Deciding to set up a subsidiary will depend on many factors. Obviously the main one is the reality of a market opportunity and an attractive project, but there are some others that we would like to highlight and for which companies need tax legal advice in company incorporation to make the best decisions:
Need to hire personnel in the destination country, although this could be solved by using our personnel outsourcing service, so that the company has personnel hired on our payroll.
Requirement to be locally incorporated to develop the project (public tenders, local invoicing, etc.).
Importance of having a local presence, showing proximity to the customer.
Inability to be price competitive with local companies, especially for tax reasons.