United Kingdom

Wisteria Ltd, United Kingdom – Global Accounting Alliance Member

Economic Overview & Business Opportunities

The United Kingdom (UK) of Great Britain and Northern Ireland consists of England, Scotland and Wales (Great Britain) and Northern Ireland. Historically, the United Kingdom played a leading role in developing parliamentary democracy and in advancing literature and science.

Also, it is a leading trading power and financial centre for centuries. The century-long leading role in the economy has positioned the United Kingdom as one of the largest economies in Europe. It is also one of the strongest economies in Europe, in terms of inflation, interest rates, and unemployment, all of which remain relatively low. Expanding businesses are generally looking to traipse into an open market with great access to neighbouring regions or countries with a healthy supply of skilled labour, research and development and a return on investment for the long term. The UK offers these attributes and more.

Its well-educated, English-speaking populace makes the country an attractive place for foreign businesses to gain a foothold in a European market as well as the world’s market. Based on gross domestic product (GDP) and population size, the United Kingdom has great potential to expand the marketplace of many companies. What’s more, the government-backed support and finance for business, tax incentives, visa flexibility and the vibrant investment climate are factors that serve as the magnet for foreign investment.

After the Brexit vote, the United Kingdom’s economy continues to hold up well. If you are thinking of maximising your global potential, UK will be an ideal place for you to establish your foreign business and branch out to new locations – both in the UK and neighbouring regions.

If you are looking at a good plan to park your wealth and expand your fortune, United Kingdom will surely be on the top of the list.

Richard Sham BSc ATT CTA
Director

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