How do I set-up an overseas business in the UK?
Here are some of the key issues to consider to increase the likelihood of a successful business expansion to the UK.
Are there any critical timing issues to consider when setting up a business in the UK?
The two main time considerations relate to bank account set up and employing staff.
Opening a bank account with one of the main banks can take two months or more and can be a time-consuming process. An online application to one of the emerging challenger banks is much faster. However, the range of banking services provided by challenger banks will be reduced in comparison to the full-service menu of one of the main banks.
When hiring employees, you will need to factor in their likely notice period from their current role. This period can range from one to three months. In the case of C suite executives, it can be up to six months in length. At the discretion of the current employer, these notice periods may be reduced.
Read more about how we support International industry at every stage of Entering the UK Market business journey. As always, please feel free to get in touch with me to discuss your own business situation.
Gerry Collins
Further Reading
You may also find the information in these articles useful for the stage of your business
Are there any financial audit obligations for a new UK entity?
After choosing your legal entity and agreeing your corporate structure, it’s time to get to create a tax, audit and compliance environment.
Are there any import implications of Brexit that I need to consider?
For businesses importing goods and services to the UK market, here is a summary of the Brexit implications to consider.
How do I start a business in the UK?
Setting up a business is an exciting time for anyone but, for a lot of people, it’s also a bit scary knowing where to start and can be fraught with questions.
What are the admin procedures for running a UK business payroll?
For businesses entering the UK market, here is a summary of the admin procedures to run a UK payroll.
What tax registrations do I need to consider when starting up a UK business?
If you’re making plans for your business to enter the UK market, there are three main tax registrations for you to consider.
What filing dates do a UK business need to meet?
For businesses entering the UK market, here is a summary of the key filing dates that need to be met.
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