Here Today; Abroad Tomorrow

Plenty of Americans find work in other countries. Preliminary numbers from the IRS show that 303,940 taxpayers claimed the foreign-earned income exclusion in 2005. Be it selling cheap pens, or any sort of business, U.S. Entrepreneurs are finding may advantages to creating their company outsie the U.S.

But starting a business overseas can offer a far more intimate insight into the challenges of red tape, labor laws and cultural differences. Those who surmount the obstacles can find an alluring market for their venture. "We're especially aware that the European markets are very attractive to U.S. companies right now because of the dollar/pound exchange rates," says Simon Jones, president of the Munich chapter of the American-German Business Club.

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