Expanding Globally: A step by step guide for Ambitious Businesses

Taking a business international is a significant step, one that comes with its own set of challenges and opportunities. For many companies, the complexities of entering new markets—be they regulatory, operational, or cultural—can seem daunting. Yet, for those aiming to scale and reach their full potential, expanding into global markets can be a transformative move, unlocking growth and enhancing competitiveness.

At @briars, we have worked with a range of businesses as they take their first steps into new territories. Our experience has shown us that, with the right planning and advice, the benefits of global expansion can far outweigh the difficulties. Here, we offer key insights on how to approach international growth and make it a success.

Structuring Your Business for Global Success

One of the first considerations when expanding overseas is determining the best corporate structure for your new entity. The decision is influenced by factors such as ownership, management, liabilities, and long-term goals. Selecting the right structure ensures that your business is positioned for operational efficiency and compliance.

Another early priority is opening a corporate bank account in the new market. The process can be time-consuming, so it’s wise to initiate this step early. Ensuring you meet all local requirements for banking will help you establish a smooth financial setup, critical for day-to-day operations.

Equally important is understanding the tax implications of your international presence. Determining what constitutes a taxable presence (or permanent establishment) is a key step, and businesses should take the time to assess the tax environment of their chosen market. A thorough review of local tax treaties and potential tax-saving structures will ensure you optimise your financial strategy while remaining compliant.

Briars Group offers end-to-end support on corporate structuring, incorporation, and legal compliance, ensuring your international setup is both efficient and compliant.

Managing International Taxation

When entering a new market, taxation is a constant consideration. From VAT obligations to payroll taxes and corporate tax filings, understanding the local tax framework is crucial. Businesses must stay on top of regular filings, tax payments, and any local obligations to avoid penalties and maintain good standing in their new market.

It’s also important to think ahead: Will you need to register for certain taxes right away? How will local tax laws affect your overall corporate strategy? Our team at Briars helps businesses navigate these questions, providing guidance on tax compliance and the most efficient ways to manage your tax obligations across borders.

We create tailored tax compliance calendars and offer expert advice on managing issues such as transfer pricing, withholding taxes, and local tax reliefs.

Building a Global Team

A company’s people are often its greatest asset, and hiring the right talent is vital to the success of any international expansion. Whether you’re hiring locally or sending employees from your home country, understanding the local employment laws and cultural expectations is essential.

Employment regulations differ from country to country. For instance, European countries tend to have more protective employment laws compared to the United States, which follows an "at-will" employment model. Understanding these differences will help you avoid potential pitfalls in hiring, managing, and terminating staff.

Additionally, expatriate employees bring their own set of challenges, from visa requirements to tax implications and compensation packages. Companies need to plan for these complexities, including cost-of-living adjustments and local payroll compliance.

Briars Group has extensive experience helping companies manage their global workforce, ensuring compliance with local regulations while offering competitive packages to attract and retain top talent.

Staying Compliant in a New Market

Compliance is a critical part of any international business operation. From statutory filings to mandatory audits, companies must ensure they follow the specific regulations of each country they operate in. This includes managing financial reporting, adhering to local accounting standards, and keeping track of important filing deadlines.

Our team at Briars can help you navigate the complexities of international compliance, ensuring that your business stays on top of its obligations and operates smoothly in its new market.

Preparing for International Growth

Expanding a business internationally requires not only strategic planning but also the ability to adapt to new challenges. From navigating complex regulatory environments to understanding cultural differences, businesses need to be prepared for the unexpected.

As a trusted partner, Briars Group provides comprehensive support to businesses looking to expand into new markets. Our expertise spans corporate governance, tax planning, human resources, and compliance, giving businesses the confidence to tackle international growth without unnecessary stress.

With the right guidance, global expansion can be a powerful engine for growth. Let us help you turn your ambitions into a reality, guiding you every step of the way.