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Filipinos ranks top foreign business owners in UK

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A study conducted by financial services firm ETX Capital, Filipinos are the most commonly declared nationality of UK business owners, omitting English, Scottish, Welsh, or British.

The study discovered that Filipino was the most commonly reported nationality among UK business owners, ignoring other nations such as English, Scottish, Welsh, or British.

ETX Capital discovered that the top foreign business owners in the study were both Asian: Filipino and Chinese, based on data from Companies House of over 200,000 UK business owners.

“It won’t come as much of a shock to hear that nearly two thirds [66.8 percent] of these business owners report their nationality as British, with another 3.3 percent reporting their nationality as English. However, we wanted to see which other nationalities were investing in UK businesses, so we removed anyone that reported their nationality as English, Scottish, Welsh or British from the table,” the ETX Capital study says.

Filipinos dominated other nationalities in the list, accounting for 5,090 company owners, or 2.65 percent of those polled.

“The two most common nationalities are both Asian: specifically, Filipino and Chinese,” it says.

Chinese entrepreneurs came in second, with 4,178 firm owners, or 2.17 percent. The study also discovered that Asia is home to more than a quarter of the top twenty nations, with Pakistani and Indian ranking fourth and fifth, respectively, followed by Turkish (9th) and Bangladeshi (10th) (20th).

The London-based corporation also released a ranking of business owners depending on where they live. ETX Capital, like the prior list, decided to concentrate on countries other than the United Kingdom.

According to ETX Capital, the bulk of the top 20 are European nationalities, which is not surprising given the continent’s relative proximity to other continents.

Meanwhile, just two African countries (Morocco at 11th and Nigeria at 12th) and one from North America were represented (the United States at 15th).

January is the most prevalent birth month for UK company entrepreneurs, while February is the least common. Meanwhile, 1988 is the most popular birth year for business owners.

Approximately 10.8 percent of UK business owners report living in a nation other than the UK. Again, the Philippines is the most common country, with 4,984 or 2.59 percent of business owners. China (1.39 percent) and Morocco are the next two countries (0.60 percent).

The majority of the top 20 nationalities are either European or Asian.

According to the report, January is the most prevalent birth month for UK business owners, while February is the least common. Meanwhile, 1988 is the most popular birth year for business owners.

“This makes sense considering the fact that business owners born in the 60s are now approaching retirement age, while many of those born in the 2000s simply aren’t old enough to make owning a business very likely,” the study says.

The study concludes that the data provide a great demonstration of the United Kingdom’s continuing diversity when it comes to businesses.

According to the report, the study is a “great demonstration of the United Kingdom’s continuing diversity when it comes to its businesses. People from all over globe are contributing to the country’s economy and in return, they’re seeing their own goals and dreams come to life.”

ETX Capital’s December 2021 research references Companies House’s ‘people with substantial control (PSC) snapshot’ as its major source. The company drew a sample of over 200,000 persons from the data.

In the United Kingdom, Filipino businesswoman Viva Andrada O’Flynn of the award-winning firm Love Viva Cakes and Crafts, as well as Philippine-made chocolate companies Auro Chocolate and Theo & Philo Artisan Chocolates, have been making waves and winning awards.

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