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Once we have established that a presence abroad is what you need and that you are capable of seeing it through and of sustaining it, we proceed to assist you to choose the right location. This is a complex matching process. We take into account - on the one hand - your own situation as well as the benchmarks that determine competitiveness in your markets today and in the foreseeable future, and - on the other - the latest quantitative and qualitative data available on a broad range of possible locations. Thanks to the world-wide reach of the Grant Thornton network this data is at our finger tips in real time. We consider in respect of each location:
- the availability, cost, quality and productivity of human resources;
- conditions of employment and social overheads;
- work culture, absenteeism and company loyalty;
- language, culture including religion;
- availability, quality and cost of local management;
- costs of maintaining expatriate technical and managerial personnel including work-permit procedures;
- availability of raw materials, parts and components, outsourcing opportunities, cost and logistics of importing materials and parts including customs tariffs;
- cost, availability and quality of public utilities;
- rent and availability of factories and industrial space;
- telecommunications, transport and provision of internet services;
- banking systems and credit facilities;
- export opportunities and entry conditions for EU and other markets (trade agreements, free trade agreements, EU association agreements; Generalised System of Preferences benefits; sanctions, embargoes and prohibitions; minimum added value, cumulative value added and rules of origin);
- accessibility and consistency of the local market;
- taxation, national as well as cross-border issues;
- exchange control, repatriation of profit and investment protection;
- economic stability, industrial relations and political risk;
- compliance procedures and bureaucracy;
- potential hidden costs;
- incentives packages for foreign investors and relative ease/difficulty of obtaining approvals;
- legal systems and arbitration
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