Business Owners 101: How to Save Money When Moving Your Company over International Borders

Moving your company overseas has its benefits. Not only can you lower your tax obligations, you can also lower your operational costs while you do business globally. Once you are settled at an international location, you can start raising your revenues and lowering expenses, but the move itself can be a costly one especially if you are moving a large company. You also want to keep in mind that your expenses may differ depending on what country you are moving your business to. In other words, moving your business to a country like France might be more or less expensive than China. With that said, here are some valuable tips so that you can keep the costs of your international move as low as possible:

Sell Assets You Don’t Need

The cost of international shipping is based on the volume of your containers and its weight. Fragile items may also differ in price depending on the level of care that is needed for them during shipment. It can become very expensive very quickly. With that in mind, one of the best way to keep costs down is to unload assets and business property that you can buy for a reasonable price locally where you are moving. There will be items that you’ll need to keep, but as you are taking an inventory of your belongings, check the pricing of furnishings and electronic equipment to see if selling these assets and buying or renting new belongings is a more cost-effective decision. You can sell belongings all at once to liquidators, or advertise your sales on classifieds platforms. In other words, try to sell any and all items that you will no longer need or can do without for a time. This well help you get some of the money back on money lost during the big move.

Hire a Mover for Efficiency and Cost Savings

A domestic move is stressful so you can just imagine how difficult an international move can be. You must deal with packing, shipping, customs, and getting your belongings from the US to the country of origin. Hiring a mover can save you both time and money. By hiring experts like those at Jia Jia Intl Moving Inc. will help you avoid costly packing mistakes and keep the belongings that you take with you safe.

Work With an International Property Management Team

One of your biggest expenses when you operate a business from a physical location is rent or mortgage expenses. If you are planning to rent initially, you should contact a reputable property management team specializing in the region you are moving to discuss your needs and your budget. Property managers have access to several listings and know the lay of the land so that they can match you to offices in a good area that are still affordable and practical.

Rent Furnishings until you are Established

If you need specific equipment and furnishings to be efficient, consider doing business with a local rental agency. By paying a rental fee, you can keep your shipping costs down and still be able to operate from the moment your staff is settled in. Rental fees are low, and many agencies offer the option to buy.

International moves have their advantages, but you must be prepared for all that they entail. Make sure to use experts in international moves as your valuable resources and sell any and all items that you can part with at least for a period of time and that you can buy for a reasonable price later. Once the move is over you will be able to get your business up and rolling again and most importantly, making money.

 

Tags: Moving Your Company, Save Money When Moving

Category: Business