The key role of CPAs in the internationalization planning

If you have been considering to go international with your company or to invest in real estate you are definitely embracing a great business growth opportunity. A thorough and serious evaluation is necessary, though.

Investing in other countries can bring great satisfactions, but you need to have the right information and support. Improvisation is not an option.

SMEs are the backbone of the economy, their know-how and expertise base is utterly high-quality, but they often lack the necessary organizational skills to cross national borders.

A consultant who can provide guidance and support, especially with the legal framework, becomes a key figure.

The role of a CPA in an internationalization project is, then, of great importance and is crucial for the project to become successful: from the feasibility study to pre-startup checks to the business plan and operations.

The choice of the firm has to follow specific criteria which will help have a better insight of how performing its role will be during the internationalization process.

• MARKET AWARENESS: hiring a firm with branches located in the country of interest or which partners with an international network of professionals is crucial. Besides ensuring a high level of competency about the fiscal framework and managing accounting and finance in two different languages, it also prevents from having any cultural gap-related issue.

• EXPERTISE: the chosen firm must be able to offer specific and customized solutions, created on the needs of each single client. The entitled CPA is in charge of creating strategies aimed at analyzing all the costs and suggesting all the necessary technology and procedures that would maximize the outcome and allow the client to best adapt to the new markets he/she wishes to address.

• COLLABORATION: mutual trust is key in the relationship between a firm and its clients. It is the only factor for a performing and effective work between the two. It is the consulting firm’s job to always find solutions in the client’s interest to help achieve all of the set goals.
  A professional firm long-term goal is to establish a lasting collaboration with every single client and to be of support for his/her business.

• COMMUNICATION: a clear, simple and honest communication allows both parts to be in complete accordance. The client states what his/her business goals are. The CPA explains the methods and the process schedule to achieve them. Good communication helps dispel the doubts and avoid any possible misunderstanding.

Given the importance of a CPA role, it is essential to pay close attention to select the right one: the support she/he will be able to provide will make all the difference for a successful or unsuccessful internationalization process.

Our firm is at your total disposal for any further information you may require.