Buying Business Property in a Foreign Country: A Comprehensive Guide
Thinking about buying business property in a foreign country? Explore key considerations, legal requirements, and tips for success.
Demand for Virtual Assistants (VAs) has increased enormously over recent years, as more and more people choose to work remotely, running their own businesses, starting side hustles or freelancing.
The tasks a VA takes on can vary - but in every case, your Virtual Assistant is there to take care of some of your daily tasks to free up your time and let you focus on growing your business.
Virtual Assistants typically work remotely - often from home. That means that if you’re looking for a VA to support you, location should be no barrier to finding the perfect person.
Recruiting a VA who lives in a different country can prove beneficial to a business by offering cover across multiple time zones. However, paying someone based abroad can come with high fees and a poor exchange rate via your regular bank. Try Wise Business instead for a simple, cheap way to send money abroad using the mid-market exchange rate. |
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Key takeaways
Virtual Assistants may perform administrative duties, arranging appointments or managing emails.
Or they may provide creative input into social media and marketing, technical support for your ecommerce store - or anything else your business needs.
If you’re thinking about getting a Virtual Assistant to support you, it’s crucial to think carefully about where they may add the most value to your business.
Create a list of tasks and duties, and use this when recruiting your VA. You may decide you want a VA to simply remove some of the repetitive administrative tasks that are eating up precious time.
Or you might prefer to have a VA with a specialist skillset, such as event planning or business analytics.
Here are a few common tasks Virtual Assistants may get involved in:
🔍 You can also read the guide on virtual assistant services for more ideas! |
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The skills, experience and qualifications Virtual Assistants have will vary widely. VAs with specialist experience or higher levels of education are typically more in demand.
There are also various qualifications and professional development tools available specifically for Virtual Assistants.
You may find that some VAs have taken training relevant to the role, covering organization and project management, social media and digital marketing, or business analytics.
This training is often available online, in some cases even for free.
If you’re thinking of hiring a Virtual Assistant for yourself you’ll need to consider what skills, experience and qualifications are important to you. Finding someone competent is crucial - but you’ll also want a VA you can trust, get along with well, and who will take the initiative to help you build your business.
Wondering whether getting a Virtual Assistant is right for you? Here are a few things to consider:
Because a Virtual Assistant can work anywhere they have a computer and internet access, you may choose to employ someone based overseas.
Maybe the perfect person for the job just happens to live abroad.
Or perhaps it’s a strategic decision to have someone who can offer out of hours customer care, or develop better relations with your international suppliers by being close by, and speaking the local language.
If your Virtual Assistant lives abroad, you can pay them in their local currency easily using a smart new fee-free account from Wise Business. Hold multiple currencies in one place, switch between them using the mid-market exchange rate, and pay your team and suppliers in foreign currencies quickly and safely in just a few clicks.
You’ll be able to hire a Virtual Assistant online via freelance marketplace sites such as Upwork¹ and Fiverr². Here you can either place an advert specifying the type of tasks and the amount of support you’re looking for - or you can browse the VAs who have posted their details online to find a good fit.
You may also be able to find a great Virtual Assistant with word of mouth recommendations.
Ask around in your professional network to see if others who use a VA have recommendations about where to connect with great people - or even if they know a VA with the skills you’re looking for themselves.
As most VAs work freelance and take on multiple clients, you might find the perfect person is closer than you think.
🔍 Read the guide on hiring a virtual assistant from the Philippines or find virtual assistant websites |
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Getting a Virtual Assistant can help business owners and entrepreneurs win back time which they can then invest into growing their businesses.
By having someone take care of the administrative, low risk areas of your company day to day, you can take a step back and focus more on what really matters.
You may also choose to use a VA to provide specialist support on an ongoing or project basis, giving your business a boost.
Because VAs typically work remotely, you’re able to fish in a global pool to find the right talent for your role. If you choose to work with a Virtual Assistant based overseas, you’ll be able to manage payroll easily by using Wise Business, for simple and cheap overseas payments.
Wise is not a bank, but a Money Services Business (MSB) provider and a smart alternative to banks. The Wise Business account is designed with international business in mind, and makes it easy to send, hold, and manage business funds in 40+ currencies. You can get major currency account details for a one-off fee to receive overseas payments like a local. You can also Send money to 160+ countries.
Read the guide on how to open a Wise Business account |
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Some key features of Wise Business include: |
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Open a Wise Business account online
See how Wise can help you grow your business today.
Sources:
Sources checked February 2024
*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.
Thinking about buying business property in a foreign country? Explore key considerations, legal requirements, and tips for success.
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