2017 is Almost Over – What are Your Goals For 2018?

As the year is winding down, it’s time to think about improvements for the coming year. What are your biggest pain points in your global operations? Is your US and global payroll integrated? Are you getting on-time, accurate monthly global payroll reporting? Starting with any challenges can help you decide what to improve on for next year. Another consideration is expansion – if you are considering expanding your business overseas, are you prepared to set up business entities and manage overseas employees or expats? Expansion is a great opportunity to grow your business, but getting set up in a new country requires careful planning to ensure compliance with different country regulations.

Ask the Expert: John Galvin – Expanding in the Caribbean

The Caribbean is not just a great vacation destination, it is also an attractive market for expansion. It offers great business opportunities across a range of markets from leisure to financials.

The Caribbean can be challenging for international businesses to setup and service. Many of the islands are so small that it is hard to find a single partner who can service all your business needs across the Caribbean, and each island can have differing currencies, laws, and governance. The compliance issues on Tortola are completely different than in Martinique. Understanding the tax, payroll, and compliance laws before you start saves you time and effort later once you’ve begun operations!

Once you determine which islands you will be operating in, it is vital to get expert advice to ensure compliance with tax laws and regulations of each island. Our payroll and consulting services make it easy for you to setup your business in the Caribbean. Our payroll service covers virtually all the Caribbean islands, while our consulting service enables you to setup and operate your business entity wherever you wish. Talk to us before getting started in the Caribbean.

Is Global Expansion on your 2018 calendar?

Read our latest article on expanding overseas and learn more about holiday traditions around the world:  CLICK HERE