Latest Guides & Tips
Start a business in India
India has a burgeoning middle class with money to spend, a large English-speaking population. SmallBusiness.co.uk talks to the UK entrepreneurs who are cashing in on the world’s second-fastest-growing economy.
Starting a business in Eastern Europe
Eastern Europe has undergone and is still undergoing many substantial changes, which are altering the economic landscape. Would-be entrepreneurs should investigate the area to see if any lucrative business opportunities are arising.
Documentation for living and working abroad
In 2005, almost 200,000 Britons headed overseas permanently and many of these people are leaving the UK to start up their own business abroad. A major hurdle they will have to clear, however, is gaining permission to start a business in a new country – applying for a visa or work permit can be a lengthy process, which varies from country to country.
Watch out for the language barrier
One might think that the confidence, even arrogance, of the British in the pervasive nature of our mother tongue would successfully see us through the maze of overseas expansion. In fact, in the minds of many of the UK’s exporters there are no barriers. However, because of Britain’s long-standing unwillingness to communicate in foreign languages we may be offending some clients and possibly ignoring others.
Setting up in Australia
Considering seeking business fortunes Down Under? Then there are a set of steps you will need to take, including devising a thorough business plan, settling on a suitable business structure, and scouring the local market to ensure there’s sufficient demand for your service or product.
Buying property abroad
Within just a couple of minutes’ internet searching you can find a new apartment, on the south coast of Spain going for £61,000, two minutes from the beach in Cyprus for £60,000 and on the banks of the Black Sea for less than £40,000.
Moving abroad: legal issues
From a legal perspective, the rights and obligations affecting business owners vary greatly from country-to-country, so it is essential to understand the environment you are heading into prior to departure.
Cultural and commercial considerations
When considering setting up a business abroad, it’s vital to take into account the commercial realities and cultural differences of the region to which you’re moving.
Setting up a business in Spain
Spain is one of the most popular destinations for Britons wanting to set up a business abroad. With 16 million British tourists visiting every year and over 650,000 having moved there permanently this is no surprise.
Tax considerations abroad
Before setting up business in any country one of the first things to investigate is the tax and VAT situation as you do not want to find yourself paying over large chunks of your profits in exorbitant taxes.
Expand abroad and protect your business
The majority of Britain’s small businesses are not concerned by the expansion of the EU, with 75 per cent saying that they see it as having no impact whatsoever, says research released by AXA group. So are they missing an important opportunity? Read this article to find out how to plan for expansion.
