December 26, 2022
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You can trade in the UK from UAE, don't let anyone tell you otherwise!
When you’re starting out in the UK, it’s important to have a UK address. That way, you can easily get a bank account, open an online trading platform and make payments.
There are two options when it comes to getting a UK address:
The first thing you need to do is choose a bank that is used by your target market. There are plenty of banks in the UAE, but not all of them offer services to expats. The ones that do will have branches and ATMs in Dubai and Abu Dhabi, which are where most foreigners live. If you don't live in either city, it might be worth looking at one of those banks anyway—many have web and mobile banking services that allow customers to access their accounts remotely no matter where they are located.
To help you decide which one is right for you, here's our list of top UK banks operating in UAE:
To trade in the UK from UAE, you will need to do some groundwork. This is because:
You need to register your business with Companies House, which will be your official legal identity in the UK. You'll also need to register for VAT and corporation tax if you're going to be trading there. If you're hiring staff, you have to register for PAYE as well.
Having a local phone number is important for many reasons. Firstly, it’s essential to register on a directory, which you can do via an email or fax. You also need to ensure that you have a local address and bank account. The latter means that the bank needs proof of residence. A utility bill or rental agreement would be sufficient.
Additionally, if you have any businesses currently running in the UK, it’s best to use an accountant who has experience with trading online from abroad as they will be able to advise you on how best to set up your new business and make sure everything runs smoothly with HMRC (Her Majesty's Revenue & Customs)
VAT (Value Added Tax) is a sales tax that's taken at each stage of production and distribution. It’s usually added to the final price of goods and services. The EU has a single VAT rate for all member countries—20%. If you buy goods from the UK, you don't need to pay any more taxes on them than if they were bought in the UAE. However, if you sell goods or services in England, Scotland or Wales (which are all part of Great Britain), then it's important that you register for VAT as soon as possible.
Registering for VAT means filing an application with HMRC (Her Majesty's Revenue & Customs), which will assign your business an official number and issue a tax code that must be included on every invoice issued by your company. You'll also have to account for any output tax collected from clients as well as input tax paid on purchases made by your business—this is called balancing your books at year-end.
When you’re planning your marketing and social media strategy, it’s important to start out by asking yourself the following questions:
You can trade in the UK from UAE! There are many ways to do it and we will cover them all here. The first step is deciding which method you want to use, so let's take a look at each one individually:
If you're looking to start trading in the UK from UAE, then meet with wamo. You can register just in 10 minutes and open your company in the UK just in 2 days. No paperwork, no hassle. For more information, check wamo website. You can register easily with wamo application. Download the wamo app from Google Play or App Store.
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© wamo 2022, all rights reserved wamo & the wamo logo are trademarks and trade names of wamo technology Limited and may not be used or reproduced consent of the owner