International businesses

Whether you are an overseas organisation thinking of taking advantage of the UK’s favourable business environment and setting up here, or a UK business considering expanding your operations abroad, you will need expert advice and support to help you make a success of this important project.

Expanding your business into the UK

If you are considering the UK as a possible location for your business expansion, you need to get it right.

We have been providing financial expertise and business consultancy to international subsidiaries both in the UK and abroad, for more than 50 years. Many of the companies we advise use our address as their registered offices.

We can help you with:

• Advice on the most appropriate business entity
• Company formation and registration
• Setting up a registered office in the UK
• Finding potential partners, suppliers, distributors and competitors
• Raising finance
• Planning to minimise tax liabilities
• Registering for and minimising VAT and duty costs
• Preparing statutory accounts and audit

Expanding UK operations abroad

As a UK business, you undoubtedly know your home market inside out. Operating in another country however poses a whole host of new challenges.

How do you go about setting up the company? What are the taxation and legal requirements? Are grants available? Where should you locate your new business? These are some of the questions we can help you answer.

We can assist you with:

• Local business environments
• Local politics and customs
• The best business locations
• Finance, grants and incentives available
• Taxation and tax-efficient business structures
• Industrial and commercial restrictions
• Auditing and accounting requirements
• Making contact with third parties

Outsourcing bookkeeping, management accounting and payroll

International subsidiaries can benefit from outsourcing their whole finance function including bookkeeping, management accouting and payroll. You’ll get access to a team that understands the complexities of international accounting and is often more cost-effective than having an in-house accounts team.

Ellacotts national and international reach

We are a member of the UK200Group, which consists of independent accountants and lawyers covering the whole of the UK. The group provides a nationwide network for training and shared services to rival that of the medium and large accountancy practices.

David Stevens is Chair of the UK200Group International Panel and ensures that we have access to wider experience, resources and information relating to international business opportunities.

We are also part of an international association of accountants called IAPA, which is a global association of independent accountancy and business advisory firms who provide accounting, audit, tax advisory and other professional services.

This association gives us access to accountants and other professionals across the world and can enable a ‘one stop shop’ whereby we can, for example, arrange for an overseas subsidiary and manage the ongoing services provided locally.

Contact us to discuss your international business requirements.

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