In an increasingly global marketplace, the opportunities from internationalising your business have never been greater.
Accessing foreign markets enables you to reach new customers, take advantage of economies of scale and diversify your market risk.
Free trade agreements, deregulation and changing global trade patterns are opening up opportunities for investment and expansion in many more markets.
Internationalisation is also no longer just an option for larger corporates, with advances in technology leading to huge opportunities for small and medium sized companies.
HARNESSING THE POWER OF OUR GLOBAL NETWORK
The global UHY network is ideally placed to help you assess and exploit the opportunities, and minimise risks for your business in international markets.
Through UHY’s global presence, member firms are able to provide the on-the-ground knowledge and market insight which can be crucial for success in markets with often very different business cultures and practices.
UHY’s professionals around the world are able to draw on the strong relationships and reputations developed in local markets to help facilitate business introductions and networking opportunities.
FROM INITIAL RESEARCH TO ESTABLISHING A FOOTHOLD
From market assessments to establishing the most promising opportunities for your business, through to identifying distributors or agents and negotiating terms with customers, UHY member firms can help at every stage of breaking into new markets.
If you are looking to establish a joint venture or set up a physical base in an overseas location, member firms are able to provide practical advice across areas such as employment law, taxation, accounting practices and establishing subsidiary companies.
Many clients have been helped with the issues around acquiring companies or assets in overseas markets.
UHY MEMBER FIRMS CAN HELP YOU WITH THE DIFFERENT STEPS:
- Initial market research and assessment
- Identification of competitors and potential targets
- Cultural differences and customs
- Business etiquette and protocol
- Local business and political environment
- Finance, grants and incentives
- Taxation & business structures
- Personal introductions and networking opportunities with relevant third parties
- Finding business premises
- Employing staff and human resource requirements and legislation
- Accounting and auditing requirements such as Letter of Intent (LOI), due diligence process, Sale Purchase Agreement (SPA) / merger / joint venture/agency agreement, etc