Company registration in the UK

World trends of the modern market allow entrepreneurs to freely go to the international level and successfully conduct activities in other countries. However, the state in which the enterprise is registered does not always offer favorable conditions for conducting such business, suppressing taxes and imposing certain restrictions on some types of activities. In this case, the only sure way out is to create a business outside your country.

Great Britain offers entrepreneurs many sources of income. The Tax Code is optimized here, and legislative acts are clearly prescribed. It is for this reason that more and more entrepreneurs prefer to open a company in Great Britain and conduct business activities on the territory of this country.

Why is it beneficial to register a business in Great Britain?

The defining advantage of the Western European state is a widely developed industry and leadership in the political, economic and financial spheres of activity. All this allows entrepreneurs to develop in almost all directions. In addition, by organizing the right corporate scheme, you can almost completely get rid of taxes, save and increase your profit.

Many mistakenly believe that the Western European state is part of offshore states. But in fact it is not so at all – UK offshore does not work. The country's tax and legal codes allow entrepreneurs from any country to conduct transparent and, at the same time, profitable activities. For this reason, British companies are always in demand and respected both in the domestic market and in European countries.

What forms of company registration exist in Great Britain?

In order to understand what documents need to be provided in order to register a business in Great Britain, you must first decide on the type of intended activity.

There are a total of 9 types of entrepreneurial activity:

1. LTD – limited liability company.
2. LLP – limited liability partnership.
3. Limited partnership (LP) – limited partnership.
4. PLC – open joint-stock company.
5. A branch of a foreign company.
6. A self-involved person.

The most popular among non-residents is the first type Private company limited by shares – limited liability company. What is attractive for entrepreneurs here is that all activity, as well as responsibility, falls not so much on the owner (founder), but directly on the enterprise. In addition, there are no restrictions regarding the citizenship or place of residence of the person who decided to open such a firm. But, unfortunately, this type of activity is not suitable for everyone. For this reason, in order to properly register a company in Great Britain, it is better to seek advice from a specialist in the field of offshore business – to the Crystal Tax company. Here you will receive comprehensive information on all issues that interest you, and you will be able to enlist the support of professionals.

How to open a company in Great Britain?

All interested parties, regardless of the type of activity, are subject to certain requirements, without compliance with which registration will be impossible. Namely:

• the founder must be a person who has reached the age of 16;
• registration is possible only if there is a real address of the organization's office on the territory of the British state;
• director can only be a natural person;
• all documentation is submitted electronically through the site.

At the same time, when filling out the registration data, you need to specify at least 3 different variants of the name with an indication of the organizational and legal form, as well as provide a copy of the passport of the founder (director) with a photo, specify passport data (name, date of birth and document ) confirms the address of residence) and the amount of authorized capital. It is not recommended to use a fictitious address for submitting documents or registration, as a letter with a certificate of registration of the institution will be sent to it later and an activity check may be carried out.

Who can help start a company in the UK

The Crystal Tax team specializes in providing registration services and legal support for the activities of various enterprises outside of Ukraine. Cooperating with us, you are guaranteed to get:

• quality services and many years of experience of hundreds of organizations with which we have previously cooperated;
• full or partial anonymity (at your discretion);
• a team of leading experts in the field of law and finance;
• comprehensive approach to solving key tasks;
• maximum involvement and responsibility during and after our cooperation.

We do what others only say! We accompany the client at every stage: from the moment of making a decision on registration of the company in Great Britain to the moment you receive the certificate of successful opening in your hands.