Bally Chohan Review about Overseas Companies Setting up in the UK

Bally Chohan reveiwed that the World Bank’s recent ranking of the UK as the number one country in the EU and G8 for ease of doing business, the UK is clearly an attractive destination for overseas companies looking to establish a business presence in Europe.

We have outlined below our top ten tips for overseas companies looking to expand their business into the UK.Choose your type of business presence

There are a number of different ways in which overseas companies can establish a business presence in the UK. Often this decision will be driven by a varietyof factors (including tax) but some of the options available are:set up a branch or place of business in the UK;appoint an agent or distributor;.Corporate structure

Depending on the type of business presence chosen, the constitutional/ governance documents of the business should be in place from the start.

This includes, in the event that a limited liability company is incorporated, a set of articles of association and potentially a shareholders agreement to govern the relationship between the company’s shareholders.

If it is the intention to appoint a commercial agent, then the Commercial Agents Regulations 1993 must be considered when drafting the agency agreement.