When the President of Bolivia, Evo Morales, nationalized a few of the country’s very large mines, he threw out the foreign operators who had put in all the infrastructure, and invested all the money in digging up those resources. These foreign investment companies, as well as the companies that were running the operations lost everything, and they were paying royalties and taxes to the Bolivian government under contract.
Awarded the coveted “Best Emerging Free Zone” designation for the second consecutive year, Ras Al Khaimah Free Trade Zone (RAKFTZ) is now a well-respected business center, and incorporation here is coveted worldwide. More than 4,400 companies from 106 countries around the globe have made Ras Al Khaimah home either by opening a physical branch, or through the incorporation of a RAK Offshore Company.
With so many ex-patriots moving to Costa Rica in retirement, it does make sense that American Style franchises with recognizable brand names will do well there. Interestingly enough, it is not necessarily the brand name that is as important as the way in which business is conducted. In fact, locals that cater to this increasing American population there now are finding how to do business with these new immigrants into their country and many are making a very solid living at it.
The world watched as globalization progressed significantly over the past years, expedited by modern transportation and communication; improved infrastructure; and international trading and financing fiats defining the global rules of trade and supporting global trade capacity. In fact, a report by The Institute of Technical Education (ITE) in Singapore reveals that within a span of more than forty years, the world has seen a 1500% increase in the globalization of businesses, with two in every 6 products crossing borders as part of their international business marketing strategies.
Before international business is carried out, the most essential goods have to be in place. These can be in form of capital, skilled man power and in return you will be getting foreign aid, finances and many more profitable services.