With a familiar culture and no language barrier, the United Kingdom is a common first choice for international expansion by US-based companies; however, many of those similarities do not extend into the business realm. As it turns out, there are a number of differences between business standards and regulations in the UK and the US. To avoid a major expansion headaches, there are many considerations firms need to recognize prior to jumping over the pond.This guide outlines several, including:
- UK economic indicators
- EU business regulations
- Tenant construction issues
- Lease costs typically not found in the US
- Real estate lease considerations
- Business operating issues, and more…