Post by Trade facilitator on Jan 21, 2013 0:20:27 GMT 1
In a world of continuing economic uncertainty, firms that trade internationally are reporting significantly better revenues and profits than those businesses sticking to their domestic market.
50% of global firms which export say they've increased profits over the last 12 months compared with just 38% of companies which only trade domestically.
But a variety of worries are stopping even more businesses from operating abroad. Complicated foreign tax systems, property costs and paperwork, the speed of set up, political instability and natural disasters such as flooding or earthquakes are real concerns preventing firms taking that big, and lucrative, step overseas.
Those are the main findings of the second Global Survey report on export from global workplace provider Regus which canvassed opinion from more than 20,000 senior business managers in over 90 countries around the world.
"Our survey really does show the benefit of overseas expansion," says Osama Eskander, Area Director, Gulf, of Regus.
"But it's clear there are some big challenges facing companies who want to move abroad. Once that initial enthusiasm has worn off, companies find they're bogged down with paperwork or red tape or have real difficulty establishing a physical presence in a foreign country. Business centres such as those run by Regus located in the country can be an answer as they provide flexible workspace, local business expertise and affordable administrative services, giving companies a local presence without the financial risk that has traditionally been associated with expansion abroad," he adds
Key Findings and Statistics:
• Globally, over the last 12 months, 50% of companies trading internationally said profits had grown compared with just 38% of firms concentrating domestically.
• In the Middle East, more than three-quarters (76%) of firms says paperwork and property costs are the biggest obstacles to setting up a presence abroad:
- The speed of set up (41%) and operational staff recruitment (40%) follow.
- Managing local taxation and regulation is also a significant issue for many firms (36%).
- Risk management - including political risk and the possibilities of natural disaster such as earthquakes, typhoons or flooding - also concerns almost a third of respondents (31%).
Source: www.ameinfo.com/exporting-businesses-remain-profitable-reveals-regus-326398
50% of global firms which export say they've increased profits over the last 12 months compared with just 38% of companies which only trade domestically.
But a variety of worries are stopping even more businesses from operating abroad. Complicated foreign tax systems, property costs and paperwork, the speed of set up, political instability and natural disasters such as flooding or earthquakes are real concerns preventing firms taking that big, and lucrative, step overseas.
Those are the main findings of the second Global Survey report on export from global workplace provider Regus which canvassed opinion from more than 20,000 senior business managers in over 90 countries around the world.
"Our survey really does show the benefit of overseas expansion," says Osama Eskander, Area Director, Gulf, of Regus.
"But it's clear there are some big challenges facing companies who want to move abroad. Once that initial enthusiasm has worn off, companies find they're bogged down with paperwork or red tape or have real difficulty establishing a physical presence in a foreign country. Business centres such as those run by Regus located in the country can be an answer as they provide flexible workspace, local business expertise and affordable administrative services, giving companies a local presence without the financial risk that has traditionally been associated with expansion abroad," he adds
Key Findings and Statistics:
• Globally, over the last 12 months, 50% of companies trading internationally said profits had grown compared with just 38% of firms concentrating domestically.
• In the Middle East, more than three-quarters (76%) of firms says paperwork and property costs are the biggest obstacles to setting up a presence abroad:
- The speed of set up (41%) and operational staff recruitment (40%) follow.
- Managing local taxation and regulation is also a significant issue for many firms (36%).
- Risk management - including political risk and the possibilities of natural disaster such as earthquakes, typhoons or flooding - also concerns almost a third of respondents (31%).
Source: www.ameinfo.com/exporting-businesses-remain-profitable-reveals-regus-326398
