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At what point can I open an office abroad?

Discussion in 'General Business' started by HikJ, Apr 2, 2016.

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  1. #1
    I'm currently living in third world country and run a very big online business with one other partner. We wanna move to first world country, open an office and hire some people.

    I wanted to ask:
    1) What would you say an online business has to make on average to be able to afford to open a small office for expanding? Running costs are pretty small.
    2) What are the laws around this? How would you go about opening an office for existing business in first world countries? What are the requirements? How would visas work?
     
    HikJ, Apr 2, 2016 IP
  2. sarahk

    sarahk iTamer Staff

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    #2
    You need to decide which locations will work for your products and write a business plan - if it's feasible then you can make a start, if not then start again with another location.

    Without knowing what you sell or which counties you want to move to it's Impossible to elaborate.

    On top of the costs of establishing a physical business you have to consider the immigration rules and requirements.
     
    sarahk, Apr 3, 2016 IP
  3. Ditmar

    Ditmar Well-Known Member

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    #3
    First of all you need to decide on which country you want to move.
     
    Ditmar, Apr 3, 2016 IP
  4. Bitpalace

    Bitpalace Greenhorn

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    #4
    For Western European countries excluding Switzerland and Sweden: You need to generate approximately 4000 €/month to be able to rent a very small office and pay a decent salary plus taxes and social security. A typical salary will be somewhere around 2000 €/month, add 700 €/month employer share of health insurance and other social security contributions. A typical, low-price rent for business space in a larger city will be around 15 €/m² (15 €/11 sq ft). Typical utility costs for a small space will be around 150 €/month, then you need a phone, a cell phone, some other extras ...

    You will normally not get a visa unless you make a substantial investment and create sustainable jobs for non-relatives. This applies to both, the U.S. and European Union. A "substantial" investment is normally something in the area of a few hundred thousands and up.
     
    Bitpalace, Apr 3, 2016 IP
  5. chellosp

    chellosp Well-Known Member

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    #5
    Go to Panama: low transaction fees, low taxes, no questions asked about your money and beautiful beaches.
     
    chellosp, Apr 4, 2016 IP
  6. slackhead

    slackhead Member

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    #6
    Not to mention why you would need to move to a different country to operate then what was already successful
     
    slackhead, Apr 5, 2016 IP
  7. sarahk

    sarahk iTamer Staff

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    #7
    Maybe they want to move somewhere and are happy to go to wherever they can relocate their business easily?
     
    sarahk, Apr 5, 2016 IP
  8. Malika.Sharma

    Malika.Sharma Active Member

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    #8
    This would depend on where you are going. Relocating to a first world country would also mean expenses going 10x. What is a profit in a third world country would be nothing in a first world country.

    In Auckland, New Zealand you would be looking at spending $4000 for your personal use. For having a brick and mortar office, you would burn a lot of money.

    Getting visa on business basis would require over $100,000 investments.
     
    Malika.Sharma, Apr 6, 2016 IP
  9. MurrayRothbard

    MurrayRothbard Well-Known Member

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    #9
    "1) What would you say an online business has to make on average to be able to afford to open a small office for expanding? Running costs are pretty small."


    Well first you have to need the office. Just because you can afford it doesn't mean it will benefit you. With an office you are looking at rent, bills, additional salaries from the staff you are going to hire. So I'd want at least 10k usd more gross income coming on account of the office to cover all the additional expenses.

    As for the laws, I think you should be okay so long as you have a native partner but I am not a lawyer.
     
    MurrayRothbard, Apr 8, 2016 IP