The UK is home to one of the largest financial services, intellectual
property, IT, telecommunications and pharmaceuticals markets in
the world, and serves as a strong platform from which to expand products
and services into the European Economic Area. Within London alone
there are 2,000 UK headquartered companies listed on the London
markets producing an aggregate market capitalisation of nearly £1.4
trillion. Included amongst the largest corporations by market influence
are major multi-nationals and smaller domestic companies ranging
across the legal, accountancy, consultancy, retail banking, investment
banking, private equity and insurance sectors.
With a GDP per capita of $50,000 as measured by the CIA fact-book,
the UK has proven to be a strong haven for investor capital in addition
to the strong purchasing power amongst the local affluent population.
With foreign direct investment in London reaching £38 billion
per year, new business has profited from huge potentials
in venture capital, government support and flexible labour markets.
Tax in the UK is administered by the HM Revenue and Customs, with
corporate entities liable to corporation tax, respective to different
bands, and individuals liable to income tax, capital gains tax,
stamp duty, and inheritance tax amongst others, with various tax
free allowances available. The UK has a competitive corporate tax
rate which is lower than any other G7 country, including an extensive
network of tax treaties to ensure investors are protected from double
taxation. Additionally, generous tax allowances such as Research
& Development tax credits increase the UK’s attractiveness
for overseas investors.
Within our specialist tax consultancy services, we cater at the
corporate and individual level, providing linguistic support and
foreign representation across several languages, including Mandarin
and English. Our comprehensive client care facility ranges from
the effective design of a corporate or other investment entity and
respective structure, through to set up and establishment of an
effective overseas presence. Our highly experienced consultants
will aid in promoting your company’s or other investment’s
structure to take full advantage of all available tax reliefs. In
some instances, where there may be the need to import or export
goods, we can establish an intermediate off-shore subsidiary to
effect specialised trade agreements in order to attract as low a
band of tax as possible. On an individual level, we can, for example,
utilise off-shore trusts or available trade jurisdictions in order
to minimise capital gains liabilities or other relevant taxes.
Our years of experience and background in the UK market, coupled
with our extensive ties to local businesses including accountancy
firms, financial entities and legal services, including immigration
advice, puts us in a very strong position to provide a highly efficient
and cost effective service. For any further information, or to book
a free initial consultation, please contact
us.
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