3 Key Developments That Will Influence Corporate Complexity In The UK

There is a growing expectation for UK companies to have a robust governance and compliance framework in place, to reassure and demonstrate that the business is well run.

When it comes to the degree of difficulty for companies to adhere to local business regulations and associated issues, the UK is considered neither overtly complex nor especially simple. 

Ranked 48th of 84 jurisdictions globally in TMF Group's Compliance Complexity Index 2018, the UK's position was determined by taking into account details such as the time taken to set up companies and level of difficulty in meeting reporting requirements. The UAE came in at number 1 for complexity in the report, while Ireland is the simplest jurisdiction at 84th.