Online trading and the use of online marketplaces, such as Amazon, have made it even easier for businesses to reach potential customers, many of whom they would not have considered to be within their target market just a few years ago.
Initially, trading abroad may be by way of exporting, using a local agent or distributor. Once the local market is understood, businesses may then seek to set up or expand their business operations overseas.
Setting up overseas could be by way of buying an existing business, entering into a joint venture arrangement with a local partner, or often it is by setting up a branch or an overseas subsidiary.
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In our experience, in addition to understanding the cultural differences, language and political stability of the overseas country, to successfully expand and set up a business operation abroad there are a number of key areas that require due consideration.
Our specialists are passionate about helping businesses grow both within the UK and internationally, we will work with our international network, Crowe Global to support you and implement your expansion strategy.
By making smart decisions today we can create lasting value tomorrow.