Businesses for Digital Nomads in the UK

The UK offers some benefits that facilitate online company formation. Due to this, many entrepreneurs from other regions of the world choose the British country to establish an enterprise. In this article, I will explain everything you should know about businesses for digital nomads in the UK.

Benefits of Setting Up a Business as a Digital Nomad in the UK

The main point in favour of forming an enterprise in the UK is how quick and simple is the company constitution process. In comparison to other European countries, the paperwork directors need to file and the establishing fees they must pay are lower. In addition, you can do all these procedures with the different organizations online or, via post.

Another advantage of setting up a business here is that taxes are lower. Depending on the company’s yearly income (Corporation Tax and VAT) or the personal gains (Income Tax and National Insurance), the administration will apply some rates or others. However, you must declare them correctly to His Majesty’s Revenue and Customs (HMRC). If you fail to do so, this organization may sue the directors of the company, which could end up in fines and, in extreme cases, prison sentences.

At last, the UK has signed commercial agreements with countries from other continents. Therefore, setting up here can open a corporation the doors to international market that would remain inaccessible from other regions.

Things to Take in Consideration when Setting Up a Business as a Digital Nomad in the UK

Forming a company as a digital nomad in this country is easy and brings several benefits. Nonetheless, for a business to develop positively in the UK, you must take into consideration some factors.

Choosing the right legal structure. Usually, you will establish an enterprise as a digital nomad with no partners. Hence, the viable options are to work as a sole trader or to form a limited liability company. Each one has its own advantages and disadvantages. For example, the formation process of a business as a sole trader is quicker, but limited companies offer the owner protection to their assets because the liability gets limited.
Working visas. Since Brexit, European Union citizens need a special visa to work in the UK. For a digital nomad, the best options are to apply for an Innovator Founding Visa or for a Skilled Workers Visa via self-sponsorship. In this article, you can find more information about visas in the UK.
Optimising the web presence. It is essential to stand out from the competence for the company to be profitable. Therefore, you should design an attractive webpage that complies with the SEO requisites and create social media profiles in which you display the benefits of the products and services the business offers.
Open a commercial bank account. It is necessary to access public subsidies and private funding. In addition, it will allow you to divide personal and corporate finances.

Businesses Ideas for Digital Nomads in the UK

Dropshipping for Digital Nomads in the UK

This activity consists of buying products from a manufacturer and sending them directly to the customer. While performing basically as an intermediary, you will not need to have warehouses or factories nor to hire employees. Therefore, the required minimum investment is very low. All that is needed is a device with internet connection, an E-commerce creation software and social media accounts to advertise the products.

In the following webpage, I explain more thoroughly how to start a dropshipping company in the UK.

Graphic Design

In this job, clients will ask for the creation of visual and graphical contents for marketing campaigns, social media, webpages, etc. They will require experience with image design tools, such as Adobe InDesign.

Most graphic designers work as sole traders, and companies hire them when they need their services. As in the previous case, this activity is performed online, so it is a good business opportunity for digital nomads.

Writing Services

Written text is the foundation of internet contents. Among the most demanded online writing services are copywriting, SEO writing, script composition for social media videos or electronic books. Moreover, due to the appearance of Artificial Intelligence, many companies need the services of writers to train their AI engines.

In ukstartcompany, you will find information about how to establish, register and operate companies with different legal structures and business activities in the UK.