International Business: Law requires you have an indigene as the business manager?

[King Belieal]

There is this friend of mine that is trying to expand his business into another country. The law of that country states that for an international business to operate, they must have an indigene of the country as the manager of the business.

Do you think that is a fair law for international business?

 

[Fidelia]

That's the country trying to ensure that companies operating in their country have a strong local representation and not completely look foreign.

 

[King Belieal]

I think the country that enforces this kind of law is trying to protect their interests in every cross border business that operates in their country.

 

[eLdavis]

I think this kind of law actually makes sense, this way they are protecting their their citizens and their economy.

 

[Suba]

Each country has different rules, so if your friend is going to expand his business to another country, he must obey the law in that country by placing a native as a manager, of course the businessman will also get benefits such as local managers will be more familiar with the conditions of the country and the needs of the community and how to approach consumers.