Business in England has always attracted Russians and Ukrainians. In recent months, interest in this country has increased even more. This rise has been fueled by the global pandemic, which has further exacerbated the economic and political situation.
Essentially, the economy is currently on pause, and businesses are in a suspended state, with no clear end in sight. Against the backdrop of a lack of support and total unpredictability from the government, entrepreneurs from the CIS countries are actively exploring the possibility of business immigration. Below, we will explain why it is worth starting a business in the United Kingdom.
Whether you decide to buy an existing company or start a new one in England, we can confidently say that it is a 100% profitable investment. Having a UK company significantly increases your prestige and credibility among international business partners. If we consider the benefits of this asset, we would like to highlight the following:
Additionally, we would like to highlight the issue of taxation, particularly the current tax incentives. The UK Treasury has approved a special plan to stimulate the economy due to the current crisis, under which the key interest rate will be reduced threefold, from 0.75% to 0.25% per annum.
Moreover, the government has committed to compensating up to 80% of the income for employees affected by the coronavirus. There is also consideration of reducing the VAT rate.
These measures are aimed at supporting small and medium-sized businesses in the country, and it is worth noting that businesses have already felt the support and interest from the government.
Currently, it is possible to register a company in the UK using the following legal forms:
LP – Limited Partnership, which requires two participants, where one plays a leading role in the company and bears unlimited liability, while the other has limited liability. This type of company is exempt from providing annual financial statements, but zero tax returns must be submitted regardless of where the partners are located and whether the company is active.
LLP – The most common form of British partnership used by entrepreneurs. This type requires annual financial reporting. Also, note that information about its beneficiaries is publicly available.
LTD – Limited Company, for this type of legal entity, the residency of directors or shareholders is irrelevant, and regardless of where the company’s profits are earned, whether inside or outside the country, it will be taxed.
From a professional standpoint, it is impossible to definitively answer which type of company is best to open in England. The choice of the company’s structure and legal form depends entirely on the company’s activities and business goals.
An incorrectly chosen company structure can be very costly or even lead to the closure of the business in the future. Therefore, do not waste time studying the details on your own; contact us now at: info@investmakler.com and we will help you register a company in England and open bank accounts for it.
Business owners often do not know whether it is better to buy an existing company or start a new business in the UK. Naturally, from a profitability standpoint, buying an existing company is much better than starting from scratch.
Firstly, this process significantly saves your time. Secondly, you acquire a company in England with an already open and active bank or payment system account.
Another good news is that you do not need to be physically present for the transaction; all processes can be completed remotely. By the way, our company can help you buy an existing English company with active bank accounts.
Moreover, our lawyers will prepare all necessary documents considering all legal nuances.
The cost of the business is an individual matter and depends on your goals and possibilities. If you want to know more about how to buy an existing company in England, contact us at: info@investmakler.com and we will start preparing for the deal today.
As for starting a British company from scratch, the process also depends on the goals you, as the owner, set for the business and your business strategy. In any case, such investments are best made with the help of a professional.
Registering a company in England and opening a bank account for it is a process that requires knowledge, experience, and expertise. Our company offers you to build a solid foundation for your international business – easily, quickly, and most importantly, without mistakes.
To register a company in England, contact us at: info@investmakler.com for a preliminary free consultation. After that, our specialists will perform a thorough analysis of your business, assist in filling out the necessary forms, and prepare the documentation for submission.
The registration process for an English company takes 2 days, provided all necessary documents are available. Once the company is registered, we will take care of opening a payment system or bank account, as well as setting it up for future cross-border transactions.
Opening a company in England is not a difficult task, but doing it correctly is only possible with professional assistance. Here’s why Russians, Ukrainians, and others from the CIS turn to us:
Want to start a business in the UK in 2020 with professionals? Have questions or doubts? Contact us at: info@investmakler.com right now, and we will find the right solution for you!