MARKET ENTRY & BUSINESS ADMINISTRATION SERVICES FOR QUERYNOW

As a result of market analysis and previous consulting work for customers in the European market, QueryNow identified Germany as the starting point for their further European operations and planned to establish a local office in Germany. They were seeking a local partner to support them in setting up their branch office in Germany. In order to use the German office as Headquarters for its European operations, the company needed an appropriate structure and business set up.

After incorporating a GmbH (German Limited company), QueryNow required accounting services which allowed the company to integrate the accounting figures from three different locations (USA, India and Germany) into one monthly company report.

Furthermore, QueryNow GmbH needed support in hiring foreign expats and issuing these with accurate working contracts*. Along with that, the company needed support in creating and evaluating work permits and residence visas for its own employees and hiring engineers.

Questions to be considered:

• How to evaluate and define the right business structure to start business operations in Germany and the greater European market?
• What is the best way for this type of company to approach the European market?
• How are HR specific regulations to be defined and what would have to be considered when employing new staff?*
• How would local financial controlling be set up in order to integrate the American, Indian and German accounts into one monthly report?

Consultinghouse has successfully designed the process of business incorporation and personally guided the company throughout the establishment of their local office. The Consultinghouse advisory team has provided relevant strategic advice across various fundamental areas such as market entry, HR and Accounting.

By acquiring the services offered by Consultinghouse, QueryNow have received professional services and credible information to attain their companies' vision, especially in increasing the number of employees in the German office, based on their long-term HR strategy.

Having the maintenance and statutory office address at Consultinghouse in Frankfurt means that QueryNow doesn’t need to worry about penalties or missing deadlines. This gives the company security and they can fully concentrate on their core business.

Since the new GmbH started its business operations in Germany the company has continuously been able to develop its business in the European market while Consultinghouse has provided strong guidance on the strategy as well as on the operational side.

For more information about QueryNow, please visit www.querynow.com .