If you’ve identified an opportunity in expanding your business overseas particularly to the US, you aren’t alone. America has the world’s largest gross domestic product by more than $7 trillion second largest to China, in 2018.
Whilst America is ranked as one of the top ten easiest countries to do business in, there are several things you should consider first. If you’re looking to relocate yourself, you’ll need to consider visa options, opening a US bank account and in which state to establish your business. Alternatively, if you’re looking to hire US-based employees, you need to consider the three options into employing people in the US.
Setting up a branch office, a subsidiary, or a co-employment are the most common routes; each with their own levels of risk, long term cost, set up costs, and time-frames. Foothold America have created a free guide to US expansion to help you every step of the way as well as an info-graphic full of top tips and considerations.