Entrepreneur

The ABCs of Starting a Business Overseas

Starting a business overseas may seem daunting, but the rewards can be great. Here's what you need to know to find success as an entrepreneurial expat.
Back in Bahrain: Ashley Hunter of HM Risk Group. Source: Leanne Mueller

After leaving her overseas insurance underwriting job in 2007, Ashley Hunter decided to return to the U.S. and hang her own shingle. There was just one problem: She wasn’t landing the types of large accounts she handled during the years she worked for large insurance companies such as AIG.  

Her former boss and mentor encouraged her to return to the Middle East, where she’d already built a reputation in the industry. So she moved to Bahrain and started her commercial insurance brokerage, HM Risk Group. The bet paid off: In 2014 her five-person company wrote several million dollars in annual insurance premiums for startups, as well as Fortune 500s and other large companies, in the Middle East, U.S., U.K. and Australia.

That’s not to say that launching a company abroad was easy. Despite Hunter’s familiarity with the local business landscape, there were international laws and tax regulations to decipher, corporate customs to adopt and countless hours

You're reading a preview, sign up to read more.

More from Entrepreneur

Entrepreneur3 min read
Having Trouble Selling Your Product? Rethink Your Sales Force
When police-uniform brand Her BlueWear struggled to sell its products to cops, it built a sales team its customers would trust.
Entrepreneur2 min read
How Mailchimp's Headquarters Fuels Creativity
Mailchimp wants its employees to think creatively -- and the company will do just about anything to get its staffers’ minds to open. The online marketing company hosts weekly innovation labs, design studios, and brainstorming sessions. Once a month,
Entrepreneur9 min read
There's a Skilled Trade Labor Shortage. Can We Fix It?
Back in Vinnie Sposari’s day, plumbing was considered a good, honest living. Before shop classes started disappearing from high schools and four-year college was championed as the only respectable career path, Sposari could put a classified ad in Sun