You can trade in the UK from UAE, don't let anyone tell you otherwise!
Start by getting a UK address.
When you’re starting out in the UK, it’s important to have a UK address. That way, you can easily get a bank account, open an online trading platform and make payments.
There are two options when it comes to getting a UK address:
- Virtual office – This is a great option for those who want to operate from home or from their own office space. Most virtual offices come with mail forwarding services that will forward any mail you receive from your business activities in the UK directly to your home or office address
- Physical office – If you prefer the feel of having actual employees working for you and meeting clients in person, then renting a physical office is probably best for your needs.
Laine Redpath
Choose a bank.
The first thing you need to do is choose a bank that is used by your target market. There are plenty of banks in the UAE, but not all of them offer services to expats. The ones that do will have branches and ATMs in Dubai and Abu Dhabi, which are where most foreigners live. If you don't live in either city, it might be worth looking at one of those banks anyway—many have web and mobile banking services that allow customers to access their accounts remotely no matter where they are located.
To help you decide which one is right for you, here's our list of top UK banks operating in UAE:
- HSBC - One of the oldest British financial institutions still running today as well as one with an international presence spanning over 150 countries worldwide including more than 5 million active customer accounts worldwide making it one of the largest players within this industry globally especially when it comes down to consumer banking products offered through its subsidiaries such as First Direct who offer online savings accounts through their online platform along with other valuable benefits such as low interest rates plus no annual fees charged!
- Standard Chartered - Established back in 1853 under its original name Oriental Bank Corporation Limited before changing names again years later following several mergers during early 20th century period until finally settling down into today's Standard Chartered Bank Group based out from London City serving millions across 190 countries worldwide including locations like Hong Kong SAR China Paris France New York United States India Singapore South Africa Thailand Japan Taiwan
Do the groundwork.
To trade in the UK from UAE, you will need to do some groundwork. This is because:
- You need to find out what your competitors are doing.
- Identify your target market, as well as their needs and wants.
- Find out how much it will cost to produce your product or service and how much you can charge for it.
Laine RedpathRegister your business.
You need to register your business with Companies House, which will be your official legal identity in the UK. You'll also need to register for VAT and corporation tax if you're going to be trading there. If you're hiring staff, you have to register for PAYE as well.
Get a local phone number and register on a directory.
Having a local phone number is important for many reasons. Firstly, it’s essential to register on a directory, which you can do via an email or fax. You also need to ensure that you have a local address and bank account. The latter means that the bank needs proof of residence. A utility bill or rental agreement would be sufficient.
Additionally, if you have any businesses currently running in the UK, it’s best to use an accountant who has experience with trading online from abroad as they will be able to advise you on how best to set up your new business and make sure everything runs smoothly with HMRC (His Majesty's Revenue & Customs)
Register for taxes and VAT.
VAT (Value Added Tax) is a sales tax that's taken at each stage of production and distribution. It’s usually added to the final price of goods and services. The EU has a single VAT rate for all member countries—20%. If you buy goods from the UK, you don't need to pay any more taxes on them than if they were bought in the UAE. However, if you sell goods or services in England, Scotland or Wales (which are all part of Great Britain), then it's important that you register for VAT as soon as possible.
Registering for VAT means filing an application with HMRC (His Majesty's Revenue & Customs), which will assign your business an official number and issue a tax code that must be included on every invoice issued by your company. You'll also have to account for any output tax collected from clients as well as input tax paid on purchases made by your business—this is called balancing your books at year-end.
Plan your marketing and social media strategy.
When you’re planning your marketing and social media strategy, it’s important to start out by asking yourself the following questions:
- How much money do I want to spend? (We recommend at least £20)
- How quickly should my campaign be launched?
- What is my main goal with this campaign? (For example, if your main goal is traffic then you may want to focus on SEO and PPC.)
You can trade in the UK from UAE, don't let anyone tell you otherwise!
You can trade in the UK from UAE! There are many ways to do it and we will cover them all here. The first step is deciding which method you want to use, so let's take a look at each one individually:
- Getting a UK address
- Opening a bank account in the UK (or any other country)
- Registering your company with The Companies House - this is called "incorporation" or "formation". Once you have done all three of these things, then you can start trading online with confidence that your business will be registered and legitimate.
Easiest way! wamo!
If you're looking to start trading in the UK from UAE, then meet with wamo. You can register just in 10 minutes and open your company in the UK just in 2 days. No paperwork, no hassle. For more information, check wamo website. You can register easily with wamo application. Download the wamo app from Google Play or App Store.
