Legal And Regulatory Requirements For Conducting Business...

Another external risk that may affect the success of the project is legal and regulatory requirements for conducting business ventures in Kuwait. Keurig’s expansion project is very dependent on the company’s ability to partner with Kuwaiti retailers such as the Alshaya Group, supermarkets, and distribution companies. The partnerships with prominent Kuwaiti businesses will serve as Kuwaiti sponsor for Keurig to ensure the success of the expansion. The legal and regulatory problems that Keurig will face in Kuwait include less than transparent regulations pertaining to industry standards, highly bureaucratic procedures, insufficient intellectual property rights protection, and complicated and insufficient public contracting and procurement procedures (U.S. Commerce Service, 2015). Kuwait amended Companies Law Decree 97/2013, which mandates that foreign commercial entities may not establish a branch or perform any commercial activities without a Kuwaiti partner or agent ( U.S. Commerce Services, 2015). Keurig would benefit more with partnerships rather than hiring an agent to avoid taxes bills. Partnerships would provide valuable insight into marketing strategies and brand recognition and assist in navigating business policies and procedures in Kuwait. Kuwait is a member of the Gulf Cooperation Council (GCC) which includes other Middle-Eastern countries such as Saudi Arabia, Bahrain, Oman, Qatar, and the United Arab Emirates (UAE). The GCC has a 5% flat rate tax on allShow MoreRelatedEssay On Foreign Exchange In China834 Words   |  4 PagesThe required financing for a business venture in china can be challenging. A specialist should be hired who appreciates the Chinese perspective and has expertise in Chinese language of the banking community. The exchange control policy is managed of China is managed by The State Administration of Foreign Exchange (SAFE). Permission is given to designated state and approved foreign banks to partake in in forei gn exchange business. The official and swap exchange rates were unified in January 1994,Read MoreThe Enron Scandal1321 Words   |  5 Pagesgeneral. However this interpretation is seen as rather inadequate due to the nature of the amalgamated relation between both constituents. Stakeholders in modern corporate doctrine are considered as a core apparatus for the well functioning of a business. It is however often argued that the only way for a corporation to achieve better results and maximise its profits is to include other people in the process, individuals or organisations with direct or indirect interest in the well performance ofRead MoreVirtual Organization - Riordan Manufacturing Essay1240 Words   |  5 Pageshead: RIORDAN INTERNATIONAL BUSINESS International Business Legal Issues Riordan Manufacturing University of Phoenix BUS415 Business Law Scott Waddell Riordan Manufacturing is an industry leader in plastic injection molding with plants in Georgia, Michigan and now China. With the companys expansion into a global market, the electronic commerce (e-business) will be a beneficial form of commerce that is currently flourishing in the modern world of global business. The Internet is used toRead MoreHuman Resources Challenges : Indonesia1024 Words   |  5 PagesWhen conducting business in a foreign country, a company needs to consider several different business factors and challenges that might arise. As a company embarks on its venture in Indonesia, Human Resources department needs to be aware of the differences and key challenges that might arise. They need to be aware of key business challenges, key human resources challenges, and how to adapt some of the human resources policies and practices to culture/environment of Indonesia. Key Business ChallengesRead MoreEssay about Problem Set 11638 Words   |  7 Pagescomply with the ASX’s Listing Rules, which impose some additional disclosure and member protection requirements on those companies. There are about 2,000 Australian entities listed on the ASX. That is a very small percentage of companies overall (about 0.1%). Hence, not all public companies are listed on the ASX – only those companies that go through the application process and meet the listing requirements. The process of listing and its effect are discussed in greater detail in Chapter 4. See keyRead MoreSwot Analysis : A Pestel Essay1645 Words   |  7 Pagesexperienced gas flares in 2010 that caused social unrest from affected communities to the point of legal suites against the company (Mason 2010). Technological †¢ Shell is investing in smart technology that is assisting in oil and gas explorations around the world. Environmental †¢ A surge in natural gas exploration is raising questions on the implications of drilling on the ground – it leads to spilling. Legal †¢ Global regulations on oil and gas exploration, manufacturing and delivery. †¢ Safety andRead MoreACC 557 Assignment 2 You Are An Entrepr1169 Words   |  5 PagesUniversity ACC 557 Financial Accounting  ­Ã‚ ­Ã‚ ­Professor Daniel Terfassa August 21, 2014 Table of Contents: Executive Summary Company Summary Start Up Summary Start Up Expenses Income Statement Balance Sheet Internal Control Compliance and Regulatory Bodies References Executive summary ABC Learning Academy aims to prepare its students to excel as young leaders of tomorrow by combining an exclusive collegiate-based curriculum tailored specifically for children with enhanced, firstRead MoreThe Banking Sector1658 Words   |  7 Pagesenclosure in turn called, casting a makeshift shops, from which the words banco and bank are derived. Do not invest much merchandise in cash money at bancu own money, but only in foreign currency in Rome, he used to get when the Imperial Mint considered legal. money-changing activity is the oldest evidence established on the Black Sea from ancient Hellenic colony trapejhusana , modern Trabzon, c 350-325 BC Last seen on a citarelo drekame silver coins, which are presented in the British Museum in LondonRead MoreStrategic Plan, Part II: SWOTT Analysis2637 Words   |  11 Pagesas well as privacy in providing solutions of improving business activity. The mission statement, † SR Creative Design Inc. is coupled with creative minds that are devoted in delivering clients with comprehensive designs and or marketing solutions with significant results. We are in the business of improving your business. Enhancing a long-term return for your business, therefore, providing you with a profitable venture.† SR Creative Design Inc.’s vision is to provide creative solutionsRead MoreCase Study: Ge Healthcare in India: an (Ultra) Sound Strategy?1142 Words   |  5 PagesCase Study: GE Healthcare In India: An (Ultra) Sound Strategy? What are the basic facts? GE Healthcare India, a joint venture between General Electric (GE) and the Indian multinational Wipro Ltd., had ended the 2005-2006 year with a significant rise in sales of 10% since last year. They were the market leader in the $77 million ultrasound machine market, beating its competitors, which included Siemens, Toshiba and Philips. The president and CEO of GE Healthcare India, V. Raja read the newspaper