The need to be as global as possible is compulsory if any business is to scale through and break international borders, and expanding your company internationally is not just an option, but a strategic necessity, especially in today’s interconnected global economy.
When trying to enter new borders, there are various factors business owners should consider, such as ease of doing business, tax policies, etc.
While other countries have their offers, the United Kingdom stands out because of its mix of market access, skilled workforce, legal certainty, and business-friendly policies.
One of the surest ways to boost the status of your company in the international market is by setting up a UK branch or representative office. This not only helps business owners enter the European as well as global market, but also paves a path to becoming UK citizens themselves, together with their family.
Here are some of the reasons business owners should consider opening a UK branch or representative office:
Pathway To Becoming A UK Citizen
Yes, opening a company branch or representative office in the United Kingdom is another hassle-free way of moving in with your family and becoming a UK citizen.
You might ask: What is the difference between a UK branch and a UK representative office? Well, both of them mean the same because they both perform the same functions for the parent company. However, do not be bothered by the many terms you might come across in your journey, as there are credible advisory firms that help to properly register branch in UK and ensure you meet your goals for doing so.
Strategic Access To Global Markets
The UK is a major gateway to entering Europe, and even though it has left the EU, it still maintains that close trading ties. Going beyond Europe, having a UK office allows business owners to set up operations in one of the world’s most globally connected economies.
The UK is also seen as the financial headquarters of the world, and it also boasts better connections with other parts of the world, which further help trade and logistics.
Business-Friendly Environment
The United Kingdom is known for its business-friendly environment because of its Government policies, which are stable and predictable. The process for creating a new company or branch in the UK is also transparent, and there are various legal structures available for business owners to choose from that will best fit their goals and strategy.
Whether you have a ground-breaking innovation, the UK’s clear corporate governance and strong intellectual property protection laws are there for you.
World Center For Financial And Legal Infrastructure
Welcome to London, the city in the UK known for housing top-tier banks and other financial institutions, which will be available for your needs. The UK also boasts of a highly developed and trusted legal system that supports commercial growth and investment.
Having your company operate under the English common law, which the UK practices, will give your company additional credibility.
Talent Pool & Cultural Enrichment
The UK is home to diverse talents brought by migrants from all over the world. These special talents such as accountants, software developers, business managers, data analysts, etc, are also gotten from highly ranked universities such as the University of Oxford, Cambridge, UCL, etc, that join the workforce after completing their educational programs.
People from different tribes of the world, speaking different native languages and coming into the UK, add to its diversity and cultural enrichment. Hence, there is a perfect fit for whatever talent a business owner might seek.
Brand Visibility and Global Prestige
No doubt, having a UK branch or a UK representative office increases the visibility of companies and boosts its global trust and prestige. A successful business in the UK is proof that it can be successful in other countries, and many PR and global media outlets are there to say it loud.
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