Open your Business Abroad

There is a lot to consider, but H&CO is here to make what can seem complex very simple.  

The key consideration is aligning your business goals with the markets you are looking to enter and a strategic plan in place that helps you achieve those goals.   Once you’ve chosen your route to global expansion you should consider ensuring you are operating effectively and compliantly in those markets so you achieve your goals. 

Are you looking for international growth?  Our team can help you determine the best markets to enter to grow your business 

Are you looking for to save costs by outsourcing to another country?  Our team has the expertise to help here.

When expanding globally it is important to consider the main reasons for your expansion and then determining which market and country will help you best to achieve your goals. For example If your expanding to grow your revenue then a market analysis can be done to see where you’d have the most success selling your goods or services.  

Alternatively if you are looking to lower costs there are key markets for this as well dependant on your needs as well as areas like language skills and cultural fits when looking at staff. 

Get in touch with our team to help walk you through the best countries for your business to expand. 

Costs for expanding globally can vary greatly between countries, strategies and the size of the business growth.  Contact our team and we can quickly provide you detailed costs based on your business needs. 

If you are looking to hire one employee in one country the costs may be significantly less than in your home country.  However if you are looking to enter into multiple countries you need to not only consider the cost of your local providers in each country but also for your central team to manage what could be many providers. 

H&CO can streamline all of this for you so that you have one key provider allowing you to control your cost structure when operating globally. 

The time to establish in a new country can vary from days to months depending on the country.  In addition when you are setting up to operate and employee people in a new country it’s important to not just consider the time of incorporating but also how long it takes to register with local authorities and set up bank accounts. 

Our team of experts can provide you with exact timings and plans to get you up and operating quickly no matter the country. 

Global Expansion is a great opportunity but ensuring that your operations are run correctly outside your home country is the major risk to consider in order to maximize your investment.  

 Non compliance with local regulations or not meeting payroll for your employees can mean that your global expansion goals suffer (or fail completely), but they will also take up significant time from your management teams back at headquarters. 

This is a major question companies face. Often local providers can seem more cost effective but in order to maximize that cost effectiveness you must have internal teams that can manage multiple local providers and be able to speak their language to ensure a smooth and compliant operation.  Also, it is key any local provider understands international companies as the management of operations for these companies is different. 

Global providers, llike H&CO, can give you one firm to manage all your global compliance and when like H&CO they also have expertise on the ground you get the best local knowledge combined with global effeciencies.