Brexit and how to set up an office in London

If you have chosen to open a subsidiary office in London then you are going to be at the heart of the world’s leading financial centre. What happens in London affects international business and commerce; in fact, it influences the whole global economy. However, if it was straightforward to open a UK office in London, there would be far more international companies opening a business in the UK!

How does Brexit affect a London office?

We can’t go far without mentioning Brexit. The UK is currently engaged in what could be around two years worth of negotiations to exit the EU – and predictions on how this will pan out vary enormously. This has led to a note of caution in London – and some overseas businesses are making moves to relocate elsewhere in Europe to be more central to EU benefits and fluidity.

That’s not to say it’s a mass exodus. It does mean that with the right know-how, you can negotiate on office space and accommodation as the period of uncertainty is keeping prices at least stable. Keep in mind too, that changes in procedures and laws in the coming years will probably make it harder to recruit staff from outside of the UK. On the flip side, the investment in education and training for the indigenous workforce will get even stronger.

London is a cosmopolitan city and any cultural differences you face could be ironed out using the myriad of specific agencies and country-centric support organisations available. This is a city that has the unrivalled power to connect people. But it also has complex laws for new business start-ups in London, including anyone opening a satellite office in the UK.

Even leasing office space can be time-consuming and potentially risky without local assistance. For example, it’s not uncommon to be tied into a seven-year lease for London office space – which brings with it certain registration obligations.

As office space in London is expensive, one of the starting points is to cut your footprint to as narrow a margin as possible. Explore options for self-storage for files and materials, shared office space and virtual offices in London, for example.

If you want a successful business move to London or to open a subsidiary company in the UK’s heartland, then investing in insider knowledge and contacts will ensure a far smoother transition. Goodwille has help over 1,800 companies successfully expand their businesses in the UK. Contact us to make your move a positive one, and to get your London office running smoothly from day one.

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How a virtual office can save you time and money

If you’re a small or medium-sized business, you need to maximise your resources. And the chances are your main resources are time and money! A virtual office can help save you both. Here’s how.

You’ll pay less in rent

We’re sure you already know just how expensive modern office real estate can be. If you operate in a major city like London, it can be a huge drain on your resources. A virtual office in London can allow you to work either without an office at all  or to work from a much smaller space. Either way, you’ll save money. This is even more relevant if you’re an international business. Why pay more for a property you aren’t even going to use?

You’ll pay less in bills

Any and all office spaces end up costing more than just the rent. If you rent a permanent office, you’ll also have to pay for electricity, internet, cleaning, business tax and so on. A virtual office will allow you to bypass all of these costs, while still maintaining a presence in whichever area of the country you choose.

No maintenance required

It’ll also save you any form of general maintenance, which can be a real burden if you’re overseas. Leasing a physical office means you’ll have a duty – as part of the lease – to keep it in great condition. This won’t be easy if you’re routinely away from the office itself! You’ll have to deal with the hassle of hiring a property manager, and then managing them to ensure they’re doing a good job, and so on. A virtual office will save you the bother.

The work-from-home option

In today’s modern, fast-paced world, many businesses have employees that work full-time from their home. This is a flexible option that also means happy employees, so it’s not hard to see what makes it popular (it’ll also save you money on little things like tea and coffee, as well as office equipment). A virtual office will allow you to do this, but will still allow you to have a proper address.

Get in touch

If you’re looking to set up or expand a business in the UK, contact Goodwille today. We’ve helped nearly 2,000 companies thrive and can support you with everything you need to run a UK office.