Are you a sole-trader or freelancer in the UK who has clients across Europe?
Do you want to keep these clients?
Are you worried about the effect of Brexit?
Is your financial admin a major source of anxiety?
If you answered yes to any or all of these questions, then Xolo Leap might be the solution you didn’t know existed!
What is Xolo Leap?
Quite simply, Xolo Leap enables you to establish a company and then grow it. If you’re not already an e-Resident of Estonia, then they can help you in becoming one and after that, it’s plain sailing into the European business world.
Check out this article to learn the 9 things you need to know about Xolo Leap.
Being an e-resident of Estonia means that you enter the elite sphere of the forward-thinking and revolutionary digital community. You immediately become the proud owner of a technologically advanced, location-flexible and – let’s face it – cool business!
The government-issued e-Residency smart card provides digital identification and authorisation. This means you can sign important documents, access secure services and make secure transactions, all from the comfort of your bed on a Friday morning or from a Thai café on a Tuesday afternoon – the choice is up to you!
Xolo Leap was created especially for solopreneurs who want to run companies that offer professional & digital services. This means that they know how important it is to be tech-savvy and up-to-date with the latest online applications. With this in mind, their platform allows you to get paid through Paypal, Paddle or Stripe and you can also list your services easily on marketplaces like Google Play, Apple App Store, Upwork, Paddle and Amazon.
If you need any other information about Xolo Leap, then check out the dedicated website.
Protection against Brexit
The European single market is a prosperous business destination that provides enviable work opportunities for all who can access it. UK sole traders who currently have European clients need to ensure that they are protecting their future revenue by finding a way to continue working in the region. Not doing so could cost you dearly.
One of the biggest benefits for UK sole traders becoming Estonian e-residents and joining Xolo Leap is that it will immediately remove the worry and uncertainty caused by the Brexit shenanigans.
Ever since Brexit was voted for in the 2016 referendum, there has been anxiety and considerable stress for UK freelancers. Losing their presence in the European single market could be disaster for many one-person businesses who otherwise would thrive. The last thing that successful and hard-working sole traders need is restrictions on where they can win clients and new work opportunities.
If the UK does leave the EU in a ‘no deal’ situation, then the country will leave the Single Market and the Customs Market overnight. It is safe to say that mountains of extra time-wasting documentation will be required but the really worrying thing at the moment, is that nobody really knows how it will affect them.
The current lack of Brexit-related support and preparation that has been made for UK freelancers is shocking, especially given that the freelance market in the UK contributes billions to the economy.
A recent survey carried out by PeoplePerHour, found that 80% of freelancers haven’t made any preparations for a post-Brexit UK economy. The trouble is that most people don’t even know where to start and the concept itself is completely overwhelming.
Becoming an e-resident and engaging Xolo Leap allows you to take control. It means that all the uncertainty, worry and 2am panics about the state of Europe would be over. You could sleep easy knowing that your business in the EU will be safe and protected.
Compliance made easy
Another major cause for anxiety for freelancers is the management of their business. Staying on top of invoices, cash flow, taxes, and general finances is hard enough when you are operating in a single country, but if you are operating across multiple countries then it can be a major headache that can quickly develop into an all-encompassing migraine.
By using Xolo Leap, you will be able to manage a cost-effective and convenient business, with all the documentation being fully digitalised and remotely accessible. It’s worth noting however that Xolo Leap can’t help with personal taxes in the UK, and you will probably still need to register as a sole trader.
Not only will you be able to focus your time on more engaging and revenue-creating tasks, but you’ll also be able to relax knowing that you’re not alone in your intense solo career. Back-up is high underrated and just knowing someone else is there to support you can provide indispensable peace of mind.
Take the leap