Internal

Law Firm

Accountant

Consultant

1. Scoping

    a. Decide whether international expansion is required

x

x

    b. Identify country

x

x

x*

    c. Identify local laws, regulations, licenses

x

    d. Choose entity structure

x

    e. Identify office space

x

x*

2. Incorporation/registration

    a. Complete and submit forms

x

x

    b. Draft board resolutions and minutes

x

    c. Draft articles and bylaws

x

    d. Draft powers of attorney

x

    e. Coordinate notaries

x

x*

    f. Submit and track documents

x

x*

    g. Meet with local authorities

x

x*

    h. Open bank accounts

x

    i. Obtain registered agent

x

x*

    j. Transfer initial funds to capitalize new entity

x

3. Initial Compliance

    a. Register entity for income, sales, and payroll taxes

x

x

x*

    b. Obtain necessary licenses and permits

x

x*

    c. Establish compensation policies and procedures

x

x

    d. Establish personal data policies and procedures

x

x

    e. Establish termination and anti discrimination policies

x

x

    f. Establish accounts per local accounting standards

x

x

x*

4. Ongoing Compliance

    a. Maintain and file annual accounts and returns

x

x

    b. Hold annual general meeting as necessary

x

x

    c. Maintain books and records

x

x

    d. Renew business licenses

x

5. Other

    a. Draft and negotiate office lease agreements

x

x

    b. Protect intellectual property

x

    c. Draft and negotiate commercial contracts

x

    d. Take advice on threatened and actual litigation

x

    e. Establish foreign exchange strategy

x

x