What requirements does a company need to become international?

23 Sep What requirements does a company need to become international?

You cannot think about crossing national borders to reach benefits and profits without first considering the present state of your company. You have to be certain that you have the following requisites:

• economic and financial stability
• high-quality products suitable for target markets
• competitive prices
• reliable information systems
• resources (time, money and staff) to invest

Finally, among the factors that should not be underestimated in a company’s internationalisation process, there is the presence of partners and reliable foreign counterparties: this will allow a company to drastically reduce any risks related to payments, transport of goods and investments. If a reliable foreign party is missing, the usual advice is not to proceed, even if all the other requisites are there.