Essential Steps For Expats To Launch A Business In The Uk

Launching a business in a foreign land is akin to embarking on an adventure, full of excitement, challenges, and the promise of new beginnings. For expats looking to establish their enterprise in the UK, understanding the essential steps becomes a crucial part of this thrilling journey.

From grasping the nuances of the UK business landscape to navigating the labyrinth of legal requirements, each step is a gateway to potential success.

In this comprehensive guide, we delve into the vital aspects that expats need to consider when setting up shop in the UK. From deciphering the tax system to understanding cultural differences, and securing necessary licenses to financial planning, each section is designed to equip you with the knowledge and insights needed to turn your business dreams into reality.

So, buckle up and prepare to explore the pivotal steps that will guide you on your entrepreneurial path in the UK.

Understanding the UK Business Landscape

The United Kingdom offers a dynamic and sophisticated environment for entrepreneurs looking to launch a business. With its rich history of commerce and innovation, the UK stands as a beacon for expats and local entrepreneurs alike. Let’s delve into the intricacies of the UK business landscape, covering essential aspects such as the taxation system, cultural nuances, and thriving industries.

Key Characteristics of the UK Business Environment

The UK is renowned for its stable economy and business-friendly regulatory framework. These characteristics make it an attractive destination for business ventures.

• The UK boasts a strong legal system that protects business interests and intellectual property.
• A strategic geographical location provides access to European markets despite Brexit.
• The presence of a skilled workforce contributes to high levels of productivity and innovation.
• Infrastructure, including transport and telecommunications, supports business operations efficiently.

Overview of the Taxation System in the UK

Understanding the UK’s taxation system is crucial for expats planning to start a business. The UK has a transparent and structured tax regime that affects businesses in several ways.

• Corporation Tax: As of 2023, the main rate for corporation tax is 25% on profits above £250,000. Small businesses with profits under £50,000 benefit from a 19% rate.
• Value Added Tax (VAT): Most goods and services are subject to a VAT of 20%, with certain items qualifying for reduced rates or exemptions.
• National Insurance Contributions: Both employers and employees are required to contribute, impacting payroll costs.
• Business Rates: These are local taxes on properties used for business, calculated based on the property’s rateable value.

Cultural Differences in the UK Business Environment

Cultural understanding is pivotal when conducting business in the UK, as it influences communication styles and decision-making processes.

• Communication Style: British business communication is generally formal and polite, valuing understatement and diplomacy.
• Decision-Making: Decisions may take time as they often involve consideration and consensus among stakeholders.
• Work-Life Balance: There is a strong emphasis on maintaining a healthy work-life balance, with laws supporting this through measures like statutory holidays and parental leave.
• Networking: Relationships and networking play a critical role in business success, with a preference for face-to-face meetings.

Major Industries and Thriving Sectors in the UK

The UK economy thrives on several key industries, each offering unique opportunities for business ventures.

• Financial Services: London is a global financial hub, a prime location for banking, insurance, and fintech startups.
• Information Technology: The tech sector is robust, with emerging areas in artificial intelligence and cyber security.
• Healthcare: With a focus on innovation, the UK health sector includes pharmaceuticals and biotechnology as significant contributors.
• Creative Industries: Film, music, and digital media are buoyant, supported by a wealth of talent and cultural assets.

Legal Requirements for Starting a Business

Starting a business in the UK requires careful attention to various legal regulations and documentation. Understanding these requirements is essential for entrepreneurs to ensure a smooth setup and compliance with UK laws. This section provides an overview of the necessary legal documents, the registration process, and the implications of different business structures.

Essential Legal Documents for Starting a Business in the UK

When establishing a business in the UK, several key legal documents are essential. These documents not only provide a legal framework for your business operations but also ensure compliance with regulatory requirements.

• Memorandum of Association:This document Artikels the intention of the shareholders to form a company and become members. It is a requirement for any company registration.
• Articles of Association:This document serves as the rulebook for the company’s internal management, detailing how the company will be run and governed.
• Company Registration Certificate:Issued by Companies House, this certificate confirms that your business is officially registered and legally recognized.
• Shareholders Agreement:While not mandatory, this document is crucial for managing relationships and expectations between shareholders.

Process of Registering a Business with Companies House

Registering a business with Companies House is a mandatory step for setting up a company in the UK. This process involves several key stages:

1. Choose a company name that adheres to the naming guidelines set by Companies House.
2. Prepare the Memorandum and Articles of Association, ensuring they are properly drafted to reflect your business operations and governance structure.
3. Complete the IN01 registration form, either online or on paper, providing details such as the company name, registered office address, and details of directors and shareholders.
4. Submit the registration form along with the required fee to Companies House. Once approved, a Certificate of Incorporation will be issued, confirming the company’s legal existence.

Implications of Different Business Structures

Choosing the right business structure is crucial as it impacts taxation, liability, and the management framework. Here are the primary business structures available in the UK:

Business Structure	Implications
Sole Trader	Simple and inexpensive to set up; the owner has full control but is also personally liable for debts.
Partnership	Shared responsibility and resources between partners, but also shared liability for debts and decisions.
Limited Company	Offers limited liability protection, separating personal assets from business liabilities; requires more complex management and reporting.

Advantages and Disadvantages of Each Business Structure

Understanding the pros and cons of each business structure can help in making an informed decision about which one suits your business needs.

Business Structure	Advantages	Disadvantages
Sole Trader	Easy to set up and manage. Full control over business decisions.	Unlimited personal liability for debts. Limited access to capital.
Partnership	Shared responsibility and expertise. Increased resources and capital.	Potential for conflicts between partners. Joint liability for debts and decisions.
Limited Company	Limited liability protection. Easier access to funding.	More regulatory requirements and costs. Complexity in management and reporting.

Securing the Necessary Licenses and Permits

In the UK, launching a business as an expat involves several crucial steps, with securing the necessary licenses and permits high on the list. The type of license or permit required for your business depends largely on the industry and specific activities your business will engage in.

Ensuring you obtain the appropriate licenses is not only a matter of legal compliance but also a step towards building a trustworthy reputation.Understanding which licenses and permits are required for your business can be complex, given the diverse range of industries and activities involved.

From food businesses to financial services, each sector has its own regulatory requirements. It’s essential to become familiar with these to avoid legal complications and to ensure smooth operations.

Common Licenses and Permits Required for Various Types of Businesses

Different types of businesses in the UK require specific licenses and permits to legally operate. These include, but are not limited to:

• Food Business Registration: Mandatory for any business that prepares, sells, stores, or distributes food.
• Alcohol License: Required for businesses selling alcohol, such as bars, restaurants, and shops.
• Music License: Necessary for businesses playing recorded music, including pubs and retail stores.
• Street Trading License: Essential for selling goods or services on the street.
• Financial Services License: Required for businesses offering financial products or advice.

Procedure for Applying for a Business License in the UK

The procedure for applying for a business license in the UK is generally straightforward, though specific requirements can vary by industry and local authority. Here’s a step-by-step guide to help you navigate the process:

1. Identify the Required Licenses

Determine which licenses apply to your business based on your industry and location.

2. Contact the Local Authority

Reach out to your local council or municipality for specific guidance and application forms.

3. Prepare Documentation

Gather necessary documents such as proof of identity, business plan, and premises information.

4. Submit Your Application

Complete and submit the application form alongside any required fees.

5. Await Approval

Depending on the license, approval may take a few days to several weeks. Ensure that you follow up if needed.

Industry-Specific Licenses

The UK has various industry-specific licenses which are essential for compliance with national and local regulations. Here is a list of some industry-specific licenses:

• Construction Industry: Requires a Construction Industry Scheme (CIS) registration for contractors and subcontractors.
• Healthcare Sector: Needs Care Quality Commission (CQC) registration for facilities providing care and support.
• Transport Sector: Operators must obtain an Operator’s License for commercial vehicles over a certain weight.
• Energy Sector: Entities need a Gas Safe Register if working with gas appliances.
• Real Estate: Estate agents must adhere to the Estate Agents Act and may need specific local licenses.

Securing the correct licenses and permits is a crucial step in establishing your business in the UK. By understanding and adhering to these regulatory requirements, you can ensure your business operates legally and successfully, building a solid foundation for growth and trust.

Financial Planning and Funding Options

Starting a business in the UK as an expat involves understanding the financial landscape and exploring various funding options. A robust business plan and accurate financial projections are crucial for navigating this journey. In this section, we will delve into strategies for creating a comprehensive business plan, compare various funding options available to expats, provide a detailed guide on setting up a business bank account, and demonstrate how to forecast financial projections for a startup.

Creating a Comprehensive Business Plan

A well-crafted business plan serves as a roadmap for your business venture and is essential for securing funding from investors or financial institutions. It should clearly Artikel your business goals, target market, competitive landscape, marketing strategies, and financial forecasts. Here are the crucial components to include in your business plan:

• Executive Summary:A brief overview of your business, including your mission statement and objectives.
• Business Description:Details about what your business does, the industry landscape, and your unique value proposition.
• Market Analysis:Research regarding your target market, potential customer demographics, and industry trends.
• Marketing Strategy:How you plan to attract and retain customers, including pricing, promotions, and distribution channels.
• Financial Plan:Detailed financial projections, including income statements, cash flow forecasts, and balance sheets.

Funding Options for Expats

Expats in the UK have access to various funding options to support their business ventures. Understanding these options can help you find the best fit for your business needs:

• Loans:Traditional bank loans can provide substantial funding, but they often require a solid credit history and a detailed business plan.
• Grants:Various government and private grants are available for specific industries, such as technology or green initiatives. Research eligibility criteria and application processes carefully.
• Venture Capital:If you have a scalable business model with high growth potential, venture capitalists may be interested in investing in your startup in exchange for equity.

Setting Up a Business Bank Account in the UK

Having a dedicated business bank account is crucial for managing your finances efficiently and maintaining professional credibility. Here’s how you can set up a business bank account in the UK:

• Choose the Right Bank:Research various banks to find one that offers the best services and fees for your business size and industry.
• Prepare Necessary Documents:Typically, you’ll need proof of identity, business registration documents, and a detailed business plan.
• Application Process:Visit the bank branch or apply online, providing all required documentation and information.

Forecasting Financial Projections

Accurate financial forecasting is vital for planning your business’s growth and sustainability. It involves predicting key financial metrics like revenue, expenses, and cash flow. Here’s how you can approach it:

Forecasting requires you to make educated assumptions based on market research and historical data.

• Estimate Revenue:Use market analysis to project sales figures and potential revenue streams.
• Analyze Costs:Identify fixed and variable costs, including staffing, production, and overhead expenses.
• Cash Flow Management:Forecast monthly cash inflows and outflows to ensure your business can sustain itself and grow.

By following these strategies and understanding the financial nuances of starting a business in the UK, expats can effectively plan and secure the necessary funding to bring their entrepreneurial visions to life.

Navigating Immigration and Visa Regulations

The journey of establishing a business in the UK as an expat is intrinsically linked to understanding the immigration and visa regulations. These regulations form the backbone of securing the right to live and operate within the UK, providing a foundational layer of legal and operational compliance.Visa regulations can be a complex maze, but breaking them down into comprehensible segments will help you navigate them effectively.

Understanding the specific visa types available and their requirements sets the stage for launching your business venture in the UK.

Types of Visas for Business Entrepreneurs

The UK offers several visa options for entrepreneurs wishing to start a business. Each visa type caters to different needs and circumstances:

• Innovator Visa:This visa is for experienced businesspeople seeking to establish an innovative business in the UK. The business idea must be endorsed by an approved body.
• Start-up Visa:Aimed at individuals starting a new business for the first time in the UK, it requires endorsement by an approved body and is designed for less experienced entrepreneurs.
• Sole Representative Visa:This option is for those representing an overseas business planning to set up a presence in the UK.
• Investor Visa:For individuals willing to invest a substantial amount in the UK, typically a minimum of £2 million.

Application Process for an Entrepreneur Visa

Applying for an entrepreneur visa involves several steps that require careful attention to detail. Here’s a general overview of what the process entails:

1. Determine the appropriate visa type based on your business plans and personal circumstances.
2. Prepare a comprehensive business plan to demonstrate the viability and potential of your business idea.
3. Seek endorsement from an approved body, if applicable, as this is a critical requirement for several visa types.
4. Gather all necessary documentation, including financial statements, identification, and proof of endorsement.
5. Submit the online application through the UK government’s website, ensuring all information is accurate and complete.
6. Attend a biometric appointment, if required, to provide fingerprints and a photograph.
7. Await the decision on your visa application, which can take several weeks depending on the type of visa and current processing times.

Maintaining Visa Compliance

Once you’ve secured your visa, maintaining compliance with its conditions is crucial to avoid any legal complications. This involves understanding the rights and restrictions associated with your visa type:

• Ensure your business activities align with the visa’s stipulations and endorsed business plan.
• Keep thorough and accurate records of your financial activities and business operations.
• Comply with reporting requirements stipulated by the visa regulations and any endorsement bodies.
• Monitor visa expiration dates and apply for extensions or new visas as necessary well in advance.

“Always maintain open and honest communication with immigration authorities and seek legal advice when uncertain to navigate potential complexities effectively.”

Building a Network and Finding Local Partners

Networking is a cornerstone for business success in the UK, especially for expats who are establishing their footing in a new environment. Establishing a robust network can open doors to valuable resources, local insights, and business opportunities that are vital for growth and sustainability.

For expats, integrating into the local business community can provide support, mentorship, and access to potential partners who understand the UK market dynamics.Networking events and membership in business groups can significantly enhance an expat entrepreneur’s ability to connect with key players in the industry.

Similarly, finding local partners or suppliers can help in bridging the gap between foreign business practices and the UK market, ensuring a smoother operation and enhancing credibility among local clients.

Importance of Networking for Business Success in the UK

Networking is not just about exchanging business cards; it’s about building meaningful relationships that can support your business’s growth. In the UK, business decisions often rely on trust and established connections. Networking provides:

• Access to Market Insights: Local contacts can provide valuable information about industry trends and customer preferences.
• Opportunities for Collaboration: Networking facilitates partnerships and collaborations that can lead to innovative solutions and increased market reach.
• Access to Funding: Investors and venture capitalists often attend networking events, providing opportunities to pitch your business.
• Support and Mentorship: Experienced entrepreneurs can offer guidance and advice, helping to navigate challenges and avoid common pitfalls.

Local Organizations and Business Groups Supporting Expats

Joining local organizations and business groups can be a strategic move for expats looking to establish themselves in the UK. Some notable organizations include:

1. Enterprise Nation:Offers resources and support for small businesses and connects entrepreneurs with advisors and other businesses.
2. Federation of Small Businesses (FSB):Provides networking opportunities, guidance, and legal advice for small business owners.
3. British Chambers of Commerce:Facilitates international trade and connects businesses with local and international networks.

Advice on Finding and Collaborating with Local Partners or Suppliers

Collaborating with local partners or finding reliable suppliers is crucial for ensuring business operations run smoothly. To find suitable partners:

• Attend Industry Events: Participate in trade shows and industry-specific conferences to meet potential partners.
• Leverage Online Platforms: Use platforms like LinkedIn to connect with local professionals and suppliers.
• Engage with Local Business Communities: Join local business forums and networking groups to build relationships and find reputable partners.

Comparison of Networking Events and Their Benefits

Event Type	Frequency	Main Benefits
Trade Shows	Annually/ Biannually	Showcase products, meet industry experts, and explore new technologies.
Business Lunches	Monthly	Informal networking, idea exchange, and relationship building.
Workshops	Quarterly	Skill development, expert knowledge, and networking with peers.
Networking Conferences	Quarterly	Hear from industry leaders, network with peers, and explore partnership opportunities.

“Networking is not collecting contacts. It’s about planting relations.”

Miško Šuvaković

By leveraging these strategies and resources, expat entrepreneurs can effectively establish a presence in the UK business landscape, ensuring their ventures are well-integrated and positioned for long-term success.

Marketing Strategies for the UK Market

In the vibrant and competitive UK market, effective marketing strategies are crucial for any expat looking to launch a successful business. A deep understanding of the local culture, consumer behavior, and digital landscape can significantly enhance the reach and impact of your business in the UK.

This segment explores various tailored strategies for marketing to a UK audience, focusing on digital avenues and avoiding common pitfalls.

Effective Marketing Strategies Tailored for the UK Audience

To resonate with the UK consumers, businesses must adopt strategies that align with the cultural nuances and preferences of the market. Leveraging data-driven insights and local trends can significantly enhance the effectiveness of marketing campaigns.

• Understand Cultural Nuances: Tailor your messaging to reflect British sensibilities, humor, and values. For instance, aligning with national events like the football season can create relatable content.
• Localized Content: Develop content that speaks directly to UK consumers by incorporating local slang and references.
• Seasonal Promotions: Capitalize on seasonal events and holidays such as Black Friday, Boxing Day, or summer festivals to boost engagement and sales.
• Collaborations with Local Influencers: Partnering with local influencers can enhance brand credibility and reach within target demographics.

Utilizing Digital Marketing and Social Media Platforms

Digital marketing in the UK is a vital channel for reaching a broad audience effectively. Social media platforms offer unique opportunities to engage with consumers and build brand loyalty.

• Maximize Value: Optimize your website and content with s relevant to UK searches to improve visibility in local search results.
• Leverage Social Media: Platforms like Facebook, Instagram, and TikTok are popular in the UK. Engaging content and targeted ads on these platforms can drive significant traffic.
• Email Marketing: Personalize emails to reflect the interests and preferences of UK consumers, increasing open and conversion rates.

Common Marketing Mistakes to Avoid in the UK Market

Understanding common pitfalls in the UK market can help prevent costly errors and enhance marketing effectiveness. Avoiding these mistakes can help maintain a positive brand image and customer trust.

• Ignoring Cultural Differences: A one-size-fits-all approach can lead to miscommunication. Ensure campaigns are culturally sensitive.
• Overlooking Compliance: Ensure all marketing materials comply with UK advertising regulations to avoid legal issues.
• Neglecting Mobile Optimization: With a high percentage of mobile users, failure to optimize websites for mobile can result in lost opportunities.

Conducting Market Research to Understand Consumer Behavior

Conducting thorough market research is essential for understanding the preferences and behaviors of UK consumers. This knowledge can inform more effective marketing strategies.

• Surveys and Focus Groups: Gather direct feedback from consumers to gain insights into their preferences and behaviors.
• Data Analytics: Use analytics tools to track consumer behavior on your website and social media, identifying trends and patterns.
• Competitor Analysis: Study competitors to understand their strategies, strengths, and weaknesses, and identify opportunities for differentiation.

Understanding Employment Laws and Hiring Practices

Launching a business in the UK as an expat requires not only understanding the market and legal requirements but also navigating the intricate landscape of employment laws and hiring practices. Having a firm grasp of these elements is crucial for compliance and for building a robust team that can drive your business to success.

This discussion will cover key employment laws, recruitment processes, drafting employment contracts, and the advantages and challenges of hiring local versus international staff.UK employment laws are designed to protect both employees and employers, ensuring a fair and equitable workplace. Compliance with these laws is mandatory for all businesses operating within the UK.

Understanding these laws helps in avoiding legal pitfalls and fosters a positive working environment.

Key Employment Laws Affecting Businesses in the UK

The UK has a comprehensive set of employment laws that businesses must adhere to, ranging from minimum wage requirements to health and safety regulations. These laws are essential for maintaining fair labor practices and protecting employee rights.

• National Minimum Wage and Living Wage:Employers must pay at least the national minimum wage to employees, which varies based on age and whether the employee is an apprentice.
• Employment Rights:Employees have rights to a written statement of employment particulars, paid holidays, and protection from unfair dismissal.
• Health and Safety Regulations:Employers are required to provide a safe working environment, including adequate training and safety equipment.
• Anti-discrimination Laws:It’s illegal to discriminate against employees based on age, gender, race, disability, religion, or sexual orientation.

Recruiting and Hiring Staff in Compliance with UK Laws

Recruitment in the UK must be conducted in accordance with legal standards to ensure fairness and legality. Understanding the correct procedures is key to building a competent and compliant workforce.The recruitment process generally involves advertising the position, shortlisting candidates, conducting interviews, and checking references.

Employers must ensure that job adverts do not discriminate unlawfully. During interviews, questions should focus on the candidate’s ability to perform the job, avoiding topics that could be perceived as discriminatory. Once a suitable candidate is selected, thorough background and reference checks should be conducted to verify their qualifications and right to work in the UK.

Guide to Drafting Employment Contracts and Agreements

Drafting a clear and comprehensive employment contract is crucial for establishing the terms and conditions of employment. This document acts as a legal agreement between employer and employee, outlining roles, responsibilities, and expectations.An effective employment contract should include the following key elements:

• Job Title and Description:Clearly define the role and responsibilities associated with the position.
• Salary and Benefits:Specify the remuneration package and any additional benefits such as bonuses, health insurance, or transportation allowances.
• Working Hours and Leave:Detail the expected working hours, overtime policies, and leave entitlements including sick leave and annual holidays.
• Notice Periods and Termination:Artikel the required notice period for resignation or termination and the conditions under which the contract may be terminated.

Benefits and Challenges of Employing Local vs. International Staff

Choosing between local and international staff can significantly impact your business dynamics, legal obligations, and operational efficiency. Each option comes with its own set of benefits and challenges.Employing local staff generally offers the advantage of familiarity with the local market, culture, and business practices.

They can provide insights into consumer behavior and help in establishing a local network. However, the pool of suitable candidates might be limited depending on the industry.On the other hand, international staff can bring diverse perspectives, innovative ideas, and specialized skills that may not be readily available locally.

However, hiring international employees involves additional considerations such as visa sponsorship, cultural integration, and potentially higher relocation costs.Navigating these aspects effectively can lead to a balanced and dynamic team that enhances your business operations in the UK.

Setting Up Business Operations

Embarking on the journey of setting up business operations in the UK as an expatriate can be both exciting and challenging. The significance of having well-organized operations cannot be overstated, as it lays the groundwork for a successful business venture.

Whether establishing a new office or expanding an existing one, understanding the essential steps and tools is crucial for seamless operations.With a clear roadmap, businesses can ensure they are equipped to handle the dynamic UK market while maintaining efficiency and compliance.

Below, you’ll find organized insights on setting up your business operations effectively.

Organizing Office or Workspace

Setting up an office or workspace is a foundational step in establishing your business operations. It not only fosters a professional environment but also impacts productivity and company culture.

• Choose the Right Location: Consider factors such as accessibility, proximity to clients or partners, and the overall business environment.
• Business Address: Ensure your address complies with legal requirements, and consider using a virtual office if a physical setup isn’t immediately necessary.
• Office Layout Design: Plan for an efficient layout that meets health and safety standards while promoting a collaborative atmosphere.

Essential Tools and Technologies

To run a business smoothly, leveraging the right tools and technologies is essential. They drive efficiency, increase productivity, and enhance communication.

• Communication Tools: Invest in reliable phone systems, video conferencing solutions, and collaborative platforms like Slack or Microsoft Teams.
• Project Management Software: Tools like Trello or Asana help in organizing tasks and ensuring all team members are aligned with business goals.
• Cybersecurity Measures: Protect your business data with robust antivirus software, firewalls, and regular security audits.

Managing Logistics and Supply Chain

Effective logistics and supply chain management can significantly impact your business’s profitability and customer satisfaction. Implement strategies that streamline processes and reduce overheads.

• Supplier Relationships: Build strong partnerships with reliable suppliers who can offer quality materials at competitive prices.
• Inventory Management: Implement software solutions to track inventory levels, avoiding overstocking or stockouts.
• Distribution Strategy: Choose a distribution model that aligns with your business goals, such as direct shipping or third-party logistics providers.

“Efficiency is doing better what is already being done.”

Peter Drucker

Ultimate Conclusion

As we draw the curtain on this exploration of essential steps for expats launching a business in the UK, it’s evident that the journey is as enriching as it is demanding. By gaining a solid understanding of the business environment, abiding by legal mandates, and leveraging local resources, expats can transform challenges into opportunities.

Remember, every business venture is a story waiting to be written, and the UK’s vibrant market offers the perfect backdrop for yours.

With the right preparation and support, expats can not only navigate the complexities of starting a business but also thrive in the competitive landscape of the UK market. Whether you’re tapping into local partnerships or tailoring marketing strategies to resonate with British consumers, each step brings you closer to success.

So, embrace the challenges, seize the opportunities, and let your entrepreneurial spirit soar in the UK.

Answers to Common Questions

What are the first steps an expat should take when starting a business in the UK?

Expats should begin by researching the UK market, understanding the legal requirements, and securing necessary permits and licenses specific to their business type.

Do expats need a special visa to start a business in the UK?

Yes, expats generally need an entrepreneur visa or a start-up visa, which involves meeting specific eligibility criteria and providing a detailed business plan.

How can expats obtain funding for their business in the UK?

Expats can explore various funding options, including bank loans, government grants, and venture capital from investors, each having its own application process and requirements.

What are some common challenges expats face when starting a business in the UK?

Expats often encounter challenges such as navigating visa regulations, understanding local business practices, and establishing a network of local contacts and partners.