subject: Why do businesses move to London in search of success? [print this page] Why do businesses move to London in search of success?
Despite soaring property prices and the decidability unpredictable global recession, the nations capital has maintained its appeal as a place for foreign companies of all shapes and sizes relocate to London.
Whether it's an American corporation seeking their European base or Asian businesses looking to expand to continental Europe, every year hundreds of foreign enterprises settle to trade from the UK.
So any investors looking to migrate to our shores will have been more than happy when earlier this month the prime minister David Cameron announced the Government is preparing to "put out the red carpet" to foreign entrepreneurs and those able to create wealth and jobs.
Despite yesterday's announcement by the Home Secretary, Theresa May, that she plans to enforce the first permanent cap on foreign workers, the Government has said it is committed to allowing businesses to transfer unlimited staff from overseas if they stay for less than 12 months.
Mr Cameron has promised to reform the current immigration rules to allow more serious foreign entrepreneurs to set up new businesses in the UK.
Announcing plans for an "entrepreneurs visa", the prime minister said those with a "great business idea" and "serious investment" were welcome.
The influx of foreign business will comes as no surprise to many commercial estate agents who regularly locate the ideal site for their prospective clients. London has for centuries been recognised as a place to conduct international business. Today, this remains as true as ever.
Most foreign-owned companies establish their first office in central London. However, as theycome to know the city better, they often move outwards. For some this means relocating, butmany retain a presence in the centre of London as well as setting up offices elsewhere.
However, the majority of expanding companies continue to use London as a "springboard" for expansion into other parts of the UK and Europe.
If your company is planning to make a successful move to London, an accomplished commercial estate agent is essential.RIB is an independent partnership that has been established for over 40 years, enjoying an enviable reputation and providing exceptional specialist knowledge.
Established in 1962, they are able to provide a wealth of experience across the full range of commercial property services for our corporate clients.
Visit www.rib.co.uk to begin your smooth and successful relocation to or expansion within London.
