Expanding into
the United Kingdom
As one of the world’s largest national economies with a broad scale of new business opportunities, the United Kingdom is the perfect fit for your expansion move. However, Brexit did make expansion into the UK a bit more complex. The UK is renowned for its progressive vision and was amongst the instigators of the Industrial Revolution during the 19th century. Although Brexit initiated a turbulent period, the Trade and Cooperation Agreement with the European Union is expected to turn the tide and lead to a rapidly growing and robust economy. With London as one of the world’s largest financial centres and a strong Services Industry led by Financial Services, the UK offers a market full of opportunities for your company to thrive.
Get the Support You Need
Global Expansion is a step to make for any business, regardless of your goal. But the opportunities that can come with an expansion can be stimulating as well as intimidating and confusing, especially when you consider all of the registration procedures that need to be done and the documentation required.
Going at it without the proper support can increase the costs, time and risks involved.
The opportunities that can come with an expansion can be both incredibly exciting as well as intimidating and confusing, especially when you consider all of the registration procedures that need to be done and the documentation required.
This can be worked through efficiently and cost-effectively with the support of an international Professional Employer Organisation (PEO) such as Bradford Jacobs, especially through our Employer of Record (EOR) framework.
This can be best utilised when businesses are just beginning their expansion process and require more information before committing to incorporating an entity and fully establishing themselves in that market.
Hiring Staff
in the United Kingdom
The UK’s long history of being a globalised economy, largely market-oriented and a social market – combines a capitalist ecosystem with social policy reforms. The country has been ranked as the 9th most competitive market in the world out of 140 countries, according to the 2019 Global Competitiveness Report, which the World Economic Forum publishes.
The UK can be characterised as a world-renowned business, which includes a highly educated workforce, attractive tax rates and incentives, and low labour and administration costs. The UK’s GDP in 2020 amounted to approximately £1.96 trillion, taking a hit from the previous year, which amounted to about £2.17 trillion.
The country has a long history of being an international trading economy at the forefront of the Industrial Revolution in the 19th century. Solid commercial services, communications, manufacturing sectors, and high-quality logistics and infrastructure create an attractive environment for any business owner seeking to expand their business.
However, The UK also has its sights set on preparing for the future, embracing innovation, sustainable consumption, and technological modernisation to reach a net zero economy whilst maintaining its strengths.
There are several options for businesses to trade worldwide in both simple and affordable ways. The UK’s geographical position benefits from access to diverse marketplaces in Europe, North America, Asia, and Oceania. Trading in the UK opens businesses to over 70 airports, 40 major ports, and the 4th most extensive rail network in Europe, which links major cities to mainland Europe via the world-class Eurostar rail service.
In the UK, there are 5.58 million businesses in the private sector. SMEs account for 99.9% of that total, employing less than 250 employees.
SMEs account for three-fifths of local employment, engaging around 61% of the total labour workforce, which amounts to about 16.3 million people.
SMEs turnover in 2021 amounts to an estimated £2.3 million, which is around half of the turnover in the UK private sector. Small and medium businesses significantly impact the economy, with their contributions increasing yearly.
Main Customers: United States (13%), Germany (9.2%), Switzerland (8.9%), the Netherlands (8.3%), Ireland (6.5%), and France (5.9%).
Main Suppliers: China (13%), Germany (11%), United States (8.8%), the Netherlands (6.2%), and Norway (5.3%).
Hiring Staff
in the United Kingdom
The UK can be characterised as a world-renowned business, which includes a highly educated workforce, attractive tax rates and incentives, and low labour and administration costs. The UK’s GDP in 2020 amounted to approximately £1.96 trillion, taking a hit from the previous year, which amounted to about £2.17 trillion.
The country has a long history of being an international trading economy at the forefront of the Industrial Revolution in the 19th century. Solid commercial services, communications, manufacturing sectors, and high-quality logistics and infrastructure create an attractive environment for any business owner seeking to expand their business.
However, The UK also has its sights set on preparing for the future, embracing innovation, sustainable consumption, and technological modernisation to reach a net zero economy whilst maintaining its strengths.
There are several options for businesses to trade worldwide in both simple and affordable ways. The UK’s geographical position benefits from access to diverse marketplaces in Europe, North America, Asia, and Oceania. Trading in the UK opens businesses to over 70 airports, 40 major ports, and the 4th most extensive rail network in Europe, which links major cities to mainland Europe via the world-class Eurostar rail service.
SMEs account for three-fifths of local employment, engaging around 61% of the total labour workforce, which amounts to about 16.3 million people.
SMEs turnover in 2021 amounts to an estimated £2.3 million, which is around half of the turnover in the UK private sector. Small and medium businesses significantly impact the economy, with their contributions increasing yearly.
Main Customers: the USA (13%), Germany (9.2%), Switzerland (8.9%), the Netherlands (8.3%), Ireland (6.5%), and France (5.9%).
Main Suppliers: China (13%), Germany (11%), the USA (8.8%), the Netherlands (6.2%), and Norway (5.3%).
The Main Sectors of the UK Economy
The country focuses on the following key sectors, which all have a significant impact on the country’s economy:
The Main Sectors of the UK Economy
The country focuses on the following key sectors, which all have a significant impact on the country’s economy:
Commercial Laws in
the United Kingdom
Commercial Laws in
the United Kingdom
