UK Market Entry Strategy

How to set up Business in the United Kingdom?

The UK continues to be one of the most attractive locations for organizations who are looking to expand their horizons internationally due to its strong and welcoming business environment to foreign investors. Relatively low corporate tax rates and flexible employment laws make UK a highly competitive market for business. To establish a business in the United Kingdom one has to first register as a sole trader, limited company or partnership. The on-line portal allows one to register at ease or even make changes if required through a single form. To register an individuals requires the company name, business address, director information, shareholders and documentations:

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  Memorandum of associations, that includes information on the initial shareholders is provide.

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  Articles of associations, binding the board on how the business should run.

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  A certificate of incorporation is required and registration for Pay as you Earn is required as well.

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  Any amendments to the article are filed through a Form IN01 that includes all the amendments in the article.

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It is not a compulsion to have a UK registered bank account but is very helpful. To encourage setting up businesses, the government offers 130% tax deductions and 100% capital allowances for small and medium sized companies focused on research and development. The regulatory and business environment supports good business, flexible labor market, encourage creativity, innovation, and entrepreneurial spirit, for which they offer special visas. However, starting a business in the United Kingdom could be a complex affair especially if you are from outside of the European Union.

Here are a few tips on planning, legal issues, hiring, immigration, and taxes & an overview of the UK market that would help you to build a expansion strategy for your business.

Top 3 Sectors for Investment in UK

Being an island nation, UK depends highly on imports for various goods and particularly maritime trades are high. UK along with being a global financial hub is also becoming an international digital powerhouse, it witnessed a total investment of close to GBP 7.17 billion in technology. Here are some main sectors that have been identified as potential sectors for foreign companies expanding a business in UK

DOWNLOAD THE UNITED KINGDOM MARKET ENTRY REPORT FOR FREE

United Kingdom has a population of 66.87 million and accounts for 0.87 percent of the world and a known location for leading businesses. UK leading position is due to highly attractive conditions for business and investments they offer through limited restrictions, ease of partnering with a local firm and incentives that encourage setting up businesses. Here is a detailed guide that provides an overview of the United Kingdom and offers advice on different aspects of expanding the business to UK including different types of company structures, tax, administration, and whether you need a visa.

Visa and Immigration

The UK visa application process depends a lot on the type of visa that you are applying for. Especially if your type of visa belongs to one of the Points-Based System category. Though most of the requirements are the same for each category, the way they are evaluated in the system differs. There are also additional requirements that vary from one to another category.

UK Innovator Visa/ Start-up Visa: – This visa is designed for genuine entrepreneurs willing and capable to build innovative businesses that are endorsed by a registered body in UK. The applicant is required to have a genuine and original business plan and experience of operating one. The plan should reflect evidence of domestic and international growth and job creations I year to follow.

 

 

UK Biometrics Residence Permit - The biometrics are valid for the duration of ones stay or up to ten years. The permit can be applied from within UK or from outside and can take up to 12 weeks to be processed. The documents required for the same are:
1. A valid passport
2. Evidence that ones eligible to apply
3. Two passport sized photographs

 

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