Choosing to expand internationally in business is a big decision on its own; finding a beneficial country to expand into is another ballgame. There are many benefits to expansion into the United Kingdom.

Becoming an international business is more than just putting a PO box address in a different country. It means creating a connection and building roots. The U.K. appreciates entrepreneurial businesses and makes expansion desirable. 

There is a good labor pool, financial benefits, and a growing market in the U.K. Continue reading to learn the benefits of expanding into the U.K. 

Access

Not only is it relatively easy to gain access to work in the U.K., but the U.K. is a gateway into four countries and the rest of Europe. The U.K. encourages entrepreneurs and new businesses to inspire growth. 

The lack of language barriers helps the process go more smoothly than it would in a place where communication would be a problem. The U.K. is a great place to start if globalization is the goal because of how connected it is to the rest of the world. 

Freeports

Freeports are the areas that the UK does not tax or require regular customs duties, and there are quite a few for the expanding business trying to come in. Some freeports in the UK are Humber Freeport, Solent, East Midlands Freeport, Liverpool City Region, Teesside, and Plymouth.

Freeports save money for businesses, especially smaller ones, to help them and the country succeed. These flexible reliefs include VAT suspension, among other reliefs from tariffs and non-tariff areas. 

Skilled laborers

There are plenty of hard-working people to hire who are skillful and experienced in the U.K. They have regulations for employees, but that protects them and is a massive benefit because of how it affects them and their productivity. 

The cost of labor in the U.K. is decently low compared to other European countries meaning it will save money, which is a vital factor for the budding business. The U.K. projects steady growth in the availability of employees and provides good-quality training.

Financial benefits

With one of the most stable economies in the world, the U.K. is a safe gamble financially. Most successful banks have an office or hub there. The corporate tax rate in the U.K. is only 19% less than in the U.S. 

The U.K. and some countries have a double tax agreement, meaning businesses will not have to pay taxes twice. The United Kingdom has many regulations which protect the business owner and make managing easier. 

Growing markets

The eCommerce growth in the U.K. makes it ideal for expansion. Investing in business takes money, time, planning, and skill. Often referred to as the fintech capital of the world, the U.K. is the hub of the tech market. 

This market is set to continue growing. eCommerce provides a large part of the income in the U.K. as B2B, fintech, SaaS, cyber security, and gaming continue to flourish. In the U.K., there is space for small companies to grow and succeed, even in competitive markets.

Final thoughts

The U.K. is an open country that helps set businesses up for success in many small ways because they know it helps the economy succeed. Through reliefs, the skilled labor pool, and access the U.K. provides, businesses have what they need to expand successfully. 

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