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Developing & Expanding Your Business In T he UK. Tam Latymer 21 st March 2013 tam@latymerchambers.com. Background . Concept ‘Widening Access to Legal Services Market’ Legal Services Partners Established Law Firms Teamed up with ‘Leading Experts in UK in relevant areas of Law’
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Developing & Expanding Your Business In The UK Tam Latymer 21st March 2013 tam@latymerchambers.com
Background • Concept • ‘Widening Access to Legal Services Market’ • Legal Services Partners • Established Law Firms • Teamed up with ‘Leading Experts in UK in relevant areas of Law’ • Legal Services • ‘Bespoke Legal Services Package’ • Providing legal services across the board to cater for your specific requirements Looking after your interests in the short term and long-term
Corporate Immigration • Underlying Theme • Metamorphosis • Natural Evolution • To assist and enable the natural growth of your Business
Clients • SME’s – Small Medium Enterprise • National / International • Multinational
Purpose • Our sole and main purpose is to assist existing businesses in Egypt • To extend their business interests to UK shores • To create and harness their business presence in the UK
Overview of Services • Immigration Law • Corporate Set Up • Tax Structures • Employment Services • Real Estate • Commercial & Residential
Immigration Tier 1 – Application Investor Visa Criteria 1 – £1 Million pound investment in regulated UK financial institution in form of shares / bonds /loan capital 2- £5 Million pound investment in regulated UK financial institution in form of shares / bonds /loan capital 3 -£10 Million pound investment in regulated UK financial institution in form of shares / bonds /loan capital
Immigration Cont… Tier 1 – Application Entrepreneur Visa Criteria • Invest £200,000 in active and trading UK business • Create employment for at least 2 settled workers
Immigration Cont … Leave to Remain Business Owners applying through investor visa / entrepreneur visa route can apply for Indefinite Leave to Remain – ILR Investor Visa: 1 -£1 Million pound investment can apply for ILR after 5 years from date of initial application 2 -£5 Million pound investment can apply for ILR after 3 years from date of initial application 3- £10 Million pound investment can apply for ILR after 2 years from date of initial application
Immigration Cont … Leave to Remain Business Owners applying through investor visa / entrepreneur visa route can apply for Indefinite Leave to Remain – ILR Entrepreneur Visa 1.£200,000 and employment for 2 settled workers– ILR after 5 years 2. OR Employment of 10 settled workers OR Turnover of £5 Million pounds in total over 3 year period – ILR after 3 years
Corporate Set Up • Set up of UK Branch or Subsidiary • Shareholders Agreement • Partnership Agreements • Incorporation of Limited Company
Tax Structures • Appropriate Tax Structures • Can advise and assist in relation to putting in place the right and appropriate tax structures to fit in with nature of your business and your requirements • Limited Company – Corporation Tax • Annual Profits up to £300,000 20% • Annual Profits £300,000 - £1.5 Million 25% • Annual Profits £1.5 Million and above 24% • Inland Revenue/HMRC • Aim to introduce flat rate 20% effective 1st April 2015 • On Shore Tax Structures • Minimising Tax Liability • Off Shore Tax Structures
Employment Services • Key things for Employers to consider: • Employment Contracts • Service Agreements • Employee Relations • Employment Policies • Compliance • Health & Safety
Real Estate • Conveyancing undertaken through Legal Services Partners • Commercial Premises • Drafting and Advising on Commercial Leases • Residential • Wills and Succession
Summary Working in Partnership with You Would like to be your trusted Partners Laying foundation for and cementing our business relationship Helping you to move forward with the expansion of your business Helping you to achieve the business structures you require Relying on us to deliver the results you and your business strive for Helping your business to complete ‘Metamorphosis’ and transform into a Butterfly! tam@latymerchambers.com