Whether you are a UK business looking to start trading in Germany or a German business thinking of entering the UK market, we can support you with your goals.
We have set out below an outline of the services we can provide and would be happy to have an initial conversation with you to discuss your objectives and to tailor our services to meet your specific needs.
German-UK trade relationship
Trading relationships between the UK and Germany are strong. Germany is an important market for UK businesses, being the largest export market within Europe and the second largest globally, after the USA. Conversely, the UK is one of the top importers of German goods and offers German businesses a number of opportunities for expansion.
Entering the UK market
Like Germany, the UK has a very business friendly economy and is characterised by a high number of small and medium sized enterprises (SMEs), many of which are family owned. Whilst the UK market is similar to Germany’s, we understand that it can be daunting to start doing business here for the first time and we have therefore brought together a range of services to help make the process as easy as possible. Our guide and checklist below provide some useful initial information on setting up in the UK:
Our BrighterThinking guide to setting up in UK.
Download our BrighterThinking checklist for setting up in UK.
If you would like to discuss your requirements in detail, please do not hesitate to contact us. Our colleagues are fluent in German and would be delighted to assist you. We can also connect you with other German-speaking service providers, including banks and legal professionals.
Entering the German market
The German economy is the fourth largest in the world and therefore provides huge opportunities for businesses looking to expand. The market is very similar the UK and goods and services that are successful here tend to be successful in Germany as well.
Through our membership of HLB International we work with English-speaking advisors throughout Germany to co-ordinate the work required to ensure your set up and continuing operations there run smoothly. We can assist with overseas expansion in a number of ways, including:
- Structuring cross-border operations
- Co-ordinating and liaising with appropriate contacts in Germany
- Advising on funding and foreign exchange decisions
- Implementation of transfer pricing policies
- Repatriation of profits back to the UK
- Employment and tax advice on sending employees to work overseas
If you are considering starting to trade in Germany, the guide below gives some useful information on doing business there. We would also be pleased to discuss your requirements in more detail, so please get in touch.
If you would like to discuss your needs in more detail, please contact us.
Our relationship teams provide a single point of contact, with access to a full range of solutions including:
ACCOUNTING
Our team provides full support on UK cloud software or your own systems.
PREPARATION OF VAT RETURNS
Prepared on a quarterly basis with all supporting reports as required.
PAYROLL SERVICES
Generally, payroll in the UK operates on a monthly basis, with mandatory pension requirements.
CORPORATE SECRETARIAL SERVICES
Maintenance of local registers
AUDIT SERVICES
Our teams regularly audit UK subsidiaries of global companies.
EMPLOYMENT SERVICES
We can assist with the preparation of employment contracts, overseas visitors and local resources.
PREPARATION OF CORPORATION TAX RETURNS
Local compliance, supported with QIPs, ATED and CBC Reporting declarations.
PREPARATION OF FINANCIAL STATEMENTS
This includes any required group reporting
INTERNATIONAL TAX SUPPORT
Our specialist teams can also provide international tax assistance, including:
- Transfer pricing
- Global mobility
- VAT/Duty services
- Advice on intangible assets and patents
Contact Menzies German desk team
To speak to a partner or for more information about the services we offer please contact either Rebecca Wilkinson, one of the Menzies LLP offices, or complete the contact form below.
German Desk
