US to UK expansion

Date of publication: November 2016

The UK is an attractive place to do business and a great springboard to the rest of Europe

There are a number of reasons why the UK may be the right choice for your business.

Taxes

Corporation Tax in the UK is 20% and is set to fall over the next few years reaching 17% for the year commencing 1st April 2020.  The lowest in the G7 and the G20.

There are only 3 main taxes to register for. To perform the registration process for all of these can cost less than£1,500.

An extensive network of double tax treaties allows for tax efficient investment.

No Capital Gains Tax on the sale of UK shares for non-residents, and normally none on sale of shares in a 10% or more subsidiary.

Employing Staff – Did you know?

6 months or less – if your employee is going to work in the UK for less than 6 months, they can remain on the payroll of the group company that employs them. They don’t even need to become a UK tax resident.  However, in order to utilise these provisions you need to get an Appendix 4 agreement in place.

2 years or less – if your employee is going to work in the UK for less than 2 years, you can meet the reasonable costs of their accommodation, without them being taxed as a benefit.

5 years or less–depending on which country the employee is coming from, if they are planning to work in the UK for less than 5 years it could be possible for them to remain on the social security system of their home country.

Why the UK?

• Unified and transparent legal system to facilitate business
• Employment law that is far less restrictive than other European countries
• Strong labour market
• Access to funding
• Competitive corporation tax rates
• Incorporation of an entity within 24 hours
• No minimum share capital
• No requirement for local officers.
• High standards of corporate governance
• Generous tax reliefs 

Why Oury Clark?

• Full suite of professional services
• Streamlined efficient service
• Specialists in assisting overseas companies enter the UK market
• Our professionals travel the globe to meet with our clients
• Recommended service provider of UK Trade & Investment

Don’t just take our word for it…..

• No.1 in Europe for Foreign Direct Investment, receiving 34% of all capital investment in Europe ¹
• Ranked 7th in the world by The World Bank's Economy Rankings ²
• Ranked as the 7th most competitive country in the world ³

Contact us for a free meeting or conference call to discuss your UK/European plans, with absolutely no obligation.

¹ Source: FT fDi report 2016

² Source: The World Bank’s Economy Rankings

³ Source: Global Competitiveness Survey 2016-17