Regulatory Compliance Services
Regulatory compliance is a key factor in evaluating a particular market as a potential business opportunity. Such requirements can be imposed upon the business or its services, the industry or a product line. Therefore, regulatory compliance requires financial and business commitments. The up-front knowledge of associated costs, or barriers to entry, is a decisive factor in a company`s efforts of strategic business planning.
Such costs are related to registration requirements for the business, its services or product line. Regulatory compliance might be associated with product formulation or design changes, laboratory testing in accordance with a specific protocol and or compliance with specific packaging and labeling requirements. The cost affiliated with such requirements might inhibit a business from seeking business presence in a particular market. The cost of not being aware of such requirements whilst pursuing a particular market might be even higher.
Since 1993, KHO has supported companies with their business decisions on regulatory compliance. Our support is dictated by the business needs of our customer at the time of making inquiries with KHO. For example, KHO is contacted when a product is red flagged by the Customs Authorities of a particular country and restricted from entering the market. Ideally, KHO supports a business team in pro-actively planning a new product launch or introducing their products to a new market.