Overseas Investment Considerations
We provide consulting and advice for US companies wanting to do business especially in Third World countries with particular reference to the African continent. The African continent has untapped resources and a huge market that companies from the US can benefit from. However, it is not easy to penetrate this vast market for various reasons: some real and most others unreal.
- Our vast knowledge of the continent can be relied on to enable us pinpoint some of the dangers, pitfalls and the opportunities that are available in the continent of African.
- Likewise African companies and governments that want to do business in the US can contact us for whatever assistance they might seek in finding the right products and companies in the US.
- We also assist in preparing financial statements, budgets, projections and business plans for US or Overseas companies who need funding to carry out overseas ventures. Our online accounting services enable us to provide accounting services in any part of the world.
Specialized Consulting for Developing Countries With Special Emphasis For African Governments & Businesses
The collapse of communism has led to an uneasy transition to the market economy by most developing countries, especially for those on the African continent. This road has not been easy because there are certain socio-economic roadblocks that must be cleared before African governments can begin to benefit from the fruits of market economy.
African governments and businessmen often complain that western investors are not interested in doing business in Africa. To attract foreign investors African nations need to have some basic infrastructure in place: For example Tele-communications, easy access to banking and bank transfers, a strong and fair tax structure, strong governmental accounting and controls, people and business identification program to know who foreign investors are doing business with and a host of others that deter prospective investors from going to Africa.
Our firm offers high level consulting to African governments and businesses to overcome some of the issues outlined above. At the governmental level, we provide assistance with tax regulations and their implementation, Accounting Controls, Systems Integration and a National Program of Identification for both individuals and businesses.
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A good tax system must be fair and progressive and must also create confidence in foreign investors. The government should be able to raise money from a fair tax system to carry on with legitimate economic and social development.
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Our Overseas Consulting Division can help any progressive African government to design an effective tax system to meet the needs of the local people, business and foreign investors as well as helping to lay long term strategies to attract foreign investors quicker. Upon successfully implementing our recommendations we will draw up good and marketable proposals of the highest level to convince the large pool of prospective foreign investors who are willing to invest in countries with good and stable governments and economies.
Asamoa & Associates, CPAs
1740 Frankfort Avenue, Louisville, KY 40206
Tel: 502-212-9149 Fax:502-893-8421
E-mail: info@asamoacpa.com