Remove Banking Remove Global Hiring Remove Service
article thumbnail

Globalization Benefits and Challenges

Velocity Global

Developing nations experience an improved standard of living—thanks to globalization. According to the World Bank , extreme poverty decreased by 35% since 1990. For example, globalization gives companies the opportunity to explore tech talent in booming markets such as Berlin or Stockholm, rather than Silicon Valley.

Payroll 119
article thumbnail

Top ASEAN Countries for Companies Based in the Netherlands

Globalization Partners

To facilitate this need, businesses in the region may seek funding through the Asian Infrastructure Investment Bank (AIIB). The country serves as a hub for regional banking and is committed to fintech innovation. We have an established network of subsidiaries to make hiring your workforce simple, fast, and compliant.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Benefits and Challenges of Expanding to Hong Kong

Globalization Partners

Though Hong Kong is small geographically compared with many of its Asian neighbors, it boasts thriving industries such as financial services, tourism, medicine, education, and creative industries. Additionally, Hong Kong-based service providers across dozens of industries receive preferential treatment in providing services to the mainland.

Banking 52
article thumbnail

Why the UK is Dominating Europe’s Fintech Market

Globalization Partners

challenger banks) and B2B (e.g. open banking) products finding room to grow. Many are now well-known brands, like OakNorth Bank, Revolut, Starling Bank, Checkout.com, and Monzo. A clear example of this is in Open Banking. This is because it brought to the forefront how people and banks manage their money.

article thumbnail

Current Trends Shaping EMEA’s Tech Sector in 2022 and Beyond

Globalization Partners

However, the continent doesn’t have a corresponding market for services, hindering the software industry. For instance, according to IMF data from 2017 : Only 48 percent of men in the Sub-Sahara region have a bank account. Thirty-seven percent of women in the Sub-Sahara have a bank account. Hiring tech talent in 2022.

article thumbnail

Learning from the Great Recession: Two Strategies That Can Help Businesses Rise Above COVID-19

Velocity Global

Corporate governance that allowed banking firms to take on too much financial risk. As a result, companies that engage in global expansion are primed to not only endure today but flourish tomorrow. International PEO helps you maximize ROI when expanding globally. An unchecked rise in unstable subprime mortgages. While the U.S.

article thumbnail

What Is a Foreign Subsidiary? Pros & Cons for Global Companies

Velocity Global

Global hiring and expansion present exciting business opportunities. company does not have to pay taxes to the Internal Revenue Service (IRS) because the IRS considers it a foreign company. One of the most common strategies for entering a foreign market is establishing a foreign subsidiary.