Also in the news...
International Trade Week launched to support new exporters
Trade department support for exporters in week-long event taking place next month
Moving Abroad For Work: How To Manage Your Finances
Relocating to a new country to start a business or get an exciting new role is an exhilarating process, but you need to make sure that you’re fully prepared.
International Trade Secretary opens the Global Investment Summit
Secretary of State for International Trade, Anne-Marie Trevelyan, welcomes overseas investors and delegates to the Global Investment Summit in London.
Croatia: providing services and travelling for business
Guidance for UK businesses on rules for selling services to Croatia.
Prime Minister and Bill Gates launch £400m partnership to boost green investment
The strategic partnership with the Breakthrough Energy Catalyst will mobilise £200 million of private sector funding over 10 years.
Thinking Of Expanding Your Business Into New Territories?
Today sees the launch of a new report from The Economist Intelligence Unit, sponsored by TMF Group.
"Corporate overseas expansion: opportunities and barriers" examines the motivations and practical challenges faced by over 150 global businesses when they set up operations in a new geographic territory.
Depending on your location, your routes and reasons for expansion could also be very different. What issues are you likely to encounter?
Top 5 challenges faced by businesses when expanding:
1. Understanding and adapting to socio economic circumstances in target market
2. Exchange rate volatility
3. Data protection and privacy laws
4. Security and personal safety of staff
5. Local employment customs, practices and laws
Europe
Three in four European companies cite opening new markets for their products and services as the key driver in international expansion.
Asia Pacific
Businesses in Asia Pacific prioritise finding new sources of capital.
North America
US firms are heavily reliant on Chambers of Commerce, with over half seeking assistance in both their home and destination market.