Starting a business is never easy, especially if you’re in a country with huge amounts of bureaucracy… Usually, the more bureaucracy there is, the more expensive it is to start a business, set up the legal entity, open a bank account, register trademarks and so on. That’s why opening your company in the United Kingdom is a great idea. Here are some of the major reasons why you should highly consider starting your business in the UK.
Obviously, just like we mentioned above, bureaucracy is a huge factor to consider, essentially because if there’s a lot of red tape, you’ll for sure spend a lot more money setting up your business. In the UK, for as little as $50 you can pay a team of experts to set up your own limited liability company. It takes a few minutes to fill out a form, and they take care of everything for you. After a couple of days, you get your certificate from the HMRC, proving that your company has been set up.
The United Kingdom is located right in the middle of Europe, with arguable the biggest and most connected airport in the world, London Heathrow, you can easily and comfortable fly to pretty much any country in the world. It’s definitely something to take into account.
United Kingdom is very unique. We’re part of the European Union (EU), but at the same time we have our currency, the pound, which has been historically very strong. Having a very robust and independent economy is a very important factor when you’re looking at a place to open up your new company.
The people in the UK are amazing, extremely well educated, professional and competent. Yes, it’s going to be more expensive to hire British workers, but if you’re building a company for the long-run, you’re going to need the best people, the best team… The UK offers just that.
So here are 4 of the main reasons why you should highly consider moving or starting your business in the UK. Are you currently running your own company here? Why did you choose to do so?