All these ones you are talking about has to do with exporting. We are now talking about international business where you have to go open a branch of your business in another country.
International business expansion
- Thread starter Johnson2468
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I see, but opening a branch in other country will need a lot of regulatory requirements. If you open a branch in the Philippines you must seek advice from our regulatory agencies. like the Board of investment among others... Now if you want to do business like what others are doing to get away from laws is have a dummy who is a citizen of the country and pretend that the local owns the business.
That means you would plant a stooge to register the business for you using the advantage of being a citizen. You know one thing? There might be disagreements in the future and everything would come to light.
Yes definitely disagreements are likely to happen.
This is where targeting is very important in your promotion of your business because that is the only way you can be able to get your business in front of those that are in the countries that you want your business to be promoted.
That's true, it is one of the major advantage of paid advertising. When you use paid advertising you will target the country you want to target.
With the wave of globalization occasioned by the internet and technology, every business should be aiming to go international. It is okay to start as local business, then you nationalize and globalize.
There is huge profit in international business expansion and you must carry out market research propwrly before doing such.
Of course there are a lot of benefits that comes from it but it is not really easy. You need to be financially buoyant and have connections in countries you want to expand to.
Well it is what every business man desires but it is not really easy. You need to have the necessary capital and you also need to have knowledge about business rules and regulations in the country you want to expand to.
Yes o. A friendly working relationship between countries play a major role in a business expansion internationally. After this, the economy situation of that country is also important. No one would like to invest in country with unstable economy. Finally, a country with managed security condition would enjoy business patronage.
Only big time capitalist can expand their business abroad. It is simply because it requires millions budget, person to transact to abroad petmits to expand business abroad, tax computations, costs of labor and manner of transportation.
And you must be sure that the type of manpower available in that country can run such businesses. You won't want to go open a tech firm in a country that doesn't know jack about tech and expect to find capable people to work in the organization.
Expansion into other countries require that you are conversant with the laws of that country. It also requires that you understand how the business clime in that country works. And you must understand how the market works in that country.
International business expansion is necessary for business growth, if you have the capital to carry it out.
That is not really a problem in my own perspective. Any business that wants to expand internationally must try to meet up to that standard.
You really think that this is not a problem? It is a huge problem when you were used to producing at a much lower standard than the one demanded by the international market. Did you hear that Nigerian yams exported to the UK were turned back becaus they could not pass UK quality tests.
