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Navigating Legal and Tax Challenges in Southeast Asia

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We interviewed the founders of a group of retail companies that started in 1999 and now operate in three countries across Southeast Asia. We asked them what their greatest legal and tax challenges have been and how they have overcome them.

One of our first and biggest challenges was figuring out how to set up and operate our businesses in Vietnam. Although the law has changed since we first started out, at the time it wasn’t possible for a retail business to be owned by a foreigner. We had a production company there which we fully owned, but for the retail side we had to be creative. We followed a well-used route at the time that involved setting up an agreement with a trusted Vietnamese partner to establish the company, with written contracts to back it up. Although this route was legal, it wasn’t clear cut and wasn’t always easy to know how to navigate the situation.

Each time we have registered a new company in one of the countries we’ve hired a local law firm or business consulting firm to help us go through the business registration process. This has been essential because where we operate, this is not something you want to do on your own. We use a lawyer and we check with consultants locally about the process. We got our Vietnam registration completed in six months, whereas others have taken years. Getting that expert input is essential – if you don’t have everything right, it can really come back to bite you.

In Vietnam it is difficult to process anything without paying extra ‘fees’. We don’t pay bribes (i.e. offering money to receive a service we are not entitled to), but we do occasionally get extorted for money (i.e. being forced to pay extra for a service we are entitled to). Although we do try and resist being extorted, it does happen from time to time. Read more

Business and the Body: Burgers, Burma and Keeping Connected

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AND THE AWARD GOES TO...

Our goal is to provide the BAM Community with the best content and resources available. As we wrap up a great year we are highlighting various articles and resources which have stood out above the rest. Below is the “Staff Pick” for the fall of 2015.

Please enjoy and thanks for following!

From the rooftops you can see it. The personality of the land shifts as the row of buildings stretches towards the river shore. There is a gap there, the space for the river that marks the border, and on the opposite shore the skyline is again lifted by buildings. The buildings on either side of the border hide secrets behind their darkened windows and signs. These are the real stories behind the international headlines about war and human trafficking, about refugees fleeing persecution. The stories are reflected on faces around town – the people that have ended their journey at this border town where the river divides Burma from Thailand.

Set into the curve of the river on the Thai side is a small city, unremarkable by Asian standards. Bustling with local Thais, NGO and aid workers, adventure-seeking tourists, and the quieter but prominent refugee community; the unspoken undercurrent is ‘we’re all here, hoping for the best, and doing the best we can.’ It’s a promising setting, ready to receive the incoming ‘Friendship Highway’, which is said will unify these Asian countries with trade partnerships and tourism. New buildings and malls dotting the cityscape are the first evidence of a hoped-for economic boom. The new road is not all good news. It will also provide a thoroughfare for the darker trade of humans, vulnerable to poverty and traffickers. Read more

Purchase with a Purpose: Creating a Sanctuary for Survivors of Human Trafficking

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Neither of the founders of iSanctuary expected to be engaged in business as mission, particularly not in the area of helping victims of the commercial sexual exploitation industry. However, after spending time in India, Stephanie and Wendy saw needs that they could not turn away from and decided to act. In Stephanie’s case, a magazine article about sex slaves captured her heart. Wendy first visited India and “fell in love with the country and its culture, but was haunted by the incredible poverty.” The two met on this trip and found a common desire to be a part of providing hope and facilitating freedom for these women in whatever way they could.

International Sanctuary (iSanctuary) was founded in 2007 and began working with young women in shelters in India. The organization aims to live out its name by being a sanctuary for survivors, a safe environment that contributes to their being able to transition from surviving to thriving. They generate revenue through the sale of jewelry and also offer educational and support programs to survivors of human trafficking in both India and the United States.

The founders of iSanctuary visited India, as a part of separate missionary-type journeys. Each felt a pull toward taking action that lasted well after their scheduled trips. They determined early in their business life to avoid an outward label of being a “Christian organization” and many of the individuals who have served their organization faithfully have been volunteers who do not share a common faith with the founders. However, throughout their journey, the leaders of iSanctuary have sought God’s direction. They share that despite a lack of previous experience, God has shown them way and provided guidance. He is also central to their business ethics and choices. Read more

Business and the Body: Burgers, Burma and Keeping Connected

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From the rooftops you can see it. The personality of the land shifts as the row of buildings stretches towards the river shore. There is a gap there, the space for the river that marks the border, and on the opposite shore the skyline is again lifted by buildings. The buildings on either side of the border hide secrets behind their darkened windows and signs. These are the real stories behind the international headlines about war and human trafficking, about refugees fleeing persecution. The stories are reflected on faces around town – the people that have ended their journey at this border town where the river divides Burma from Thailand.

Set into the curve of the river on the Thai side is a small city, unremarkable by Asian standards. Bustling with local Thais, NGO and aid workers, adventure-seeking tourists, and the quieter but prominent refugee community; the unspoken undercurrent is ‘we’re all here, hoping for the best, and doing the best we can.’ It’s a promising setting, ready to receive the incoming ‘Friendship Highway’, which is said will unify these Asian countries with trade partnerships and tourism. New buildings and malls dotting the cityscape are the first evidence of a hoped-for economic boom. The new road is not all good news. It will also provide a thoroughfare for the darker trade of humans, vulnerable to poverty and traffickers. Read more