What Are the Advantages of Non-Resident UK Company Formation?
Starting a business in the UK has several advantages for non-residents. Here are the benefits of a UK company for non-residents:
Gaining Access to European Markets:
One of the major advantages of starting a business in the UK is that you will have access to the European market. The European market is one of the largest markets in the world, with over 500 million consumers.
Every year, UK businesses export over £16 billion worth of goods and services to Europe. So, if you want to enter this vast market, starting a business in the UK is a great option.
Highly Skilled Workers:
Another advantage of doing business in the UK is having access to skilled workers. Over 30 million people are employed in the UK, with a large proportion working in skilled occupations, providing businesses with access to a large pool of talented workers.
Furthermore, the UK has one of the highest employment rates for university graduates in Europe. Starting a business in the UK may be the best option if you need highly educated workers.
The UK also has low tax rates for businesses. The UK corporation tax rate is lower compared to many other European countries. Furthermore, numerous tax reliefs and exemptions are available for businesses operating in specific industries, such as research and development or environmental protection. This makes it an appealing location for businesses looking to reduce their tax liability.
Building trust with potential customers is critical when running a business. After all, if they don't trust you, they won't purchase your goods or services. One of the best ways to achieve this is to register your company in the UK. This sends a strong message that your company is legitimate and trustworthy.
However, simply registering your business is not enough; you must also ensure that your registered address appears legitimate. One of the best ways to accomplish this is to register your company with a UK address. It is a quick and easy way to encourage your potential customers that your company is based in the UK and, as a result, is likely to be legitimate and trustworthy.
Also read: How to check company name availability UK?
RTRSupports Limited can help you set up a complete business in the UK, including a UK-registered address.