Doing Business
Overseas

Helping businesses expand internationally with expert guidance, strategic planning, and access to trusted global expertise.

Have you considered expanding overseas but not sure where to start or how to get the right support and guidance?

Our specialists have the expert knowledge you need to help you begin your export journey.

Doing business overseas could offer a major expansion opportunity for your business but to establish and quantify the potential will require significant planning and preparation. From that point you will then need to assess all the operational considerations and how best to progress.

As part of Kreston Global, we can help you with this process.

Not only do we provide a full range of accountancy and business advisory services that will help you to achieve your personal and business goals, but we also understand your professional challenges and opportunities. If doing business overseas is your aspiration, as members of the Kreston network, we can help.

This global network gives us access to the knowledge and skills of our trusted counterparts in over 155 countries. Wherever in the world you want to begin, we can help your business to meet the demands of the future.

What should you think about before doing business overseas?

Your business is personal to you and has most likely developed to fit the prevailing cultural landscape in the UK. This means that there are many aspects of overseas trading that you will need to think about such as culture, compliance and commercial goals.

There is no one size fits all approach to taking your business overseas as the direction you take will be guided by where you intend to start and with some research into the local market to establish if there is a viable opportunity.

Advice from a trusted resident business expert will provide insight and guidance and will allow you to expedite your planning.

Business advice from a resident specialist in whatever countries you identify as potential will be crucial for early insight and help you to formulate and benchmark a plan.

Which routes are available for doing business overseas?

What options are available and how do you choose between them? Again, this will be directed by your plan but there are various routes to consider.

Testing the market

You could start by just having a digital presence or even a concession arrangement to test the market.

Using local distributors

This entails having physical stock but no other presence in the market, which can help test logistics and appetite for trade.

Full immersion

This option can be reserved for future commitment when the market has been thoroughly risk tested and an execution plan has been created to deliver offices, retail space, employee relocation and possible local recruitment.

Exporting – Is there any grant/financial support available?

Grant support may be available to assist with your export plans. Funding availability changes regularly but grant support is often available towards activities such as market research, IP advice, translation services, trade fair attendance and international market visits.

Furthermore, should you decide to setup an overseas facility, grant support may be available towards setup costs including acquiring or leasing premises and investment in plant, machinery and equipment. Rules on eligibility and availability of funding vary from country to county so you should take expert advice before commencing any application process to ensure you understand the potential levels of support and maximise your chances of a successful bid.

In addition to grant funding, there are a range of export finance products available that could assist with the financing of your expansion plans. This includes working capital facilities, bonds and credit guarantees. A range of financial institutions and some government agencies offer products that can help and it is important to seek advice on the most appropriate options for your business and project.

The Department for International Trade (DIT) also has a raft of support available from government advice to interactive planning and market research tools to help you compare possible markets.

You can find more information here

What barriers are there to doing trade internationally?

Barriers can come in all shapes and sizes and often present in unexpected ways.

The kinds of things that may impact your ability to trade could include.

  • The economy may be very different.
  • The legal system in country including employment regulations, VAT, customs and tax requirements. Sometimes there are additional local taxes to consider, and property negotiations can vary widely.
  • Culture and language barriers can be significant.
  • Local marketing and advertising norms may differ.
  • Management of the overseas business may require a senior level relocation to show commitment which could impact UK resource and capability.

A local expert will be familiar with all the compliance matters you will need to consider and will be able to help you access the most appropriate support to maximise your opportunity.

We look forward to starting a conversation with you on how you could do business overseas.

 

PCE

PCE is headquartered in Teesside and has branches throughout Europe.  As the Group Finance Director, it is vital that I can rely on my advisors to help navigate the compliance and taxation issues that running a European group entails.  The business has used Clive Owen for nearly twenty five years and have worked specifically with Kevin Shotton for the last five.

Kevin and his team perform the full Group audit including our overseas subsidiaries. Further, as well as giving significant input on our UK taxation position, I can and do call on the team’s expertise to help with transfer pricing and other issues associated with running a multinational business.  I genuinely appreciate the time and effort that Kevin puts into the relationship; I know during our meetings that he will have considered issues from a number of different angles meaning he is able to present us with options that we might not otherwise have thought of.

This breadth of knowledge and ownership of the relationship mean that I cannot recommend him highly enough.

Ben Williamson

I am a Medical Doctor who lives in Spain and provides medical services in both the UK and Spain on a self-employed basis.

I have used Clive Owen LLP for over a decade. They have always helped me to do my tax returns and provide advice on tax matters.

It has been vital for my business to keep tax issues clear so there are no mix ups between both countries tax authorities. It is also of great value making sure I pay just the right amount of tax and keeping up to date with current regulations.

I would reccomend them to anybody who intends to do business in the UK and other EU Countries

 

J.Ruiz

“Clive Owen’s support was instrumental in helping us secure the funding we needed to invest in new manufacturing equipment at our Cramlington site, securing the future of 12 skilled jobs.

The Business Growth Fund grant helped us to enhance our production capabilities and support continued growth, and the team provided valuable knowledge and experience throughout the grant application process.”

Leigh Dobson, Miller

Miller UK

NEG Architectural Systems design, manufacture and install architectural façade systems from our base in Washington, Tyne and Wear. Following strong, sustained growth we reached a point where we had a bottleneck in one of our key production processes. We had to make a decision as to whether to invest in new profiling equipment or to wait until market demand became clearer. We learned about the opportunity to secure grant support to de-risk our investment and appointed the Clive Owen grants advisory team to undertake the bid writing process on our behalf.

 

We were successful with our application, and this has allowed us to commit to the new machinery and create new jobs in the business. The support from Clive Owen allowed us to speed up the application timeline whilst our management team focussed on the business. We would recommend working with Joe Vera-Sanso and Carl Wright on all things grants.

NEG Architectural Systems Limited