The choice to expand your business internationally is a major choice that is not always an easy one to make. The cost is of course a major consideration, but others include the choice of country and the hiring of local staff who can help in the establishment of the international office. You may choose to use staff you already employ and request they relocate, but that will require finding accommodation and relocation costs.
If you have already significant foreign investment in the country you are thinking of expanding to, you have a ready market and the potential to increase your import/ export market in both countries. It is probable you have already formed partnerships with some of the people who will be your customers. With stocks probably invested in the country and strong foreign relations organized through business interests already forged, expansion potential is worth considering.
If you don’t have any connections in a particular company but you want to expand your business, contacting your trades envoy or international government trades department may provide you with a contact in another country who may be able to assist you to plan an expansion. An international business lawyer may also be useful to employ to look after all the paper work associated with the expansion.
Seek the assistance and advice of your national international trades department. They can provide you with all information about the country you are intending to expand to and any details that may need to be considered about the specific country and its regulations and applicable laws on foreign investment. There are training companies that can provide business cultural awareness training for staff who are going to relocate if you choose to expand using your own staff.