London’s rates will never be any cheaper. That’s common knowledge since the news that rental all over the UK is expected to rise by 15% in 5 years and by 2% in 12 months broke out three months ago. So, if you’re looking to open up an office somewhere in London, you should ask property experts like Gerald Eve. Gerald Eve’s London knowledge will help you to get expert advice on your business decisions. However, don’t expect that you’ll find something cheap. Rents all over the UK are rising after all.
Despite that, there’s a massive advantage in opening up your office in London. There’s a reason people all over the world flock to London to work, and it’s not just because it’s the biggest city in the UK. London is the best place to set up a globally-competitive business.
The bridge of Europe and the Middle East to America
The UK sits in the middle between the US, Europe, and the Middle East, and thus London makes an excellent hub for businesses trying to compete on a global scale. Even better, the UK’s daylight hours overlap with the US and Europe, more than other European cities. This means that communication between your partners in Europe and America is much easier to maintain and meetings with them don’t have to happen during odd hours.
As the hub between the US and Europe, London is very accessible. If you need to fly to the US or Europe to conduct business having your HQ in the UK makes it even easier.
The places and the people
London is a city with limitless possibilities and limitless possible business opportunities. To the north, a place where non-tech start-ups can thrive. Office spaces are plenty as well as emerging micro-businesses. East London is the home of digital and manufacturing businesses. To the south lies South London, and Croydon, the “Silicon Valley” of the UK. And to the west is the home of fast-growing businesses and big firms like SAP, GlaxoSmithKline, and Cisco. In the middle lies the tech and financial heart of London, which rivals the big cities of the US.
London is also populated by more than 8.8 million people, of which an average of around 45 per cent to 50 per cent are skilled workers. It is full of young talented people who are eager to prove themselves to the world.
What you need and what you can get
Of course, you can’t just go to London and open up shop there; there are requirements, like getting a visa for overseas investors. You’ll also need to open a bank account in the UK to make transactions between you and your clients easier.
Once you’re done with all the requirements, you can start preparing to become a globally competitive company. Find the best location for your business, hire the right talent for your team, open that perfect office you always dreamed of, and grab that opportunity to partner up with huge business start-ups and big industry players. Welcome to London.