Congratulations on successfully establishing your European business in the United States! With your office thriving, you're now poised for the next significant milestone: expanding into your own building, warehouse, or office.
This move signifies a long-term commitment to the U.S. market and offers numerous benefits. Let's explore the key considerations and steps for this exciting phase of your business growth.
Do you have any questions after reading this page, need specific advice for your business type, or simply want to discuss the best options for your American dream? Easily schedule a complimentary consultation with one of our experts by clicking the button below!
Expanding to your own building, warehouse, or office in the United States provides greater control over your business operations and can enhance your brand identity. It increases your operational capacity, enabling you to meet rising demand and improve efficiency. Additionally, it offers long-term financial benefits, such as property value and the ability to make modifications tailored to your business needs. Owning a location can also inspire confidence in customers and partners, strengthening business relationships. Furthermore, it ensures a stable presence in the American market, facilitating further growth and expansion.
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Space Requirements: Consider your current needs and future growth projections. How much space do you require for operations, storage, and personnel?
Location: Determine the ideal location based on factors such as proximity to customers, suppliers, transportation hubs, and talent pools.
Type of Facility: Decide whether you need an office building, warehouse, manufacturing facility, or a mixed-use space.
American Banks: Establish relationships with local banks. Many offer specialized services for foreign-owned businesses.
SBA Loans: The Small Business Administration provides loan programs that may be accessible to foreign-based companies operating in the U.S.
European Financing: Consider leveraging your existing European bank relationships for international financing options.
Business Structure: Evaluate whether your current U.S. business structure (such as a branch or subsidiary) is optimal for property ownership.
Zoning Regulations: Ensure that the property you are considering aligns with zoning laws for its intended use.
Environmental Regulations: Be aware of any environmental assessments or compliance requirements, especially for industrial properties.
Property Tax: These can vary significantly by location and may impact your operational costs.
Transfer Tax: Some states and municipalities impose taxes on property transfers.
Income Tax Implications: Owning property can affect your U.S. tax obligations. Consult a tax professional familiar with international business taxation.
Building: Offers customization options, but requires more time and often involves complex permitting processes.
Buying: Quicker to occupy, but may require renovations to meet your specific needs.
Facility Management: Decide whether to manage the property internally or outsource to a local company.
Staffing: Consider if you need to hire additional staff for maintenance, security, or other facility-related roles.
Technology Infrastructure: Ensure that the property can support your IT and connectivity needs.
Negotiation Styles: U.S. real estate negotiations may differ from European norms.
Business Relationships: Building local relationships can be crucial for smooth property transactions and operations.
This company successfully expanded its U.S. operations to a specific office building in Austin, Texas. They chose Austin for its vibrant tech scene and favorable business climate. By collaborating with a local real estate firm and legal team, they navigated zoning regulations and secured an SBA loan for the purchase. The move allowed them to triple their U.S. workforce and establish a state-of-the-art customer service center, significantly increasing their market share in America.
Interested in learning more or ready to take the next step in expanding your business in the USA? Van Holland Group INC can assist you in establishing your supply chain and warehouse. Contact us today to discover how we can support you in this new phase of business growth!
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It's not entirely comparable, but an INC is somewhat similar to an European entity.
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