Doing Business Abroad
The Internet can offer a wealth of information that might be useful if you want to do business in a foreign country. The first step to tackle is definitely capturing the widest possible range of information about the country in which you want to work.
Who wants to take up economic activities overseas must be aware of many aspects of the country where the act or which operators will have to do and it will be not only economic but also political, social, legal, cultural, religious and linguistic. To give some examples, we consider the slowness of the bureaucratic decision-making of a centralized country, and thus the need for traders to prepare, even financially, a long and expensive process. Similarly, political instability in a country subject to coups, will not be fertile ground for any deal. Also know the local religion is important: it can help to avoid, in the promotion of its product, words, gestures, symbols that offend the sensibilities of some religious group.
Among the most comprehensive sites that give information of this kind, to do the lion’s share is the Institute for Foreign Trade (ICE), a public body of support for exports, which offers support, training, promotion, access to Community programs and personalized services to Italian companies active in foreign markets.
In it you can see, after free registration, or pay per download in PDF format at a cost of 8 euro, a series of 60 guides to 60 countries around the world, can provide information and guidance of the market opportunities for the ” Made in Italy “, to describe in detail the framework of a country and the country risk, local tax and customs legislation, funding opportunities, etc.. Under the same conditions it is possible to access help for investments, including all the information regarding the possibility of Italian investments in other countries.
The ICE also puts you up to date on business opportunities abroad. The database, which you can access by registering for free, collect business opportunities daily reports from the Network ICE offices and diplomatic missions. You can search by country, region, product categories and keywords. The data base also contains data on investments, foreign trade, etc.., A Guide for its statistical consultation and analysis of country risk with cards that look at the probability of risk of an import- exports in different countries (the details of all information is viewable, but only for a fee). The Ministry of Industry offers the possibility to access a database for the analysis of the obstacles set by various countries to penetrate their markets to EU goods (viewable only in English).
Country Profiles synthetic are also supplied by Unioncamere, but focus primarily on the characteristics of political, economic and monetary policies in European countries and beyond. Informest service provides access to the Business Guide, but only by subscription: it is possible to see the guides for investment in Eastern countries. But if you love paper, Editorial Products offers a presentation of practical guides for the international business and country profiles. All sold on paper (but including electronic) for about 50 euro per publication.
Another great piece of information is then supplied from the sun 24 hours, with no more focused guides to offer advice on the country best suited to your type of business, but to address the issues with which you run into when they undertake concrete activities . There will certainly be useful as well: the interchange guide with information on shipping and international shipping, tariffs and customs operations, the guide on tax relations with foreign countries, with about VAT on exports and imports, circular, and measures to to export, the Guidance on means of support, namely the public and private financing and the means of development cooperation in Italy and abroad, and the Statement in support of the business; Help on loans with a list of foreign banks . When you decide to do business abroad, remember that there are many chambers of commerce have established a center abroad, through which, making use of external consultants, provide assistance to exporting companies, fiscal, contractual, financial and so on.