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Situations · Ongoing challenges

Investing, raising and protecting capital

Raising money, investing abroad, holding stakes in other companies and protecting the value of those investments over time.

13 situations

Select the situation closest to yours

Each one sets out what is at stake, a typical case, how WONE Global solves it and who handles it.

01 Foreign investors want to invest in us. What do we need to change? Investment can stall over foreign investment rules, tax or a structure investors will not accept. Led by Buying, selling and investing 02 We want to invest in a company in another country. How do we do it safely? Investing without local checks risks hidden liabilities, weak shareholder rights and an exit that local rules block. Led by Buying, selling and investing 03 How do we set up a fund for investors from several countries? The wrong vehicle or location creates tax for investors and regulatory problems when raising money. Led by Setting up and running a company 04 Our partner abroad is diluting or excluding us. How do we protect our investment? Value leaks quickly once a partner controls the company and the bank account. Led by Disputes and arbitration 05 A government has damaged our investment. Do we have a treaty claim? Treaty rights depend on how the investment is structured and on notice periods that can be missed. Led by Disputes and arbitration 06 We're being taxed twice on returns from abroad. Can we fix it? Double tax and trapped cash steadily erode the return the investment was made for. Led by Tax and structuring 07 We want to sell our stake abroad. How do we exit cleanly? Exits are delayed by approvals, tax clearances, transfer restrictions and buyers' diligence. Led by Buying, selling and investing 08 Can our company abroad borrow from a foreign lender? Foreign loans can face registration rules, withholding tax and security that does not work locally. Led by Banking and capital 09 We need a credible valuation of a business abroad. Who can do it? A weak valuation is challenged by tax authorities, courts or the other side of the deal. Led by Audit 10 I want to invest in start-ups abroad. How should I hold the investments? Holding investments personally abroad can create tax, reporting and estate problems. Led by Buying, selling and investing 11 Currency swings are eating our margins. How do we protect ourselves? Unmanaged currency risk can turn a profitable contract into a loss. Led by Payments and currency 12 We're deadlocked with our co-investor. What can we do? Deadlock stops decisions and destroys the value of the investment while it lasts. Led by Disputes and arbitration 13 Our investment can't meet its debt payments. What are our options? Default can let lenders take control of the company or push it into insolvency. Led by Banking and capital

Key questions

What we will work through with you

  1. 01Who is investing, through what vehicle, and from where?
  2. 02Which approvals, filings and tax rules apply on the way in and on the way out?
  3. 03What rights protect the investment if things go wrong?
  4. 04How will returns reach the investor, and at what tax cost?

What the guides say · Establish & Structure

Setting up the company, market by market

Setting up the company is usually the first area to review. Choose a market to see its requirements.

Africa4 markets
South AfricaEssentials · source-checkedForeign businesses usually incorporate a private company or register the foreign company as an external company with CIPC.
EgyptEssentials · source-checkedThe Investment Law gives foreign investors national treatment and sets four investment frameworks, from ordinary 'internal' investment to free zones.
KenyaEssentials · source-checkedMost foreign investors set up a private company limited by shares or register their foreign company as a branch with the Business Registration Service.
NigeriaEssentials · source-checkedForeign investors usually incorporate a private company with CAC; one person can form one, and most sectors allow full foreign ownership.
Australia1 market
AustraliaEssentials · source-checkedForeign businesses usually incorporate a proprietary company or register their existing company as a foreign company with ASIC under the federal Corporations Act 2001.
Central & Eastern Europe1 market
PolandEssentials · source-checkedForeign investors commonly use a limited liability company (sp. z o.o.), a joint stock company or a branch. Companies are registered in the National Court Register, which also triggers tax and statistical numbers, and beneficial owners…
East Asia4 markets
ChinaEssentials · source-checkedForeign investors set up foreign-invested enterprises under the Foreign Investment Law, which replaced the old joint venture and wholly foreign-owned enterprise laws in 2020. Whether a sector is open depends on the national negative list.
JapanEssentials · source-checkedForeign investors usually incorporate a stock company or register a branch with the legal affairs offices of the Ministry of Justice.
South KoreaEssentials · source-checkedMost foreign investment needs only a notification to KOTRA or a foreign exchange bank before funds are remitted, and qualifies as foreign direct investment at KRW 100 million and 10 percent of voting shares.
Hong KongEssentials · source-checkedNon-residents can incorporate and direct a local company, and no minimum paid-up capital applies. The usual choices are a private limited company, a registered branch of the foreign company, or a representative office for non-trading…
GCC5 markets
United Arab EmiratesFull guideForeign investors choose between a mainland company licensed by an emirate, a free zone entity licensed by a free zone authority, or a company in the DIFC or ADGM financial free zones.
Saudi ArabiaFull guideForeign investors register with the Ministry of Investment (MISA) before investing, under an Investment Law that replaced the former foreign-investment licence with a registration process.
QatarEssentials · source-checkedForeign investors can set up on the mainland under the Ministry of Commerce and Industry, in the Qatar Financial Centre, or in a Qatar Free Zones Authority zone.
BahrainEssentials · source-checkedBahrain allows GCC citizens and foreigners to own up to 100% of most company forms, depending on the activity, with certain activities banned.
OmanEssentials · partly source-checkedCompanies are formed under the 2019 Commercial Companies Law and registered with the Ministry of Commerce, Industry and Investment Promotion. Special economic zones and free zones offer an alternative base.
Latin America3 markets
BrazilEssentials · source-checkedForeign investors usually operate through a Brazilian company registered with a state commercial registry, or through a branch, which needs prior federal authorisation.
ChileEssentials · source-checkedChile is open to foreign investment and its investment framework law treats foreign and Chilean investors alike.
ColombiaEssentials · source-checkedColombia gives foreign investors the same treatment as nationals and bars foreign investment only in defence and security and in handling hazardous waste from abroad.
Nordics2 markets
SwedenEssentials · partly source-checkedForeign companies can also register a branch (filial). Beneficial owners must be registered, and investments in security-sensitive activities are subject to mandatory screening by the Inspectorate of Strategic Products.
NorwayEssentials · partly source-checkedForeign investors usually form an AS or register a NUF branch with the Brønnøysund Register Centre. An AS needs NOK 30,000 share capital confirmed before registration, a board at least half resident in the EEA, UK or Switzerland, and…
North America3 markets
United StatesFull guideCompanies are formed under state law, and most foreign groups use a corporation or LLC formed in a state such as Delaware, then register in each other state where they operate.
CanadaEssentials · source-checkedForeign investors can incorporate under the federal Canada Business Corporations Act or a provincial statute, or register an existing company extra-provincially.
MexicoEssentials · source-checkedForeign investment in Mexico is governed by the federal Foreign Investment Law, last amended in May 2024. The content of the law, entity forms under the General Law of Commercial Companies and registration steps could not be confirmed from…
South Asia1 market
IndiaFull guideForeign investors can set up a wholly owned subsidiary, joint venture or LLP, or operate through a branch, liaison or project office.
Southeast Asia5 markets
SingaporeFull guideMost foreign investors set up a private limited company (a subsidiary), which can be incorporated with S$1 of share capital but needs at least one locally resident director and a resident company secretary.
MalaysiaEssentials · source-checkedForeign investors generally incorporate a private company with SSM under the Companies Act 2016 or register a foreign company. The Act itself sets no foreign equity conditions, but sector policies can.
VietnamEssentials · source-checkedThe Law on Investment 2025 sets the entry rules for foreign investors. Market access is open except for business lines on the Government's negative list, and foreign projects, and companies more than 50% foreign-owned, need an Investment…
IndonesiaEssentials · partly source-checkedMost business lines are open to full foreign ownership, but some are reserved, capped or subject to conditions, and PT PMA companies face minimum investment and capital requirements.
ThailandEssentials · source-checkedMost foreign investors use a Thai private limited company, a branch or a representative office. Under the Foreign Business Act, a company that is majority foreign-owned is treated as foreign and needs a licence or certificate for…
UK & Ireland2 markets
United KingdomFull guideThe UK has no general foreign-ownership restriction or investment licence: most foreign businesses incorporate a private limited company at Companies House or register a UK establishment of their overseas company.
IrelandEssentials · source-checkedMost foreign investors incorporate an LTD with the Companies Registration Office or register a branch of the parent.
Western Europe7 markets
GermanyFull guideForeign investors usually choose a GmbH, its low-capital variant the UG (haftungsbeschränkt), or a registered branch of the foreign company.
FranceFull guideMost foreign investors enter France through a subsidiary set up as an SAS, which has no meaningful minimum capital and flexible governance, or an SARL, which is more rigid and must be run by a natural-person manager.
NetherlandsEssentials · source-checkedThe BV is the usual vehicle for a foreign-owned business. It is formed through a civil-law notary, who also registers the company, its directors and its ultimate beneficial owners with KVK. There is effectively no minimum capital.
SwitzerlandEssentials · source-checkedMost foreign investors use a GmbH or an AG. An AG is formed by notarised deed and comes into existence on entry in the cantonal commercial register.
ItalyEssentials · source-checkedForeign investors usually choose a limited liability company (S.r.l.) or a joint stock company (S.p.A.), both formed through a notary and registered in the Business Register. Capital requirements are low for an S.r.l. and higher for an…
SpainEssentials · source-checkedMost foreign investors use an SL, which can be formed with EUR 1 capital, or set up a branch. Formation is by notarial deed and registration in the Mercantile Register, and foreign investments are usually declared to the Foreign Investment…
LuxembourgEssentials · source-checkedForeign investors usually use an SARL, with EUR 12,000 fully paid capital, or an SA, with EUR 30,000. Companies are formed before a notary and registered with the Luxembourg Business Registers, which also run the beneficial ownership…
Wider Middle East2 markets
TürkiyeEssentials · source-checkedForeign investors use the same company forms as Turkish investors and notify, rather than seek approval for, their investment.
IsraelEssentials · source-checkedIsrael is generally open to foreign ownership, and most foreign investors incorporate a private company with the Registrar of Companies or register the parent as a foreign company with a local branch.
Other markets20 markets
ArgentinaEssentials · source-checkedCompanies are governed by the General Companies Law (Ley 19.550). A foreign company needs to register in Argentina to trade habitually, open a branch or hold shares in a local company. Single-member companies must be sociedades anónimas.
AustriaEssentials · source-checkedAustria is open to foreign investment and most investors use a limited liability company (GmbH), a stock corporation (AG) or a branch.
BangladeshEssentials · partly source-checkedForeign investors usually incorporate a private limited company with the RJSC and register the investment with BIDA; projects in special zones deal with the zone authorities (see the licensing area).
BelgiumEssentials · partly source-checkedBelgium is a federal state in which company law is federal and set out in the Code of Companies and Associations.
CameroonEssentials · partly source-checkedCameroon is an OHADA member state, so company law is the OHADA Uniform Act on commercial companies and the main forms are the SARL, the SA and the SAS.
CyprusEssentials · source-checkedCyprus is a common law jurisdiction, and companies are governed by the Companies Law, Cap. 113. Most foreign investors use a private company limited by shares, which has no minimum share capital.
Czech RepublicEssentials · source-checkedForeign investors usually form an s.r.o. or a joint stock company by notarial deed, or register a branch. A company exists only once entered in the Commercial Register, and beneficial owners must be registered promptly.
DenmarkEssentials · source-checkedForeign investors can generally own Danish companies outright and most use a private limited company (ApS) or register a branch of the parent.
EcuadorEssentials · partly source-checkedForeign investors in Ecuador usually set up a corporation (sociedad anónima), a limited liability company or, since 2020, a simplified joint stock company (SAS).
FinlandEssentials · source-checkedForeign investors usually set up a private limited company (osakeyhtiö, Oy) or register a branch, both through the Trade Register kept by the Finnish Patent and Registration Office.
GreeceEssentials · source-checkedInvestors commonly use a société anonyme (AE), a private capital company (IKE), a limited liability company (EPE) or a branch.
HungaryEssentials · source-checkedForeign investors in Hungary usually set up a limited liability company (Kft), a private company limited by shares (Zrt) or a branch.
MoroccoEssentials · source-checkedThe limited liability company (SARL) is the most common vehicle, with joint-stock companies used for larger or investor-backed businesses.
New ZealandEssentials · source-checkedForeign businesses usually incorporate a limited liability company or register their existing company as an overseas company with the Companies Office, both online.
PanamaEssentials · source-checkedThe sociedad anónima is the traditional Panamanian company and is registered with the Public Registry through a resident agent, who must be a Panamanian lawyer or law firm.
PhilippinesEssentials · source-checkedForeign investors usually form a domestic corporation registered with the SEC, or register a branch or representative office of the foreign company.
PortugalEssentials · source-checkedPortugal has few restrictions on foreign investors and no local partner requirement. Private limited companies can be formed with minimal capital, at a counter or online, and must register within 10 days and declare beneficial owners…
RwandaEssentials · source-checkedForeign investors usually register a private company limited by shares or a branch, and businesses can be registered online through the Rwanda Development Board.
UgandaEssentials · source-checkedForeign investors usually incorporate a company limited by shares with the Uganda Registration Services Bureau, or register a foreign company within 30 days of establishing a place of business.
ZambiaEssentials · partly source-checkedForeign investors usually incorporate a private company limited by shares or register a foreign company with PACRA.

Our full guides are checked against official sources. Guides drafted with AI are marked as such. None of this is legal or tax advice.

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Professionals for this work

Named professionals connected to this page — each admitted as the specialist for one kind of work in their country, at a firm WONE Global has admitted.

Ebrahim Asvat K.Panamá · Panama

WONE Global Capability Partner · Panama

Ebrahim Asvat K.

Managing Partner · Patton, Moreno & Asvat · Panamá

Ebrahim Asvat K. is a founding partner of Patton, Moreno & Asvat. His practice focuses on corporate law, asset and tax planning, mergers and acquisitions, and offshore business structures. He holds an LL.M. from Harvard…

F Miles Adlerother · United States

WONE Global Capability Partner · United States

F Miles Adler

Principal · Adler Law Firm LLC · other

Extensive experience with business transactions, estate matters, and commercial litigation. Representation focused on closely held business owners and private investors. Agile, responsive, and diligent.

Katherin Diaz VelillaBogotá · Colombia

WONE Global Capability Partner · Colombia

Katherin Diaz Velilla

Complete profile

Co-Founder · V&V Associates · Bogotá

International tax attorney and strategic advisor with 12+ years across Colombia's DIAN, Ministry of Finance, Senate, Presidency, and EY. Co-founder of V&V Asociados. Specializes in cross-border tax structuring, transfer…