UNITED KINGDOM UNITED KINGDOM SERVICES

Business Set Up in United Kingdom

The United Kingdom has always been a big attraction for businesses across the world. If you also want to set up a business in the United Kingdom, then reach out to us to avail yourself of our quick and hassle-free business setup services.

Benefits of Doing Business in the United Kingdom

 

Largest and Most Dynamic World Marketplace

Ease of Doing Business

Tax Benefits

Ideal Environment for International Holding Companies

Capital Gains Tax Exemptions

Business-friendly policy

Highly Skilled Workforce

Flexible labour laws

Strategic Location

World’s Financial and Investment Center

Different Types of Business Structures in the United Kingdom

 

Private Company Limited by Shares

A private Company limited by shares is the most common type of business entity in the United Kingdom. Almost 95% of all the companies registered in the UK are private companies limited by shares. All the private companies limited by shares need to affix the word 'Limited' or 'Ltd.' at the end of their name. The law has not prescribed any minimum share capital for such companies, and any person can start a company with as little capital as £1. The liability of the shareholders is limited to the number of unpaid shares held by them. There is no prescription on the amount paid up on shares at the time of issue. The shares of these companies cannot be offered to the public. These companies should have at least 1 director, and there are no compulsions to appoint a company secretary. These companies are not as heavily regulated as public companies limited by shares.

Public Company Limited by Shares

A public company, often called 'PLC', is a business entity adopted for big businesses due to its ability to make its shares available to the general public through the stock market to raise capital for the business. Again, the financial liability of the shareholders is limited to the amount of unpaid shares held by them. The law prescribes a minimum share capital of £50,000 to incorporate a Public Company limited by shares. Further, a minimum of 25% of the nominal value and the whole of any premium payable on the issued shares must be paid up at the time of allotment of shares. These companies are required by law to have at least 2 directors and a company secretary appointed at the time of registration.

Private Company Limited by Guarantee

In this type of company, there is a pre-agreed amount that the company shall pay to its debtors in case the company shuts down. This form of business structure is usually adopted by non-profit organizations for purposes, viz., charity, education, clubs, unions, etc. These companies do not have shareholders, and there exists no share capital. The members of the company become the shareholders, and the guaranteed amount can be as little as £1.

Private Unlimited Company

The distinctive feature of this type of company is that there is no monetary limit to the extent of liability that may be accrued to the members of the company in case the company shuts down. This type of structure is valid for only those companies that are sure there is no case of insolvency. These companies are also not legally bound to submit their annual accounts to the Companies House.

Community Interest Companies (CIC)

A Community Interest Company is a type of private limited company that has been set up to carry out benefits for the community. Though it is a not-for-profit entity, it has to earn profits to remain solvent and apply the benefits of such profits for the benefit of the community and not for personal gain.

Unregistered Companies

These companies have not been registered under the Companies Act 2006 or any other Act of Parliament. Instead, they are created through Private Acts of Parliaments or a Royal Charter.

Branch Office

A branch office or a registered UK Establishment is a UK-registered overseas company. It has no separate legal personality, and its affairs continue to be governed by the directors and shareholders of the overseas company. This entity is an alternative to the registration of a separate company in the UK. However, a UK establishment has to be registered with Companies House to function as a branch office in the UK. The identities of the directors and authorized representatives shall be publicly available.

It is nothing but a local representation of an overseas company in the UK. This registration with the Companies House must be done within 1 month from the date of commencement in the UK. The cost of its registration depends on the country of registration of the overseas company. Its reporting requirements are similar to that of a UK private limited company. Its registration requires a physical address in the UK, and liability is subject to the requirements of the overseas company. It has to pay taxes only to the extent earned by the UK-based establishment.

Different Types of Taxes in the United Kingdom

The types of taxes available in the United Kingdom are as follows:

Corporate Income Tax

Value-Added Tax

Digital Service Tax

Stamp Taxes

Customs and Excise

Environmental Tax

Airport Passenger Duty

About our Services

Enterslice is one of the leading management consultancy firms which offers end-to-end business set-up, financial, regulatory, taxation, legal, and advisory services to early-stage businesses, start-ups, entrepreneurs, and large corporate houses across the globe.

Our United Kingdom Entry Strategy services involve the following services:

About the United Kingdom Entry Strategy

Our United Kingdom Entry Strategy is classified into the following:

Business Set-up Services

Business Structures available in the United Kingdom are Private companies limited by shares, Public companies limited by shares, private companies limited by guarantee, private unlimited companies, Branch offices, community interest companies, and unregistered companies. Our business set-up services include advisory related to the type of business structure you should opt for to set up business in the United Kingdom. Our team will assist you in the business registration process, in opening a bank account for the business, and in post-registration compliance.

Consultancy on Managing the Business

Our consultants formulate a strategic plan for establishing and operating the business depending on your business needs. We formulate a budget and develop cash flows for your business. We also review internal control processes and conduct business reviews. We provide advisory on issues related to the management of the business.

Legal Advisory Services

Our legal experts provide legal advice on business operations, finances, IP protection, etc. We also draft legal necessary papers for your business and review and compile the required Paper works. We also ensure that all legal and regulatory compliance are duly complied with.

Accounting and Audit Advisory Services

Our experts provide complete bookkeeping services, assuring the proper maintenance of different accounting records. This involves keeping thorough and organized financial records, such as cash books, general ledgers, fixed asset registers, and accounts receivable and payable sub-ledgers. In addition to this, we also provide financial reporting, accounting guidance, and bookkeeping services. They aid in the production of accurate financial accounts, ensure conformity to accounting standards, and offer qualified advice on difficult accounting matters. The accounts and financial statements are prepared to reflect the true and fair view of the company’s operations. On behalf of our clients, we ensure that the accounting and audit requirements are fulfilled.

Tax Advisory Services

Our tax experts assist clients in effectively managing their tax obligations and identifying opportunities to lower tax expenses. We ensure that the tax return is timely filed. We provide advisory on direct as well as indirect taxes. As the globe becomes increasingly linked, businesses regularly engage in cross-border transactions with intricate tax ramifications. Our customers obtain thorough advice on international tax compliance, double taxation agreements, transfer pricing, and international tax planning by using our worldwide tax consultancy services. Our knowledge aids companies in overcoming the difficulties associated with international taxes and strengthening their worldwide tax position.

Intellectual Property Advisory Services

Our IP Experts assist in IP Compliance. We assist in getting IP registration by filling out applications for registration and compiling relevant necessary papers. Our team of IP experts also advice on IP compliance and IP Protection. We also assist in enforcing IP rights against any infringement.

Frequently Asked Questions

The currency of the United Kingdom is Pound Sterling. It is denoted as “£”.

The United Kingdom is a preferred destination for doing business as it provides ease of doing business. It has a manageable tax system with a corporate tax rate at 20%. It has a vast pool of skilled employees, strong infrastructure, and facilities for doing business.

The benefits of opting for Enterslice for your business set-up in the United Kingdom are as follows:

i. Professional Support

ii. 24*7 Customer Support

iii. Highly Integrated IT Team

iv. Tailor-made solution for our clients

v. Competent Team of Lawyers, CAs, Cost Accountants, CSs, and CPAs.

vi. All-inclusive solution for our clients

Yes, Enterslice helps in choosing the type of corporate structure in the United Kingdom depending upon your business wants and the financial resources available.

Our Offerings

Why choose Us

15+ years of Industry Experience.
Global Network of CA’s, CPA’s, Solicitor’s and Attorney’s
Million Satisfied Clients.
Globally recognized consultancy with a presence over 22+countries.

Why Enterslice

24x7 Client relationship support desk.

Tech-enabled service delivery platform.

Dedicated foreign Investment desk.

50,000+ Network of Solicitor’/Attorney’s/CA/CPA/CFA.

Strong team of Inhouse Solicitor’s/Attorney’s/CA/CPA/CFA

 

A wide Network of Audit and Law firms in India.

Individual and Dedicated professionals on every assignment.

We register 100+ Companies every Month.

Connect with Enterslice today to connect with our team of Skilled Professionals, to avail any of our Premium Services.

If you have any queries related to the Process, feel free to contact us. We will provide
you with immediate help.

We partner with more than 100+ companies

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