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Ease of doing business in the UK
According to the World Bank, the UK is one of the best-rated countries in the world for its business-friendly environment. Many business opportunities exist in different fields, from manufacturing to IT services. Also, the barriers to starting a new business are low compared to other developed countries in both the East and the West.
By choosing to work with our company, you will be able to adapt more quickly to the new environment and be sure that your company meets all the requirements related to the UK legal framework.
A simple and flexible tax system
One of the most challenging factors in business development is navigating the tax system’s twists and turns. The tax system in the UK is relatively simple compared to other overseas markets. The corporate tax rate is currently 19%.
One of the benefits of this system is that the UK has double taxation agreements with other countries. Foreign shareholders will not have to pay income tax in the UK. As elsewhere, Value Added Tax (VAT) is still charged on most goods and services supplied (currently 20%). This can bring benefits to companies operating in the region.
Recruitment of skilled workers in the UK
The abundance of skilled workers is another good reason to move your operations to the UK. The UK currently employs over 30 million people. It is the only country in Europe where labour supply is expected to increase over the next few years.
The UK also has a flexible labour market with employee protection provisions, crucial to maintaining the supply of skilled workers. Any employer should consider this as a benefit for the development of their business because by following the appropriate rules and regulations established in advance, the company’s activities will improve the daily life of its team members.
It should also not be forgotten that UK labour costs are among the most competitive in Western Europe due to lower employer social security contributions. Statistically, overall labour costs are lower than in countries such as France, Ireland, the Netherlands, or Germany.
Our company offers to work with you directly to ensure that your company can adequately hire the necessary employees and pay the obligatory taxes for them.
Business Infrastructure in the UK
Developed infrastructure is important for business growth in all countries. In the UK it is constantly being developed and improved in areas such as telecommunications, transport, energy, waste management and elsewhere.
The UK’s well-known focus on sustainable change provides a strong foundation for successful business operations after leaving the EU.
Clear and understandable rules
After leaving the EU, the UK can set its own tax, finance, and law rules, tailoring them to suit its needs. Trade agreements with each EU country can be different, so an agreement with Sweden may differ from an agreement with, for example, Germany. This could increase competition, which could provide a great opportunity for development.
Benefits of increased flexibility
Leaving the EU will allow the UK to react quickly to global events and market changes. This could bring significant benefits to businesses operating in the UK in the long run and is an excellent reason to consider relocating your business to the region despite the Brexit worries everyone is concerned about.
Starting a business in the UK is relatively easy, for example, whether you are trading online (and in this case, it does not matter whether you live in another country or the UK) or operating in the construction sector. To start a business in the UK, you must apply to Companies House and register your company. After that, the registration of a corporate taxpayer at the Corporation Tax office is provided, then the employer registration at the Employers Registration and, if necessary, registration as a VAT payer at the VAT registration office (if the planned turnover exceeds £85,000 per year). You will also need to take care of all the licenses and permits required for your business.
Therefore, we invite you to contact Aldus Ltd. We will be happy to answer all your questions and introduce you to the possibilities of assistance in starting a business in the UK.
