What are the advantages of starting a business in the UK?

The investors will have more advantages to start a business in the UK. The UK is ranked 8th among 190 economies in the ease of doing business (according to the latest World Bank annual ratings in 2019).

With having geographical closeness to Europe, easy access to European and global markets, starting a business in the UK will give businesses many advantages in the international trade environment.

Opening a business in the UK is always appealing to investors because the regulations are easier than other countries.

Moreover, the UK’s Double Taxation treaties will open more opportunities in trading and company development.

Some advantages when starting a business in the UK, including:

• Stable economic and policy jurisdiction with very good standing in Europe. The investors will have the advantage of reputation that allows the companies to easily operate in the international market.
• Corporate tax exemption on foreign dividends: the foreign companies do not pay dividend tax received from both ordinary and nonordinary shares from other companies.
• Tax rate 19%: The corporate tax rate is 19% in the UK as of April 2020 which is applied to all income within the country.
• The UK has double tax treaties with lots of countries such as Singapore, Poland, Netherlands, Myanmar, Hong Kong, Germany, Cyprus, Canada, and so on.
• No minimum capital requirement.
• The charter capital can be registered in many different currencies.

Starting a business in foreign countries, especially in developed countries such as the UK, is the popular choice of foreigners and investors because it has many opportunities and effectiveness for the medium and big businesses.

Read more:

• Company formation United Kingdom
• How to open a company in UK