February 15, 2021
Many owner-managed businesses (OMB’s) investigate international trade when they
can’t increase sales in their home market. The internet has
opened up many possibilities for OMBs to reach global
markets, without the need for considerable investment
abroad.
As well as boosting revenue, exporting can
reduce the risk of over-reliance on the UK.
Whether you are trading online or through in-country
sales teams, there will be different tax and legislation
requirements.
These need to be understood and
a structure put in place before you start trading.
There are some key issues that you may
need to take into consideration when
you are planning to expand overseas,
these are:
- Tax
- Movement of people
- Compliance with local legislation
- Intellectual property
