Doing business in the UK – what German businesses need to know 

Even after Brexit, the UK remains an important trading partner to Germany. But the general conditions are in many ways new.  With the UK’s departure from the EU, much has changed for investors and those founding companies.

Key points in brief

  • British manners are still very important. The proper etiquette must be observed – particularly in business.       
  • The United Kingdom is no longer a part of the EU. This means other rules now apply to trading. For employees posted there, visas and residency permits are needed.       
  • Tax and legal aspects always play an enormous role in M&A, green-field investments and other deals. We are a member firm of Grant Thornton International Ltd – our local experts will take care of your legal security.
  • The UK also has reporting and compliance obligations. Our experts in the country know what you need.

Trade by way of history 

The strongest trading relations exist between the automotive industry, engineering and the chemical industry. These links are based on a common industrial background and the automotive tradition of both economies. Furthermore, the financial sector plays an important role in relations between the UK and Germany. British and German banking are tightly interwoven and lead the market in the development of innovative fintech start-ups. We create direct connections between Frankfurt and London. 

Challenges and solutions 

The challenges to deals, transactions or founding companies in the UK are above all to be found in infrastructure. Much remains to be optimised across the Channel, which means there is a lot of potential. The UK nevertheless remains an attractive location, not least because of the local love of innovation. We are a member firm of the Grant Thornton network – with us at your side, you’ll profit from our experts in the country. 

We’re there when you need us and provide advisory in the following areas:     

  • Acquisitions, founding companies and other deals     
  • Tax and legal issues in all areas       
  • Taking on outsourcing services (bookkeeping, payroll accounting, etc.)     
  • Data security and eDiscovery issues     
  • Planning, documenting and defending appropriate transfer price structures, and     
  • Annual audits under international standards and audit-related advisory services, e.g. accounting issues.

Contact us with no commitment on your part.

Are you planning to venture into the UK? Or are you already operating there? Do you, as a German business, need advice on the best way to do business in UK? Our contacts Thorsten Schrimpf, Mechthild Pietrek and Matthew Harrison have excellent contacts in British business circles and the relevant institutions. Take advantage of their expertise and feel free to contact them with your questions with no commitment.

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