E-commerce (electronic commerce) is the buying and selling of goods and services primarily on the Internet.
There has been a recent rise in the number of European entrepreneurs looking to enter the UK e-commerce market by trading on Amazon. The UK currently has one of the world’s largest and most mature e-commerce markets in Europe. To take advantage of the high levels of online consumer spending there has been a recent increase in the set-up of UK companies by overseas officers.
Unlike some European countries, the UK is known for its straightforward business set-up. The bureaucratic and legal hurdles for company set-up are far simpler, meaning a company can be ready to commence trading relatively swiftly. Duport has designed the perfect product in its Compliance Package. This allows the set up of a UK-limited company by directors and shareholders who live overseas by incorporating the required UK registered office address and the full limited company set-up. For more information see Compliance Package
The UK has a well-established legal system that provides strong business protection in areas including intellectual property rights which can be crucial for e-commerce businesses building a brand. Similarly, the UK tax system is quite favourable for corporate taxation. An advantageous tax system is always important for any business looking to boost its profits.
Amazon has a particularly widespread infrastructure in the UK, including more than 20 fulfilment centres. They make distribution and logistics much simpler for any business using the Fulfilment by Amazon (FBA) service. Having your product already at an Amazon fulfilment centre with their delivery allows your product to be delivered quickly to your UK customers.
Having a UK-based company allows the business to use its UK base as a stepping stone to reach not only UK & European markets but also reach across into North American markets. Similarly, the UK-based company has the advantage of using English as its primary language. English is understood as the global language for business and can be useful in overall business communications, specifically in terms of marketing and customer care.
Brexit has changed the business landscape; however, some businesses are now beginning to position themselves to take advantage of the new trade regulations in a post-Brexit Europe. The challenges and complexities of post-Brexit trading should be considered carefully in your business plan while setting up an e-commerce company in the UK.
Once you are ready to take the plunge and begin your e-commerce company our Compliance Package can take care of the full company set up including the UK registered office address.
