When a company is considering a move of its headquarters, there are many factors to consider. The main reasons for a company to move its headquarters are to take advantage of better airport facilities, lower corporate taxes, lower average salaries, higher levels of business services, the same industrial specialization and the agglomeration of headquarters in the same sector of activity. Additionally, companies may move as a result of an acquisition or to review opportunities for greater operational efficiency. Expansion and growth is also a common reason for companies to move, as their current facility may no longer have enough space to meet their requirements.
Companies may also be looking to reduce operating costs or find more modernized facilities. It is important to note that only 14.9% of companies move simply because their lease is maturing and only 2.5% of companies move in response to a drop in business. However, many state governments offer generous tax incentives to companies that decide to move their headquarters, making it an attractive option for businesses. When making the decision to relocate a company's headquarters, it is important to consider the impact on employees and executives.
Expert knowledge and evaluation can help companies make informed relocation decisions that will ensure their success for many years to come. The benefits of moving a company's headquarters can be significant. Companies can take advantage of better airport facilities, lower corporate taxes, lower average salaries, higher levels of business services, the same industrial specialization and the agglomeration of headquarters in the same sector of activity. Additionally, companies may be able to review opportunities for greater operational efficiency or reduce operating costs by moving.
Companies may also be able to find more modernized facilities or take advantage of tax incentives offered by state governments.
