Setting up in the UK from Europe
Where do you do business?
The UK is a very attractive place to do business, especially for European companies. Setting up is fast and affordable, and the tax system is forgiving when your business is in its early years. And with the UK being a world leader in innovation and the global tech industry, it’s a great location for your European start-up.
So what do you need to know if you’re a European business looking to start up in the UK?
What are the advantages for European businesses in the UK?
London offers a wealth of advantages for international business wanting to set up in the UK:
- it has a diverse workforce
- an excellent transport system
- a business-friendly environment
- flexible employment law
- low-cost legal structures
- entrepreneurs’ visas
- one of the lowest tax rates in Europe.
Because of this, European start-ups in the UK have seen a steady rise over the last year or more. French, German, Italian, Spanish, and Nordic companies in particular continue to be drawn here. What’s more, our location means we share office hours with Asian, European and US companies, something that leads to numerous business opportunities.
Is It Easy to Set up a European business in the UK?
Starting a company in the UK is a relatively straightforward business. As you’d expect from a country that welcomes inward investment and prides itself on being business friendly, the paperwork is minimal compared to many other places.
All you need is a name, a UK address, and at least one named director and shareholder.
Naturally, there are laws governing most aspects of business. There are strict rules around taxation and financial accounting, so it’s always best to have professionals with local knowledge such as Clark Howes fighting your corner. With our help, you can make the business of setting up run smoothly and painlessly.
Clark Howes are specialists in helping European businesses to set up in the UK. We’ve been in the industry for more than fifteen years and in that time have become experts in the field. For guidance on the full range of services we offer to European investors in the UK look at our accountancy services.
Cultural Differences between Europe and the UK
Setting up in a foreign country always comes with a few hitches. Differences in legal system are a given, but there can also be cultural issues too and the UK is no exception.
One of the biggest problems when dealing with the UK can be language. Few British people speak a foreign language. Whilst most other countries learn English as a second language from a young age, it isn’t so clear-cut in British schools, with a variety of competing languages to choose from. This means that most European businesses will find themselves doing business in English out of necessity.
Getting assistance for your European business
At Clark Howes we’ve got a long track record of helping European companies to set up businesses in the UK. Whether you have queries regarding financial matters, employment, or legal issues we’ll help you come to terms with getting started without falling foul of regulation.
Once you’re up and running, our global outsourcing service is there to help you with payroll administration, bookkeeping, tax planning, as well as auditing and assurance. In short, we can save you the headache of recruiting local experts to run your UK base by taking care of all those day-to-day business worries.
Wherever you are in the world, Clark Howes can help you to set up and run a business in the UK. Get in touch with our experts today to find out how we can help your European business.
28th January 2018We have been made aware that there are higher than normal numbers of scam emails hitting the inboxes of our clients and contacts…5th December 2016Over the summer HMRC published six consultation documents on9th September 2015Accountants Clark Howes shortlisted for Independent Firm of the Year – South East at British Accountancy AwardsClark Howes, accountants and business growth specialists with 6 offices throughout the Thames Valley, have been shortlisted at the 2015 British Accountancy Awards, run by leading industry media group Accountancy Age…
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