doing business in uk
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Doing business in UK
By MIKUS LOSNS
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DOING BUSINESS in
UNITED KINGDOM England
Scotland Wales
Northern Ireland
by MIKUS LOSNS
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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
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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
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Biggest cities in UK
London - 7,556,900
Birmingham - 1,010,200
Leeds - 761,100
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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)
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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
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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)
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Median Salary by City
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Median Salary by experience
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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%
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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
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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%*
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Office prices
Ask to Mikus
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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%
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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
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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
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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
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Now Im open to your questions
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TH
ANK YOU FOR YOUR ATTENTIONi hope this presentation was useful and interestingfor you