drafting employment contracts with company employees, there are a number of rules that entrepreneurs looking to venture into international markets should be aware of. This is essential for drafting really safe contracts for each party.

Buying a business – One of the most common strategies for expanding an international business is to acquire another company. From a legal point of view, this is a complex process for which transparency is important. International business legal services can provide this transparency by, among other things, removing potential language and cultural barriers.

Taxation – tax rules differ depending on the country where the business is located. The company’s international presence should be accompanied by qualified legal support.

Data protection – efforts are underway to harmonise data protection rules. However, the reality is that knowledge of national laws in this area and compliance with them remains one of the main legal issues in international business that should be taken into account.

Business legal support services

A business can develop sensibly if you rely on specialised legal support from the outset and are confident that any problem will find its solution at the right time. In most cases, the idea of starting a business is largely based on one’s own resources, at least at the initial stage. But when it comes to international expansion, the situation changes radically. Specific legal services are required for an optimal start and development of the business according to the entrepreneur’s expectations. Below we offer to familiarise you with some of them.

Legal advice on company registration

When deciding to open a business in a foreign country, you should make sure that you know the legislation concerning the relevant procedures. The best way to do this is with the help of Lawrange Law Company., whose specialists will help:

with the preparation of the necessary documents for the establishment of the company in strict compliance with the current legislation;

organize cooperation with the relevant authorities where the founding documents are filed;

choose a banking institution with which you will cooperate in the future;

resolve other issues related to registering a business in a foreign country.

Support for the recruitment of foreign workers

Branches and subsidiaries can be opened without much effort, especially if you have specialised help. In the case of hiring workers from your country of origin, you will need an immigration lawyer with experience in the relevant field. Depending on the jurisdiction in which your company’s staff is coming from, a work permit may be required.

In most cases, the legislation is permissive in nature and the procedures for issuing the relevant permit at the same time as the residence permit are considerably simplified. The employer can co-operate directly with a law firm to settle all legal issues related to the staffing of the firm.

Legal support of investment activities

Legal assistance in investment activities allows to protect investments and interests of all investors. With our help, you will be able to attract investments, reduce possible risks and create favourable conditions for business development. The service of legal support for investment projects involves structuring transactions, organising negotiations, business meetings with investors, developing investment schemes, selecting suitable jurisdictions and much more. When forming assets with subsequent project realization, we ensure commercial confidentiality and legal purity of documents.

Contractual analyses

This is an important type of legal activity, which implies the application of the lawyer’s knowledge of international law and the legislation of a particular jurisdiction. The analysis of contracts helps to prevent legal errors fraught with various unpleasant consequences up to the loss of goods, profits or interaction with fraudsters. Provision of such service is necessary for everyone who wants to reduce risk in the supply of goods, services, settlements, currency and export control. Contract analysis can be full or partial, depending on the terms of the transaction.

International finance and taxation

International businesses must be prepared to take on challenges in a new global environment. Tax and regulatory compliance in the global marketplace is constantly changing. Tax and regulatory issues are gradually moving to a new horizon. Lawrange Law Company. has a team of dedicated international practitioners and professionals in the field of law and taxation. With technical knowledge and expertise in practical areas, we can provide international businesses with the ability to manage the risks associated with numerous tax processes and laws around the world.

Assistance in organizing and managing cross-border operations

Cross-border transactions are one of the important components of the global economy. This type of activity involves crossing state borders for commercial purposes. Cross-border transactions are characterized by certain complexities associated with the need to comply not only with various legal and regulatory norms, but also with cultural and linguistic differences. Constant changes in the process of cross-border payments lead to the emergence of new business models and trends that change the volume of global transactions. These and other aspects are taken into account by the lawyers of Lawrange Law Company when organizing cross-border transactions.

Choice of the form of international representation

After drafting a business plan and other important steps, the entrepreneur needs to decide on the legal form of the company. There are various Organization forms with their own peculiarities and nuances. The main differences include the degree of publicity of the enterprise and its management system. The following forms are most often used when creating an international company:

Partnership – two or more partners come together to form a business. There are different types of partnerships.

Corporation – this form involves separating the ownership of the firm from its management, as the corporation exchanges shares for ownership and the shareholders are not liable for any legal obligations or debts.

Limited Liability Company (LLC) – is a hybrid form of business, something between a corporation and a partnership, it is easier to incorporate while avoiding double taxation of income.

International Business Corporations (IBC) is one of the most popular offshore tax forms, which does not imply payment of taxes on global income. IBC has the lowest requirements compared to the above forms.

Choosing the right Organization form for your business requires extensive research and in-depth knowledge of the laws, rules of the foreign jurisdiction, so it is better to consult our experts to make the best decision.