Starting a business is no easy feat, especially if you’re thinking of starting one overseas.
We are specialized to establish companies in US and in Europe.
We have done the challenging road of launching a company in US or in Europe, we can do it for you !
Interesting to know :
- Total US investment in the EU is three times higher than in all of Asia.
- EU investment in the US is around eight times the amount of EU investment in India and China together.
- The EU-US economic relationship accounts for more than 30 percent of global trade in goods and 40 percent of global trade in services.
When negotiations are completed, this EU-US agreement would be the biggest bilateral trade deal ever negotiated.
The European Union and the United States have the largest bilateral trade relationship and enjoy the most integrated economic relationship in the world.
Before you decide to leave the U.S. or European borders, here are a few tips to starting your business abroad.
1. Localize your idea, vision and expectations.
Diving into the local culture is essential for any entrepreneur. Find a local mentor or investor who can help guide you to understand the culture and the local consumer. This is the key when you decide to launch a company in an other continent and helps contribute to meet the right partners, launch your company at the right location, and know who to deal with.
We have already a reliable and trustful network able to connect your new company directly to the local business, the place to be.
2. Learn the difference.
If you’re thinking for example about starting a new business in Europe, arguably the most important consideration is the location. With over 50 countries to choose from, deciding where to base your business can often be both complicated and confusing. Each European country has its own set of VAT rates, sales taxes, registration procedures, languages and minimum capital required in order to open your company.
In US with 50 states and federal regulations it seems not easier, even there is only one language (spanish is considered as the second language) in fact it is not easier at all ! Each state has its own regulation, sales tax per county, income tax, etc.
Scope International Distribution is founded with both difference. Our network is a mix of both culture with decades of experiences on both continent.
3. Live like the locals
Be genuinely interested in the country and its culture.
It’s not always necessary to be an expert in the specific industry you’re looking to enter, but you should remember that bringing in local help will add to start-up costs. Partnering with Scope International Distribution, who already has experience and contacts can definitely increase your likelihood of success.
The market, customer base, customer preferences and behavior aren’t native to you, it’s important to take in as much as possible.
4. Study the competition
Before entering a new market, every entrepreneur knows to research the competition.
Doing your own, you will have to spend a significant amount of time analyzing local spending habits, as well as how much time, energy, and capital will be dedicated to marketing your products or services.
Before investing very much capital, we are able to provide all information necessary to succeed your project. You will save time, money and hassle.
5. Build a new network
Your old network becomes less actionable when you move abroad, so you’ll need to build a new local one.
As successful entrepreneurs in both continent, Scope has created a network of selected experts to offer to our client to secure the investment and make it profitable.
Scope team is able to make your project from the idea until the first sale.