Subsidiaries and branches of foreign parent companies
The decision to invest in another country can bring both rich rewards and significant risks. That is why it makes sense for UK subsidiaries of foreign parent companies to work with experts in this specialist sector, like HB&O Chartered Accountants and Financial Advisers in Leamington Spa, Coventry and Warwickshire.
The UK is a leading location for global investment. In 2009-2010, despite a tough economic climate and strong international competition, a total of 1,619 inward investment projects - including 850 new businesses - created more than 53,000 jobs in the UK.
Whether a foreign parent company is seeking to set up a new business or expanding an existing UK operation, HB&O's expertise makes the process a smooth one.
We can advise on the most appropriate structure for overseas companies doing business in the United Kingdom, assist with incorporation and provide ongoing support by dealing with all the complex financial, tax and regulatory matters that can distract a new UK business from its focus on establishing itself and growing.
We can assist with everyday business issues such as bookkeeping, accounts, payroll and VAT and make sure your business makes all the appropriate returns to keep you compliant with HM Revenue & Customs and Companies House.
UK subsidiaries of a foreign parent are also required to undergo an annual audit unless the worldwide group to which it belongs qualifies for exemption on the grounds of size. We provide an expert audit service to meet UK and International requirements and work with your parent company's own auditors to ensure that we also provide all that your head office needs.
If you would like to discuss our services for UK subsidiaries or branches of foreign parent companies more detail with our Leamington Spa and Coventry accountancy teams, please contact us.