Doing business in UK

8/7/2019 Doing business in UK

1/21

Doing business in UK

By MIKUS LOSNS


2/21

DOING BUSINESS in

UNITED KINGDOM England

Scotland Wales

Northern Ireland

by MIKUS LOSNS


3/21

Structure of presentation

Population

Biggest cities

Tourism

Median salary,Minimal salary

The structure ofconsumption

expenditure UK unemployment

rate

Tax rates

Legal forms of business

organizations

Office prices

Structure of population

Business consultants

Institutions

International raitings


4/21

The size of the market - population

Population in UK 60,587,300

England 50,762,900 83.8

Scotland 5,116,900 8.4

Wales 2,965,900 4.9

Northern Ireland 1,741,600 2.9

United Kingdom 60,587,300 100


5/21

Biggest cities in UK

London - 7,556,900

Birmingham - 1,010,200

Leeds - 761,100


6/21

Extra demand or TOURISMin 2005

6 United Kingdom - 30.7 million -urists

6 United Kingdom - 33.7 billion dollars(international -urist receipts)

1 London - 15.34 Million(Most visited cities by international -urists in 2007)


7/21

How rich is the market?number of taxpayers (thousands) in 2005

4745 - 6000 1,440

6000 - 7000 1,160

7000 - 8000 1,590

8000 - 10,000 2,950

10,000 - 12,000 2,760

12,000 - 15,000 3,650

15,000 - 20,000 4,950

20,000 - 30,000 6,000

30,000 - 50,000 4,090

50,000 - 70,000 859

70,000 - 100,000 410

100,000 - 200,000 300

200,000 - 500,000 89

500,000 - 1Million 16

Over 1Million 6


8/21

How rich is the market?(Mean income, minimal salary)

The Mean income in 2005 was 22,800 per

year, which is about 1,5 thousand Ls per

month.

64 billion LATS per month MARKET IS REDY TOSPEND IN UK.

Minimal salary - 920 (1.8% received salarylike this in 2005)


9/21

Median Salary by City


10/21

Median Salary by experience


11/21

The structure of consumption

expenditure in 2009Food and non-alcoholic beverages 9.89%

Alcoholic beverages, tobacco and narcotics 2.40%

Clothing and footwear 5.00%

Housing, water, electricity, gas and other fuels 29.57%

Furnishings, household equipment and routine maintenance of

the house 6.49%

Health 1.20%

Transport 13.49%

Communications 2.70%

Recreation and culture 12.29%

Education 1.40%

Restaurants and hotels 7.99%

Miscellaneous goods and services 7.59%


12/21

The structure of expenditureFood and non-alcoholic beverages

Alcoholic beverages, tobacco and narcotics

Clothing and footwear

Housing, water, electricity, gas and other fuels

Furnishings, household equipment and routinemaintenance of the house

Health

Transport

Communications

Recreation and culture

Education

Restaurants and hotels

Miscellaneous goods and services


13/21

Taxe rates

Country Corporate Individual Payroll tax VAT / GST / Sales

Latvia 15% 23% 33% 21%

UK 21-28% 0-50% 23.8% 0%/5%/17.5%*


14/21


15/21

Office prices

Ask to Mikus


16/21

The greatest competitorsIn my opinion

Religion Number %

Christian 42,079,00071.6%

Muslim(2.4 million) 1,591,0002.7%

Hindu 559,0001.0%

Sikh 336,0000.6%

Jewish 267,0000.5%

Buddhist 152,0000.3%

Other religion 179,0000.3%

Not stated 4,289,0007.3%

No religion 9,104,00015.5%

Total religious 45,163,00076.8%


17/21

Business consultants necessity

http://www.allottandassociates.co.uk/(Public

relations and marketing consultants)

http://www.bottomlineconsultancy.co.uk/ (our

purpose is to work with passionate individuals,

who are redy to share theire dream with others)

Or better - your competitors


18/21

Primary institutions for a new

enterprise

Where to register?

CompaniesHouse www.companies-house.gov.uk

Where to pay taxes?

Internal Revenue Servicehttp://www.hmrc.gov.uk/index.htm


19/21

Last question:

HOW TO START MY BUSINESS? List of Procedures starting a business:

1. Check name for uniqueness at the company namesindex database on the web

2. Prepare memorandum and articles of association; fill

out and sign Form 12 in the presence of a notary public(or a commissioner for oaths, a justice of the peace, ora solicitor)

3. File incorporation documents with the Registrar ofCompanies at the Companies House

4. Contact the Inland Revenue (HMRC) and register forVAT with Customs and Excise

5. Contact the Inland Revenue (HMRC) and register forPAYE

6. Sign up for employers liability insurance


20/21

Now Im open to your questions


21/21

TH

ANK YOU FOR YOUR ATTENTIONi hope this presentation was useful and interestingfor you

Documents

Doing business in UK