Social Sciences, asked by rahul10232413, 1 year ago

reason why corporation expanded in london

Answers

Answered by Anonymous
0
Due to good economic conditions and facilities
I'm just guessing....

rahul10232413: dude its a 5 mark question
Answered by reddy23
1
. What is the UK business climate?

As an international business owner, it’s important to understand the business climate of any new country. A good starting point is the U.S. government’s commercial guide to doing business in the UK. In it, international trade experts have come together to create a comprehensive overview of the UK’s political climate, trade regulations, financing, and current business opportunities.

According to the British government, more companies locate their European business headquarters in the UK than in anywhere else in Europe. So it’s no surprise that gov.uk has multiple resources to support businesses. In particular, there is a list of articles covering different aspects of business (all labeled either “guidance” or “promotional”) as well as investor case studies and investment reports.

Reading both sets of resources will give you a good indication of the opportunities available in your niche.

2. How can I set up a company in the UK?



When you’re used to the business structures in the United States, those in the UK can seem very foreign, but you’ll need to navigate them to get your business started. British companies have to register via Companies House. This is where you’ll find out if your chosen business name is available and where you will complete all the business formalities. The registration fee ranges between £15 and £100 depending on whether you are registering online, in person, or whether you need a rush registration.

Another important part of setting up your company is registering for Value Added Tax (VAT). If you are selling digital downloads to the UK, you should already have registered. If not, be aware that if the value of goods you supply to the UK is more than £82,500, then you must register. The percentages for VAT are quite steep in the UK—as much as 20 percent. (See an online VAT calculator.)

If you’re going to employ people in your business, then you will need to handle tax and National Insurance contributions for employees via the PAYE scheme. There are step-by-step instructions on how to set up a UK company here.

If the thought of this makes your head spin, there’s another option: Use a company formation agent to set up your business, file your paperwork, open your business bank account, and even set up a local website. Not only will this save you a lot of time and mental energy, but you will know you are in compliance with local regulations.

3. What resources support UK businesses?

One good thing about doing business in the UK is there is a lot of helpful information available online to help you get oriented quickly. Much of it is aimed at local small and medium-sized business owners, but it’s still useful for foreign business owners.

A good starting point, especially for small business owners, is the National Federation of Self-Employed & Small Businesses Ltd. This lobbying group aims to represent the interests of small business owners and to help its members with business services and advice. The group’s website is pretty comprehensive and well worth browsing.

The UK government also provides the Business is GREAT Britain website, which caters to businesses at all stages of development. Whether you are a new startup, planning for growth, or ready to accelerate into the big time, there are resources and practical advice to help you succeed.


rahul10232413: dude
rahul10232413: u just typed so much
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