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A Guide to Importing, Exporting and Doing Business in UK

Uk business

A Guide to Importing, Exporting and Doing Business in UK

Importing, exporting, and freight business opportunities in the UK are very lucrative, and investors across the globe are finding the UK a profitable location for business. In fact, the country is both one of the biggest exporters and one of the biggest importers in the world.

Importing into the United Kingdom has been made simpler over the past few years. There are very few import licensing controls, with the exception of those relating to issues of security, health and other critical areas such as public safety. Businesses based in countries that are part of the European Union (EU) have a preferential system when it comes to customs duties and other fees applicable during the process of importing goods into Britain.

One of the criteria for the proper export of goods from the UK is that the Customs Department has to be provided with an exports declaration. Export documentation such as the contract details, invoice, consignment paperwork, itemisation of goods, and evidence of payment are needed to fulfil VAT regulations. The New Export System (NES), a computerized system that is in place in the UK now has simplified export procedures. This has made export into the country a smooth and speedy process, particularly if no specific licenses, permits or other documentation are required to declare the items. However, the specific requirements with regard to excise, duty and VAT should be strictly complied with.

Business in the UK can be conducted with profitable results, especially if work efforts are made while keeping British culture and etiquette in mind. For instance, the people of the United Kingdom can be quite formal in business relationships, and a good deal of importance is given to position. Punctuality is extremely important in business and business attire leans towards the conservative. The British tendency of understatement should be understood as well; this can be misleading for someone unfamiliar with the ways of communication here.

An understanding of British way can go a long way towards making business successful here, and the returns on investment will be well worth the efforts.

Many organisations and individuals have discovered the advantages of setting up a business in the UK. This can be done remarkably fast as World Bank statistics show that a business can be up and running in just thirteen days within this country. Therefore, it is not surprising to note that the UK is one of the most popular places in the world, as far as conducting freight business of any sort is concerned.

Interested also in doing business in Italy? Learn also about the Industrie Paris for one of the top innovation events on the European calendar.

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