The UK is an attractive destination for businesses globally; due to its strong governance, high-quality facilities, well-equipped infrastructure and well-implemented rules and regulations, it is chosen as a top destination to incorporate a business. Before initiating the company incorporation procedure, our expert team of Enterslice will connect with you to advise you, make you aware of the business structures prevalent in the UK, and deduce the appropriate structure per your business plan. We believe planning and structuring your company’s incorporation must be done in your presence. Hence, the intricacies regarding paid-up capital, Paper works, and UK company house-related requirements will be discussed with you.
Right from choosing a suitable business type to capital requirements and the need for a license, with the help of our advisory experts, you can plan your business goals and activities effectively.
Company incorporation includes formulating necessary papers such as KYC necessary papers, proof of address and passports of directors and shareholders, certificate of incorporation, memorandum and articles of association, etc. Enterslice has a separate team of Paper works experts who will walk you through the Paper works process.
Depending on your business goals and activities, you will need Enterslice to plan and strategise these goals as per the local regulations.
Incorporation without compliance is impossible, so we have a separate team of legal experts who will assist you in understanding and complying with the laws and bylaws necessary for company incorporation in the UK.
There are mainly six types of companies in the UK within which a company could be incorporated in the UK.
A corporation whose ownership is open to the public is known as a public company. In this, any entity can buy shares in the company's stocks. In a public limited company, there is a fixed sum financial liability upon an individual, generally the value of their investment. Within this, the shareholders are responsible for the company’s financial liabilities to the extent of their investment. A public limited company can start their business only after allotting the shares worth £50,000 in value.
A private company in the UK could be owned by an NGO or a small number of shareholders because the sale of the company share is to be handled privately. No members of the public can hold it. Like a PLC, an individual investing in an LTD pertains liabilities to the extent of their investment.
In this type of company, there are no shareholders; instead, they typically have guarantors who promise to contribute a nominal sum of money in the event of winding up.
Unlimited companies are similar to limited companies, the only difference being that there is no restriction on the amount of money a shareholder has to pay in case of formal liquidation. The company’s outstanding financial liabilities get settled in a legal liquidation scenario no matter the extent of investment they may have made.
In the UK, legally, LLPs are not considered partnerships. They are treated more like incorporated entities. In an LLP, the status of some or all the partners is such that they are responsible only for their misconduct or negligence. There is no collective responsibility attached to the partners. In an LLP, the partners can manage their business; unlike other corporations where the company elects the board of directors, the chosen board employs other people to manage their business.
In this type of company, the objective behind the establishment of the company is not to maximise the profit of its shareholders. Still, instead, they create the company to use the assets and profits to benefit the community.
In the UK, incorporating a business is easy, but abiding by the administrative procedure is complex. Generally, company incorporation takes only 48 hours for a very minimum fee. Still, one needs to deal with HMRC, i.e. Her Majesty’s Revenue and Customs, which is the tax authority of the UK, to register as a pay-as-you-earn (PAYE) employer; there are many administrative procedures the authorities aren’t very efficient due to which delay occurs.
An average business in the UK spends around 100 hours completing their tax returns, through which they ensure that they are compliant with relevant tax obligations existing in the UK; there is no payroll tax system in the UK, which is why withholding employee income taxes, environmental charges and sales tax is a routine activity.
Without assistance, it is tough to manage a business in the UK due to the reserved nature of British people; therefore, making decisions involves a lot of bureaucracy, which sometimes gets frustrating.
Our experts offer easy and hassle-free Paper works assistance with checklists and updated formats occasionally. Incorporating a cross-border company involves multiple compliances, which, when not appropriately followed, cause delays in the licensing process. Our legal team will help you in systematic compliance formulation along with time-to-time compliance support per the regulation changes. We customise FinTech strategies as per your company's business model. To achieve the same, we assign a dedicated fintech expert who will provide expert guidance and support and help you make the right decisions for your company.
Company registration in the UK is regulated by the Companies Act 2006. The UK company registry, known as the company house, expects companies to follow a specific procedure before applying for company incorporation.
A suitable business structure is the essence of any business; choosing an appropriate type for your company is essential before applying for registration; there are many factors upon which a type of company depends, such as the nature of the business, number of members/partners and area of operation.
Within the Companies Act are specific rules related to the company’s name and compliance, which must be followed by the company registering for incorporation. The company's owners must check the availability of the company name while complying with the requirements of the Trademarks Act.
Having at least one shareholder who can take care of the company affairs is mandatory before applying for company registration. The company director can himself be the shareholder; it is necessary to appoint management executives such as company secretaries and compliance officers.
People with important control are those having 25% shares and voting rights in the company; they could be the directors and shareholders of the company, and their details must be included within the PSC register and the company’s incorporation form.
Legal necessary papers such as a memorandum of association and articles of association are to be attached by the applicant, along with the company registration form.
Upon fulfilment of the above-listed mandates, the applicant must choose an SIC code, i.e., a standard industrial classification of economic activities code for the company. This code tells about the activities carried out by the company. Company registration is to be applied with the company's house accompanied by corporation tax if interested.
A company willing to register itself in the UK must have a unique name and must not comprise forbidden terms or an identical name like another registered company. The company must have a registered office address through which it conducts its business, and its location must be mentioned in the public record. The directors of the company must be above 16 years of age. Only one shareholder is required to establish a company, and two shareholders are required for partnership and limited liability partnership. One natural person must be a company director. The director, company secretary or any other person must provide their service address to the company’s house, which will be in the public record.
necessary papers such as the memorandum of association and articles of association, valid passport and visa, details of company shareholders, details of company PSCs, details of the registered address, details of the service address of all PSCs and directors, address proof and ID proof necessary papers, UK bank Account details are the list of necessary papers that must be attached at the time of registration.
The company registration procedure and requirements in the UK are simple: a single director and shareholder can form a private company, 100% foreign ownership is allowed, company incorporation is possible in just one week, and a company in the UK is inexpensive to set up.
The UK has an excellent reputation globally for looking good to customers, suppliers, governments and banks. In many countries, the company law of the UK is the very basis of their company law. Hence, the structure of the companies is well understood by most people.
A foreign company established in the UK can be a tax resident of another country and can still open a UK corporate bank account if they have no sales in the UK, no office in the UK, and its owners reside outside the territory of the UK. Companies benefit from dividends, which have tax exemption. Also, the tax is exempted on the dividends paid to foreign residents. A tax credit scheme exists for the companies involved in research and development.
If you have any questions or problems with company incorporation, please contact us. We will provide you with immediate help.
Our offshore company incorporation services are for those who would like to invest and own residential and commercial property, intellectual properties, want to acquire a portfolio of business investments and assets where confidentiality of ownership is required, if you are willing to obtain any of the following then we offer services which include government sealed incorporation certificate and register of company officers, identification of necessary papers, business account setup service.
We have faith in your trust and can do anything to keep your trust intact; we engage the community without staking our core values and vision.
We understand that the core of any business is its employees; our team of experts are polite and competitive and responds efficiently to the queries of each customer; our belief is to develop long-term and trustworthy relationships.
We provide our clients with an environment that is convenient and consistent for them. We work without friction and with the ties of trust and credibility.
If you go by word of mouth, all our clients give positive feedback for our services, making us a reputed and reliable organisation.
Following the company’s successful registration in the British Virgin Islands, Enterslice will open a corporate bank account with a respected international bank within four weeks. As such, if you hire our expert consultation, you should be able to begin working with the Uk business in around five weeks.
We aim to assist you in quick and accurate company incorporation along with easy and hassle-free paperwork; the dilemma you feel when entering the Canadian market could be resolved with our assistance.
Incorporation creates a separate legal entity for a corporation entirely different from its shareholders and other members; along with incorporation, we also focus on shielding personal assets from creditors and any other future legal actions.
Incorporating your business with the help of enterslice will make incorporation easy for you, ultimately providing added credibility and trust to your organisation from potential investors, customers and business partners.
Our team will advise you on the best structure for setting up your business. We will guide you on the company’s article of association, directors, share capital and the choice of the company’s name. Our responsibility will be to ensure that you avoid any pitfalls that could unnecessarily welcome expensive legal proceedings. We choose straightforward ways of setting up a company and handle all the intricacies.
Every company and limited liability partnership must have a publicly available address and a registered office, which must be in the public records of the company's house. These necessary papers can be kept at statutory registers or SAIL (single alternative inspection location). For this, you will need our assistance. We can connect you with the entity registered as SAIL.
We have 20+ years of experience in assisting entrepreneurs in their company incorporation domain along with licensing, company establishment, and other legal compliances; our journey is full of success stories that we achieved through these years by making the right decisions for a budding or an incorporated company.
“Enterslice use technology better than others. That saves time and money; Team enterslice is more efficient than traditional competitors, and that helps to pass on the cost advantage to its clients. The company is building a high-level transparency in legal services by optimum use of technology and process automation in consulting. I highly recommend this company.”
“Excellent advisory role by Enterslice Team. They are a trusted partners to us. Narendra and his team helped us with our pre NBFC applications and Post NBFC advisory services.”
“Amazing services provided by your organization. They have completed our NBFC registration order within stipulated time period of 90 days. They provide constant guidance and support in the process. Their support in building fintech software is amazing.”
“I chose Enterslice to start my new Indian adventure as entrepreneur, and respect my past experience i was surprised by their professionalism. In particular, Raksha T. followed my startup process, and i was delighted with her support on every moment. Great, great experience.”
“I came to know about Enterslice through a friend. Since then I have done GST Registration through them. The services are consumer centric and fast. I have recommended them to many of my acquaintance already.”
“Great set of people working together. Very customer friendly. I am very satisfied with the food license registration services and will definitely come back for other similar requirements.”
“They provided customized and Highly skilled CA &services. The management invests themselves in your work. They ensured timely NBFC registration and are always ready and prepared with excellent advisory services. The best part of working with Enterslice is they are not having expertise of law but they are well versed with Digital marketing skills &fintech business model.”
“I have registered my Trademark through them. The application was filed within 3 days. And the charges were also very reasonable. We got TM Approved in 6 month’s time without any re-submission or objection. They charge high to deliver the best in industry.”
“I would like to thank the Enterslice team for the excellent business plan made by them. They understood our requirement and gave us exactly what we wanted. Thank you Team Enterslice.”
“Thanks for your services. The team is really professional. They make sure that things are delivered in time. The best part about Enterslice is the consultative approach and guiding us on all our business matters.”
Haiden Group - UAE
Stay updated with all the latest legal updates.
Just enter your email address and subscribe for free!