Data Recovery Company Based in India Sets up Subsidiary in the U.S.
A data recovery company is headquartered in Delhi, India. Formed 15 years ago, the company has around 200 employees and generates annual revenues around $5 million. For the past 3 years, the company has used web marketing and search engine optimization to expand into the United States market.
The Need
The owner of the Indian company wants to incorporate a business in the United States to increase the geographical footprint and build brand. The entrepreneur needs information on office locations, taxation policies, accounting norms and L1 visa application procedures.
Small Business Loan Solution
After reviewing the business needs and financials of the company, Biz2Credit recommended opening an office in New Jersey. The location's proximity to international airports, New York City and local pool of IT talent made the area an ideal selection. Plus, because the property development company owning the office Biz2Credit connected the company with an accountant experienced in India tax laws, a local law firm specializing in the issuance of L1 visas and the property developer of the office building through its community, avoiding high brokerage fees.
Results
- Company incorporated in New Jersey in 15 days
- Office space located and finalized in 1 month
- Accounting and law firm finalized in 30 days
Benefits
- Services from a single source through trusted service providers
- 50 percent savings in brokerage fees
- Ability to access local capital at a 600 basis point lower cost
- Ability to market services more aggressively
- No repatriation from India
Biz2Credit connected the company with an accountant experienced in India tax laws, a local law firm specializing in the issuance of L1 visas and the property developer of the office building through its community, avoiding high brokerage fees.
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