United Kingdom Company Formation

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United Kingdom

Company Formation and Related Services

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Buying a European shelf company with VAT number

Whenever you need to start doing business immediately in a European country and you need a company with a VAT number, you don’t have to wait for the bureaucratic procedures.

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Partner Law Firms

We encourage you to contact our partner law firms in Bucharest: Rolegal and E&C, both part of our legal network.

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Tax Minimization Structures

BridgeWest is specialized in special corporate structures designed for tax minimization. No matter where you want to incorporate your company, you will need to consider how you can legally minimize costs.

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Set up a company in the United Kingdom

September 8, 2010, 3:59 pm
BridgeWest

The UK is one of the most economically powerful states in the world; representing a great opportunity for foreign investors to start their business. Setting up a company in UK is a fairly rapid process and due to highly developed technology, does not require complicated procedures. Most of the steps are quickly completed and are free of charge.

Preliminary activities before registering private and public limited liability companies in the United Kingdom

Company founders of UK companies must verify the uniqueness of the chosen company name and this procedure is possible online, free of charge. This process takes around one day. Also prior to registration the memorandum and articles of association must be prepared. The form of the memorandum is set in tables. The forms necessary for drafting these documents can be purchased from legal stationers, accountants, solicitors.

Registering with the Registrar of Companies in the United Kingdom

Most of the legal entities in UK must be registered, and the private and public limited liability United Kingdom companies must do so as well. In order to register these British companies, incorporation documents must be filed to the Registrar of Companies, at the Companies House. Besides the memorandum of association and the articles of incorporation, the investors must provide a copy of the articles, a declaration of conformity of the regulations imposed by the Companies Act, an application for registration containing the name of the company, the registered office address, the country of registration, details regarding the liability of the company members, details regarding the shares, details regarding the capital, information about the company’s representatives or agents and a list with the directors and secretary.

This procedure is easily completed with qualified advice. Companies may be registered online for incorporation in the same day. The Registrar of companies issues approval in a short period of time, or solicits additional information.

Registering for VAT and PAYE    

After the registration certificate is issued, the public or private limited company must contact HMRC (Her Majesty's Revenue and Customs) to register for corporate tax. Simultaneously the company must separately contact the Inland Revenue in order to organize a contribution scheme for national insurance and PAYE tax (Pay As You Earn). After submitting the required application and company identification documents, the company will be issued a reference number.

Signing for employer's liability insurance

After receiving the reference number, the founders must notify the Employer's Liability, a compulsory insurance. For this purpose an application including company identification documents and registration certificate must be submitted. There is a minimum for the employee’s liability insurance with a value of 5 million GBP. 

Setting up a company in UK from abroad

UK is one of the most important states in which foreign investors wish to operate. The government encourages it, guaranteeing nondiscriminatory behavior and same legislation for foreign investors as for nationals. Foreign investors are free to use any currency and to fully own companies. A company can be set in the UK by assigning a representative to conduct the incorporation process.

How long does it take to found a company in the UK?

Most of the procedures are completed in no more than one day, due to the modern technology that allows online registration. However contacting the HMRC for registering to PAYE may take up to a week. Setting up a company in UK is completed in approximately two weeks, but may take even less.

 




Open Business in United Kingdom
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Company Formation in the United Kingdom

London

BridgeWest provides company formation in UK. Our assistance includes:

> drafting the Articles of Association (necessary for the company incorporation in UK);
The Articles of Association of th ... [More]