Why Should US Companies Start European Development by setting up in the UK?

Article - Why should US Companies Start European Development with an Implantation in the UK?

Did you know that 70% of market entry attempts fail because of a lack of planning? Expanding into the international market is a nightmare when you do not plan things properly. However, the UK offers a perspective to US companies who want to enter the European market at a competitive edge. In this article, our experts will consider the top three reasons why the UK is your best bet for overseas expansion.

1. Deep-Rooted Cultural Ties

The US and the UK have a strong bond connecting both nations. This close cultural connection is facilitating the adaptation of US products to the UK market. With a shared language, similar business practices, and aligned democratic ideals, the UK provides a business-friendly environment. Therefore, the country is stable and secure, enabling successful market entry. In addition, the US and the UK get third-party expertise to help you navigate the UK market effectively.

Note: Be mindful of the subtle cultural differences between the US and the UK.

2. Dynamic and Strategic Location in Europe

Although the UK is a gateway to Europe, it is also a gigantic economic power. According to the World Bank’s Doing Business Index, it ranks as the 6th largest economy in the world. Additionally, the UK attracts significant investment from the United States. It is common to have a transparent legal system, and the market size of the recipient should be considerable in such cases.

The United Kingdom is a perfect place for international business expansion and foreign investment due to its robust economy and strategically favorable location. Your first strategic driver should be the supply chain strategy matching through the UK market. Underlining that your supply chain and operations are top-notch is necessary for creating a space where clients want to operate with their companies.

3. Highly Competitive Tax Environment

The UK is home to the most amiable tax system globally. By taxing Corporations at a flat rate of 25%, which is the lowest rate in the G7, and not charging any dividend withholding tax to foreign shareholders, the entire system is very pro-corporate.

Get an opportunity to take advantage of the low tax rates in the UK and raise your profits. It is also preferable to consult with a tax expert in the UK to have a better understanding of their tax system. Yet, selling is an excellent way to Gain Access (GA) too. It is thus imperative to easily identify articles and arrange your elevated working stage as fast as your UK operations wherein your goods and services are to avoid potential hindrances.

Choosing the UK for your European expansion is a smart move with many incentives. At ALTIOS, we’re committed to protecting your business and helping you succeed with a practical and targeted approach. By collaborating with us, you will advocate your best interests, let’s make your international expansion a success!