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Trade and services regulations in Luxembourg
If you are a UK business providing services in Luxembourg, you will need to follow Luxembourg regulations about:
If you were living in Iceland before 1 January 2021
Information for British citizens moving to or living in Iceland, including guidance on residency, healthcare and driving.
UK sanctions guidance for Uzbek businesses
Information about UK sanctions and relevant local laws to support compliance of non-UK businesses operating in Uzbekistan.
Protecting Business Reputation When Entering Foreign Markets
Expanding into new international markets presents promising growth opportunities. However, such moves come with challenges, especially when it comes to maintaining and protecting a business’s brand reputation.
Opportunity in Recession: Pound Drops, Foreign Markets Attract
Exporters have capitalised by seeking new market bases where operations are comparatively easy to deal with. Although it may seem an intimidating prospect, today's world is small and well-equipped enough to make such ventures relatively easy
With the west sinking deeper and deeper into recession, many companies are looking to benefit by using favourable exchange rates to their advantage. The Pound's drop against the Euro has seen an increase of UK businesses in the European market, attempting to reach new, international customer.
Exporters have capitalised by seeking new market bases where operations -- including barriers, regulations, clients, customers, etc – are comparatively easy to deal with. The beauty and attraction of the European market for UK businesses is a standardisation of rules and procedures throughout most of the continent. It is a shrewd and relatively safe way to get into exporting and build on your knowledge.
Thinking further afield, many companies are also using the recession to find new markets as far away China. Although it may seem an intimidating prospect, today's world is small and well-equipped enough to make such ventures relatively easy. Naturally, things like language barriers detract many, but there are specialists available to help. Translation and interpretation companies are a perfect and cost-effective way to overcome cultural problems, and you can find many of these firms listed on the Startup Overseas website.
Conversely, the internet is – day by day – making life easier for us all. This is especially true in the case of businesses. With a website, it is now possible to sell a product or service from anywhere to anyone. What's more, it only costs the price of creation and translation. Or why not transform your existing website into a multilingual one?
Whichever option you may consider, one thing can't be denied: with the pound dropping and foreign markets growing, international trade should be at the forefront of every entrepreneur's mind.