Almost all successful businesses will have considered entering the global market and setting up offices in other countries. One of the most popular business options is setting up a new UK office. However, if you don’t know what you need to do, trying to bring your business to the UK can be extremely complicated.
This article will teach you how to make the right steps to execute successful business immigration to the UK and achieve your ambitious goals.
Benefits of Doing Business in the UK
Ease of Doing Business in the United Kingdom
One of the major benefits of setting up a business in the UK is how easy it is. The UK has one of the highest ease of doing business scores in the world, according to the World Bank. There are plenty of opportunities available in multiple industries.
Manageable Taxation System
One of the biggest issues when it comes to global expansion is trying to get your head around the tax system. Compared to other foreign markets, the UK tax system is pretty simple.
Recruiting Skilled Employees in the UK
Another benefit to moving business to the UK is a range of skilled potential employers. The UK has more than 30 million people in its workforce.
Strong Infrastructure for Doing Business in the United Kingdom
A strong infrastructure is essential for business growth, and the UK is constantly improving its infrastructure in key areas such as telecommunications, waste management, energy, and transportation.
Business in the UK: what type of visa should you apply for?
Within the UK business immigration system, there are various types of visas. It is important to understand which one is correct for your needs.
UK immigration business visas cover a wide range of businesses, from newly formed to highly experienced ones.
Another benefit is that the English language skills needed for a business visa is quite low, and future investors don’t have to speak English.
What Type Of Visa Should You Choose
UK Start-up Visa: If you are a new entrepreneur with a unique business idea and want to set up your business in the UK, this visa could be the right choice.
UK Innovator Visa: If you are an experienced entrepreneur with a business idea and the means to fund your plan, the UK innovator visa is a great choice.
UK Sole Representative of an Overseas Business Visa: Excellent if you are a co-owner of a foreign business that wants to set up a branch in the UK.
UK Investor Visa: Finally, if you are a wealthy investor with as little as two million to invest in the UK economy, this business visa is a great choice.
Read: 5 Things You Should Know About Collaborative Learning and Its Benefits
Important Information About UK Business Visas
Fortunately, a business person does not require major capital in the UK economy to gain one of the visas outlined above. However, there are a few negatives that you need to consider.
Firstly, applicants must have the correct experience and education and speak basic English.
It is also worth noting that it takes no less than five years before a sole representative has the power to apply for permanent residence. However, it can be as little as three years if you are on an innovator visa.
UK Investor visa
The UK economy is one of the most developed in the world, and the UK government welcomes investors and new businesses. To support that statement, the UK offers various benefits to those investing in a UK business. The more you invest, the better the benefits will be.
- As a foreigner, if you invest anything from two million to ten million in shares of a UK-registered business, you can gain a UK Investor visa and avoid a UK English test. You also don’t have to prove your professional skills or education.
- This is by no means the minimum amount you must invest in your UK business, but the more you invest, the sooner you can apply for permanent residence.