Also in the news...
Foreign travel advice Indonesia
FCDO advises against all travel to parts of Indonesia.
Foreign travel advice Romania
Warnings and insurance Still current at: 24 April 2024 Updated: 23 April 2024 Latest update: Information related to drug offences and Romanian music festivals (under 'Laws and cultural differences' subheading on the 'Safety and security' page).
Foreign travel advice The Gambia
Warnings and insurance Still current at: 23 April 2024 Updated: 22 April 2024 Latest update: Ferry services between Banjul and Barra have been suspended until further notice; The Islamic Summit of the OIC (Organisation of Islamic Cooperation) will be held in Banjul on 4-5 May; road closures and delays at Banjul International Airport ('Safety and security' page).
Foreign travel advice China
Warnings and insurance Still current at: 23 April 2024 Updated: 22 April 2024 Latest update: Updated information on flooding (‘Safety and security’ page).
Guidance Living in South Korea
Information for British citizens moving to or living in South Korea, including guidance on residency, healthcare, driving and more.
Starting up overseas? Where do you start?
When considering starting up a business overseas it is essential to research your market. There is no substitute for visiting the country and getting first hand experience on the ground, however this can be prohibitively expensive. Especially when considering a number of different countries for your start-up.
Desk research can cover a lot of what you’ll need to find out. The Internet, local libraries, trade associations and directories, newspaper supplements and trade journals are all valuable sources of information.
If your product is new to the market?, are there suppliers in your selected country for the equipment and services you will need?, are they local to where you will setup?. Contacting these suppliers before you visit will give you a valuable insight into the business sector in your country of choice.
An online resource such as Kompass will give you access to relevant International business information. The database has information on over 4 million companies in over 70 countries and is searchable by over 58,000 business headings.
Once you have established your business overseas you will also need to let the market know you are there. Kompass can also provide you with a comprehensive database of sales leads. Our online list builder easily allows you to target potential customers, view and download their information for your sales and marketing activity to ensure your product is promoted to businesses or consumers with a potential keen interest in the surrounding area.
If you are considering starting up overseas your first contact should be Kompass UK and we can give you a demonstration on how our database can assist you, to save you time and money.
Call us today on 0800 0185 882 or visit www.kompassinfo.co.uk for more information.