close menu

The #1 spot on Forbes' best country for business list goes to...

by Scott Brown | Jan 10, 2018
  • After coming fifth last year, the UK has made it to the number one position on Forbes’ list of best countries for business in 2018. The UK’s low unemployment rate and continued economic growth earned it the coveted title. For anyone thinking about expanding their business internationally, the UK has to be near, or at the top, of their list.
    london-canary-wharf

    Forbes’ prestigious list

    Forbes has been releasing the list of best countries in which to do business for 12 years now. They analyse 153 countries worldwide across the following 15 categories:

    • Property rights
    • Innovation
    • Taxes
    • Technological readiness
    • Corruption
    • Infrastructure
    • Market size
    • Political risk
    • Quality of life
    • Workforce
    • Personal freedom
    • Trade freedom
    • Monetary freedom
    • Red tape 
    • Investor protection

    Each category is equally weighted, and the UK ranked in the top 25 countries in each of the 15 categories, except for political risk, where it ranked 28th. However, despite the political uncertainty around Brexit, the economy has held up well and gross domestic product grew 1.8% in 2016 and continued to grow in 2017.

    The UK’s $2.6 trillion economy is the fifth largest in the world, with London serving as the central hub for financial services. UK property prices also went up in 2017 and unemployment dropped to a 42-year low of 4.2%. The UK ranked particularly highly for technological readiness and the education of its workforce. 

    Want to start your UK business venture?

    Onwards and upwards

    Suren Thiru, Head of Economics and Business Finance at the British Chambers of Commerce, commented that “the UK’s ranking as the best country for doing business is a testament to the hard work and resilience of business communities across the UK.

    “The UK remains a great place to start and establish a business, with low barriers to entry and a good reputation for business-friendly regulation and enforcement.”

    Thiru said that in order to boost growth and productivity over the long-term, the UK must address the longstanding issues around skills shortages. As the economy grows, the UK will need more skilled individuals to fill important positions so that economic momentum is not lost. As such, the UK is making itself more open for business to foreign skilled workers and international businesses both large and small.  

    See also: Do you have exceptional talent? The UK has a visa especially for you

    Now is the perfect time to establish your business in the UK

    The UK has always been a popular business destination, but there couldn’t be a better time than now to make the move. Investment and entrepreneurial opportunities are abundant in the UK and, with the right assistance, you can ensure your business venture is a great success.

    Low Corporation Tax, a generally business-friendly legislative framework and opportunities to expand into the rest of Europe make the UK an entrepreneur’s dream. What’s more, establishing a business in the UK is a great path to residency, and ultimately citizenship, for you and your family. 


    There's never been a better time to expand to the UK, and we can assist you every step of the way. Get in touch with our UK-based business experts on +44 (0) 20 7759 7553 or send us an email on ukbusiness@sableinternational.com

    We are a professional services company that specialises in cross-border financial and immigration advice and solutions.

    Our teams in the UK, South Africa and Australia can ensure that when you decide to move overseas, invest offshore or expand your business internationally, you’ll do so with the backing of experienced local experts.

    • Businessman-on-graph
      How you can stop worrying and learn to love outsourced accounting
      Aug 03, 2018  |  by Scott Brown
    • tax-deadlines
      Self Assessment deadline reminder! Second payment due end of July
      Jul 25, 2018  |  by Kobus Van den Bergh
    • magnifying-glass-contract
      IR35: Are you in or are you out?
      Jul 02, 2018  |  by Kobus Van den Bergh
    • Grabbing-money
      Don’t overpay on your tax! Make sure you’re on the right tax code
      Jun 28, 2018  |  by Kobus Van den Bergh
    • uk-flag-and-gavel
      IT contractor in the UK sues HMRC for £27,000 in landmark IR35 case
      Jun 18, 2018  |  by Kobus Van den Bergh
    • sky_pounds
      Why international entrepreneurs continue to choose the UK for business
      Jun 06, 2018  |  by Scott Brown
    • decisions-arrows-man
      Does your SME need a Financial Director?
      May 30, 2018  |  by Scott Brown
    • dropped-ice-cream
      5 accounting mistakes that put your small business at risk
      May 16, 2018  |  by Scott Brown
    • stressed-out-man
      7 in 10 contractors are stressed out by their accounts. Don't be like them.
      May 09, 2018  |  by Kobus Van den Bergh
    • no-penny-left-behind
      No penny left behind! A guide to expenses for contractors and their limited company
      Apr 25, 2018  |  by Kobus Van den Bergh
     
     

    South Africa

    Cape Town

    Regent Square
    Doncaster Road
    Kenilworth 7708 +27 (0) 21 657 2120

    Durban

    201 The Annex
    Ridgeside Office Park
    Umhlanga +27 (0) 31 536 8843

    United Kingdom

    London

    Castlewood House
    77/91 New Oxford Street
    WC1A 1DG +44 (0) 20 7759 7514

    Croydon

    5-7 Selsdon Road
    South Croydon
    CR2 6PU +44 (0) 20 7759 7581

    Australia

    Melbourne

    9 Yarra Street
    South Yarra
    VIC 3141 +613 (0) 8651 4500

    Sable International is a trading name of 1st Contact Money Limited (company number 7070528) registered in England and Wales. Sable International is authorised and regulated by the Financial Conduct Authority in the UK (FCA no. 517570), the Financial Services Conduct Authority in South Africa (FSP no. 41900) and holds an Australian Financial Services License issued by ASIC to deal in foreign exchange (AFS License number 335 126).

    This site uses cookies, read more or close this notice.