There are many incentives involved with moving your business to another location. While some companies move due to market potential, other businesses love to benefit from talent pools and corporate relief. An example of this is Google moving their head quarters to Ireland for tax relief as well as benefits to access the European Union and a talented workforce. Overall, for these reasons, many businesses decided to relocate to a new location.
While many businesses chase to relocate to Central Europe or the Middle East, there are hidden reasons that are to be discovered by moving to places such as the UK.
Not only is the UK one of the powerhouses of the world, with its standard of living and laws being some of the most progressive in the world, but it also holds potential when it comes to business benefits.
From tax incentives to access to skilled talent pools, moving your business to the UK has many benefits for you nd your business, which can not only lower costs but improve your business through skilled labour and access to stable economies.
Tax incentives
The UK surprisingly has a very competitive corporation tax, which can be very attractive for companies who are also moving for other reasons. With a 25% tax rate with extensive allowances for equipment and machinery, the UK stands in a great place when it comes to companies, especially production-based companies moving over to the country. The UK also give generous research and development tax credit awards for any companies that focus on innovation, especially in technology. This means that companies can save on tax costs and benefit from being in the UK when developing new tech or even pharmaceuticals.
Skilled talent pool
With some of the most famous and oldest education systems in the world, the UK is well-renowned for highly educated and skilled talent. Its diverse workforce is full of multilingual and multitalented employees, as well as a flexible and dynamic labour market, making the UK a great place for specialised talent and skills which can not be found anywhere else.
Market access and stability
The UK is a global hub acting as a premier international and financial centre bridging time zones all around the world. This makes it a perfect central base for those companies that are international, as it sits perfectly in the middle. Not only is it a global hub, but it ranks as one of the latest and most stable global economies, surviving financial crises and economic instability.
As well as the stability that comes with operating or being inside the UK, moving a company here helps to solidify it as an established company, helping to build trust with international clients, especially those in Asia, which can help with building relationships and even customer trust with a brand or company. This move doesn’t have to be difficult with British citizenship and other visas such as a UK spouse visa readily available.
