Select your state

Business

offshoring

Offshoring is the practice of locating some of a company’s manufacturing, services, or other processes in a country other than the country where the company is based. Offshoring is typically done to access lower-cost labor resources, labor resources with specific skills, and infrastructure, such as manufacturing plants.

In Hawaii, as in other states, offshoring is not directly regulated by state law, as it primarily pertains to the strategic business decisions made by private companies in the context of global operations. However, federal laws and international trade agreements can influence offshoring practices by setting tariffs, taxes, and regulations that impact the cost and feasibility of operating in foreign countries. Companies in Hawaii may offshore to take advantage of lower labor costs or specific skills abroad, but they must still comply with federal regulations such as the Foreign Corrupt Practices Act, which prohibits bribery of foreign officials, and tax laws that govern the reporting and taxation of foreign income. Additionally, there may be federal incentives or disincentives that can affect offshoring decisions, such as tariffs imposed on goods produced overseas or tax benefits for companies that keep their operations within the United States. It's important for companies considering offshoring to consult with an attorney to ensure compliance with all applicable laws and to understand any potential legal implications of their business decisions.

Legal Articles

State Statutes

Wall Street Quality Legal Services Customized for Main Street Businesses

Wall Street businesses can often absorb great financial losses and plan to make it up in the next quarter. But for Main Street businesses, one legal misstep can lead to financial ruin for the company—and often for its owners. There are countless legal issues that, if mishandled, can lead to loss of customers, loss of revenue, loss of intellectual property, loss of employees, or loss of insurance coverage—and sometimes loss of your investment.

Don't be penny wise and pound foolish—for less than $1.75 per day, you can buy a LegalFix Small Business Legal Plan and get prompt access to a wide range of legal services from an attorney in your state.

Business

offshoring

Wall Street Quality Legal Services Customized for Main Street Businesses

Articles

Hawaii State Code

Business

offshoring

Articles

Hawaii State Code