Setting up in the UK from the USA
Where do you do business?
Getting established in London has long been a goal for many US companies. But there’s more to the UK than just its capital. Right now, the whole country is an increasingly attractive destination for US investors seeking wider global market access.
What are the advantages of US business setting up in the UK?
The UK presents itself as a hotspot for many different business sectors. It leads the way in tech, finance, and the environmental and creative industries. The UK also has effective travel links, so wherever you are, the airport isn’t far and communications are great. Mainland Europe is a short train ride or plane hop away.
Legislative differences from the US
In addition to the buzzing start-up culture, UK legislative structures are very welcoming to foreign businesses. This is a country that prides itself on being open for business and doesn’t enforce a lot of regulation.
The UK is very stable, both financially and politically, and it has one of the most competitive tax systems going. There’s much more regulation around employment rights than in the US, but on a continent where such things can become very onerous to business it’s not such a difficulty.
Enabling easier access for the US to Europe
The UK has often prided itself on being a bridge between the US and Europe. In many ways the UK outlook is very European, but not so much that it’s difficult for US companies to navigate. Much of the legislative framework looks fairly familiar to American businesses because it’s largely based on common law and the Magna Carta. It really is a halfway house.
Alongside that, there’s the common language, the same tech platforms, and excellent infrastructure are advantages of basing your business in the UK.
Potential Disadvantages of basing your business in the UK
Despite the benefits, you’re still essentially working in a foreign country. The laws are different and the legislation that governs how you set up and operate a business is as well. With that in mind, it’s always handy to get local professionals on side that know how things work and can guide you along the way.
At Clark Howes we’re not short of experience when it comes to helping US companies set up in the UK. So if you’re looking at expanding into Europe and you want to pick the easy option, we’re the people to help you.
Clark Howes’ expertise covers such things as company registration, employment contracts for any staff you need to hire, as well as immigration rules, visas, and work permits for any you want to bring in.
Outsourcing Services for US Businesses
However it’s not just setting up in the UK that can cause headaches for US executives. Once you’re up and running, there’s the day-to-day management to look after too. Do you really want to be getting on the plane to look at every small problem?
At Clark Howes, our financial outsourcing services can cover a multitude of functions to enable international businesses to comply with UK legal requirements. Our services include bookkeeping and cash control, as well as payroll administration. We’ll help with the preparation of management accounts, tax planning, audit and assurance too.
So if you want to join the long list of US companies investing in the UK, contact our expert International team to find out how we can help your US 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…
Related Blog Posts
27th June 2016What can businesses expect after the Brexit result? On Thursday 23 June 2016, the UK public voted to leave the European Union…21st January 2016In 2014, there was growth within the manufacturing market…