Opening a Business in London
As a world-renowned center of business and finance, the city of London has been a global hotspot for entrepreneurs looking to open up a presence. In recent years, London has been targeted by startups for its favorability to businesses and the various networking opportunities among the city’s diversified industries. Those who are looking to start a business have stiff competition, but also unparalleled opportunity. Nearly 80% of the enterprises in London are considered “micro-businesses,” or those with up to 9 employees, that have taken a lean approach to gaining access to the city’s vast wealth and trade. And of those businesses, the survival rate has been also high, with nearly 40% of businesses operating still doing business years later. Of course, if you’re a foreign national looking to establish a business presence in London, you should know that Brexit has caused more stringent regulations to be imposed — with an outlook that has been perceived as both positive and negative t...