DISCLAIMER: This post was last modified on 22 October 2024. Some information in this article may not be updated.

Many companies seek global expansion to benefit from favourable local market conditions or growth opportunities to boost revenue or reduce costs. Whether they are selling products or providing services, manufacturing, exporting or importing, these businesses begin operating in another country to capitalise on these advantages.  

In addition to increased market opportunities, setting up an international business​ can offer more significant opportunities to companies and organisations. Some key benefits include brand recognition, access to talent and resources, diversification and learning to adapt to different cultural, regulatory and economic environments. 

In this blog, we will explore the challenges of global expansion and the corresponding solutions. 

What to consider when expanding a business internationally

Despite the advantages that global expansion offers, it’s important to note that it also comes with challenges and risks. If you plan to start a business overseas, you must consider that the international expansion strategy must align with the industry, company size, target market and objectives.  

Entering a foreign market can be rewarding if you have solid plans and strategies to support your company. For a successful global expansion, you must consider various factors, including market potential, costs, regulatory compliance and requirements, cultural differences, sourcing and investment and control.  

Global expansion: challenges and solutions

As businesses seek to grow their operations abroad, they encounter several challenges that might determine their success. The table below presents the challenges to expect and the solutions that a corporate service provider like Bolder Group can offer.  

Bolder as your global expansion partner

Although global expansion offers many advantages to businesses, there are also drawbacks. Without proper planning, companies might struggle to understand their target market, comply with regulatory requirements and incur high entity setup costs.  

The most effective way to navigate these challenges is to work with a qualified global expansion partner. As a business support and market entry service provider with 18 locations across the globe, we can provide you with customised and professional assistance for your business’s entrance into a foreign market globally. Through our global corporate solutions, we can help companies set up in multiple jurisdictions at fixed, transparent fees.  

For more information on how we can assist you in starting your business overseas, contact our Bolder representatives: 

Jeroen van Zanten (Bolder Group’s Global Head of Growth, Marketing & Communication) 
Tim van Santen (Bolder Group’s Commercial Director for Europe)  

Bolder Group does not provide financial, tax or legal advice and the information contained herein is meant for general information purposes only. We strongly recommend that before acting on any of the information contained herein, readers should consult with their professional advisers. The Bolder Group accepts no liability for any errors or omissions in the information, or the consequences resulting from any action taken by a reader based on the information provided herein.

Bolder Group refers to the global network of independent subsidiaries of Bolder Group Holding BV. Bolder Group Holding BV provides no client services. Such services are provided solely by the independent companies within the Bolder Group which are each legally distinct and separate entities and have no authority (actual, apparent, implied or otherwise) to obligate or bind Bolder Group Holding BV in any manner whatsoever. The operations of the Bolder Group are conducted independently and have no affiliation with third party financial, tax or legal advisory firms or corporations.