Registering a company in the UK does not compulsorily require UK- residency. If you are a Non-UK resident, then don’t worry about the incorporation of a company in the UK for better business prospects. You will get a number of companies that will provide you entire set of online services regarding company incorporation.
But UK laws are extremely strict in terms of fulfilling legal requirements and providing appropriate and complete information about the company. Rules and regulations of the company formation keep on varying for different types of companies.
A legal representative, an accountant or a company formation agent in the UK can advise you to have a non-UK bank account and enter into the business market with the help of the bank.
You can also approach good Accounting Firms in London, these organizations are specialized to provide all services for incorporating a company. Further, accounting firms can help you to satisfy legal requirements of HMRC, which includes obligations like submitting financial statements at the year-end, registering for company Tax, and precise recording of transactions and proper documentation of legal entities.
Here, we tried to put the entire process of company incorporation in 4 basic Steps which are usually followed by every Non-UK resident for incorporation and registration of a company in the UK-
- Step 1: Decide a Unique available Name and Register a company on that Name with Companies House.
- Step 2: Provide all required information about at least one director one shareholder. You also provide information about all directors and shareholders if in case it is needed.
- Step 3: Register official or registered office address of your company.
- Step 4: Open a Non-UK resident bank account and register for VAT, PAYE and Corporate Tax with HMRC.
Hence, it is just a deal of two to three days for a Non-UK Resident to set up a company in the UK. You have a choice to perform an entire process by yourself or hire any good accounting firm for it. We would suggest you outsource company incorporation services from any UK based accounting company, so you don’t have to worry about the settlement of legal, corporate business, tax and accounting formalities.