The United Kingdom has always sought to be one of the most attractive destinations in Europe for entrepreneurs.
This country should not be considered a tax haven but it nevertheless benefits from lower corporate tax than most European countries, a favorable environment and a business-friendly financial sector.
By choosing to establish your company in the United Kingdom, you opt for a destination that is advantageous in many respects: taxation, flexibility of applicable law, market openness, workforce…
Each case being unique, don’t waste time and contact us to explain your situation in a few lines (country of residence, wishes, nationality, etc…). Our experts are at your disposal for clear and detailed information.
Key figures and advantages of the United Kingdom
The United Kingdom is one of the largest economic powers in the world, alternating between 5th and 6th place, and is still the 2nd economic power in Europe behind Germany.
The British economy is mainly focused on services, thanks to a tertiary sector that weighs more than 73% of GDP and is dominated by financial services.
Stability, low corporate tax and qualified workforce
London is the leading European financial center. In London, 40% of the European headquarters of the world’s 250 largest companies are located. These criteria make the British economy particularly stable.
For those who wish to establish their company in the United Kingdom, one of the main assets remains the low level of corporate tax.
Currently, corporate tax amounts to 19% and numerous expenses are tax deductible. The tax regime of the United Kingdom is more favorable to businesses among the 10 largest European economic powers and this also applies to administrative burdens.
The employment market is also favorable to businesses since the United Kingdom brings together more than 32 million workers (2nd employment market in Europe) and the unemployment rate is very low.
When creating a company in the United Kingdom, one directly benefits from several advantages starting with a simple and clear choice regarding structure (only 2 existing statuses). Moreover, there is no mandatory minimum capital nor exchange controls, and companies are not subject to stamp duty.
Let’s also emphasize the quality of the British workforce, political and banking stability, proximity to Europe and the English language.
Establishing a company in the United Kingdom: an attractive solution
“Developed” countries have intensified their fight against tax havens in recent years. Several countries are already on the European blacklist, while others are part of the red list, with the risk of joining the former.
To benefit from significantly advantageous taxation, it is possible to choose to establish one’s company in a country like Dubai, Hong Kong or Mauritius. However, certain destinations and many others are increasingly perceived as being tax havens, which makes professional activity more delicate with European countries.
Conversely, the United Kingdom appears as an ideal alternative. Certainly, British taxation is not as attractive as the countries mentioned above, but it remains low compared to most other European countries.
Moreover, the United Kingdom is not at risk of being qualified as a tax haven, nor of seeing its reputation tarnished.
Establishing a company in the United Kingdom: opt for our services
The procedures for establishing a subsidiary, branch or company in the United Kingdom are not obvious for a non-resident. In this case, the solution consists of using our services.
We have the particularity of being specialized in all domains related to company incorporation, notably in the United Kingdom: information, company creation, opening a professional bank account, complete accounting services, selection of an office for your company, recruitment… ICD Fiduciaries offers you all the services to perfectly succeed in your establishment.
By choosing us, you can fully dedicate yourself to your business without having to deal with administrative procedures.
Services offered that comply with British laws
The tax burdens that weigh on French companies, but also on companies from other European countries like Germany make SME development difficult. More and more entrepreneurs seek to improve their company’s tax situation, the interest being to reduce tax burdens while remaining within the law.
In this sense, establishment in the United Kingdom appears as a wise choice. We already mentioned it above, but corporate tax amounts to only 19% across the Channel. Note that capital gains are integrated into the company’s results, and therefore within corporate tax.
With ICD Fiduciaries**, all services offered comply with British laws**. In other words, the company will be declared just like the revenues and dividends from this company.
ICD Fiduciaries will inform you, explain the procedures, so that you can benefit from the best practices, within the framework of creating your international company in the United Kingdom.
