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UKTI launches Go UK business competition with over $100k of prizes

Thursday, November 17th, 2011

clip_image002UK Trade & Investment (UKTI) helped more than 40 Australian companies successfully establish themselves in the UK last year and some 1000 Australian companies are already set up and doing business in the region.

To encourage further investment, UKTI has launched Go UK – a business plan competition open to Australian and New Zealand businesses with an interest in expansion to the UK.

Entries are open for Go UK participants to submit their business plan online with close of entries on Friday 3 February 2012.

The finalists for each region/category will be announced in February 2012 and the Australian winners and final prizes will be awarded at a cocktail reception in March in the following locations:

  • Sydney (covering all NSW, ACT and WA entrants);
  • Melbourne (covering all VIC, SA and TAS entrants); and
  • Brisbane (covering all QLD and NT entrants).

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Go UK gives Australian and New Zealand companies the chance to win business support packages that include British Airways return airfares to London, meetings with potential business partners, client contacts, business networks, Company formation (branch/Ltd), and employee support services, as well as ongoing UKTI support to expand to the UK and Europe, and then the world.

Richard Morris, Director General of UK Trade & Investment in Australia and New Zealand, says now is an opportune time for Australian businesses to expand into the UK.

(more…)

Tags: business in the UK, FDI, International corporate structure, UKTI
Posted in Australia, Canada, France, Go UK!, New Zealand, UK accounting, USA | Comments Off

Kiwi companies fly by being on the ground

Friday, September 30th, 2011

imageAs ON-Brand Partners starts to become established and gain more success internationally, I’ve been asked by a number of people to share my thoughts about what it takes for a New Zealand company to ‘get started’ on the international stage. While I certainly don’t have all the answers, we’ve certainly learnt some valuable lessons.

Nearly twelve months ago I sat in a meeting room with a group senior executive of one of the world’s largest banks.  He started by saying… “The work you’ve done with us in Malaysia is impressive, but obviously as a small company based on the other side of the world, you can’t help us globally. But let’s talk anyway”. 

Two hours later he concluded the meeting with a single comment “Come back to me with how you think you could support us globally”.

A year on, we have delivered an organisation-wide solution to an GBP18bn turnover business (with fantastic results), started with another (the largest in it’s sector) to co-create a market-leading customer experience strategy and have established relationships with key executives in a list of companies that even our local competitors shake their heads at in astonishment.On Brand Partners

It’s been a tough year, and we are not there yet. There’s constant pressure on resources and cashflow, plus ongoing (and surprising) business administrative challenges.  But, we know we are onto something.  As a business, we have the ‘belief’ that, if we can sustain our momentum, we can truly crack it on an international stage.

Our key insight is that success requires focus, energy, and local partners to make it happen. (more…)

Tags: Clients, FDI, International corporate structure, overseas trading, UK, UK Inward Investment
Posted in Australia, Go UK!, New Zealand | Comments Off

UK Public/bank holidays 2012

Thursday, September 22nd, 2011

Public holidays and bank holidays tend to be the same each year. Next year however there is an additional Public holiday for the Queens Diamond Jubilee which falls on Tuesday 5 June.

New Years Day Sunday 1 January
Good Friday Friday 6 April
Easter Monday Monday 9 April
May Day holiday Monday 7 May
Spring Bank holiday Monday 4 June
Queens Diamond Jubilee Tuesday 5 June
Summer Bank holiday Monday 27 August
Christmas Day Tuesday 25 December
Boxing Day Wednesday 26 December

Tags: uk business, UK business guides, UK Employment law, UK news
Posted in Australia, Canada, France, New Zealand, UK accounting, USA | Comments Off

Non-dom tax to see reforms

Wednesday, August 10th, 2011

The Treasury has published a consultation paper on reforming the tax system as it applies to non-domiciled residents. The Government has also set out another consultation on its plans for a statutory residence test (SRT).

The aim of the non-dom consultation, the Government said, is to encourage individuals to invest in the UK while also ensuring a fair tax contribution. Details include increasing the existing £30,000 annual charge to £50,000 for non-domiciles who claim the remittance basis in a tax year and who have been UK resident in 12 or more of the 14 years prior to the year of claim; allowing non-domiciles to bring overseas income and capital gains to the UK tax-free for the purpose of commercial investment in UK businesses; and simplifying the way in which some aspects of the current rules work. (more…)

Tags: tax effectiveness, tax planning, tax relief, tax strategy
Posted in Australia, Canada, France, New Zealand, UK accounting | Comments Off

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