Introduction The modern globalised world offers multiple opportunities for international companies to expand and enter new markets. Giant corporations benefit from these conditions and increase their revenues by broadening their target audiences and working in new regions. However, along with multiple benefits associated with functioning in the overseas market, there are also significant risks associated with uncertainty and a high probability of failure. Under these conditions, the correct choice of the entry mode acquires the top priority for multinational corporations (MNCs) as the guarantee of the successful growth and operating in the selected region. Background Multination corporations are nowadays the main facilitators of global trade as they impact international discourse and exchange between countries. This type of business organisation can be determined as a company that has facilities and assets in at least one country other than its country of origin (Barney and Hesterly, 2014). Usually, such formations have offices, departments, and plants in multiple regions and cause a positive effect on economies of states where they operate. In such a way, MNCs are associated with the emergence of opportunities for business and the generation of giant revenue by cooperating with numerous partners from different countries. Another advantage of MNC is the ability to select the region which at the moment is considered a beneficial and strategically important area that might help to acquire a serious competitive advantage (David, David and David, 2016). However, the nature of such companies also serves as the source of uncertainty and risks related to new conditions, legislation, and the environment. It means that the choice of entry mode becomes a complex task. Risks MNCs expanding internationally and entering foreign markets face a set of risks related to the peculiarities of countries and regions where it plans to operate. The character of these risks depends on the current situation in the state and should be considered by a company during the expansion stage. In general, the choice of the entry mode is affected by six major types of possible risks, which include:   * The incorrect vision of the market’s economic potential   * fluctuations in the currency exchange rate   * political issues   * infrastructure   * culture   * state of the economy (Dess, 2018) The given factors shape the strategy of an MNC and its entry mode as they introduce a certain level of uncertainty that should be taken into account to plan future actions and employ appropriate strategies to minimize the negative impact of risk factors and guarantee those positive outcomes will be generated. Uncertainty Uncertainty is another contextual factor that affects the decision-making and strategies of MNCs during their expansion phases. It can be defined as the lack of knowledge related to the probabilities of future actions affecting the speed of MNCs’ expiation, their internalization paths, entry mode choices, and results (Dess, 2018). The inability to minimize the negative impact of uncertainty or eliminate it decreases the effectiveness of a new entry and deteriorates expected outcomes. For this reason, the current strategies aimed