You started your company as a domestic business, but now you want to expand and take it overseas. You think that there is a big market for your products and services that is not being met, and you want to reach out to more than just an American audience.
The Foreign Corrupt Practices Act (FCPA) is a federal law that went into effect here in the United States in 1977. This piece of legislation makes it illegal for anyone to bribe a foreign official to retain or obtain any business. This law has applications far beyond U.S. borders. It applies to any publicly traded corporation that does business anywhere in the world.
You already run a successful domestic business. You want to take things to the international level and expand your success. Where should you begin?
If you have a successful domestic company and you're thinking about branching out into international business, one thing that you want to keep in mind is that you could run into some significant cultural differences. It does depend on what industry you work in and what country or countries you plan to focus on specifically, but you're probably going to find numerous differences with almost any overseas expansion.