While certain countries may look attractive, local legislation, labour and the funding market may turn out to be issues that can impact the creation or future growth of your company.
People ask me questions about witch countries are known for their bureaucracy or witch encourage overseas investment and make it relatively easy to open a new company? Where is the majority of our potential customer base?
DIY or Extensive local expertise?
Thorough research and consultation with specialists with extensive local expertise gives a more fact based foundation and a higher chance of sustainable success.
Your research should include how you intend to staff your workforce and which countries have skilled labour pools and the required talent to help drive your business forward.
Employment law will also vary with the Ukraine having more flexible rules when compared to those of France and Germany. Additional costs that are often overlooked include the number of holiday days per country and the typical working hours, all of which make a contribution to your overall labour costs.