Why Relocate to the United Kingdom in 2024?
Advantages of living and doing business in the United Kingdom.
Choosing a country for permanent residency is no easy task, especially in 2024, when there are numerous destinations and opportunities for relocation. If you haven't yet decided on a country for immigration or have been considering moving to the United Kingdom but still have doubts, be sure to read this article to the end.
1. Stability and confidence in the future
The traditionality of Great Britain, rich in historical heritage, is reflected in various aspects of life, including the legal system.
When you move to the United Kingdom, you can be assured that much of the established rules will remain, providing stability for your long-term plans.
In the event of changes, such as amendments to immigration legislation, you will receive advance notice.
Despite global challenges such as inflation and economic crises, the United Kingdom remains a leader in international rankings for quality of life and business opportunities.
2. Excellent education for you and your family, recognised worldwide
The education system of Great Britain is considered the gold standard of quality.
It comprises four main stages: primary, secondary, further (or post-secondary), and higher education.
School education in this country is known for its comprehensive approach.
The system is designed so that each student, besides acquiring subject knowledge, actively participates in sports and creative activities, developing skills and qualities necessary for successful adult life.
In higher education in Great Britain, special attention is paid to a practical approach and close ties with the industry chosen by the student. Diplomas from British educational institutions are widely recognised worldwide, offering unique opportunities for personal and professional growth.
3. Convenient transportation infrastructure for your travels
Britain boasts one of the most extensive transportation systems in Europe, ensuring ease of movement both within the country and beyond its borders. You can quickly reach a neighboring country for a business meeting or plan a long-awaited nature getaway during the "long weekends."
Aviation, railways, and waterways are the most popular modes of transportation.
If you're interested in more budget-friendly travel options, you can take advantage of the services offered by low-cost airlines such as Ryanair, easyJet, and WizzAir, which operate numerous regular flights both domestically and internationally.
Moreover, in Britain, the Eurostar operator is renowned for providing high-speed rail passenger transport in Europe. It connects London and Kent with the cities of Paris and Lille in France, as well as Brussels in Belgium.
4. One of the best business ecosystems in the world
Britain stands out among other countries with a favorable business ecosystem in several key aspects.
Firstly, ease of doing business in the country. Company registration procedures are relatively simple and transparent, which facilitates startups and new enterprises in starting their operations.
Additionally, Britain is renowned for its status as a financial center. This attracts capital from various parts of the world, creating a conducive environment for investment and financing.
Britain is also known for its innovative industries, such as technology, biotechnology, and fintech.
5. Strong opportunities for obtaining investments
Currently, the United Kingdom remains one of the leading financial centers in the world.
In previous years, it held leading positions among European Union countries and ranked second globally in terms of investment volume in startups, trailing only behind the United States and surpassing India and China.
Investments in British startups have reached historically high levels, with more than half of all funding for companies in London in 2022 concentrated in financing rounds of $100 million and above. Additionally, the country is home to over 120 unicorn companies.
6. Flexibility of the taxation system
If you're planning to start business activities in the United Kingdom, it's important to know about a range of incentives and allowances that can help reduce your tax burden.
For example, the country offers tax incentives in the field of innovation: companies engaged in research and development (R&D) are exempt from paying corporate tax.
Furthermore, under the HMRC program (Her Majesty's Revenue and Customs of the United Kingdom), you may qualify for tax relief if your business incurs losses in its initial years of operation.
7. Opportunity to quickly obtain permanent residency (ILR) and British citizenship
When moving to the UK under certain visa types, such as the Innovator Founder visa, you can apply for Indefinite Leave to Remain (ILR) after just 3 years and for British citizenship after 5 years.
In turn, the British passport grants you the freedom to travel and visa-free access to over 180 countries (according to the latest data from the Henley Passport Index).
Additionally, the UK is known for its large Russian-speaking community. Here, you will be surrounded by a strong support network and won't feel lonely!
The traditionality of Great Britain, rich in historical heritage, is reflected in various aspects of life, including the legal system.
When you move to the United Kingdom, you can be assured that much of the established rules will remain, providing stability for your long-term plans.
In the event of changes, such as amendments to immigration legislation, you will receive advance notice.
Despite global challenges such as inflation and economic crises, the United Kingdom remains a leader in international rankings for quality of life and business opportunities.
2. Excellent education for you and your family, recognised worldwide
The education system of Great Britain is considered the gold standard of quality.
It comprises four main stages: primary, secondary, further (or post-secondary), and higher education.
School education in this country is known for its comprehensive approach.
The system is designed so that each student, besides acquiring subject knowledge, actively participates in sports and creative activities, developing skills and qualities necessary for successful adult life.
In higher education in Great Britain, special attention is paid to a practical approach and close ties with the industry chosen by the student. Diplomas from British educational institutions are widely recognised worldwide, offering unique opportunities for personal and professional growth.
3. Convenient transportation infrastructure for your travels
Britain boasts one of the most extensive transportation systems in Europe, ensuring ease of movement both within the country and beyond its borders. You can quickly reach a neighboring country for a business meeting or plan a long-awaited nature getaway during the "long weekends."
Aviation, railways, and waterways are the most popular modes of transportation.
If you're interested in more budget-friendly travel options, you can take advantage of the services offered by low-cost airlines such as Ryanair, easyJet, and WizzAir, which operate numerous regular flights both domestically and internationally.
Moreover, in Britain, the Eurostar operator is renowned for providing high-speed rail passenger transport in Europe. It connects London and Kent with the cities of Paris and Lille in France, as well as Brussels in Belgium.
4. One of the best business ecosystems in the world
Britain stands out among other countries with a favorable business ecosystem in several key aspects.
Firstly, ease of doing business in the country. Company registration procedures are relatively simple and transparent, which facilitates startups and new enterprises in starting their operations.
Additionally, Britain is renowned for its status as a financial center. This attracts capital from various parts of the world, creating a conducive environment for investment and financing.
Britain is also known for its innovative industries, such as technology, biotechnology, and fintech.
5. Strong opportunities for obtaining investments
Currently, the United Kingdom remains one of the leading financial centers in the world.
In previous years, it held leading positions among European Union countries and ranked second globally in terms of investment volume in startups, trailing only behind the United States and surpassing India and China.
Investments in British startups have reached historically high levels, with more than half of all funding for companies in London in 2022 concentrated in financing rounds of $100 million and above. Additionally, the country is home to over 120 unicorn companies.
6. Flexibility of the taxation system
If you're planning to start business activities in the United Kingdom, it's important to know about a range of incentives and allowances that can help reduce your tax burden.
For example, the country offers tax incentives in the field of innovation: companies engaged in research and development (R&D) are exempt from paying corporate tax.
Furthermore, under the HMRC program (Her Majesty's Revenue and Customs of the United Kingdom), you may qualify for tax relief if your business incurs losses in its initial years of operation.
7. Opportunity to quickly obtain permanent residency (ILR) and British citizenship
When moving to the UK under certain visa types, such as the Innovator Founder visa, you can apply for Indefinite Leave to Remain (ILR) after just 3 years and for British citizenship after 5 years.
In turn, the British passport grants you the freedom to travel and visa-free access to over 180 countries (according to the latest data from the Henley Passport Index).
Additionally, the UK is known for its large Russian-speaking community. Here, you will be surrounded by a strong support network and won't feel lonely!
How to move to the United Kingdom?
We believe that moving to the United Kingdom and obtaining British permanent residency (ILR) and citizenship represent a beneficial investment in your future and the future of your family.
If you are interested in opportunities for relocation and starting a business in the UK, sign up for a free consultation to receive additional information.