Presenting at Enterprise Ireland's recent event, Gerry Collins, Managing Partner at EWY, advises EU companies on everything they need to know about operating in the UK after its withdrawal from the European Union
We are pleased to announce that Ecovis Wingrave Yeats has been successful in our application to the UK Investment Support Directory, part of the Department for International Trade.
Office space take up has surged in central London, particularly in the final quarter of 2018, topping off a year where the demand for a slice of the capital’s commercial property market has been tremendous.
Although a deal between the UK and EU remains the most likely outcome of Brexit negotiations, the UK Government has nonetheless prepared and published technical notices in relation to accounting and audit in the event of no deal on the 29 March 2019.
2018 saw a record-breaking number of company formations in the UK, as start-ups defy the pessimism from the current economic and political uncertainty.
Germany and the UK have shared strong cultural and historical ties dating back to the 1700s, when the German Georg Ludwig became George I of England in 1714. Furthermore, the British royal family changed their surname from the German von Sachsen-Coburg-Gotha to Windsor as recently as 1917.
Foreign Direct Investment (FDI) is a key factor driving the strength of the UK economy – larger overseas companies bring a new range of technological and managerial experience, and FDI also encourages UK firms to be more competitive and can stimulate the development and efficiency of supply chains. There is concern that Brexit will reduce FDI inflow the UK relies on, especially within the financial services, technology and manufacturing industries.
One fundamental component of a business’s strategy is where to expand and/or set up, and London is one of the best cities to help strengthen a company’s digital strategy.
Deciding where and how to expand your business overseas is by no means an easy task and one which has arguably been made more challenging by recent global economic and political uncertainty. Download and read our guide to Doing Business in the UK - Key Aspects and Considerations.
Attracted by favourable exchange rates, US corporations have been eyeing up Britain’s top companies as EU buyers have lost interest. Ecovis Wingrave Yeats’ Managing Partner Gerry Collins believes this demonstrates the confidence that US bosses have in the UK’s economy and its innovative businesses.
While it can be tempting to be overwhelmed by the amount of Brexit bad news being shared, it is important to also recognise the possible benefits of the UK exiting the EU next March.
There is no doubt that the result of the June 2016 referendum will have a significant impact on the UK’s trade and relationships with the European Union and the rest of the world. However, the attitude of most companies and indeed the government is very much ‘business as usual’.
The UK has been the largest recipient of US investment for a number of years and the attraction of the UK as a destination for further US investment could be further increased in a post-Brexit world.
On Tuesday 10th January the news broke that Snap, the company behind Snapchat, is setting up an international office in Soho, London. This involves expanding the existing office and UK workforce and handling all sales from countries outside of the US (as well as recognising the accompanying revenue).
Following the EU referendum in June 2016, which yielded an unexpected Leave result, London Mayor Sadiq Khan launched the #LondonIsOpen campaign to show that London is united and open for business. So undoubtedly, the Mayor will be as delighted as we are to hear that the UK has jumped 5 places to 10th position in the World Bank league table of business-friendly tax regimes.