For Americans and Europeans interested in doing business in Asia, certain cultural and legal differences must be understood and taken into account. In particular, communication styles, tax issues and perspectives on intellectual property can feel other-worldly to Western entrepreneurs and deal makers. Further, payment of bribes is customary in many countries outside of the U.S. However, payment of bribes by a U.S. company is not only illegal under U.S. law, but they are not deductible for tax purposes either. This puts American companies at a distinct disadvantage when pursuing international opportunities.

Many mistakes are preventable. If you are looking for a knowledgeable advisor to help you navigate the complexities of an Asian business environment, talk to the business experts at Allen Barron and the attorneys of Janathan L. Allen, APC.