Alexa

50 Smartest Companies of the Year 2019

Mercedes Saez, Privacy Management Group Inc. VPO: ‘Our Business is Service, Our Service means Business’

thesiliconreview-mercedes-saez-vpo-privacy-management-group-inc-19.jpg

“We assist businesses under our management to set up bases in the US.”

An entrepreneurial journey is one of the most exciting phases in an individual’s career. A corporate services provider makes this roller coaster journey of an entrepreneur far easier. Corporate Service Provider helps with company incorporation and takes over almost all functions of running an enterprise so the business owner can concentrate on their core idea and set up to become a successful entrepreneur. It’s essential to keep businesses lean, agile, and efficient. This flexibility is garnered by engaging a corporate service provider.

Given the preceding, we’re overwhelmed to present Privacy Management Group Inc.

Privacy Management Group, aka PMG, is an international Consultancy and Corporate Service Provider, specializing in the establishment, management, and administration of international businesses. Generally, these activities include corporate re-structuring to support the global tax planning needs of its clients, wealth protection, cross-border investment, and foreign market entry.

Mercedes Saez, Privacy Management Group Inc. Vice President Operations, spoke exclusively to The Silicon Review about the future of the Corporate Service Provider Industry in the US and Europe, and how she sees the Privacy Management Group playing a part in shaping a better way in this industry. Below is an excerpt from the interview.

Q. TSR: We want to thank you for taking the time with us today.

MS: Thank you for inviting me.

Q. TSR: It's evident from the previous press releases that PMG primarily focuses on the establishment of businesses in Europe and the US.

MS: Absolutely, we help startups and existing foreign companies with their market entry in the USA.

Q. TSR: How long has PMG been around?

MS: The company was incorporated in 2004 in Europe and is now in the process of being headquartered in Miami, Florida.

Q. TSR: What kind of businesses do you bring to the US?

MS: Existing businesses and startups that prove to be successful and contribute to the US economy. PMG consists of a multinational team, and we speak at least five languages. Nobody has to talk to us in a language other than their native one. That has been our success for many years.

We assist businesses under our management to set up bases in the US. These businesses create new jobs, pay taxes in the US and very often, foreign investors also buy properties in the US, especially in Florida. There are several reasons to expand your business to the US:

  • The US is still the world's largest economy, accounting for almost a quarter of the global GDP
  • Many Europeans and especially existing clients approach us to expand their business globally. The US is on the top of their list

Q. TSR: Give us an example of what business activities you are talking about.

MS: Selling their products on Amazon USA, for instance, can bring significant sales increases for European online retailers.

The US e-commerce market is a growth market. According to analyses, e-commerce sales in the US amounted to $260 billion in 2014.

The US Department of Commerce estimates consumers spent $513.61 billion online in 2018.

With a presence on Amazon USA, European online retailers are participating in the growth of the US market.

Q. TSR: How do you rate the market in which you operate?

MS: We are very well aware of the challenges. There are a lot of service providers or incorporators in the US. However, one significant advantage is our long-term experience in this market, combined with the ability to speak the client's language and to offer all services from A-Z under one roof.

Q. TSR: What services, in particular, do you provide?

MS: Very often, our clients contact us for a free consultation in the first place. If they like what we offer, we will then set up the entity in the US and help them open a bank account and find an office. We provide bookkeeping services, sales tax services, office services, assist with US Visa services, help obtain EIN's and ITIN's, and find the right place to rent or buy.

For those who come to the US on an L1 Visa -- sending or relocating managerial staff for up to five years, we assist in finding the right environment, rental property, and schools if required. Our concierge service runs time-consuming errands. We open doors for our clients.

Our Business is Service, Our Service means Business.

TSR: Thank you for giving us an insight into your business.

MS: Thank you again for inviting me.

“Our concierge service runs time-consuming errands. We open doors for our clients.”