Having Business in Foreigner Country, Advantages and Disadvantages


27 August 2021


Business in Foreigner Country

Foreign ownership of businesses is nothing new. According to a publication from the UK Office of National Statistics, foreigners owned 1.1% of the total merchandise in 2018. Profit is the goal of every entrepreneur, and sometimes, this drive takes them beyond the borders of their native country.

Thankfully, most governments recognize how important foreign investors are to the economy. As a result, many nations adopt friendly laws to accommodate foreigners who want to do business.

But owning a business abroad doesn’t come all rosy. There are ways it is advantageous to you and setbacks associated with it also. For this reason, we’ll be examining a couple of them so that you can know what to expect.



There are several benefits you can derive from owning a business abroad. They are:

1. New Opportunities

You may have that business idea, but you know your native environment cannot support its establishment. Crossing the borders of your country to find a place suitable for your enterprise can be your best option. Some nations have all it takes to let your business hit the ground running. The presence of infrastructure and available markets can be a big boost for you.

You can check the World Bank rankings of countries’ best for business and see how their strengths and weaknesses affect your startup.

2. Reduced Competition

There is a possibility that many people are already in the same niche of business you hope to start. Making headway will require something special from you, whereas somewhere outside your domain is awaiting you.

There are several nations where your business can enjoy a favorable market. Hence, this lessens the time your startup needs for stability.

3. Business sustainability

Have you ever heard the saying ‘do not put all your eggs in one basket?’ Owning a business abroad is a preservation strategy for a business line. For example, the pandemic saw several entrepreneurs lose their businesses. Meanwhile, the effect has been more severe on some nations than others. For a couple of countries, they were able to bounce back in good time. As a result, the surviving outlets can keep the business’ hope alive and prevent extinction.

4. Foreign Exchange

Another edge owning a business abroad gives you is access to foreign exchange. Should the location of your enterprise have a higher currency value than your native land, it is a big plus. A higher conversion rate means you have more in hand, which is invaluable should your other branches need a boost. You only have to follow the legal framework of cash transfer when you need to move funds around.

5. Reinforces Customer’s Confidence

There is some sort of confidence customers would have in your business knowing that it has an arm abroad. Subtly, it shows that you’ve been successful in running it. Hence, people trust your brand with the assumption that you have a strong base.



As earlier stated, owning a business abroad does not come without some hitches. Here are a few of them.

1. Foreign Policies

As administrations change, so do policies change. Owning a business abroad brings with it the anxiety of ‘what next?’ every administration changes. Terms of operation and other benefits you enjoy can change in a moment. Remaining compliant with the demands of the foreign country on aliens on their soil is not even an option. That isn’t something you need to bother about in your home country.

2. Language Barrier

If the overseas country does not speak a similar language to you, it could be challenging to get along. In cases where they have one language in common to yours, their local language will still differ. It becomes imperative to start a language course or make use of an interpreter. But who does that nowadays?

3. Immigration Problems

Owning a business overseas does not give you the right to stay there indefinitely or become a citizen. For various reasons, business owners may not gain entry into the country their business is situated. At the peak of the Covid-19 pandemic, limited movements were the norm causing norm. As a result, several people became disconnected from places they plied their trade.

Besides, unresolved immigration issues can disqualify you from extending your stay. You can always consult the Immigration Advice Service Middlesbrough to straighten these issues.

4. Managing Employees

Finding workers may not be the problem, but keeping a tab on their activities regarding your business may not be as easy. It becomes even more difficult if you can’t be there in person to monitor the enterprise.

Your best tactic in this scenario is hiring through a trusted human resource company(which follows remarkable hiring strategies), that can hold your employees accountable.

Final Thoughts

There is no endeavor without its challenges and so goes for owning a business abroad. Knowing how to navigate through these problems guarantees you the privileges that come with it.

Being resolute for success and ensuring compliance to the host countries’ demands are what you need to stay up. After all, roses are beautiful, but they also come with thorns.

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I enjoy writing and I write quality guest posts on topics of my interest and passion. I have been doing this since my college days. My special interests are in health, fitness, food and following the latest trends in these areas. I am an editor at Content Rally.

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Oil Change Franchise

4 Considerations Before Investing in an Oil Change Franchise Under 100k

With such a wide array of goods and services on the market nowadays, it’s no wonder that several types of franchises have emerged in various industries. The competitive market is already saturated with restaurants and coffee shops. If you want to invest in this type of business, think about going for an oil change franchise. Here are some factors to consider before investing a substantial amount in an oil change franchise: 1. Study the Ownership Model: Most oil change franchisors give their franchisees the freedom to develop their branches the way they want it to grow. However, it’s still best for you to determine whether the ownership model stipulated by the terms and conditions of the business will be useful for your goals and work style. When buying a franchise, you’re required to support the brand’s rules and processes from accounting to hiring and marketing. Be familiar with the regulations implemented by the leading company and consult with online resources such as franchiseknowhow.com to learn more about how franchising works. 2. Know the Franchise Costs: You won’t just be buying legal rights to use the brand name and logo for your oil change business. The franchisor may also expect you to purchase equipment from them. Fortunately, you can assess if you can pay off the business’ costs since the law has mandated corporations to present a Uniform Franchise Offering Circular (UFOC). This document provides an outline of the fees that come with the franchise. It also includes your rights and restrictions. This way, you can gauge if the franchisor’s prices are reasonable and realistic. Other costs you must consider include: Initial Payments – This franchise fee serves as a down payment to secure your spot as a franchisee. The average initial franchise cost ranges from $20,000 to $35,000 for most franchises. Royalties – Also known as ongoing franchise fees, franchisors require royalties to be paid monthly or annually. The amount depends on your agreement with the company. Typically, it can be a percentage of your gross revenue or a fixed amount such as $1000 per month. Marketing Fees – Because you’ll be part of a bigger organization, you may need to finance a common advertising or marketing fund. This money will be used for promotional efforts usually at a national level. Required Purchases of Goods – The franchisor may restrict you from buying oil from other suppliers. Check if their pricing is competitive and if you can actually get a profit if you push through with the franchise. Real Estate – If you’ll be renting a place for your franchise, include the cost in your calculations because you may need to pay for deposits before you can start your business. Legal Files – This includes the cost of insurance, licenses, permits, and other legal documents. 3. Determine How to Fund Your Franchise: One of the significant advantages of an oil investment is that it has a high return on investment. However, before you think about your profits, you need to consider how to fund your franchise first. It’s vital that you know the best sources of financial support that will help your business grow. These are a few financial options for you to start an oil change franchise: Franchisor – The main company can help you through debt financing. Franchisors often offer financing for some parts of the business instead of you shouldering the entire cost. Small Business Administration (SBA) – This agency can help you with your bank loan to jumpstart your business. Their loan programs guarantee longer repayment periods to bolster your franchise’s growth. Banks – These lenders work with the SBA to provide financial aid to small businesses. You can also use a home-equity line of credit or a second mortgage on your house, but it’s not encouraged because you risk losing your property if you can’t repay your debt. Family and Friends – The people you trust, and who believe in you, are valuable sources of funds. You can negotiate the repayment period and interest rates with them. Be sure to pay them back according to the terms you both agreed on. 4. Talk with Your Target Market: The people in your city or town probably already have a place where they have their oil changed. Don’t be discouraged, though. You can talk to prospective customers about their experience with the oil change stations in your area. Take note of their complaints on a particular shop and use those to improve your service. Conclusion: Investing in a franchise can provide you with an established brand that will be easier to market than a startup. You will also get enough support from other franchises and gain insights from them on how to facilitate the growth of your business. Consider the factors above and assess whether an oil change franchise is best suited for your goals. Read Also: What To Expect When You Become A Forex Trader 7 Growth Hacking Ideas That Will Boost Your Startup

Corporate Hierarchy

How to Work your way from the Bottom to the top Corporate Hierarchy

For many young people joining the corporate world, it is a daunting place to be. Growing up you were probably a big fish in a small pond, and in many ways, it was a pond that saw you rise to the top based on age more than anything else. A senior at high school or a post-grad at university are the top of the food chain, but when you enter the real world of corporates and career ladders, advancement is suddenly dependent on a whole lot more factors. And if you are coming in at the bottom of the pyramid do you really have the fight for the mail room to board room type rags-to-riches story. If you do, here are some tips to help you make the upwards move. How to Work your way from the Bottom to the top of the Corporate Hierarchy: Keep learning: Don’t think for a minute that you can leave school or university and stop learning. If that is your attitude, then you will never go anywhere. Whatever qualifications you have, you can always get more. If, for example, you have a basic engineering qualification then build on it. Enroll part-time to do your certificate 4 in engineering or look to complete a diploma that plays to your strength or fill a place where you have a knowledge gap. And when it comes to learning don’t think narrowly, think broadly. You might be an engineer but that doesn’t mean you cannot do a course or degree in law or finance or flower arranging for that matter. Work hard: Always aim to get to work before your boss and, wherever possible, try to leave once he or she has gone. And don’t just fill time at the office doing nothing, always be productive. Look for work. If all your assigned tasks are done find something else to do. Ask colleagues if you can help. Tidy your work space. Hustle for sales leads. Whatever it is, be productive and work hard. It will get noticed. Be patient: It is great to be driven by ambition and the desire to make it to the top but recognizes that it is a marathon and not a sprint. If you tackle it like a sprint you will cut corners and do things that you regret in later years. You want to make it to the top by being honorable and doing it the right way. With the marathon perspective, it is easier to adopt the hungry but steady philosophy. People will respect that. Get involved: Nobody likes a loner so work hard to be a team player and to get involved in all areas of the company. Be part of the pub quiz team, play on the netball team, attend events, participate in group discussions. If you are interested and engaged, you will be noticed and appreciated. It is a far cry from sucking up to management, you don’t need to do that, it is simply an opportunity to build relationships at all levels and to showcase your skills, talents, and personality. Read Also: How To Stand Out In The Competitive Corporate World Important Things To Know Before Starting A Home Improvement Project


Using Project Management to Maximize the Holiday Season at Work

Holidays are a stressful time for all of us. You are pushed and pulled to the limits to get everything done before the festivities can begin. This constant stress can push you to the limits at work, especially as you try to juggle multiple tasks before the year comes to a close. Project management is the ideal way to gain control over your work responsibilities. The ability to manage your projects judicially will help you prioritize and complete what needs to be done before the holidays start. No matter what the task is at hand, you can use project management skills to advance the progress at work while reaping the rewards of your time off during the holiday season. Define the Scope of Every Project You Are Handed: For starters, you need to look at the full scope of every project that comes your way now as well as into the future. This means that you have to decide if you have the time or the resources to complete what the project will require. It can be tempting to jump in head first without fully understanding what you are getting yourself into. You need to stop and think before you start and determine if the project is really possible. Saying no to projects that will cause you more headaches than necessary is all right. Don’t beat yourself up over it as you have looked at the full scope of the project at this point and decided that the parameters are beyond your control. Go Digital with Your Business Operations: One of the easiest ways to make your projects go off without a hitch during the holiday season is to adopt a digital system. Papers are messy. They get lost and are no way to operate in this day and age. Take the time to evaluate a platform that will do it all for you. There is a myriad of apps available today that can delegate and prioritize everything that needs to be done each day. These automatic systems will give you the time you need to focus on more pressing tasks and help you to maximize your day without forgetting an important detail or nuance. Utilize Your Team and All of Their Skills: Now that you have a digital system in place and you have defined exactly what needs to be done for an upcoming project, you need to get your team onboard. Assess where each member of your department can help you the most. Utilize their skills to your advantage to get the project done before the holidays hit. You need everyone’s help at this point in the year, and most employees will be grateful to lend the helping hand. Taking on all the responsibilities of the office is not a wise way to manage your time. Get the help you need and do not be afraid to delegate. You too want some time off this holiday season. Create a Plan That Works and Fits Your Timeline: With everyone at the ready to help you with your projects, you need to develop a strong plan that will fit the timeframe you have left for the year. Think about every step of the project and the amount of time it will take to complete it. Can it be done in the time you have available? If you answered with a resounding “yes” you are ready to move forward and commence the project. If you are unsure that it can be done, don’t take the risk. You will only disappoint others and end up with an unsatisfied client. Be upfront about how long a project will take and establish a friendlier timeline that will work for everyone involved in the project. Access the Risk and Execute: By now you are gung-ho on getting your project going, but you need to heed a little caution to make sure that you have thought about all the risks that could potentially occur. You may wind up over budget or exceed the time capacity you have outlined. Think about these considerations before you execute the project, so you are prepared to handle anything that comes your way. With a little bit of patience and some forethought, you can avoid pitfalls that many projects succumb to over the holidays. Knowing in advance what can go wrong will help you ready for any issues that could crop up. When you are sure, you have thought of everything move forward with the project execution. Close Out Your Project Before the End of the Year: Now’s the time to get moving on your project. Time is of the essence, but you have utilized your project management skills to make the most of the time available before the holiday season gets here. Do not stall or procrastinate on your projects as this will only cause you to worry as you try to relax and have some fun over the holiday season. Using these tips can help you close out those pressing projects before the festivities start. You will be able to leave the office behind and find that the project management skills you have put in place now will help you in the coming year. You can make a difference in how you complete your projects and reduce the stress that befalls many during the holidays. So, get moving on your projects now and get ready to enjoy the holidays without work hanging over your head. Read Also: Tips On Project Statement Writing Proper Management Of Tech Debt Is Necessary For Successful Business