Despite being divided by a common language there are shared cultural roots, which make the Anglo-American relationship important both economically and politically, and thus the UK the obvious choice (despite the emerging issues of Brexit) for US companies to establish their first European subsidiary.
The Magna Carta sealed in 1215 is more than just a peace treaty between the quarrelsome and unpopular King John of England and a group of rebel barons, it is the first embodiment of civil rights and a major influence in the development of the American Constitution.
The Magna Carta was sealed in Runnymede a stone’s throw from Isosceles’ Head Office in Egham.
‘Britain Open for Business’
For good reason, the UK is, and has been for quite a few years now, the number one destination in Europe for foreign direct investment in digital tech projects but what makes the UK such an attractive proposition for a US tech company when it comes to establishing a European subsidiary?
- UK is the 2nd largest economy in Europe, 6th in the world.
- Technology investment in the UK soared in 2020 to over $15bn – more than France and Germany combined.
- The UK government is taking active and positive steps to position the UK as an international hub for tech companies who are looking to thrive, innovate and grow.
- The ready availability of a world-class and highly skilled workforce; the UK has three of the world’s top 10 universities – second only to the US.
- The Tech Nation Visa, which enables the brightest and best tech talent from around the world to come and work in the UK’s digital technology sector.
- The UK’s Corporation Tax of only 19%, is one of the lowest in Europe. Compared to France at 28% and Germany at 30%.
- R&D tax incentives which enable companies (depending on their size and circumstances) that incur costs in developing new products, processes or services to receive a cash payment or tax deduction.
- The Patent Box which allows companies to apply a reduced rate of 10% Corporation Tax if it exploits patented inventions and innovations.
- Excellent quality of life for US business executives and their families. The UK provides a range of housing options, a public and private health service, a public and private education system as well as a diverse and rich range of sporting and cultural activities.
- Inexpensive and easy access to the rest of Europe.