The UK enjoys the privilege of being one of the leading nations in the world. It is also one of most dominant countries in the European Union. The UK is one of the top countries dominating the business scenario worldwide. It is one of most favored destinations amongst the business fraternity for investment. The UK has excellent and far-reaching business avenues. Its business activities are spread across almost all the countries in the world. It also holds huge potential for profitable foreign investment. Today, several leading business conglomerates have their headquarters in the UK and several others are considering having their headquarters in the UK.
Advantages of having Business Headquarters in the UK:
Prime Financial Center:
This is one of the biggest advantages of having a business headquarters in the UK. The UK is one of the leading financial centers in the world. The UK is home to the world’s largest financial center, London.
Favorable Taxation Policies:
The taxation policies of a country are a crucial factor that investors consider while investing in the country and establishing a base for business operations in that country. The favorable taxation policies of the UK give it a distinct edge over other countries of the world in attracting huge foreign investment. According to the UK taxation policy, big multinational companies having an annual turnover of about 1.5 billion or more are taxed 28% on their profits. Whereas the UK government levies 21% tax on the profits of small business with an annual turnover of about 300,000. The taxation system of the UK provides tax benefits on the expenditures incurred on production and on the depreciation of assed used in the production process.
Good and stable Political Set-up:
A good and stable political environment is one of the prime factors that investors take into consideration while setting up their business headquarters in the country. The UK has one of the best political set-ups in the world. The political system is very transparent and stable at all times. The country also has the least corruption rates.
The UK’s currency unit Pound Sterling is one of the most powerful currencies in the world. The currency commands worldwide acceptance.
Setting Up a business is easy:
Studies conducted by World Bank suggest that it takes only about 13 days to establish a business operation in the UK. Thus, Setting up a business headquarter in the UK is very advantageous. World banks ranks the UK first in Europe and sixth in the world as the best place to set up business headquarters.
The UK’s government encourages Foreign Investment:
Investors setting up their business headquarters in the UK are welcomed with open arms by the government of the UK. The UK’s government has an unbiased attitude towards foreign investors investing in the country. The government does not discriminate between firms owned by foreign nationals and local UK nationals.
No Language Barrier:
English is the most widely spoken language across the world and English is the official language of the UK. Thus setting up business headquarters in the UK eliminates the barrier of language.
Opportunity to tap European Market:
The UK is a very prominent country in the European Union. Having a headquarters in the UK would give business an opportunity to easily enter in and explore the European market.