08 Jan Why is the UK an attractive place to invest?
As the world’s fifth largest economy, the United Kingdom provides a number of advantages to attract overseas individuals and businesses to invest.
Why is the UK a great place for international migrants to invest?
- Leading business location
English and the fact that the UK is located in a time zone between the USA and Asia are strong pull factors for HNW migrants to invest. In addition, the UK is still perceived as a good entry point for organisations seeking to expand into Europe.
The UK offers an attractive location for businesses with its easy access to customers, products, partners, innovators and suppliers. Additionally, the UK provides a rich and diverse market with world-class industries in technology, science, financial, engineering, biological and aerospace amongst others etc. The UK’s proximity to Europe makes it also a simple choice to locate for investors coming from outside the EU, and it is home to London, the world’s leading financial centre and most vibrant cosmopolitan city.
- Benefiting from low corporation tax
Currently, corporation tax is set at 19% in the UK. Thus, when compared to other European countries, for example 34.4% in France, 29.8% in Germany, 27.8% in Italy, the tax rate in the UK is lower and highly attractive.
- Accessing a highly skilled workforce
The UK provides international investors with the best combination of labour market attributes in Europe, which including flexible labour regulations, high labour force participation rates and a wide range of foreign language skills in addition to English.
- Providing an advanced education industry
The UK maintains a leading position by creating a range of highly attractive conditions for education. In particular, 4 of the world’s top 10 universities are based in the UK: University of Cambridge, University of Oxford, Imperial College London, and University of College London. As a result, international investors can choose from a unique list of top-ranking universities or schools for their children’s education to pursue their academic studies in the UK.
- Strong E-business environment
The UK is favoured by international investors not only for its access to a wide customer base, but also for its IT/Fintech environment, ahead of all major European economies including Germany, France, Spain and Italy.
- Provision of secure servers
According to OECD Communications Outlook (2011), the UK has the highest number of secure servers in Europe.
- UK transport system
The UK has the largest air transport system in Europe, with excellent air links to locations all over the world from international airports such as Heathrow, Gatwick, Manchester, and Glasgow etc.
Moreover, the UK offers a privatised rail network linking all locations across the country and through the Channel Tunnel and key locations in Europe.
Furthermore, in terms of Eurostat (2013), approximately 120 active ports across the UK, including main container ports at Southampton, Felixstowe, Thamesport, Liverpool etc.
Contact Our Immigration Team
For expert advice regarding any aspect of the Tier 1 (Investor) visa, please contact our immigration team on 0203 384 3075.