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July 7, 2025
July 7, 2025

Beyond Borders: Establishing Indian Businesses Abroad

Author By Prashant Ajmera Categories Branch Office, Business Expansion, Business Visa, Canada Business Immigration, Company Incorporation, Company REgistration, Foreign Office, Global Investing How & why?, RBI on FEMA , LRS and ODI

Beyond Borders: Establishing Indian Businesses Abroad – #1

Expanding a business globally is more than just ambition—it requires a strategic approach backed by thorough research. For Indian entrepreneurs, entering international markets involves navigating diverse cultures, legal frameworks, consumer behaviors, and economic conditions.

This journey begins with research, the cornerstone of global expansion. It helps businesses understand market demands, identify competitors, and evaluate risks and opportunities. By investing in research, Indian entrepreneurs equip themselves with the tools to adapt, innovate, and thrive in the global arena.

Why Research is Critical for Global Expansion

Research enables informed decision-making, minimizes costly errors, and ensures compliance with local regulations. In a world driven by knowledge, it is an essential investment for success. Whether exporting, establishing a branch office, or setting up a wholly-owned subsidiary, Indian businesses can benefit from a wide array of tools, websites, and government portals tailored to their needs.

Government Portals for Market Insights

  1. Ministry of Commerce and Industry: https://www.commerce.gov.in 
  2. Export Promotion Council of India (EPCH): https://www.commerce.gov.in/useful-links/export-promotion-councils/ 
    • Facilitates and promotes exports of Indian products. 
    • Provides market insights, trade fairs, and buyer-seller meets. 
  3. Directorate General of Foreign Trade (DGFT): https://www.dgft.gov.in 
    • Offers trade statistics, export-import policies, and regulations. 
    • Access to FTP schemes like MEIS and SEIS for export incentives. 
  4. India Trade Portal: https://www.indiantradeportal.in 
    • Comprehensive database of market access information, tariffs, and trade barriers. 
  5. Make in India: https://www.makeinindia.com 
    • Provides insights into investment opportunities and export promotion policies. 
  6. Invest India: https://www.investindia.gov.in 
    • Offers consultancy for businesses seeking international expansion. 
    • Provides information on FDI policies, overseas opportunities, and global trade shows. 
  7. FIEO (Federation of Indian Export Organizations): https://www.fieo.org 
    • Guidance on export documentation and procedures. 
    • Access to global tenders and business opportunities. 
  8. RBI Foreign Investment Reporting: https://fir.rbi.org.in 
    • Mandatory portal for overseas direct investment (ODI) compliance. 
  9. Startup India: https://www.startupindia.gov.in 
    • Resources and support for startups looking to expand globally. 

Market Research Tools and Websites

  1. Trade Map: https://www.trademap.org 
    • Analyzes international trade flows and identifies export opportunities. 
    • Country-specific data on imports, exports, and tariffs. 
  2. World Bank Doing Business Report: https://www.doingbusiness.org 
    • Provides ease-of-doing-business rankings and insights into regulations in different countries. 
  3. ITC Market Access Map: https://www.macmap.org 
    • Offers tariff rates, trade agreements, and non-tariff measures by country. 
  4. WTO Tariff Database: https://www.wto.org 
    • Access global tariff schedules and trade agreements affecting Indian exports. 
  5. Exim Bank of India: https://www.eximbankindia.in 
    • Provides financing options, research, and market reports for Indian exporters. 
  6. Euromonitor International: https://www.euromonitor.com 
    • Offers in-depth industry and market research reports. 
  7. Statista: https://www.statista.com 
    • Global statistics on industries, markets, and consumer behaviors. 

Trade Associations and Chambers of Commerce

  1. Confederation of Indian Industry (CII): https://www.cii.in 
    • Organizes trade delegations and events to connect Indian businesses with global markets. 
  2. Indo-Global Chambers of Commerce: https://www.indoglobalchamber.org 
    • Provides networking opportunities and market insights for Indian businesses expanding abroad. 
  3. GlobalLinker: https://www.globallinker.com 
    • A platform for SMEs to connect with international business partners. 

Global Directories and Databases

  1. Alibaba: https://www.alibaba.com 
    • Useful for sourcing materials and identifying potential buyers in foreign markets. 
  2. LinkedIn Sales Navigator: https://www.linkedin.com/sales 
    • Helps in identifying decision-makers and potential business partners in target markets. 
  3. Global Trade Directory: https://www.globaltradedirectory.com 
    • A directory of service providers in foreign markets for exporters and businesses. 

Logistics and Supply Chain Tools

  1. ICEGATE (Indian Customs Electronic Gateway): https://www.icegate.gov.in 
    • Information on customs regulations, tariffs, and export-import documentation. 
  2. UNCTAD e-Regulations: https://eregulations.org 
    • Details on procedures for trade and investment in various countries. 
  3. Freightos: https://www.freightos.com 
    • A platform to compare shipping rates and streamline logistics. 

Cultural and Regulatory Insights

  1. Hofstede Insights: https://www.hofstede-insights.com 
    • Understand cultural dimensions for building international relationships. 
  2. Global Edge: https://globaledge.msu.edu 
    • Offers guides on market entry, regulations, and business practices in different countries. 

Practical Steps Using These Tools

  1. Start with India Trade Portal and Trade Map for market research. 
  2. Analyze tariff structures using ITC Market Access Map and WTO Tariff Database. 
  3. Check ease-of-doing-business rankings through the World Bank Doing Business Report. 
  4. Identify potential partners using LinkedIn Sales Navigator or Alibaba. 
  5. Understand local regulations with the help of UNCTAD e-Regulations and Invest India. 

These resources collectively provide a robust foundation for Indian businesses to research foreign markets and navigate the complexities of global expansion effectively. By leveraging these tools and strategies, you can take your business beyond borders and into the global arena.

June 23, 2025
June 23, 2025

World Bank Report – B-Ready 2024 – Global Business Report

Author By Prashant Ajmera Categories Branch Office, Business Expansion, Business Visa, Company Incorporation, Company REgistration, Foreign Office, Subsidary

WORD BANK REPORT:

B-READY 2024: A Comprehensive Framework for Assessing Global Business Readiness: B-READY 2024 isn’t just a report—it’s a blueprint for change.*

 

The World Bank’s Business Ready (B-READY) 2024 report introduces a revolutionary framework to evaluate and benchmark the business and investment climate across 50 economies. Replacing the former Doing Business rankings, B-READY aims to provide a transparent, comprehensive, and holistic analysis of factors influencing private sector development.

🔍 Key Features of the B-READY Report

1. Analytical Framework

The B-READY report is structured around three fundamental pillars:

  • Regulatory Framework: Evaluates the clarity, fairness, and sustainability of rules governing businesses throughout their lifecycle.
  • Public Services: Assesses government-provided infrastructure and services that support regulatory compliance, focusing on digitalization, interoperability, and transparency.
  • Operational Efficiency: Measures time and cost efficiency in processes like business registration and dispute resolution.

2. Ten Core Topics

The report examines ten critical topics aligned with various stages of a business lifecycle:

  • Business Entry
  • Business Location
  • Utility Services
  • Labor
  • Financial Services
  • International Trade
  • Taxation
  • Dispute Resolution
  • Market Competition
  • Business Insolvency

3. Cross-Cutting Themes

B-READY introduces three themes crucial for modern economies:

  • Digital Adoption: Evaluates the integration of digital technologies in business processes.
  • Environmental Sustainability: Assesses regulations supporting sustainable practices, such as green building standards.
  • Gender Inclusion: Measures support for women entrepreneurs and gender-sensitive policies.

4. Data Collection and Methodology

The report’s methodology includes firm-level surveys and expert questionnaires, ensuring a robust and comprehensive evaluation of each economy’s business environment.

🌍 Global Insights

The inaugural B-READY report reveals critical insights into global business readiness:

  • Public Services Gap: While two-thirds of economies have robust regulatory frameworks, only half provide effective public services, with low-income countries experiencing disproportionately larger gaps.
  • Success Stories: Economies like Rwanda excel in operational efficiency and public services, proving that even low-income countries can foster favorable business environments through strategic reforms.

Conclusion

The B-READY 2024 report sets a new standard for assessing the global business climate. By highlighting strengths, gaps, and areas for improvement, it offers a roadmap for governments and businesses to create environments conducive to sustainable growth and development.

*India will be included in the next phase of the report. 

The author of this article is Mr. Prashant Ajmera, an Indian immigration lawyer and Canadian citizen. He is the founder of Ajmera Law Group and the author of two books, “Millionaires On The Book” and “How to Plan for Your Child’s Foreign Education.” Over the past 30 years, he has assisted and advised over 30,000 students and families on planning their foreign education and settlement. He regularly speaks at various forums on this subject.

Ajmera Law Group: Mo: +91 9974253030 | info@ajmeralaw.com | www.ajmeralaw.com

June 16, 2025
June 16, 2025

Beyond Borders: How Indian Entrepreneurs Can Expand Abroad?

Author By Prashant Ajmera Categories Branch Office, Business Expansion, Business Visa, Company Incorporation, Company REgistration, Consult Immigration Lawyer, Foreign Office, Global Investing How & why?, Office Abroad, Subsidary, Wholly Owned Subsidary

Beyond Borders: How Indian Entrepreneurs Can Expand Abroad?

 

In an increasingly globalized economy, Indian entrepreneurs are exploring international markets to scale their businesses and tap into new opportunities. Setting up a branch office or a wholly-owned subsidiary abroad is a pivotal step in this journey. However, the process requires careful planning, legal compliance, and strategic decision-making.

This article outlines a comprehensive roadmap for Indian businesses aiming to establish a foothold in foreign markets, covering key aspects like market research, compliance, financial planning, and operational strategies.

1. Understanding Global Opportunities

The first step to international expansion is identifying the right market for your business. This involves evaluating economic, legal, and cultural factors that may impact your operations. Conduct detailed market research to assess demand, competition, and potential challenges in the target region.

2. Choosing the Right Structure

One critical decision is whether to set up a branch office or a wholly-owned subsidiary.

  • A branch office serves as an extension of the parent company, allowing for direct representation in a foreign market. 
  • A wholly-owned subsidiary operates as a separate legal entity, offering more control and flexibility but requiring additional compliance and setup costs.

Understanding the legal and corporate structures in your chosen country is essential for making this decision.

3. Navigating Compliance and Regulations

Every country has unique laws governing foreign investment and business operations. Entrepreneurs need to:

  • Familiarize themselves with licensing requirements, permits, and registrations.
  • Protect intellectual property rights to safeguard innovations and trademarks.
  • Understand online filing systems and regulatory timelines for smooth compliance.

Working with local experts or legal advisors can simplify this process.

4. Financial Management and Tax Implications

Expanding abroad involves significant financial planning. Considerations include:

  • Funding Options: Self-funding, foreign investment, or loans.
  • Banking: Opening local accounts for smooth transactions.
  • Taxation: Understanding double taxation agreements, if any, and structuring finances to optimize tax liabilities.

Currency exchange regulations and transfer pricing are other critical aspects to manage during this phase.

5. Operational Strategies for Success

Once the groundwork is in place, focus on operational strategies to ensure seamless integration into the new market:

  • Hiring Local Talent: Decide between recruiting local employees or relocating Indian staff.
  • Setting Up Infrastructure: Establish office spaces, logistics networks, and technology systems.
  • Localized Marketing: Adapt your marketing strategies to resonate with the cultural and consumer preferences of the target market.

6. Mitigating Risks and Overcoming Challenges

International expansion comes with its share of risks. Common challenges include cultural differences, political instability, and compliance complexities. Entrepreneurs should:

  • Conduct a risk assessment for political, economic, and operational factors.
  • Develop contingency plans to address potential disruptions.
  • Engage local consultants to navigate cultural nuances effectively.

7. Learning from Case Studies

Several Indian companies have successfully expanded abroad, offering valuable lessons for aspiring entrepreneurs. Case studies highlight both best practices and common pitfalls, emphasizing the importance of thorough planning and execution.

8. Crafting a Roadmap for Execution

A clear plan is crucial for successful expansion. Outline your objectives, define key milestones, and create a detailed timeline for implementation. A well-thought-out checklist can ensure all critical steps, from compliance to operations, are addressed systematically.

9. Empowering the Next Generation of Entrepreneurs

Global expansion is more than just a business decision—it’s a transformative journey that positions your enterprise for sustained growth. By equipping yourself with the right knowledge and resources, you can navigate the complexities of international markets with confidence.

Expanding your business abroad is not just about increasing revenue; it’s about building a legacy of innovation and adaptability. Embrace the challenge, and let your entrepreneurial vision transcend borders.

The author of this article is Mr. Prashant Ajmera, an Indian immigration lawyer and Canadian citizen. He is the founder of Ajmera Law Group and the author of two books, “Millionaires On The Book” and “How to Plan for Your Child’s Foreign Education.” Over the past 30 years, he has assisted and advised over 30,000 students and families on planning their foreign education and settlement. He regularly speaks at various forums on this subject.

Ajmera Law Group: Mo: +91 9974253030 | info@ajmeralaw.com | www.ajmeralaw.com

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