- Original Poster
- #1
I live on an island within the EU. I have a successful business that is making about 30% net profit. I turnover about 500k per year with room for very high expansion. However, I have a considerable problem. The Company is 5 years old.
My business requires a lot of warehousing storage space and on this island it is extremely expensive. Astronomically expensive. As are the residential properties. It's done to keep foreigners out or at least make it difficult for them - in my opinion.
This island also has another problem. It is very corrupt. I've lived here 10 years now. I'm English, Within a few years of living here, I ended up getting a garnish order freezing my personal account for 30k euros done by a very corrupt individual. I've never used personal banking since that time and always operating everything I do through a Company.
I have no access to bank finance because of the above but I don't really desire to do this anyway... Besides, it is very discriminatory towards foreigners.
I would like to know what my options are? I don't particularly want to get an investor because of how corrupt they are here.
I was thinking crowd funding but it's very hard to provide incentive to people for these kinds of ventures I believe.
Is there anything I might be missing?
I don't mind building the warehouse, buying it. I'll literally do just about anything to achieve my aims. But what to do. It seems very difficult.
My business requires a lot of warehousing storage space and on this island it is extremely expensive. Astronomically expensive. As are the residential properties. It's done to keep foreigners out or at least make it difficult for them - in my opinion.
This island also has another problem. It is very corrupt. I've lived here 10 years now. I'm English, Within a few years of living here, I ended up getting a garnish order freezing my personal account for 30k euros done by a very corrupt individual. I've never used personal banking since that time and always operating everything I do through a Company.
I have no access to bank finance because of the above but I don't really desire to do this anyway... Besides, it is very discriminatory towards foreigners.
I would like to know what my options are? I don't particularly want to get an investor because of how corrupt they are here.
I was thinking crowd funding but it's very hard to provide incentive to people for these kinds of ventures I believe.
Is there anything I might be missing?
I don't mind building the warehouse, buying it. I'll literally do just about anything to achieve my aims. But what to do. It seems very difficult.
