202208 Aug

What are Advantages and Disadvantages of Relocating a Company?


This is especially true considering that different countries vary in terms of factors like infrastructure, advancement in technology, economic strength, natural resources, and the availability of labor, just to name a few things. Besides the appetite for seeking new markets and expansion opportunities, many companies set up shop overseas to reduce the cost of doing business. Some move to countries where labor is cheaper or the economy is more forgiving, whereas others do so to get closer to raw materials or supplies so they can streamline their processes. It may also involve working with a national marketing firm to help you expand your customer base in the country you intend to operate in. Some of these might include: You might lower the cost of doing business through tax incentives, lesser compliance requirements, access to funding, and strong currency.

Source: Bizmanualz