English law underpins both national and international commerce and finance. London is still considered the world’s pre-eminent financial centre, and is one of the most attractive international cities for foreign investment. One of the reasons for this is the high regard that the international business community has for the principles of the English legal system and the fairness of the English Courts.
Following Brexit, the UK has consistently remained a popular destination for doing business and attracts high levels of foreign direct investment (FDI). According to Ernst & Young’s 2024 annual European Attractiveness Survey, the UK has continued to outperform most of the other European destinations in terms of FDI – noting that the UK has bucked the trend of decline across Europe and continues to attract investment, particularly in areas where it has a comparative advantage such as the digital, financial services and business services sectors.
Some of the reasons that the UK has remained such a popular destination for business and investment include:
its convenient location and time zone for global markets
its competitive tax system
the relative ease and speed of establishing a business in the UK
the wide use of English law and English law frameworks in business throughout the world
easy access to the UK’s skilled and diverse workforce
support from UK government which incentivises and promotes FDI
The UK is made up of three distinct legal jurisdictions, namely England & Wales, Scotland and Northern Ireland. This guide focuses on legal considerations in England & Wales so for ease of reference, when we refer to UK in this guide, the references relate to the legal position in England & Wales.
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Disclaimer: This publication is provided by Laytons LLP for informational purposes only. The information contained in this publication should not be construed as legal advice. Any questions or further information regarding the matters discussed in this publication can be directed to your regular contact at Laytons LLP.