UK Investment in subsidiary

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Could anyone please help me with ideas on the 2 scenario below?
1.
I have a small business in UK and have found an opportunity outside Europe. I need to exercise during diligence before I commit myself. Could you please advise me what steps I need to take before I proceed investing outside the country?

2.
My current business has so far got all the consultancy fees and travel fees outside the country to assess the business environment.

How do I treat these expenses in my current uk business?
 

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