Legal Systems and Ethical Standards Research Paper

Legal Systems and Ethical Standards - Research Paper ExampleThis paper gives an in depth analysis of the jural and ethical standards in the two countries.For an international company wishing to do vocation in a foreign country it needs to familiarize itself with the legitimate and ethical standards that regulate the operations of its business line. This mainly focuses on the commercial laws which are known as the law of merchants, intellectual property, commercial paper, business association, mystic maritime law and bankruptcy (JURIST, 2010). The industrial property law is stipulated in The Paris Treaty and covers matters including unfair competition, trademarks, patents and industrial designs. To incorporate a business in Greece the company must receive approval from the Chamber of Commerce and Industry, pay tax to the local tax ascendency and register with all other pertinent bodies in the country. The legal system in the United States has led to the emergence of a capitalist market. thither is free ownership of property and freedom of choice. There are unclear rules and regulations governing the business environment in the country.Joe Diver Company should get authorization from the Chamber of Commerce and Industry. The company should file its documents with the capital of Greece Bar Association. It should pay the deposit capital in a bank, pay capital tax on the concentration of capital to the local tax authority and obtain a tax registration number. The company should sign the Articles of Incorporation before the notary public. The company must notify manpower OAED (Office of Aboriginal economical Development) within eight days of hiring a worker. Joe Diver Company should register with the relevant social security authorities. For a foreign company seeking to take in its products in Greece it must have 300,000 Euros (U. S. Commercial Service, 2010). Its labor laws must comply with those in the country and a third of the jobs created should be given to the citizens. A business