Discover the benefits of expanding your business into the UK
If you’re thinking about expanding your business internationally, you want to know you’ve chosen the best location possible. Growing your company’s reach in the United Kingdom might be the ideal choice for you. As of 2024, the UK has the sixth largest economy in the world, with a nominal GDP of $3.5 trillion. Despite the country’s recent withdrawal from the EU, its position as a leading global financial investment centre is unchanged.
So let’s take a closer look at some of the reasons you might want to consider the UK for your international business expansion.
Access to All Four Regions
Doing business in the UK means you’ll have access to all four regions: England, Scotland, Wales, and Northern Ireland. Each of these regions offers unique opportunities for expanding businesses, with their own cultures and customers to cater for.
Ease of Doing Business
Few countries are as friendly to businesses and business start-ups as the UK. Currently, the UK ranks 8th in the world for its ‘ease of doing business’ score, making it an attractive and straightforward place to expand into.
Strategic Location
The UK is an ideal location for global connectivity thanks to its favourable geographical location. The UK can grant businesses easy access to neighbouring countries, with commutable rail, ferry, and air links to Europe – as well as air connections to America, Asia and Africa. As mentioned earlier, the UK is no longer a part of the EU, but thanks to the UK-EU Trade and Cooperation Agreement, many sectors still enjoy access to the EU market, presenting new and exciting opportunities for business.
Skilled Workforce
Home to more than 30 million workers, the UK has one of the vastest and most diverse workforces in Europe, with a competitive variety of skills available for acquisition. The High Potential Individual visa system in the UK aims to continually attract skilled individuals, meaning that the pool of experienced workers is continuing to grow, promoting further collaboration between different countries and cultures.
Time Zones
Globally-spanning businesses can face challenges when it comes to managing teams across multiple time zones. Whilst most businesses have measures in place to mitigate this as best as possible, time zone differences can quickly lead to breakdowns in communication and stall projects for hours or days if they are not dealt with quickly. Here, the UK’s central time zone provides the perfect place to communicate internationally with clients, partners, and workers.
Enterprise Zones
In order to attract business and incentivise expansion, the UK government has created Enterprise Zones (EZs) to draw in investors. These zones offer perks such as increased governmental support and tax breaks – perfect for start-ups or expanding businesses.
Tax Rates
Speaking of taxes, the UK’s corporation tax rates are some of the lowest in Europe at 25%. The transparent and consistent tax systems are easy and quick to integrate, meaning your business could be up and running within just 48 hours.
Why Choose the UK?
If you want to join the 5.6 million businesses already operating in the UK, Leap29 can help you expand your business internationally. Our experts can provide comprehensive PEO and EOR services tailored to suit your business. Contact us today to start your international expansion journey!
