Generalizes on the best strategy to enter the market, e.g., visiting the country; importance of relationships to finding a good partner; use of agents.
The ideal market entry strategy is to find the right partner. The Commercial Service in Ukraine offers a variety of matchmaking services for this purpose.
Do your due diligence. The Commercial Service can help you with an International Company Profile (ICP), which provides a thorough assessment of a prospective company, including information such as its financial standing, as well as references from creditors and customers.
Start small, build a relationship, and test the market.
Don’t forget the Foreign Corrupt Practices Act (FCPA). It is a useful tool for you and your partner, providing a solid basis for building a transparent, aboveboard relationship.
As your business grows so will your business relationship.
Remember the Commercial Service is in Ukraine to support U.S. business interests abroad – so take advantage of our counseling services.
Commercial Service can explain the processes of company registration, product certification, and licensing - whatever it takes to facilitate your market entry, including identifying financing sources if needed.
Getting up and running, the Commercial Service Team in Ukraine has significant experience helping U.S. companies and their local partners with problems from clearing Customs, to promoting business to prospective clients. Our Single Company Promotion service provides valuable support and visibility for your company.
Stay in touch with the Commercial Service if you suspect or have identified potential problems. We can guide your company and direct you to helpful resources.