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If you are an overseas business considering expanding your trading operations into the UK there are a number of issues you will need to consider. Some of the key ones are likely to be:-
If you do decide to go it alone, another important consideration is how to structure your UK operations: should you operate through a branch or set up a subsidiary company?
If you set up a subsidiary company it will have a separate legal identity to your overseas parent company, meaning that there are likely to be different tax consequences. For example, you may find it easier to set-off any losses made or expenses incurred in setting up your UK business if you trade through a branch to begin with, and incorporate a UK company as a subsidiary once the UK business is established. In contrast, UK resident third parties, such as banks, suppliers and customers may find it easier to deal with a UK subsidiary.