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Insights / International business

International business · 4 minute read

Before you open an overseas company

The questions worth answering before the first application.

Start with what the company has to do

It is easy to begin with a country and a formation quote. I would start with the activity: what you sell, who buys it, where the work happens and how the money moves. A structure should make that business easier to run.

Write those answers down before speaking to providers. A clear brief makes it much easier to compare the advice you receive.

Put banking into the first conversation

An incorporated company and a workable banking arrangement are separate pieces of work. Ask what information providers will need about your activities, ownership and expected transactions. Find out where an introduction helps and where the institution needs to make its own assessment.

Plan the year after formation

Look beyond the setup invoice. List the recurring administration, renewals, accounting handovers and professional reviews the company will need. Give each item an owner.

The useful question is whether you can operate the whole arrangement properly once the formation agent has finished.

Bring the connected questions together

Where you live, where you work and where the business operates can create questions in more than one country. Get the relevant specialists to look at the connected facts before making a decision.

My role is to help organise that picture and keep the work moving. The result should be a plan you can explain, with responsibilities and next steps written down.

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