What we can do for you

  • We do all paperwork on forming the company in the UK
  • Formation is completely remote
  • Can act as Secretary or Treasury
  • Provide nominee Directors/Shareholders
  • Assist with opening a bank account
  • Registration for Taxes, VAT & EORI
  • Develop a website for your business
  • Create a logo of your brand

How we can assist you further

  • Provide with full company administration services
  • Arrange a mailing address for your business
  • Arrange a virtual office for your company
  • Telephone answering service
  • Book keeping, audit & reporting
  • Preparing and submitting VAT return
  • Dealing with local authority
  • Trademark registration

FAQ about UK Company

How to Incorporate a Business? What are the legal steps that are required to incorporate a business?

  • If you feel that you need a help than you better to contact an agency who provide such service in the UK
  • Select the appropriate package with the agent
  • Pay the incorporation fees
  • Receive the Incorporation package
  • Appoint a director and shareholder.
  • Issue share certificates
  • Register your corporation with the HMRC

How do you start a business in the UK?

What you need to do to set up  a business in the UK mostly depending on what your business does, where your management based and  whether you take people on to help.

Main steps are:

  • Register your business with companies house
  • Register your business with HMRC online
  • Check if you need a licenses for your business activities or insurance
  • If you employ employees you have to register with HMRC for tax and National Insurance contributions (NICs)

How to register a company UK sole trader?

Sole traders must register with HM Revenue and Customs (HMRC). Sole trades must follow certain rules on running their business.

  • keep records of your business’s sales and expenses
  • You’ll need to apply for a National Insurance number if you’re moving to the UK to set up a business.
  • You must register for VAT if your turnover is over £85,000.
  • pay Income Tax on your profits and Class 2 and Class 4 National Insurance – use HMRC’s calculator to help you budget for this
  • send a Self Assessment tax return every year

What is the procedure to setting up a limited company UK?

  1. Chose a suitable company name
  2. Provide an address for the company
  3. Appoint at least one director
  4. Appoint least one shareholder and work out your shares
  5. Check your SIC code which identifies what your business activities
  6. Make sure that shareholders agree to create the company and the written rules of Memorandum and Articles of association
  7. Find out details of people with significant control ( anyone with more than 25% shares or voting rights)
  8. Than you can start the application and registration. Once the application is done you can submit the form and wait for the Companies House approval and certificate of registration.

How can I register a new company in the UK?

You can register a new company in the UK according to a role and procedure of the UK legislation. You can register it online by yourselves or use a professional service.

How much does it cost to set up a new business in the UK?

It is depends on what type of the company you are going to set up and other services you are going to use. If you are going to do it yourself than the cost is only includes company registration £ 15.00 which you pay to the companies house.

Can I order a UK company formation with bank account?

  • Yes, you can choose the package with an assistance of the bank account opening in the UK

It is possible to buy a limited company with bank account?

  • Yes, there are some ready-made companies in the market with bank account which you can buy.

Advantages and Disadvantages of a UK Limited Company

Advantages:

  • Cheap company registration
  • Shareholders are protected beyond value of their shareholding.
  • The profits of companies have a rate of 20% Corporation Tax.
  • Prestigious jurisdiction for the business
  • limited companies are considered to be more established, credible and committed.
  • Secretary is not required any more, it is of your chose

Disadvantages:

  • Physical director is compulsory.
  • There are certain restrictions with regard to the company name.
  • The information relating to the owner of the company, directors and shareholders and the company itself are displayed on public record.
  • Requirements to maintain and submit companies house annual report and financial report to the companies house and financial report to HMRC (sometimes need to be involved an auditor).

Do you have to register for VAT in the UK? How do you become VAT registered in the UK?

HMRC UK requires companies to apply for a VAT registration if company’s  VAT taxable turnover goes over the threshold of £85,000 in the next 12 months.

If your company’s turnover of VAT taxable supplies exceeds £85,000, or if you believe that it will, you must register for VAT.

How long does an English company have to keep records?

How many years do you have to keep accounting records?

  • You must keep records for 6 years from the end of the last company financial year they relate to.

How long do you need to keep tax records UK?

  • You must keep your records for at least 6 years

UK Private Limited Company Formation. UK LTD registration

Main Characteristics and the basic rules of Company registration in the UK

 
UK Limited Liability Partnership Company Formation Financial Advantages
Taxation Fiscally Transparent
Double Taxation Treaty Access: Yes Treaty Access with many countries
UK Tax Information Exchange Agreements: Yes, United Kingdom signs Exchange Agreements
Account Filing Requirements: Yes accounting / reporting requirements
Annual Return Filing Requirements: Yes annual return/ reporting requirements
Audit Requirements: Yes audit required (small companies excluded).
UK Limited Liability Partnership Company Formation Registration Requirements
Share Capital: Minimum capital contribution for the UK Limited Liability Partnership Formation: GBP 2
Classes of Share Available for UK company formation: Contributions
Bearer Shares: Not Allowed
Registered Office Required: Yes required and must be maintained in UK
Shareholders: Minimum number is two. Can be any nationality and need not be resident of the UK
Disigned Partners: Minimum one and need not be resident of the UK
Your Company language: English
Name of your Company must be ended: LLP
Documents required for UK company formation: A certified copy of your passport or ID and proof of your residential address dated less than 3 months.
UK Company Formation Restrictions
For UK company formation you cannot use words in your company names without justification: “Bank”, “Trustee Company”, “Assurance”, “Building Society”, ”Trust Company”, “Royal” etc.
Restrictions on Trading: None
Not permitted without a licence: Fund management, insurance, Banking, reinsurance, assurance, trust management, collective investment schemes, trusteeship business provision.
UK Limited Liability Partnership Company Formation Confidentiality and Security
Publicly Accessible Records: Yes, accessible
Nominee Shareholders and Nominee Directors: Yes, Allowed
Disclosure of Beneficial Ownership to Authorities: No
Meetings of Directors and Shareholders to be held: Anywhere
Stability: Secure jurisdiction and Financial Centre.
About UK UK Private Limited Company formation
Capital city: London
Region: An island nation in northwestern Europe
Political System: Democracy
Government: Monarchy
Governing corporate legislation: Companies Act 2006 as amended
Type of Law: Common
Currency: Great British Pound (GBP)
Exchange Control: None
Language of Legislation and Corporate Documents: English
Time zone: GMT+0

Our team of consultants are on hand to find out about your specific requirements and take you through the process from start to finish.