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4 Things to Remember When Moving a Business Abroad

The draw of sunnier climates can be enough incentive on its own, but there are many reasons why Brits choose to up and relocate to other countries, from family commitments to wanting a fresh start.

However, if you’re a business owner, it can be a little more challenging to set your company up overseas – in fact, depending on where you’re choosing to move, this could involve shutting down your existing company and starting again from scratch. At least this time you’ll have a wealth of knowledge and a client base to build from.

If you’re thinking of moving your company overseas, then here are four things that you should keep in mind.

1. Speaking the Language

Depending on where you choose to set down new roots, you might find yourself a victim of the language barrier – though of course, if you’re lucky enough to speak multiple languages, you’ll probably thrive from day one.

However, for many of us out there, we’re only fluent in our native language, and really struggle when it comes to language learning.

Luckily, there are plenty of tools out there that can give you a little helping hand. Services such as Rosetta Stone allow you to immerse yourself in your chosen language, with either self-study or coaching, depending on the package that you choose.

This way, you’ll be able to get a head start on settling into your new life.

2. Expert Advice on Regulations

Chances are that the rules and regulations for operating a business abroad might be a little different from the ones that you’re used to.

You can do your own research into these, and of course, you should. However, it’s also a good idea for you to seek legal advice from professionals who know what they’re talking about.

Tax laws are a big thing to keep in mind, these are often different country to country, and violating them, even accidently, can get you in a lot of trouble.

3. Living and Working Arrangements

Finding a premises and somewhere to live is also something you need to think about before you move. If you don’t have a strong knowledge of the area, then this can be tricky. It’s a good idea to pay a few trips to your chosen destination and spend time in the area getting to know the transportation system and figuring out the towns and cities.

Once you have a better idea of where you should set up, you’ll need to find yourself an estate agent to help you settle into your new life. In fact, there are even estate agents such as Property Lisbon who can help you access Portugal’s Golden Visa scheme. This programme grants you a visa to live and work in Portugal through property investment.

4. Think About Your Team

Finally, you should consider the needs of your team – not everyone who works for you will necessarily be able to uproot their lives.

Luckily, they don’t have to! Remote working is increasingly popular with 16% of the world’s companies now fully remote.

Tell us how you set up abroad!

Photo by Timothy Exodus on Unsplash

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