In September 2020 Brazil enacted its sweeping new data protection law the LGPD Lei Geral de Protecao de Dados. This comprehensive law unites and updates more than 40 individual data laws clarifying Companies that do business in the European Union see similarities between the LGPD and the EU's GDPR General Data Protection Regulation. Despite these commonalities important differences exist. …
Type: Resource (Article)
Transforming from a small tech startup to a global software leader is a significant milestone for any business. However SaaS companies specifically in the legal software industry face unique challenges overseas—like legal and compliance hurdles IP intellectual property protection data storage laws and market-specific employment laws. Companies that handle highly sensitive information need an …
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Despite being one of the world's most competitive economies Singapore has not escaped the financial shock caused by COVID-19. Singapore's Finance Minister Mr. Heng Swee Keat considers the pandemic to be the country's biggest crisis since independence. According to the Singapore experienced its sharpest employment rate decline on record in the second quarter of 2020 as employee retrenchment …
Type: Resource (Article)
International expansion allows companies to reach new customers hire employees with unique skillsets increase revenue and build a global brand. But operating in multiple countries also presents an array of challenges—from maintaining a healthy company culture across international offices to creating consistency while allowing for cultural differences.This post examines the global workforce …
Type: Resource (Article)
Developing an international expansion strategy is an exciting process for any company. Moving into new markets helps your business reach more customers hire the right workers and establish itself as a global brand. But for many companies considering international expansion the first question is often the hardest What markets best fit our needs?Many factors determine which countries are right for …
Type: Resource (Article)
For HR teams managing international employees staying on top of holiday bonus payments is critical. Bonus laws differ from country to country presenting compliance risks for companies that fail to understand individual requirements. Although not every country’s federal law mandates that companies pay bonuses HR teams must stay vigilant in every market. Some countries have industry-specific …
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The global economy was thrown into disarray in 2020 exposing critical supply chain vulnerabilities and causing businesses to rethink strategies. According to a recent Accenture report said the pandemic led to supply chain disruptions while 75 said COVID-19 negatively affects their businesses. To overcome these challenges companies explore new ways to mitigate risk and reduce operational costs. …
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Global expansion empowers companies to take advantage of various growth opportunities such as access to new markets lucrative tax incentives and engaging a larger talent pool.However to avoid fines damaged business reputation and even jail time global businesses must comply with minimum wage requirements in each jurisdiction in which they operate.Understanding worldwide is also critical for …
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China reduced taxes in 2019 to jumpstart an economy suffering from a trade war with the U.S. The government extended tax cuts into 2020 as the COVID-19 pandemic sent financial shockwaves through domestic and international markets. With China expected to the country is resuming normal tax activities. International legal professionals expect Chinese tax authorities to recover lost revenue by …
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On January 26 the International Monetary Fund IMF released its most recent World Economic Outlook report giving companies worldwide reason for cautious optimism about the coming year. The report projects the global economy to grow at a rate of 5.5 in 2021—a 0.3 percentage point increase from the previous forecast in October. Despite the improved outlook the IMF warns that challenges related to …
Type: Resource (Article)
