Ever since the UK voted to leave the EU, there has been intense speculation about its repercussions over businesses. However, as one of UK’s Government top priorities is attracting investment, it has commited to ensure a regulatory environment to promote trade and commerce.
Traditionally in the UK there are few limitations on foreign ownership or investment. With the exception of certain markets such as financial services, opening a business isn’t very complicated.
Let’s see what it takes to open a business in the Post Brexit UK.
The UK Post Brexit: What business means
As announced in 2016, the United Kingdom will officially leave the EU on March 29 – 2019. This new era aims to encourage businesses, as its exit precisaly obeys to having greater economic independence and breaking away with the regulations imposed by the EU.
So starting up businesses in the Post Brexit UK means plenty garantees and tax reliefs that start-up companies can take advantage of.
Having a company physically located within the UK Post Brexit will allow the entrepreneurs to take advantage of reduced costs and direct access to the market while managing their companies from afar.
Also, the United Kingdom provides one of the most streamlined incorporation processes in the world, with business incorporations typically only requiring one working day.
The business-friendly environment of the country is likely to raise post-Brexit with different trade influence schemes as a direct response exiting EU.
In addition to a quick setup and managed entity, the corporate tax for a UK Limited Company is reasonably competitive at merely 19%.
Foreign investors have pointed out a variety of reasons for choosing UK company registration, one of which is the fact that the UK continues to be the worlds’ sixth largest economy which offers a wide range of opportunities post-Brexit.
Some of the benefits you can take advantage of when opening a company in the UK are:
Limited liability company
Your company will receive the full protection that limited liability offers. This implies that should your company fail at some point in the future, under UK law, your creditors will have no access to your assets as a director of the registered business. Your private assets such as your bank accounts and your home will remain yours, even if you face bankruptcy.
Beneficial Tax Rates
As a registered company, your enterprise will able to gain from low corporation tax rates. Currently, the UK corporation tax rate sets at 19%, with this rate anticipated to fall to a rate in the future. The Government has arranged corporation tax rates to reduce down to 17% by 2020.
The United Kingdom currently has a low corporation tax rate compared to many other nations, so the plans lower this rate further is a very appealing incentive for more UK companies to incorporate themselves.
Better Trading Opportunities in the UK Post Brexit Era
Lots of business leaders are confident that as soon as Brexit has completed, UK Post Brexit businesses will be able to offer competitive deals for exchange on an international basis.
Being free of the EU trading regulations also means that companies will be able to broker much better deals and get up more trading opportunities with other European countries as well as create new agreements with Commonwealth partners.
In other words, forming your own registered company comes with plenty of attractive benefits that are set to remain in place irrespective of the outcomes of Brexit.
Whether you are a contractor, freelancer or self-employed professional, you too can extend your business and optimize your taxes with ease. Schedule a free consultation today and get a rapid solution in place.
Traditionally in the UK there are few limitations on foreign ownership or investment. With the exception of certain markets such as financial services -which is rigorously regulated to protect the consumer-, opening a business isn’t very complicated.
Let’s see what it takes to open a business in the Post Brexit UK.
The UK Post Brexit: What business means
As announced in 2016, the United Kingdom will officially leave the EU on March 29 – 2019. This new era aims to encourage businesses, as its exit precisaly obeys to having greater economic independence and breaking away with the regulations imposed by the EU.
So starting up businesses in the Post Brexit UK means plenty garantees and tax reliefs that start-up companies can take advantage of.
Having a company physically located within the UK Post Brexit will allow the entrepreneurs to take advantage of reduced costs and direct access to the market while managing their companies from afar.
Also, the United Kingdom provides one of the most streamlined incorporation processes in the world, with business incorporations typically only requiring one working day.
The business-friendly environment of the country is likely to raise post-Brexit with different trade influence schemes being mooted as a direct response exiting EU.
In addition to a quick setup and managed entity, the corporate tax for a UK Limited Company is reasonably competitive at merely 19%.
Foreign investors have pointed out a variety of reasons for choosing UK company registration, one of which is the fact that the UK continues to be the worlds’ sixth largest economy which offers a wide range of opportunities post-Brexit.
Some of the benefits you can take advantage of when opening a company in the UK are:
Limited liability company
Your company will receive the full protection that limited liability offers. This implies that should your company fail at some point in the future, under UK law, your creditors will have no access to your assets as a director of the registered business. Your private assets such as your bank accounts and your home will be protected.
Beneficial Tax Rates
As a registered company, your enterprise will able to gain from low corporation tax rates. Currently, the UK corporation tax rate is set at 19%, with this rate anticipated to fall to a rate in the future. The Government has arranged corporation tax rates to reduce down to 17% by 2020.
The United Kingdom currently has a low corporation tax rate compared to many other nations, so the plans lower this rate further is a very appealing incentive for more UK companies to incorporate themselves.
Better Trading Opportunities
Lots of business leaders are confident that as soon as Brexit has completed, UK businesses will be able to offer competitive deals for exchange on an international basis.
Being free of the EU trading regulations also means that companies will be able to broker much better deals and get up more trading opportunities with other European countries as well as create new agreements with Commonwealth partners.
It can easily be seen that forming your own registered company comes with plenty of attractive benefits that are set to remain in place irrespective of the outcomes of Brexit.
Whether you are a contractor, freelancer or self-employed professional, you too can extend your business and optimize your taxes with ease. Schedule a free consultation today and get a rapid solution in place.