How to take your business overseas
Expanding internationally is one of the most important growth opportunities for UK businesses today. With the right strategy and support, overseas expansion can unlock new markets, diversify revenue streams, and position your company for long-term success in an increasingly globalised economy.
1. Leverage new UK trade agreements to unlock global markets
Recent trade deals are creating unprecedented opportunities for British businesses in fast-growing economies. The UK’s formal accession to the CPTPP on 15 December 2024 is a landmark moment, making Britain the first European country to join this major Asia-Pacific trade bloc. This agreement provides preferential access to economies worth £12 trillion, with over 99% of UK goods exports to CPTPP countries set to become tariff-free. The CPTPP spans from Malaysia to Chile, covering 500 million people and offering British exporters significant advantages in the automotive, food and beverage, and financial services sectors. These new agreements are already revealing their value, with government data showing strong export performance across key markets and reduced barriers allowing for easier market entry for UK businesses of all sizes.
2. Understand legal structure and compliance in target markets
Going through overseas legal requirements demands careful consideration of the optimal business structure for each market. Whether establishing a subsidiary, forming a joint venture, or pursuing franchise opportunities, each approach carries distinct regulatory and compliance implications. Engaging an international law firm early can help you choose the optimal business structure abroad and guarantee compliance with local regulations, export licensing requirements, and industry-specific standards. Understanding these legal frameworks before market entry prevents costly mistakes and ensures that your expansion strategy aligns with local commercial practices and regulatory expectations.
3. Use government resources and trade support programmes
UK government-backed schemes provide support for overseas expansion. UK Export Finance data reveals that £14.5 billion in loans, insurance, and guarantees provided in 2024-25 supported up to 70,000 UK jobs and contributed £5.4 billion to UK GDP. These programmes help businesses research markets, access funding, and manage international risks through export finance, the UK Export Academy, and expanded trade strategy initiatives. Recent surveys show that 72% of businesses are aware of at least one UK government trade support service, with GOV.UK services like ‘check how to export goods’ being the most recognised resource for practical guidance.
4. Capitalise on improving UK–China diplomatic and trade engagement
Improving diplomatic ties with China offers opportunities for UK exporters, particularly in luxury goods, FMCG, and education services. Renewed trade commission activity and British firms’ expanded presence in Chinese markets show growing commercial engagement despite global economic uncertainties.
The key to successful overseas expansion is in combining strategic planning with expert guidance and government support, making sure that your business is well-positioned to capitalise on international opportunities whilst managing associated risks effectively.