open up an office in beautiful Germany?
With your efforts to enter the German and European market you’re paving the way of yet another milestone in your company history.
When doing your analysis you may want to consider establishing a local presence in Germany, ideally a subsidiary of your US company.
Here are 5 factors in favor of such a decision:
👉🏻Build trust among consumers: German customers tend to trust German companies. By establishing a branch in Germany, you strengthen the credibility and relationship with your German audience.
👉🏻Facilitate business among business partners: Being physically present in Germany facilitates the establishment of strategic partnerships with local retailers, distributors, and other businesses in the supplement industry. These partnerships can help expand market reach and increase sales.
👉🏻Enhance customer loyalty: A local subsidiary can provide better customer service and support to German customers, including localized marketing efforts, customer inquiries, and after-sales support. This can lead to higher customer satisfaction and loyalty.
👉🏻Protect against liabilities: The limited liability of a subsidiary provides invaluable protection for your assets and operations, mitigates risk and secures your business interests abroad.
👉🏻Hire employees: German labor laws are unique. German working contracts typically adhere to these laws, providing employees with a sense of security and stability in their employment.
✍️ What are your current considerations and pain points?
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