What options do I have to expand my company internationally?
November 7, 2022 | 50,00 EUR | answered by Gerald Endres
Dear International Law Attorney,
My name is Max Widmann and I am the managing director of a medium-sized company in Germany that specializes in the production of high-quality sports equipment. Over the past few years, we have steadily increased our market share in Germany and are now looking for opportunities to expand our business internationally.
The current state of our company is stable, and we are experiencing solid revenue growth. However, we are aware that our growth opportunities in Germany are limited and that we need to tap into new markets in order to remain successful in the long term. We have already taken initial steps to identify potential foreign markets, but we are unsure about the legal aspects we need to consider.
My main concern is that I do not have sufficient knowledge in the field of International Law and I am afraid that we may fall into legal traps that could hinder our expansion plans. Therefore, I am reaching out to you to inquire about possible solutions on how we can successfully expand our business internationally without taking on legal risks.
What options do I have to expand my company internationally? What legal framework do we need to consider and how can you support us in overcoming these challenges?
Thank you in advance for your support and guidance.
Best regards,
Max Widmann
Dear Mr. Widmann,
Thank you for your inquiry and your interest in expanding your company internationally. It is understandable that you are considering the legal aspects that need to be taken into account when expanding internationally. International expansion can indeed present a great opportunity for your company, but it also carries some legal risks that need to be considered.
To successfully expand your business abroad, there are various options you can consider. One option is to establish a subsidiary company overseas. In this case, you would create an independent company in the respective country, which would act as a subsidiary of your German company. Another option is to collaborate with local partners, such as distributors or joint venture partners. They can help you better understand the local market and successfully distribute your products.
When expanding internationally, it is important to consider the legal framework of the target country. This includes issues related to labor law, contract law, tax law, as well as customs and trade law. It is important to familiarize yourself with local laws and regulations in order to minimize legal risks. You should also take into account possible international agreements and treaties that could impact your business.
As an attorney specializing in International Law, I can help you assess the legal framework in potential target countries and assist you in drafting contracts, establishing subsidiary companies, or selecting partners. I can also advise you on compliance with international regulations and standards to minimize legal risks and successfully implement your expansion plans.
I am happy to offer you a personal consultation to discuss your specific plans and needs and provide you with tailored solutions.
Best regards,
Gerald Endres
