doing business in the uk
Doing business in the UK:
. General considerations
. Reglations
. Employment in the UK
General considerations
What makes the UK through centuries, decades and years the world’s most leading investment destinations for internationally dynamic business?
1. The easiest place to set up and run a business in Europe:
Surveys suggest that the UK is the easiest place in all of Europe for setting up and running a business. According to a recent study by the World Bank, it takes approximately 13 days to set up a new business in UK, while it takes more than twice the same amount of time in the rest of Europe.
2. Low tax rate environment for foreign investors:
The tax environment in the UK is more competitive than that in most other countries in Europe and Asia. To encourage the setting up of business, UK has reduced its corporate tax rates by over 50% since the early 1980's. The applicable rate of interest today is one of the lowest rates among the industrialized nations. According to a report published by Deloitte, the top corporate rate in the UK is the lowest among all the G7 countries and their personal tax band is the lowest in the European Union.
3. One of the most flexible labour markets in Europe:
One of the reasons why entrepreneurs like to set up a business in the UK is the flexible labor market. In fact, UK is rated as one of the best places in Europe to employ workers and to work as an employee.
4. Least barriers to entrepreneurship in the world:
After Australia, UK ranks as the best in Product Market Regulation and leads the rest of the world in encouraging entrepreneurship. It also has few impediments in the way of trade and investment when compared to the rest of the industrialized world. Many barriers like excessive paperwork and increasing government regulation has been cut down to make it easier for SMEs.
5. World leader in innovation:
After USA, UK is considered to be a leader in encouraging and enhancing research and innovation.
. General considerations
. Reglations
. Employment in the UK
General considerations
What makes the UK through centuries, decades and years the world’s most leading investment destinations for internationally dynamic business?
1. The easiest place to set up and run a business in Europe:
Surveys suggest that the UK is the easiest place in all of Europe for setting up and running a business. According to a recent study by the World Bank, it takes approximately 13 days to set up a new business in UK, while it takes more than twice the same amount of time in the rest of Europe.
2. Low tax rate environment for foreign investors:
The tax environment in the UK is more competitive than that in most other countries in Europe and Asia. To encourage the setting up of business, UK has reduced its corporate tax rates by over 50% since the early 1980's. The applicable rate of interest today is one of the lowest rates among the industrialized nations. According to a report published by Deloitte, the top corporate rate in the UK is the lowest among all the G7 countries and their personal tax band is the lowest in the European Union.
3. One of the most flexible labour markets in Europe:
One of the reasons why entrepreneurs like to set up a business in the UK is the flexible labor market. In fact, UK is rated as one of the best places in Europe to employ workers and to work as an employee.
4. Least barriers to entrepreneurship in the world:
After Australia, UK ranks as the best in Product Market Regulation and leads the rest of the world in encouraging entrepreneurship. It also has few impediments in the way of trade and investment when compared to the rest of the industrialized world. Many barriers like excessive paperwork and increasing government regulation has been cut down to make it easier for SMEs.
5. World leader in innovation:
After USA, UK is considered to be a leader in encouraging and enhancing research and innovation.