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Whether you’re trying to gain access to international markets, have a product or service that is more appealing to a foreign market than domestic customers or simply want to take advantage of a new business-friendly environment, there are many reasons for starting a business overseas.
While such opportunities can be extremely lucrative, they don’t come without their fair share of challenges. By being aware of the potential pitfalls that come with international business, you can get your own company started on the right track.
1. Tricky tax situations
Operating a business overseas will naturally introduce new tax complications in addition to what you would already deal with running a domestic business. If your business is based in the United States