Doing Business in the United Kingdom VS Taiwan – A Comparison
When comparing the United Kingdom and Taiwan as business destinations, investors often struggle to choose between global reach and regional tech strength. Taiwan is a hub for manufacturing and semiconductors with strong ties to Asia, while the United Kingdom is celebrated for its regulatory transparency, cost-effective company setup, and straightforward compliance for foreign founders.
Taiwan: Requires company name reservation, foreign investment approval, and in-person document submission. The process may take several weeks.
Cost of Living and Business Operations
The United Kingdom: Offers predictable business costs, especially outside London. You can engage affordable company incorporation services with minimal overheads.
Taiwan: Has relatively low living costs and affordable office space, making it ideal for startups, though high-tech talent can be expensive.
Access to Markets
The United Kingdom: Provides strong global trade access with existing deals across Europe, North America, and Asia.
Taiwan: A tech gateway to East Asia with strong links to Japan and the U.S., though diplomatic status limits formal trade deals with many countries.
Quick Comparison Overview
Here’s a quick overview of the key differences for easy reference.
Factor
United Kingdom
Taiwan
Business Environment
Transparent, pro-entrepreneur
Stable, tech-focused, regional risks
Corporate Tax Rate
25%
20% + 5% on undistributed profits
Capital Gains Tax
Taxable with exemptions
Applied only in select cases
Ease of Incorporation
Fully online, same-day possible
Offline steps, 2–4 weeks to complete
Business Costs
Moderate, varies by region
Low operational and living costs
Market Access
Global trade reach
Strong Asia–US links, limited trade pacts
Benefits of Choosing 3E Accounting
When it comes to starting a business in the United Kingdom, navigating the legal and administrative processes can be complex without the right support. That’s where 3E Accounting comes in. As a trusted partner for company incorporation, we provide tailored solutions for entrepreneurs and investors looking to establish a strong business presence. Whether you need help with company registration or expert guidance on setting up businesses in the UK, our experienced team ensures a smooth and efficient process.
Corporate tax in the UK is 25%. Taiwan charges 20% corporate income tax, plus a 5% undistributed profit tax, making the total potentially higher depending on retained earnings.
While Taiwan has lower labor and rental costs, the UK offers streamlined services like company incorporation services that simplify setup, especially for SMEs.
Abigail Yu oversees executive leadership at 3E Accounting Group, leading operations, IT solutions, public relations, and digital marketing to drive business success. She holds an honors degree in Communication and New Media from the National University of Singapore and is highly skilled in crisis management, financial communication, and corporate communications.