Although the market is exploding, there is a negative effect on infrastructure. The construction boom in Brazil, propelled by the coming 2014 World Cup and the 2016 Olympics, is causing strain on resources and increased labor costs. At the same time, the population and the economy are growing so rapidly that the city is having a difficult time addressing traffic congestion within the metro area, causing headaches to locals.
The make-up of a country’s work week is a significant factor to consider when operating in a particular country. The weekend in many Arab nations is marked on Friday and Saturday.
For businesses operating in the Middle East, it is important to: respect the local weekend, which was chosen to respect religious beliefs; include more working days that overlap with international financial markets; and improve business contacts with Western states.
Implementing a plan to honor the local country’s traditions is just as critical as making sure operations run smoothly.
The import tax in India, also known as import duty, is levied on almost all products and goods transported within country borders. The tax rate ranges from 5 to 45 percent, determined by the product’s type, quality and expected use.
Top-tier large importers have access to the Green Channel Facility, which streamlines the import process. As an approved importer, large volumes of a product can be imported without being checked individually, but this is only allowed if there are no concerns regarding a product’s quality.
There is an option for an import tax savings that can be achieved. Rather than purchasing a product locally from a security integrator, for example, they can sell it to an organization as a high-seas sale, which reduces the import tax payment due.
Unlike the United States, Europe takes full advantage of holidays and the lazy days of summer. In fact, more than 70 percent of European-based businesses operate with a skeleton staff during the summer months, while other organizations throughout Europe close down. Therefore, it is important to plan months in advance to make sure projects are completed ahead of summer.
But the long holidays are not the only thing to consider when doing business in Europe. The data privacy laws in Europe are incredibly strict and have a significant impact on the security industry — in particular, sharing employee data that is stored on an access control system between offices in other countries may not be allowed.
Also, strict laws control video storage policies. The EU requires companies to comply with regulated video retention times, camera placement, video monitoring and data transmission. If a company is not aware of these requirements, it can quickly become non-compliant with the local data privacy laws.
It may seem simplistic, but when operating a business in Russia, it is a requirement: All legal agreements must be in authored in Russian. With that in mind, it is important to have a translator on hand to address the translation of native language legal documents into Russian.
In 2002, China developed the China Compulsory Certificate mark, commonly known as CCC Mark, a compulsory safety mark for products imported, sold or used in theChinesemarket. The CCC mark is required for both domestically manufactured products and technologies imported into China, including electrical wires and cables, IT equipment, low-voltage electrical equipment and alarm systems. The certification process takes between four and eight months, and includes an application, factory testing and inspections. If a company plans to specify products for their operations in China, the CCC mark is a requirement.
The Global Business Landscape
It is important to note that it can be challenging to operate in many emerging markets, as cultural practices ingrained within the society tend to violate the foreign corrupt practices act. Therefore, it is critical to deal with reputable global organizations wherever possible to protect yourself and your business from these types of issues.
Because of the growth of the global economy, increased emphasis on security due to evolving risks and the expanding role of security within a business, security leaders look to rely on a long-term partner that is able to recommend security products and initiatives that will address various needs. Security systems integrators can develop a customized approach to a customer’s security needs, whether local or across multiple continents, providing value beyond the installation of technology.