Choosing a region for your international operation is a fun and exciting journey, especially if global expansion in APAC is an option for your business. APAC, or Asia-Pacific, is the region of the world near the Western Pacific Ocean. It’s made up of East Asia, South Asia, Southeast Asia and Oceania. The region can also include Russia and parts of the Americas on the coast of the Eastern Pacific Ocean.
For example, the APAC Economic Cooperation includes many economies such as the US, Canada, Chile, and Peru. It’s a forum with 21 Pacific Rim member economies that promotes free trade throughout the region.
Global Expansion in APAC: Doing Business
As is doing business in any global country, rules, benefits, and customs vary in each market in APAC. Given the diverse nature of the region, which typically spans from China to Australia, you’ll face different challenges depending on the country you choose for your company’s international expansion.
For example, in New Zealand, the people and overall culture are very progressive and forward thinking. There’s a general view of individualism and a built environment in which to thrive through personal development and innovation. This culture varies greatly from that of communist China where there are heavier restrictions. The Communist Party of China maintains strict controls on speech, assembly, and belief.
Given the great variance across each border line, we highly recommend working with an international consultant. Someone that is an expert in your target country’s legal requirements and culture. A trusted partner that can guide you on the right path during your international startup.
Benefits of Doing Business in APAC
You’ll run into challenges when expanding overseas, but global expansion in APAC opens up plenty of opportunities. Benefits for your business include:
- Access to new, skilled talent
- Competitive advantage
- Product flexibility
There are millions of skilled workers waiting for great opportunities to arrive in APAC. When you move into the region, your team can develop a strategy to recruit these team members and build a sustainable foreign operation. In addition, your global team can help you tap into the fresh consumer market where you’ll be able to introduce your product and service to a new audience.
When expanding into APAC, consider a flexible model. One in which your company stays agile. For example, Foreign Subsidiary as a Service (FSaaS) allows you to startup operations overseas without establishing an expensive permanent subsidiary. You can establish a legal presence and hire employees without worrying about compliance. FSaaS manages all the details for you so you and your team can focus on your growth strategy.
To learn about agile global expansion services and moving your business into APAC, get in touch with our team of international business experts. We have the tools to help you manage compliance and build a legal presence overseas.