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UK South African Chamber of Commerce SA


Available Online

UK South African Chamber of Commerce SA Chapter leader: David White

  • 30 minutes
  • Wedge Road|Underwood Road

Service Description

OUTH AFRICAN BUSINESSES EXPANDING INTO THE UK Changes to the British economy, primarily as a result of Brexit, have created a new immigration system in the country. This has created new opportunities for South African business owners to expand into the United Kingdom and live in the country. According to Darren Faife, managing director of business immigration at Sable International “Now, under new rules, senior employees/owners can come to the UK to oversee the start-up of a new branch of a business”. Utilising an Employer of Record like Procorre Global can prove exceptionally useful to expedite this expansion process further. Employer of Record providers can allow businesses to expand their operations without setting up a business entity; they cover taxation and visa requirements, and can even assist with recruitment within the UK, providing access to its diverse talent pool. As a high-performing economy with English as its primary language, it’s no wonder that the UK holds such high appeal for South African businesses looking to expand. Easy access to trade in Ireland and the European Union also enhances the appeal of this unique country. IMPACTS OF COVID-19 Following the COVID-19 pandemic, flexible (or ‘hybrid’) working patterns have been largely adopted by organizations across the country. Most office workers have resorted to working from home for a few days during the week, and other days in the office. The UK Government’s furlough scheme (which ended in September 202), provided financial support for employees who were out of work. Since the end of this scheme, the UK job market has hit a record number of new vacancies, with numerous businesses experiencing unprecedented growth. THE BRITISH ECONOMY – FAST FACTS · In 2020, the UK amassed 6 million private sector businesses · Forbes has reported that there are 126 UK companies with the potential to become ‘unicorn’ businesses · As of 2021, the UK’s corporation tax rate stands at 19%. Lower than most other major European economies including Germany, France and Italy · The British GDP stands at around 2.7 trillion USD as of 2020


Contact Details

  • 4 Wedge Road, Dawncliffe, Westville, South Africa

    0832629529

    adlam@icon.co.za

  • 71 Underwood Rd, Hatton Estate, Pinetown, South Africa

    0832629529

    adlam@icon.co.za


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