Hong Kong with its open trading environment has a large market of its own and is a strong trading partner. Innately linked to China, Hong Kong is one of those places with a synergy of ethnicity and foreign practice.

Mexico is a delicate balance of history and innovation. There has been substantial improvement in ‘The United Mexican states’, (official name of the country).

Tax authorities around the globe have become more aggressive in the transfer pricing arena. It is important to be informed regarding the introduction of stricter penalties, increased information exchange, increased audit and inspection activity to ensure that expensive penalties can be avoided later.

China recently issued a draft detailing Information Security Technology Guidelines for Personal Information Protection, the latest in a series of efforts to address rising data privacy concerns amongst locals and corporations in the country.

The Australian Tax Offices (ATO) has set out new rules on transfer pricing for business restructuring by multinational enterprises. The ruling defines ‘business restructuring’ as arrangements of multinational enterprises by which functions, assets and /or risks of a business are transferred between jurisdictions.

In the extremely competitive and complex marketplace, it is imperative for anyone doing business overseas to be extremely cautious

Before setting out on doing business overseas it is absolutely imperative for an entrepreneur to do their homework. Before embarking on a business venture in Japan, it is vital to prepare properly.

Nair & Co., a global integrated solutions provider helping companies with international expansion plans, today announced that it is compliant with the Statement on Standards for Attestation Engagements (SSAE) No. 16.SSAE 16 is the new assurance standard, which replaces the previous leading standard for guidance regarding assurance reports for serviceorganizations, SAS70, and is effective for periods on or after June 15, 2011.

While most businesses are largely supportive of the government's plans to reduce the UK Budget deficit, they are divided on whether the government is doing enough to stimulate enterprise. Almost 64 percent of companies feel that the measures outlined in the UK Budget will have a positive effect on their business, with nearly 28 percent stating that the Budget will have a positive effect on their staffing levels.

Canada is known as the entrepreneurial Garden of Eden. The fundamental balancing act of all business ventures is low risks and high gains, and if you are ready to make a leap, Canada may be just the perfect place to land. As the natural resources of Canada run as deep as its waterfalls, there is ample investment and blue collar opportunity in Canada.

Bahrain, the sunny Persian Gulf, with over 8 million tourist visas per year, is associated with a progressiveness that also reaches its business culture. The Middle East, with its reputation as centre for glitz, glamour and excitement is a popular destination with the jet set.

Despite the current economic climate there is no shortage of companies seeking to sell their products and services in to the International market. Since the turn of the year, we have seen a resurgence of interest in driving sales activity in the EMEA region and companies seek to achieve this by putting a small number of feet on the street in one or more countries.

Are you contemplating expanding your enterprise in the international market? The lure of far off lands is hard to resist, and more and more entrepreneurs are aiming for global markets. Entering the market when there is government supported demand for your product will increase the likelihood of your success.

The Argentine economy is expected to continue to grow strongly in 2011 driven by the same factors that yielded such favorable results in 2010. The economy rebounded sharply in 2010, growing by nine percent, from the relatively mild effects that the world economic crisis had on Argentina in 2009. There has also been a rebound in the GDP which has been triggered by the expansionary policies and commodity exports.

As the fledgling European Coal and Steel Community of the early 1950’s matured into the current EU, member countries individually abandoned a complex mix of sales and use taxes in favor of one common EU-wide tax scheme. The recently implemented EU VAT package simplifies and modernizes the EU VAT legislation. The age old debate of which EU country is entitled to VAT on a particular service ends with these new rules, eliminating double taxation risk for companies operating in The EU.

Almost sixty-five percent of all companies trade globally today. Expanding business overseas can be extremely overwhelming with a large number of taxing regulations, labor laws, stock options, etc. that need to be dealt with.

The key component of any business is its workforce. It is very important to have a motivated, flexible and supportive staff to take your business to greater heights.

Financial benefits are critical in determining the country where a company needs to be set up. As the main goal of a business is to make profits, the incentives offered by a government makes it all the more attractive to set up business in a particular country.

Tax planning is a year-round event if you want to minimize your business's tax bill. Compared to local markets, doing business internationally presents some unique challenges.

Dr Shan Nair on May 5 was named the recipient for the 2008 Outstanding 50 Asian American in Business Award, presented by the Asian American Business Development Center