Benefits of setting up your business in London
London is the international finance capital of the world with the highest levels of foreign direct investment per capital, and the highest number of unicorn start-ups in Europe. With this title, London and the rest of the United Kingdom proves to be one of the best business environments to set up a business or even your headquarters to manage your international operations.
The benefits include:
- Pre-Seed to Series A Tax Incentives – the UK has one of the most generous incentives for investors investing in start-ups under the Seed Enterprise Investment Scheme and Enterprise Investment Scheme.
- Legal Certainty – the common law system in the United Kingdom acts as the foundation for much of the western world, with strong intellectual property laws, as well as low levels of political risk on your business and financial assets.
- Tax Benefits for Non-Domiciled Residents – should you come to the UK as an Indian national, there are special tax benefits for individuals with income outside the UK.
- Internationally Trusted Banking – almost all the world’s financial institutions trust UK banking regulations and anti-money laundering rules, making it easier to transact globally via a UK company with a UK regulated bank.
- Employee Shareholder Plans – for founders as well as key staff there a well-established employee shareholder tax incentives that benefit individuals both pre as well as post IPO.
- Established Financing & Credit Markets – from some of the world’s largest banks to well-established venture capital and private equity market. London already acts as the destination of choice for European start-ups looking to scale their business, given its larger volumes of capital to funding, and professional services available to you.
- Large Talent Pool – you have a large talent pool of expertise in the UK to tap into, with favourable immigration rules for missing talent.
- Large Local Consumer Market – the UK economy is the 5th largest economy in the world with a large high-income consumer market. This can act as a robust domestic customer base to test your products as you eye up your global domination.
How can Spondoo help you set up your business or headquarters in London or the rest of the United Kingdom?
At Spondoo Accountants we specialise in supporting domestic as well as international start-ups to gain a foothold in the United Kingdom as their base for a global exporter presence.
Other services include (but are not limited to) the following:
- Company incorporation for businesses with or without a UK resident director
- Bank account set up for companies with or without a UK resident director
- Local tax and employment compliance
- Client money/escrow services while you obtain a UK bank account
- Preparation of Statutory Accounts and Corporation Tax filing
- Bookkeeping, VAT Filing in Xero, QuickBooks, Tally, Zoho Books, Sage, Capium and NetSuite
- UK payroll and workplace pension compliance
- International tax planning for overseas subsidiaries and directors
- Setup and administration of Seed Enterprise Investment Scheme & Enterprise Investment Schemes
- Research and Development Expenditure and tax credits
- Setup and administration of employee shareholder plans (incl. EMI and CSOP)
Check in for more information.
