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The United Kingdom is one of the most mature European markets and the second-largest European economy. Establishing a business presence in the UK has multiple benefits, including one of the lowest corporate tax rates in the G7 countries, though this may change soon.
If you plan to register an office in the United Kingdom, here are a few things you need to know.
The United Kingdom – one of the largest European and most mature global economies, is a major destination for businesses expanding their global footprint. It is also one of the most populous countries in Europe, making it an ideal market for businesses looking to establish a new market.
Just over a year ago, reports had just started emerging regarding a novel virus. At that point, we had no idea how much impact COVID-19 would end up having on our professional and personal lives.
However, 2021, with the commencement of mass vaccinations, offers hope of a more predictable and consistent future – one where businesses will be able to start focusing on compliance again.
The UK government implemented the Coronavirus Job Retention Scheme last year to help businesses pay employees who had to reduce working hours or were laid off as a result of the shutdown. This furlough scheme has provided months of relief for workers and their employers during this ongoing crisis. But during the last year, there have been many changes in the percentage of government subsidizes – ranging from 60-80%, and these changes have been implemented with little notice.
According to a close majority of votes in 2016, the British people voted to leave the European Union (EU). Brexit will have repercussions on the UK job market but how it could specifically affect UK Nationals searching for jobs remains in the balance. Here are some of the ways Brexit could affect the search for jobs in the UK:
