Insights
Insights 20.5.22

Doing business in the UK: CBW has a team of experts who smoothly guide overseas companies

Insights 20.05.2022

The UK continues to be one of the most attractive places for global businesses to locate to in the world.

With one of the most robust and trusted legal systems in the world, for hundreds of years businesses and assets have been far better protected in the UK than in many other jurisdictions; the UK’s legal system is designed to be fair and transparent. The UK has the fifth-largest national economy in the world measured by nominal gross domestic product (GDP). ​

Financing

Many businesses come to the UK as, simply put, it is easier to raise money here.  

We have firm and flexible regulations which enable the active involvement of hedge funds, private equity, banks and private individuals to invest in businesses through equity, loans and other financial instruments.  This gives businesses the air that they require to breathe and grow, in turn giving investors the return that they need.  Do refer to our ‘Doing business in the UK – A tax perspective’ and ‘Employing staff for the first time in the UK’ which ensure that the tax treatment of all businesses and, crucially, people, is fair and equal. The UK finance system supports the sustained and continuous economic growth of the UK and ensures it is one of the best places to do business in the world.  

Brexit 

On 1 January 2021, the UK left the EU, whilst there is no argument that this has been a significant change to the UK’s relationship with the EU, the UK is seen by many as an attractive place to do business and to live, and here is why: 

  • Relaxation of EU regulations allowing UK businesses to trade more freely with other markets outside the EU  
  • Businesses outside the EU may have previously been reluctant to locate to the UK, given the control of the EU, pre-Brexit
  • Such companies may be more tempted now that the UK is no longer in the EU and businesses are much more in control of their own destiny

You can view our dedicated guides below for all the areas that need to be considered from a tax, audit and accounting and employer perspective for businesses wishing to set up in the UK:

Doing business in the UK – Audit and accountancy

Doing business in the UK – A tax perspective

Employing staff for the first time in the UK

What next?

If you’re looking to set up in the UK, please contact Dan Howarth for help with audit and accountancy, Tom Adcock for your tax needs, or Nicola Bell for any concerns you may have about employing staff in the UK for the first time.