SMEs are considered as important factor for economic development of countries. Resources’ shortage, intense competition and globalization encourage SMEs to internationalize. The Human capital plays significant role in the internationalization process of SMEs. The aim of this paper is to address the following question – what elements of the human capital affect the internationalization process of SMEs. The paper is based on analysis and synthesis of the recent studies examining the interrelationship between human capital and internationalization of SMEs. This study showed that the main success factors of internationalization related to human capital are associated with qualities and experience of entrepreneur.