The United Kingdom is well established as one of the world’s leading business locations, with a rich and diverse market spanning several world-class industries. Research indicates that the UK’s economy is the fifth-largest worldwide by nominal GDP, and investment accounted for about 18.4% of its nominal GDP in March 2021.
There are numerous reasons why the United Kingdom is worth considering as an investment destination. If you wish to learn more regarding why you should invest in the UK, please consider the following points.
Attractive Taxes And Incentives
The United Kingdom is ranked the most business-friendly economy amongst Europe’s major economies for good reasons. The country is an excellent investment haven with numerous opportunities, having the most competitive tax rates in the EU with R&D tax reliefs of up to 230%. Also, the UK government has developed several venture capital schemes that provide generous tax relief to investors. These schemes are the Venture Capital Trust, Enterprise Investment Scheme, Seed Enterprise Investment Scheme, and Social Investment Tax Relief. These taxes and incentives make the United Kingdom one of the best places to start, finance, and grow a business in Europe.
‘Residency Via Investment’ Scheme
It is no secret that the UK regards individual investors’ contributions to its economy as essential to its overall development. The UK government is keen to attract investors into the country, evident by its ‘residency via investment’ scheme commonly known as the Tier 1 Investor Visa. This allows entrepreneurs, investors, and high net-worth individuals to set up businesses in the UK and contribute to the local economy. Also, this visa grants foreign investors who pump in over £2 million into the UK economy the opportunity to secure permanent residence status in the UK with their families after five years.
You can even receive your settled status sooner if you make higher investments. Furthermore, you don’t have to be actively involved as an investor to be eligible for the Tier 1 visa, so you can consider this scheme a simple solution to obtain dual citizenship. Experienced immigration lawyers can offer comprehensive support on all areas of your Tier 1 Investor visa application, so it is worth reaching out to them to kickstart your visa application process.
Robust And Refined Regulatory System
The UK sits high on the Organisation for Economic Co-operation and Development (OECD) rankings of countries with the best regulatory practices, making it a good investment destination. This reality is mainly due to the country’s focus on evidence-based policy-making, ensuring that decisions are backed by scientific evidence instead of political motivation. The UK has adopted this evidence-based approach for over two decades, and its regulatory system is widely considered a model for developing countries to create progressive policy-making practices.
In addition, the government has established review programmes to lower regulatory costs for companies and boost their chances of success. Due to this system, the UK’s legal framework and investment are unbiased and predictable, contributing to a significant investment environment.
