Advantages of running a limited company in the UK
The UK offers a business-friendly environment, making it a unique and excellent country for running a company.
"The UK is home to more billion dollar startups than anywhere else in Europe" - UK FinTech State of the Nation
The key factors of the UK's attractions to startups are its tax regime and the benefits it can provide. For Instance, Low Taxation Economy - at 19%, London has the lowest corporation tax in the G20 and Competitive Taxation - tax incentives for R&D, 30% tax relief on investments up to £1 million, favorable personal taxation and the most flexible labor regulations in Europe.
When it comes to the tax regime for #startups, organizations with employees can benefit from the Enterprise Management Incentive (EMI) share scheme to encourage employees to increase business value by allowing them to share options on tax-efficient terms. Moreover, thanks to the Enterprise Investment Scheme (EIS), support is given to smaller and riskier trading companies to find investors by offering these investors tax relief, stimulating investment into SMEs. Finally, Venture Capital Trusts (VCTs), is also another investment inciter that the UK can offer to startups. These 3 regimes are vital sources when it comes to securing early-stage capital.
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