Towards Newer Shores

Starting a business venture abroad would bring along many advantages, especially for SMEs.

- Ajay Sharma

As an entrepreneur, establishing a new business abroad can be an exciting as well as challenging opportunity. There are many SME entrepreneurs who dream of migrating to developed countries (and at times to not-so-developed ones), but only a few of them can actually make it happen. There is much evidence available that investing abroad is a significant factor for an entrepreneur to be successful, in the long run. In fact, it is often considered a necessity due to its remarkable outcomes, both on the professional and personal fronts. Here are some of the advantages of starting a business venture abroad, as a migrant: Leveraging untapped markets  By migrating abroad, small to medium-sized corporations can reap the benefits of expanding their businesses in overseas markets. With the availability of new opportunities, they may offer more appealing services and products that are not present in those markets and hence create a new customer base. What is more, that country’s government may also provide certain incentives for the business establishment, as it will boost their economy and generate employment.

Ease of doing business