Many business owners dream of expanding their business in another country or simply moving to the UK from abroad to take advantage of the economic opportunities there. However, a lot of business owners are deterred by the complex process of obtaining UK business immigration and question whether it’s even worth it in the first place.
This article explores how easy or difficult it really is to obtain UK business immigration, and how you can determine if it’s worth your time and effort or not based on your individual situation.
What Exactly Does UK Business Immigration Mean?
Business immigration refers to someone who has the intention of living in, and conducting business in, another country and has obtained permission from that country’s government to do so. As a general rule, this permission can be obtained through either a visa or an official work permit.
UK Business Immigration can be categorized into two types: The Tier 1 Entrepreneur visa UK enables you to live in the United Kingdom if you are setting up, taking over, or running a UK-based business.
The Tier 1 Investor Visa, on the other hand, make it easier for individuals with a certain level of wealth in their country of origin, make investments and support entrepreneurial businesses. This visa requires you to invest at least £2m in UK companies or UK Government bonds.
Applicants must also meet certain English language requirements depending on which visa they apply for.
Setting Up A Company In The UK
Setting up a company in the U.K. can be done either from inside or outside of the country. For those who want to set up their company from within the U.K., they will need at least two founding directors who are residents of Great Britain and then register as a company in accordance with U.K. Company Law. Once registered, you’ll receive a Certificate of Incorporation and your company will have been created.
What Are The Benefits Of UK Business Immigration?
Every year, the UK takes the top spot among the most attractive countries for investment. You set up your business and invest in a country that has a high standard of living and a robust economy.
Various aspects of Britain’s location as a trade hub, such as a well-developed transport system, an immense population, and large borders with many neighbouring countries have an obvious advantage.
The UK government has simplified the processes of running a business, keeping accounts, and interacting with the state regulatory authorities.
While the UK taxation system is quite complex, there are a number of legal options for tax optimisation.
Justice under the law prevails on UK shores, and an independent judicial system strives to provide justice without bias.
Why Hiring UK Business Immigration Expert Is Beneficial?
Hiring a reputable and trustworthy UK business immigration expert who has years of experience is an invaluable resource. Doing research on what companies offer the best rates and services will save you time in the long run. Not all companies are created equal, and hiring a UK business immigration expert who knows what they’re doing can give you peace of mind when starting your business venture.