What basic cultural norms do you think foreigners should know about working with people in Japan? In Japan, businesses, especially the big companies tend to behave conservatively and bureaucratically. This causes a barrier to entry for new companies as it’s very difficult to start a business without the transaction these big companies have. It’s much easier if foreigners have connections with medium to big sized companies in Japan. This can be overcome if you find an appropriate business partner, and it will make life easier with regards to doing business here. What is the common opinion of foreign entrepreneurs, coming...Continue Reading →
I reached out to Allan Wilson who has a great blog about living in Asia to ask him a few questions on buying a condo in the heart of Bangkok. Here’s what Allen had to say: Please tell us a little about yourself… I am originally from the Northern Ireland (UK) which is one of the reasons for moving here to Bangkok. I have been living in Thailand permanently for 3 years but have been coming here back and forth for 10 years. In a nutshell, what is the process for a foreigner to buy a condo in Thailand? I bought my condo...Continue Reading →
Aidan, please introduce yourself… My name is Aidan Huang. I’m Singaporean and I founded Onextrapixel, an online web design and development publication in early 2009. What are the challenges of doing business in Singapore? For us, web design and development is not particularly sought after or hot back then. Singapore has always been a follower on trend in the web design and development industry. What advice can you share with entrepreneurs looking to venture into Singapore to start a startup/business? Starting a business in Singapore is actually quite hassle free. The key here is the limited lack of target audience...Continue Reading →
Please introduce yourself Alan… I’m Alan Carr, a freelance copywriter and owner of various niche websites. I have lived in Malaysia for around 10 years, 7 of them very happily married to my Malaysian wife Kartinah. What culture norms do foreigners need to understand when venturing into Malaysia? For most day to day interactions you’ll find it surprisingly familiar and normal for Americans or British people, as it was a British colony until fairly recently and they have generally friendly, fond memories of the British and continue in the same manner. Bear in mind the Malays, who run the government,...Continue Reading →
Please tell us a little about yourself and Path to China? I have been qualified as a legal professional in 2005 after Chinese bar examination in 2004. I have worked for BP affiliates in China for 5 years. I am with Path to China for about one year. Path To China is a professional agent for foreign investment in China, she has helped more than 1,000 foreign individuals and companies in the past 10 years. What are the options for business structures in China? In term of the direct investment, there are mainly Wholly Foreign Owned Enterprises(WFOE), Cooperative/Equity Joint Ventures(JV),...Continue Reading →
Please introduce yourself Dennis…. My name is Dennis Lee, and I am currently the Chief Operating Officer of Eriden, LLC. We are a one-stop technology solutions provider with offices around the world in the United States, Asia, and Europe. I have headed the office here in South Korea for 2 years and help foreign businesses localize their technology products, such as apps, web services, etc. for the Korean market. I also conversely help Korean companies market their technology products to an English-speaking audience, which includes Korean to English translation, localization, and market penetration consulting. What basic cultural norms do you...Continue Reading →
What is an offshore entity in Singapore? Any entity formed and registered (domiciled) in Singapore, who only participates in business activities in other countries outside of Singapore’s administrative jurisdiction may file for offshore exemption after 1 year of operation. What is the difference between an entity conducting no business in Singapore and an offshore entity in Singapore? There’s is no difference in business activities between the two entities. An entity with IRAS offshore exemption has officially filed for exemption with its first annual tax statement to IRAS. When can an entity conducting no business in Singapore be categorized as an...Continue Reading →
In this audio interview I chat with Pedro Godoi from Godoi Consulting on what it takes to successfully do business in Shanghai – the largest city by population in the world. We discuss the following: The differences of doing business in Shanghai over other cities in China The benefits of doing business in Shanghai over Beijing Local business mindsets and networking opportunities Advice on selling into China’s domestic market in Shanghai Options for opening a company in China Tips and advice on doing business in Shanghai and China If you want to connect with entrepreneurs and investors in China (at the time of publishing...Continue Reading →
Why purchase property in Brazil? Brazil is one of a few countries that allow foreign investors to buy land and property in their own names on a 100% freehold basis. The real estate business and property purchase process for foreign investors is straightforward compared to other countries. Currently Brazil is experiencing strong economic growth with stable increases in GDP per annum. The growing tourism industry prompts continual rise in capital gains and high rental yields across the country. Improved air transit times are making Brazil a more accessible location for short term investors and traders. National housing deficit maintains a...Continue Reading →
What is a Trust? A trust is a private legal arrangement between a settlor and Trustees for the trustees to hold certain assets which previously belonged to the Settlor and to use those assets to benefit one or more beneficiaries. The details of the arrangement are contained in a Trust Deed or a Will and the assets held are referred to as the Trust Fund. A trust is a separate legal entity governed by the laws of the Country it is set up in. Who is the Settlor? The settlor is the person who has put money or property into...Continue Reading →
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