Business traditions and mentality
For doing business in another country successfully, you must understand the mentality of its people, the business traditions of entrepreneurs, and the everyday habits of residents. Its knowing will make your way to success easier.
Doing business in the Islamic world can be quite challenging, especially if one does not understand Sharia law and its implications. The key to smooth business transactions in the Middle East and the Muslim world as a whole is a common understanding of the purpose of Sharia law, where and how Sharia law is applied, and how it affects the transaction system.
Business etiquette in Pakistan has its own national and religious characteristics, which are important to consider when conducting business negotiations and communicating with Pakistani partners. The culture and traditions of this country have a great influence on business processes, so knowing the basics of Pakistani business etiquette will help avoid misunderstandings and conflict situations.
Serbia is a kind of crossroads of Europe. The shortest roads connecting Western Europe and the Middle East run through this country. This geographical feature became one of the reasons for the tragic fate of this Balkan land, which from time immemorial served as a bait for all kinds of aggressors and occupiers. The complex historical path of Serbia left an indelible mark on the character of its people, which can be easily traced to this day.
Knowledge of cultural traditions and business etiquette is the key to success in establishing strong business relationships with representatives of other countries. As in every individual country, in the business world of Nigeria there are certain norms and traditions that are important to consider when conducting business and business relations there.
In every country, in addition to laws and traditions, there are rules of business etiquette that are usually followed so as not to find yourself in an awkward situation. To do business in Ethiopia, an economically developing country on the African continent, one must respect and take into account the nuances of its unique historical and cultural heritage.
The United Arab Emirates (UAE) is a country consisting of seven small city-states, which include Dubai and Abu Dhabi. To successfully conduct business in this market, it is important to understand its cultural characteristics. Business Development Director of Glint Innovation Kuatar El Hilaly and General Manager of Starmedix Inc. Ajit Pal, who worked a lot in the UAE, spoke about the intricacies of such cooperation.
Saudi Arabia's business culture is unique, and understanding how things work in the Kingdom's boardrooms, offices and venues is critical to running a successful business in the Arab world's largest economy.
The most important thing to remember is that business etiquette in the UAE is all about respect. In addition, the country's attitude towards business is changing. For example, corporate social responsibility is an increasingly important issue. In addition, the government is taking measures to promote women in the workplace and combat corporate crime in the UAE.
Expats make up 85% of Qatar's population and this affects the local business culture: it varies by person and organization. Therefore, an expatriate who does business in Qatar must be flexible, adaptable and open-minded.
Qatar is an Arab country, which is located on a peninsula washed by the waters of the Persian Gulf. Its hinterland is an arid desert, while its coastline is covered with beaches and dunes. Doha, the capital of the country, is famous for its futuristic skyscrapers and ultra-modern buildings, made in the style of ancient Islamic architecture.
Kenya is a magnificent African country with extensive national nature reserves, amazing scenery, beautiful beaches and friendly people. Kenyans are very proud of their country and are famous for their hospitality and kindness.
Modern Argentina is a large industrial country, one of the most economically developed countries in Latin America. Buenos Aires is one of the largest agglomerations in the world. Argentina has its own economic, cultural and social characteristics that should be considered when doing business in this country.
Initial business valuation
Business analysis and audit (Due Diligence)
Business pre-sale preparation
Initial assessment of the business being purchased
Audit of the purchased business (Due Diligence)
Company Registration — General Provisions
Looking for ideas on which businesses to invest in and in which markets it is profitable to buy a ready-made business? The REAB website has useful articles in the topic of "Market and Investment Niche Reviews".
