Why you should have a company in the UK

2 years ago   •   .6 min read

.By Laine Redpath
.Table of contents

The UK is one of the most attractive countries for international businesses of any size. It’s a stable and safe place to live and work, with excellent transport links, an extensive high-speed broadband network and plenty of skilled workers. The British business environment is also transparent and supports free trade agreements internationally - it’s easy for new companies to set up here. If you want to start your business in Britain but aren't sure where yet, here are 10 reasons why we think London should be top of your list:

1. The world’s third most attractive country for international businesses

The UK is the third most attractive country in the world for international businesses, according to a report from Forbes.

The UK is one of the top three destinations for foreign direct investment (FDI), with $9.1 billion being invested between 2016 and 2017. This places it behind only China and France.

The UK was also ranked as one of the most popular countries for multinationals to invest in, coming in fourth place behind China, India, and Germany.

And finally, over 6 million students come to study in universities located within Britain each year – making it one of the most popular countries on earth!

2. One of the most attractive countries for investors

It's a great place to do business.

The UK is among the most attractive countries for investors. It has a stable economy and a flexible tax system, which means that businesses are more likely to succeed there than in many other countries.

3. The least corrupt country in the world

The UK is widely recognized as one of the most transparent countries in the world. It has a strong legal system and is ranked as one of the least corrupt countries on earth. If you want to do business with integrity and transparency, it's natural to want your company registered in such an environment.

4. The sixth biggest global economy

As the sixth biggest economy in the world and the fifth highest GDP per capita, the UK is a great place to do business. It has a strong financial sector and is one of only 5 countries with an automotive industry worth over $1 billion.

5.The UK is home to many prestigious universities

You might be surprised to learn that the UK has more universities in the top 100 than any other country. In fact, it’s number one on that list! In addition to having more universities in the top 500, and even more universities overall than any other country (over 1,000), the UK is home to some of the most prestigious institutions in Europe including Oxford University and Cambridge University.

So if you want your company to have a presence at an elite university or on an elite campus, then look no further than Great Britain!

6. The UK has a leading reputation in science and technology

The UK is a world leader in science and technology. It has a strong reputation in research and development, education and training, innovation, trade shows, conferences and meetings to help you sell your product or service.

7. The UK is at the forefront of digital innovation

As a leader in digital innovation, the UK is one of the most connected countries in the world. According to Ofcom’s broadband report for 2018, around 90% of households subscribe to some form of internet connection. And with high-speed broadband now available almost anywhere, you can expect reliable connectivity wherever your business is based.

The British tech industry has played a key role in creating this supercharged digital ecosystem by establishing an early lead on other nations when it comes to developing technologies such as artificial intelligence (AI), virtual reality (VR) and 3D printing – all of which are rapidly changing how businesses operate today.

With so many tech companies headquartered across London and other major cities like Manchester and Edinburgh; plus well-established venture capital firms supporting young startups; it’s no surprise that Britain was ranked sixth globally for entrepreneurial activity by OECD data from 2014–18!

8. A diverse and multicultural population

If you are looking to expand your business in another country, the UK is a great destination. It has one of the most diverse and multicultural populations in Europe. The United Kingdom is known as a melting pot of different cultures and traditions due to its rich history of immigration. There are over 1 million people from other countries living in London alone!

9. Competitive business costs and a skilled workforce

You have a choice of where to start your business. You could choose any one of the world's major cities and still have access to an established workforce, but you will have to pay higher wages and taxes. London has many great advantages that make it a prime location for business owners: The cost of living is lower than other major cities, so you can save more money. The UK has one of the best-educated workforces in Europe, which makes it easier to find skilled employees. There are relatively low unemployment rates (less than 5%) in most regions across England and Wales; this means that there are plenty of people looking for jobs close by! If your company is based in Britain then you'll be paying less tax than if it was based somewhere else -- which means more profit left over at the end of each month!

10. A transparent and stable tax system

The UK has a stable and transparent tax system. You don't have to worry about your taxes being raised without warning, which can happen in other countries. Business owners in the UK don't pay high tax rates on their profits. There's also no payroll tax or capital gains tax. Only 15% of small businesses have to file quarterly VAT returns, so you won't spend much time dealing with these sorts of things either. Low-tax rates for small businesses may also mean that you'll be able to deduct more from your taxable income than if you were operating out of another country. For example, if you're running a car repair shop there are special rules that allow cars purchased by one person but used by another (like employees) to qualify as being "investment goods" rather than business equipment—this means lower taxes!

All you need to know about taxes for small businesses
Have questions about the taxes you need to pay for your small business? Detailed information on small business taxes is on the wamo blog.

The UK is one of the best places in the world to start your business

The UK is one of the best places in the world to start your business. The UK has a strong economy and it's an attractive location for businesses, which means that there are many opportunities for growth. The UK also has a great education system and it offers excellent access to grants and funding from both private companies and government bodies like Innovate UK.

The main reason why the UK is such as good place for business is because of our proximity to Europe. This allows you to trade freely with other countries without any problems - something that can't be said about most other countries around the world!

The UK is one of the best places in the world to start your business and has plenty of advantages over competing countries. With its diverse workforce, skilled workforce, advanced infrastructure and strong economy, it’s no wonder so many international companies choose this as their home base!

Liked this guide? Keep exploring more ways to grow your business with wamo’s regular guides here!


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