Doing business in UK

By MIKUS LOSĀNS
 DOING BUSINESS in
UNITED KINGDOM

• England
• Scotland
• Wales
• Northern Ireland

• by MIKUS LOSĀNS
 Structure of presentation
• Population • Tax rates
• Biggest cities • Legal forms of business
• Tourism organizations
• Median salary, Minimal • Office prices
salary • Structure of population
• The structure of • Business consultants
consumption • Institutions
expenditure • International raitings
• UK unemployment rate
 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

 Biggest cities in UK
• London - 7,556,900
• Birmingham - 1,010,200
• Leeds - 761,100
 Extra demand or TOURISM
in 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)
 How rich is the market?
number of taxpayers (thousands) in 2005

£4745 - £6000 1,440 £20,000 - £30,000 6,000

£30,000 - £50,000 4,090

£6000 - £7000 1,160
£50,000 - £70,000 859
£7000 - £8000 1,590
£70,000 - £100,000 410
£8000 - 10,000 2,950
£100,000 - £200,000 300
£10,000 - £12,000 2,760
£200,000 - £500,000 89
£12,000 - £15,000 3,650 £500,000 - £1Million 16
£15,000 - £20,000 4,950 Over £1Million 6
 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 TO
SPEND IN UK.

• Minimal salary - £920 (1.8% received salary

like this in 2005)
Median Salary by City
Median Salary by experience
 The structure of consumption
expenditure in 2009
Food 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%
The structure of expenditure
Food and non-alcoholic beverages

Alcoholic beverages, tobacco and narcotics

Clothing and footwear

Housing, water, electricity, gas and other fuels

Furnishings, household equipment and routine

maintenance of the house

Health

Transport

Communications

Recreation and culture

Education

Restaurants and hotels

Miscellaneous goods and services

 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%*

Legal forms of business organizations

• Sole Proprietorship
• General Partnership
• Limited Partnership
• Limited Liability Company (LLC)
Office prices

• Ask to Mikus 
 The greatest competitors
In my opinion

Religion Number  %
Christian 42,079,000 71.6%
Muslim(2.4 million) 1,591,000 2.7%
Hindu 559,000 1.0%
Sikh 336,000 0.6%
Jewish 267,000 0.5%
Buddhist 152,000 0.3%
Other religion 179,000 0.3%
Not stated 4,289,000 7.3%
No religion 9,104,000 15.5%
Total religious 45,163,000 76.8%
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 

 Primary institutions for a new
enterprise
• Where to register?
– Companies House www.companies-house.gov.uk

• Where to pay taxes?

– Internal Revenue Service
http://www.hmrc.gov.uk/index.htm
 Last question:
HOW TO START MY BUSINESS?
• List of Procedures starting a business:
1. Check name for uniqueness at the company names
index 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, or
a solicitor)
3. File incorporation documents with the Registrar of
Companies at the Companies House
4. Contact the Inland Revenue (HMRC) and register for
VAT with Customs and Excise
5. Contact the Inland Revenue (HMRC) and register for
PAYE
6. Sign up for employer’s liability insurance
Now I’m open to your questions
THANK YOU FOR YOUR ATTENTION
i hope this presentation was useful and interesting for
you