Hello Jon,

Great question. Companies need to consider a lot of different factors when picking a location for their business in another country. If they do not consider the different factors, they could be looking at failure.

This article lists four top factors that companies must consider. This includes the following:

  • The people: People are one of the most important factors to a business. Businesses need the right people to execute tasks and can lead the company to success.
  • True costs: There are many costs to consider and this includes indirect costs such as taxation, local labor laws, and local workforce.
  • Innovation: The country needs to provide human capital, institutions, infrastructure, etc to help the business succeed.
  • Government regulations: There are different laws to consider and businesses need to make sure they are legally protected in all aspects.