What is greenfield venture?

Accounting Dec 17, 2020

Expert Solution

One option is a green field investment where the company sets up a whole new basis of operations in a new country. This type of foreign investment has many benefits to the new place of operations with jobs and opportunities and is sought after by companies with tax incentives. The disadvantage of a green field venture is that it one of the most costly ways to expand into a foreign nation and rests on good relationships between the new country and the nation they are domiciled in.

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