Being an expat has a lot of advantages, from teaching you about new cultures to letting you see the world. However, many expats feel frustrated at the lack of career progression and may wonder how they can take the next step while overseas. That’s why many of them start their own businesses, and if you decide to go this route, there is help available to get you on the right track.
Help with establishing your business
Every country has its own rules and regulations around starting a business, so it’s important to look for people who can help with company formation in Malaysia and getting your business started legally. Obviously, you want to get things started on the right foot, so make sure you are using a legit company who understand how to register and form a business.
Local groups can be a help
There are a number of ways you can establish yourself as an expat entrepreneur:
- Local networking groups – these groups are often full of expats, especially in areas with lots of foreign investors, and are often a wealth of information
- Social media groups – if there aren’t local groups, take to social media where you can connect with wider circles
- Chamber of Commerce – in some countries, towns have a Chamber of Commerce or similar where you can find out about business opportunities
- Industry specific groups in your region
Don’t be shy about joining these groups as an expat. Not only are you likely to see other expats there, you can learn more about business customs and etiquette, so they can be an interesting learning experience.
Find out if you can get support from your home country
If you are still a citizen of your home country, but perhaps work as a digital nomad or are only overseas temporarily, then it may still be possible to sign up for schemes to help small businesses. There are often grants and loans available, just make sure you read the small print to make sure you are eligible and know what the terms are. Some expats have a business that is technically based in their home country, yet they work remotely overseas, which may be an option that works for you.
Get professional advice
If you aren’t sure what help is available, the best thing to do is get professional help. There are firms who specialise exclusively in helping expats launch businesses in their country, and this can be helpful when it comes to getting things off the ground.
Expats who want to get their business started have a surprising amount of help available for them. From local networks, full of people who can help you launch your business, to professionals who specialise in business formations, you don’t have to feel alone just because you are in a strange land. If you’re a wannabe entrepreneur, then make sure you know what your options are and how you can get support. This will help give you the best possible chance of success in the long term.