Opportunities for startups in Birmingham

If you’re planning to start up your new business in the UK or transfer an existing overseas business to the UK, Birmingham could be an ideal location. Being the second biggest city in the UK, Birmingham recorded the highest number of UK startups in 2016 and is currently just behind London when it comes to startup numbers. The Start Up Loans Company, UK Government backed business named Birmingham  “the most entrepreneurial city” outside of London in 2017.

Advantages of starting up a business in Birmingham

Some of the benefits of opting for Birmingham as your choice for startup location include:

1. Birmingham has a great geographic location in the Midlands, central England, so it’s quick and easy to travel to from anywhere in the UK. It only takes around 90 minutes to travel from Birmingham to London by train, and the motorway network is superb for accessing any area of the UK in the shortest possible times. If the proposed HS2 rail developments go ahead, the train journey to London will be cut to just over 40 minutes.

2. The commercial rents in Birmingham are a lot lower than those in London and labour costs are a lot lower than the UK average. The average weekly earnings for full time employees in 2016 were around £497 per week.

3. There are four major universities in Birmingham, so businesses have access to a talented workforce. Furthermore, over 220,000 people within the working age population are qualified at NVQ level 4 or above.

4. The NEC, one of the largest conference and trade show facilities in the UK, is very close to Birmingham city centre. Every year, the NEC hosts a number of high profile business events.

5. Birmingham is home to a thriving tech startup zone, known as Silicon Tech Canal and the local enterprise zone is very supportive of startups. There are a wide range of grants, funds and initiatives available to Birmingham startups that make a commitment to providing employment in the city.

6. While the city’s tech scene is growing, the Midlands has traditionally been home to heavy industry and manufacturing businesses and the area remains the go-to region for these types of businesses. If you are running a business focused on heavy industry or manufacturing, the Midlands the natural area to establish in due to its industry clusters and the infrastructure.

If you need any advice on which UK city that’s most suitable for your business, or anything else related to starting up a business in the UK, Goodwille can help. We have helped nearly 2,000 businesses with their UK operations and can provide you with all the advice and support you need to make sure your business can grow and flourish in the UK. With offices in Midlands and London, we can offer you location-based and industry-specific expertise. Get in touch with us today to learn about how we can ensure the success of your business.

Can London tech businesses boost economic growth in a post-Brexit UK?

Brexit continues to occupy much of the space in the British and international media, with debate ongoing as to what the UK’s withdrawal from the EU will mean for business.

Recent government impact studies have shown that as much as 8% could be chipped off Britain’s GDP if the UK leaves the EU with no deal in place. Five percent of GDP will apparently go missing if they conclude a free trade agreement with the EU, according to the leaked reports published by BuzzFeed.

Even if Britain stays in the European Economic Area after leaving the EU, the damage will still be around 2% of GDP, according to the leaked impact assessments. Those figures suggest that some serious innovation will be required by businesses to keep the British economy on track and moving in a positive direction.

So what can be done? Well, tech startups in London could be a big part of the answer. If anyone is wanting to set up a UK company of this type, London is a good city to choose. There are a number of reasons for this.

Tellingly, London has a youthful, dynamic and diverse population, that is also very large. A massive chunk of the city’s population is classed as being millennials, a demographic which is naturally drawn to technology companies.

An indicator of the opportunities available to companies who set up in this part of the UK is that in 2015, London-based start-ups created 20,000 new jobs. They also managed to raise £1.3 billion. Now, in 2017, there is also a massive availability of investment platforms and accelerators, which can help a new business in London grow. These include TechStars, Crowdcube and Shell Livewire.

If you are looking to set up a new company in the UK, or diversify some of your operations by expanding your current business from overseas into the UK, then London is a good place to look. This is especially true for tech companies. There is a ready supply of workers and customers in one of the world’s most international cities. Brexit may well be on its way, and casting a shadow over the UK economy, but the opportunities to thrive in a city like London are still there to be grasped.

With years of experience helping foreign tech startups establish in the UK, Goodwille can help you with everything you need to succeed on the UK market.
Get in touch with us today if you need any advice or help with your company expansion.


Are you worried about what impact Brexit might have on your future possibilities to do business? We have consolidated everything you need to know about Brexit on our Brexit Tracker. The Tracker is updated as discussions go along, so it’s always up to date with the most recent progress of the Brexit negotiations. You find the Brexit Tracker on goodwille.com/brexit.

4 askelta laajentuessa Iso-Britanniaan

Don’t read Finnish? Read this post in English here. 

Iso-Britannia on kiinnostava kohde kansainvälisestä laajentumisesta kiinnostuneille yrityksille – se on tunnetusti täynnä mahdollisuuksia ja markkinapotentiaalia. On kuitenkin tärkeää olla tietoinen monista säännöistä ja sitoumuksista, jotka tulevat uuden markkinan mukana. Tämä artikkeli käsittelee neljää asiaa, jotka yritysten tulee ottaa huomioon aloittaessaan liiketoiminnan Iso-Britanniassa.

Askel 1 – Liiketoiminnan perustaminen

Yksi ensimmäisistä päätöksistä perustaessa yritystä Iso-Britanniaan koskee laillisen yhtiömuodon valintaa. Alla on lueteltu tyypillisimmät tavat aloittaa toiminta Iso-Britanniassa. Yhtiömuodon valinta riippuu yrityksen toimialasta sekä suunnitelmista uuden markkinan suhteen. Valitessaan sopivinta tapaa yrityksen perustamiselle, on hyvä tutustua vaihtoehtojen laillisiin eroihin, verotusrakenteisiin sekä muihin vaikuttajiin. On järkevää kääntyä asiantuntijan puoleen tarvitessaan lisätietoa mahdollisten yhtiömuotojen eroavaisuuksista, niiden hyöty- ja haittapuolista sekä kuinka valita liiketoimintamalli, joka sopii yrityksen rakenteeseen sekä strategiaan.

  • Osakeyhtiö (Limited Company)
  • Sivuliike (Branch office)
  • Yhteistyökumppanuus paikallisen toimijan kanssa (Partnership)
  • Toiminimi (Sole trader)
  • Paikallinen jakelija tai edustaja (Distributor or agent)

Voit rekisteröidä yrityksesi sähköisesti, mutta on tärkeää huolehtia, että kaikki yksityiskohdat hoidetaan oikean mallin mukaisesti ja vaatimukset raportoinnin ja kirjanpidon suhteen ovat otettu huomioon. Jos kaupankäynti Iso-Britanniassa ei ole sinulle tuttua, etkä tiedä miten toimia yritysrekisterin (Companies House) ja lakisääteisen arkistoinnin suhteen, suosittelemme, että käännytte asiantuntijan puoleen. Goodwillen Yrityslakipuoli työskentelee näiden asioiden parissa päivittäin ja auttaa sinua yrityksesi perustamisessa.

Askel 2 – Pankkitili

Pystyäksesi tehdä mitään rahansiirtoja, yrityksen tulee avata pankkitili Iso-Britanniaan. Avatakseen yritykselle tilin, pankkien tulee käydä läpi pitkä prosessi rahapesuun liittyvien vaatimusten tarkastamiseksi. Pidä siis huoli, että sinulla on aikaa ja kärsivällisyyttä tähän vaiheeseen. Jos sinulla on pankkitili yrityksellesi kotimaassa, tarkista onko pankillasi toimintaa Iso-Britanniassa. He pystyvät mahdollisesti nopeuttamaan pankkitilin avaamisprosessia, sillä tämä voi lisätä yrityksesi luotettavuuden tasoa.

Jos pankkitilin avaamiseen menee suunniteltua kauemmin ja yrityksen tulee nopeasti tehdä rahansiirtoja, Goodwille voi tarjota yritykselle asiakastilin, jota voi käyttää väliaikaisesti maksuliikenteen hoitoon, kunnes yritykselle on avattu oma tili. Ota yhteyttä Goodwillen Rahoituspuoleen saadaksesi tästä lisätietoa.

Askel 3 – ALV

Voit rekisteröidä yrityksesi Iso-Britannian arvolisäverotukseen (VAT). Yrityksen täytyy rekisteröityä Iso-Britannian arvolisäverojärjestelmään, jos sen verotettava liikevaihto 12 kuukauden ajanjaksolla on £85,000 tai sen yli. Tämän rajasumman on sovittu pysyvän samana ainakin kaksi vuotta 1.4.2018 lähtien.

Nykyinen arvonlisävero Iso-Britanniassa on 20%, joka on käytössä useimmilla tuotteilla. Joidenkin tuotteiden ja palveluiden ALV on 5% ja jotkut eivät sisällä sitä ollenkaan, joten pidä huoli, että käytät yrityksellesi sopivaa arvoa!

Askel 4 – Työntekijät

Kun yhtiö, pankkitili ja muut rekisteröinnit ovat kunnossa, seuraava askel on työvoiman palkkaaminen. Työllistäessään työntekijöitä Iso-Britanniassa ensimmäistä kertaa, yrityksen tulee ottaa huomioon useita tärkeitä asioita – riippumatta siitä, työllistätkö ihmisiä yrityksen kotimaasta vai Iso-Britanniasta.

  • Yksi vaihe, jota pidetään useasti itsestäänselvyytenä, on tarkistaa, ovatko työntekijät oikeutettuja työskentelemään Iso-Britanniassa. Yrityksen tulee varmistaa, että työntekijöillä on Iso-Britannian tai Euroopan Unionin passi, tai heillä on työlupa tai viisumi.
  • Kaikki yrityksen työntekijät Iso-Britanniassa toimivat Iso-Britannian lakien mukaisesti. Tästä syystä on tärkeä huolehtia, että kaikki työsopimukset noudattavat Iso-Britannian työllisyyslakia. Sopimukseen tulee sisällyttää työntekijän tehtävät, vastuualueet, oikeudet ja ehdot.
  • Yrityksen tulee rekisteröidä työntekijä PAYE – järjestelmään (Pay-As-You-Earn – työntekijän kulut, sisältäen tuloveron ja kansallisen vakuutuksen, jotka työnantajan tulee maksaa HMRC:lle) ja huolehtia kaikki tarvittavat vakuutusasiat kuntoon.
  • Pidä huoli, että maksat työntekijällesi vähintään kansallisen vähimmäispalkkauksen mukaisesti ja tarjoat vaadittavat etuudet työntekijän tehtäviin nähden. Voit löytää yleisiä asteikkoja palkkatasoille sekä muille eduille, riippuen esimerkiksi yrityksen toimialasta ja työntekijän kokemuksen määrästä. Näitä arvoja voidaan käyttää ohjenuorina, miten pitää palkkauksen taso kiinnostavana ja kohtuullisena, tarjoamatta ’liian paljon’ tai ’liian vähän’.
  • Työntekijät tulee rekisteröidä työpaikan eläkejärjestelmään. Työnantajan täytyy automaattisesti rekisteröidä kaikki työntekijät eläkejärjestelmään kolme kuukautta työsuhteen aloittamisen jälkeen. Työntekijöiden tulee itse jättäytyä pois järjestelmästä, jos he eivät halua kartuttaa työstä kertyviä eläkeansioita.

Tarjoamme tukea henkilöstö- ja palkkahallinnossa ja voimme auttaa sinua kaikissa työsuhdeasioissa, liittyivät ne sitten työsopimuksiin, työsuhde-etuihin, eläkejärjestelmään tai palkkaukseen. Ota yhteyttä Henkilöstöhallintopuoleemme, jos sinulle herää mitään kysymyksiä.

Yhteenveto

Edellä luetellut asiat saattavat vaikuttaa itsestäänselvyyksiltä, mutta monesti kaikki ei sujukaan niin helposti kuin luulisi. Yrityksen tulee olla tietoinen monista säännöistä, laeista ja määräyksistä välttääkseen mittavat sakot tai pahimmassa tapauksessa jopa oikeustoimet.

Goodwille on auttanut ulkomaisia yrityksiä Iso-Britanniassa jo 20 vuoden ajan ja voi tukea sinua kaikessa mitä tarvitset uusilla markkinoilla. Olemme toimineet jo noin 2000 yrityksen kanssa, joten meillä on tarvittava kokemus ja tieto onnistuneeseen uuden markkinan valloitukseen.

Ota meihin tänään yhteyttä, jos sinulla on mitään kysymyksiä liittyen liiketoimintaan Iso-Britanniassa tai kun haluat tietää lisää, miten voimme auttaa yritystäsi Iso-Britannian markkinoilla.

Launch in London – London Tech Week 2018

London Tech Week is getting closer, and so is our event Launch in London! We have a great outline of speakers, lots of interesting people signed up and a superb location boiling of creativity and entrepreneurship so we are certain that this will be one of the highlights of London Tech Week 2018!

There are still some free tickets left, but since capacity is limited we advise you to grab yours as soon as possible!

ABOUT LAUNCH IN LONDON

Join us on 14 June for Launch in London – London Tech Week’s hottest event for any business establishing in the UK!

Hosted by Goodwille at Level39, one of the world’s most well renowned and connected tech hubs, Launch in London will provide you with everything you need to succeed with your business in London. Get inside tips on the Do’s and Don’ts when starting up in the UK, how to navigate Brexit, the British business culture and how to grow your network with the right people, all while overlooking London’s skyline.

This is THE event for startups, entrepreneurs and businesses looking to establish in London, as well as for mentors and advisors helping tech businesses succeed on London’s tech scene.

SPEAKERS

Alexander Goodwille, CEO of Goodwille will share the best tips, and the pitfalls to avoid when starting up in the UK.

Mark Leaver, Creative Industries Specialist of DIT – Department for International Trade will discuss why despite Brexit, the UK is still very much open for business and why you should start your business in London during 2018.

Joanna Dodd, Director of Rochester PR will share helpful insights on marketing, PR & how to get connected with the right people in the UK.

Joanna Smit, Owner of SMIT Training will help you understand the British people and culture and provide you with the intercultural skills you need to make your transition in to the UK market.

The seminars will be followed by a Q&A session, drinks, canapes & networking (plus opportunities for panoramic photographs of London!).

EVENTS DETAILS

Date: Thursday 14 June 2018
Time: 10am-1pm
Location: Level39, One Canada Square, Canary Wharf, London E14 5AB
Free entry


If you have any questions about the event, get in touch with our Marketing Manager James Service on james.service@goodwille.com or 020 7795 8100.

How did Helsinki reach start-up stardom?

Scandinavia has held a certain chic popularity throughout the rest of Europe for a number of years now, from the Hygge craze to the Swedish and Finnish bakeries popping up around the country, it seems that the UK can’t get enough of Scandinavian culture.

As well as being ahead of the curve on baked goods, Finland have also been excelling in the start-up scene. Over the last five years, Finland has seen at least a one-billion-dollar exit from its start-ups per year, with start-ups in a wide range of fields – from tech to design and education – making their mark globally. Despite being a nation with a population of just under 5.5m, considerably less than that of even London, Finland boasts 10% of the world’s start-up exits.

An up-and-coming tech giant

While Helsinki doesn’t yet compare to the success of Stockholm in the field of technology, they’re not doing too shabbily. They’re home to a number of mobile developers who have created internationally loved mobile games including Rovio, who developed the insanely popular Angry Birds and Supercell, developers of Clash of Clans.

Helsinki also boasts a myriad of tech start-ups that, despite being far from household names just yet, are already proving their worth and ingenuity in their respective fields. Nordic JustEat equivalent Wolt has already expanded from Helsinki to Stockholm and Copenhagen in the past year, and smartphone manufacturer Jolla, founded by ex-Nokia staff – another Finnish tech giant – is making waves and raised $12m in a Series C round last year.

Why Finland?

Finland’s success within the start-up scene over the past decade can at least in part be attributed to a government which supports start-ups while also giving them freedom and independence. Finnish business policies include public support campaigns, dedicated mentor programs and a funding agency for innovation known as Tekes.

Finland is also quick to think internationally. With such a small workforce available at home, Finnish start-ups are some of the first to look outward when business takes off. Helsinki’s super successful start-ups are quick to expand into Europe and beyond, which can quickly catapult these burgeoning businesses to global success.

If you’re looking to expand your start-up business to the United Kingdom, Goodwille can help you with everything you need to get the UK company started and rolling effectively and efficiently. With years of experience helping companies with legal, HR, payroll and financial administration, our team of knowledgeable professionals can guide your UK expansion to success. Get in touch with us today for more information.

Goodwille hosts Launch in London during London Tech Week 2018

Join us on 14 June for Launch in London – London Tech Week’s hottest event for any business establishing in the UK!

Hosted by Goodwille at Level39, one of the world’s most well renowned and connected tech hubs, Launch in London will provide you with everything you need to succeed with your business in London. Get inside tips on the Do’s and Don’ts when starting up in the UK, how to navigate Brexit, the British business culture and how to grow your network with the right people while overlooking London’s skyline.

This is THE event for startups, entrepreneurs and businesses looking to establish in London, as well as for mentors and advisors helping tech businesses succeed on London’s tech scene.

SPEAKERS

Alexander Goodwille, CEO of Goodwille will share the best tips, and the pitfalls to avoid when starting up in the UK.

Mark Leaver, Creative Industries Specialist of DIT – Department for International Trade will discuss why despite Brexit, the UK is still very much open for business and why you should start your business in London during 2018.

Joanna Dodd, Director of Rochester PR will share helpful insights on marketing, PR & how to get connected with the right people in the UK.

Joanna Smit, Owner of SMIT Training will help you understand the British people and culture and provide you with the intercultural skills you need to make your transition in to the UK market.

The seminars will be followed by a Q&A session, drinks, canapes & networking (plus opportunities for panoramic photographs of London!).

EVENTS DETAILS

Date: Thursday 14 June 2018
Time: 10am-1pm
Location: Level39, One Canada Square, Canary Wharf, London E14 5AB
Free entry


If you have any questions about the event, get in touch with our Marketing Manager James Service on james.service@goodwille.com or 020 7795 8100.

Top reasons why the UK is the best place to grow your business

There are several reasons why the UK is the #1 destination for European companies expanding beyond their home market. These are the top reasons why the UK is a good place for doing business and why it should be the next stop on your growth journey.

Business-friendly environment

It is easy to start a UK company, laws and regulations very much encourage doing business, and the tax levels are much lower compared to many other countries. This creates a foundation for your business to succeed without too much bureaucracy and administration from your end so you can focus on growing the business!

Language

As everyone learns English in school these days, you will never face communications issues when doing business in the UK! Being able to communicate with anyone helps in case you ever face difficulties or have questions. And Brits are a very friendly bunch and always keen to help out!

Culture and diversity

The UK is a diverse country when it comes to nationalities and cultures. The diversity is one of the key strengths of the UK that have contributed to the breadth of businesses and opportunities. Coming from outside Britain is definitely an advantage, and playing on your cultural heritage can enhance your brand.

Market size

The UK market is big, but not TOO big. Both B2B and B2C companies, regardless of industry, have all possibilities to thrive. Being one of the main hubs for finance, startups, fashion and manufacturing worldwide, there’s definitely opportunity for your business to succeed without getting lost in the big crowd.

Any questions on the opportunities for your business to succeed in the UK? Goodwille can help make the international move smooth and give you a kick-start on the UK market, get in touch with us today!

3 top tips for expanding your startup to the UK

Although the UK is certainly a land of great opportunity for foreign entrepreneurs, there are a number of important considerations to note for anyone with aspirations to set up a UK company.

Pitching your products and services

No matter how many times you’ve successfully sold your products and services in your home country, when you enter the marketplace in a new location your pitch needs to be tailored to meet local standards. In some cases, a few minor tweaks to your content or format may be all that’s required. However, in some cases, a total overhaul might be necessary to reach your target market.

When researching your new market, be sure to look at potential changes to your pitching early so that you are well-prepared and not taken by surprise by cultural differences.

Build on previous successes

If your product or service has been successful at home, there’s no reason to think that it won’t achieve similar or even greater heights following your overseas expansion. In fact, the more success you have had at ‘home’, the more likely you are to succeed in a new location.

Be sure to capitalise on your successful track record as it will make your UK pitch much stronger.

Choose the right HQ

The location that you choose for your new UK expansion headquarters is very important to your success. There are a number of factors to consider, including whether your business is sales or product driven. You must also research potential talent pools, since recruiting the right staff will be essential to the success of your new venture.

Ease of communication by road, rail and air are also very important aspects of your location to consider, especially if you are intending to commute regularly from your current home base abroad. Logistics are also very important if you have a product to distribute, and locating your business somewhere central to the main motorway network may also be something that is important from both a practical and costings perspective.

In summary

If you are looking to expand your business to the UK, it is essential that you conduct expansive and appropriate research prior to making the move. Goodwille have been helping businesses relocate internationally for many years. Why not contact our helpful team today to find out how we could help make your expansion go smoothly.

Goodwille exhibiting at Welcome to the UK

On 20 February, the event Welcome to the UK will take place in Stockholm, and Goodwille are happy to announce that we will be attending and exhibiting at the event.

Welcome to the UK is the event for any individual or company looking to learn more about expanding to the UK and the business potential of the UK market. As Goodwille have over 20 years of experience helping Swedish businesses expand to and establish in the UK, we are happy to share our experiences with aspiring and growing companies, and look forward to an evening filled with interesting discussions, exchange of ideas and of course helping businesses with answering any questions about doing business in the UK.

If you wish to meet us in Stockholm and hear more about how we can help your business establish on the UK market, send an email to johanna.bjarschfollin@goodwille.com.


The event is hosted and organised by the Swedish Chamber of Commerce for the UK, Stockholm Chamber of Commerce, and the British-Swedish Chamber of Commerce. If you wish to attend the event, sign up here

Setting up a UK company: How many shares should the company issue?

Setting up a private company limited by shares is one of the most common ways to start a business or expand a business into the UK. However, the law relating to shares in the UK and share capital can be complicated, so it is important to understand your options when it comes to initial share issue. The right number of shares initially issued to shareholders will depend on your specific circumstances, and this post looks at some of the main things you may wish to consider when deciding how many shares are right for your circumstances.

What is the purpose of initial share issue?

The purpose of issuing shares at the beginning of the company, is to raise capital. For example, if three people wish to start a company, investing £10,000 each at the outset, the simplest way for this to be represented is for the company to issue £30,000 shares at £1 each. However, this is not the only method of raising money for the company.

Alternatively, the company may issue only 3 shares at £1 each, and the company founders can lend the £10,000 each to the company. Under each of these circumstances, each shareholder owns one third of the company, and they will have the same voting rights and powers within the company. For many businesses, both methods are suitable. But, there are certain legal, practical and taxation issues which may make one method preferable over the other.

When the £30,000 is locked into the company as share capital, it is more difficult to get this money back out of the company in comparison to when the company is given a loan. Where a company is loaned the money from the shareholders, the money may be repaid at any time. Furthermore, if the company becomes insolvent, the shareholders may claim the money lent as creditors in any insolvency proceedings. However, share capital is important when the company is seeking finance from lenders, investors and other business contacts. In particular, banks wish to see that share capital is ‘locked in’ to the company, and that it has substance.

There are many things to consider in relation to share issue when setting up a UK company. To get it right and make sure you do the best for the specific circumstances of your company, get in touch with our experts today for advice.

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