Whether it be selling through Amazon or manufacturing overseas, more and more entrepreneurial businesses are establishing overseas connections and exploiting the opportunities that exist when doing business internationally.
Inspire Professional Services, recognise this and are members of an International network of professional advisors who they can call on, so clients make sure they are complying with local laws and just as importantly in some areas, local customs.
Inspire’s Associate Director, Chris Downing is travelling to China to attend the International Referral annual conference, to meet personally with the group. “We feel it is important to actually go and meet members of the network to ensure that we are happy trusting them with our clients. We are not just sending our clients a name from a contact list.”
Consequently this is helping Inspire to continue to build their expertise working internationally, having already helped a number of their clients expand overseas. Recently, Inspire worked alongside their client TDSi to develop a proper trading structure and business model in the Far East, which has significantly assisted in their growth and expansion.
TDSi's Managing Director, John Davies, elaborated, “Inspire's expertise has helped us establish a holding company in Hong Kong and a wholly foreign enterprise in China, as well as assisting us with transfer pricing between the UK and Hong Kong. The assistance in general has been invaluable in helping us to set up business in Hong Kong and mainland China - which has become one of our most important export markets. We have carved out a perfect niche in the region, supplying popular high-quality UK-produced security systems, which is seeing us actually export products to China and building a commanding market share.”
Other client projects have included establishing manufacturing facilities in Eastern Europe and a Joint Venture in North America.
John Davies, Managing Director at TDSi and Chris Downing, Associate Director at Inspire