An internationally competitive tax environment for foreign investors, the UK has a competitive corporation tax rate of 19%, which will fall to 17% from 1 April 2020.
The UK has also been identified by the OECD as ranking second for the least barriers to entrepreneurship, third for the least barriers to trade investment and is also a world leader in quality research and innovation. The UK is the world’s largest financial centre and attracts top talent, with home to three top global universities.
Well known for its world-class transport links, the UK government has undertaken steps to improve air facilities, rail network and rail freight infrastructure. It also boasts a strong communication network, with extensive broadband markets amongst the G7 countries and also the strongest ICT infrastructure in the world.
In 2018, there were 27.6 million households (ONS 2018)
Average weekly earnings = £542.00 (ONS July 2019)
Average weekly working hours = 37.2 (ONS July 2019)
UK GDP = £513,029 million (ONS July 2019 Q2)
Expanding into new territories provides a wealth of opportunities, but also some risks. Through understanding your business and ambition for growth, RSM can help navigate the complexity of local regulatory requirements to thrive in this lucrative market.
Working with RSM advisers as an extension of your team, we can help you identify and maximise the opportunity of helping you achieve your objectives through the provision of a full range of services. RSM advisers provide a breadth and depth of experience and with a passion for personal client service.
What are the key countries responsible for FDI business in the UK?
In 2018, the Department for International Trade reported that countries in Europe collectively remained the UK’s largest investor at £744 billion, with Luxembourg and the Netherlands leading the way at £116 billion and £228 billion respectively. The US remains the single largest investor into the UK at £351 billion however increases have been seen from India, China and notably Japan.
Are there publicly funded incentives available for FDI businesses in the UK?
There are numerous grants and incentives available to companies investing in the UK. The grants are divided geographically and by industry.