EntersliceCompany incorporation services in the UK

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.

What you could expect from Enterslice’s company incorporation services

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Customised incorporation

You choose your business category, and we will customise our services to your structure to ensure hassle-free company incorporation.

CFO Services

Expert advice and consultancy

Incorporation of a company Without appropriate advice and consultancy is a significant risk for a company. We can keep your company secured by time-to-time expert advice for incorporation.

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Support and assistance

At Enterslice, our belief is to build long-term relations with our clients. Our journey with you is not limited to company incorporation but assists and supports you whenever you face difficulty with your business operations.

Our Roadmap for Your Company Incorporation in the UK

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Advisory

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.

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necessary paper Assistance

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.

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Planning & strategy

Depending on your business goals and activities, you will need Enterslice to plan and strategise these goals as per the local regulations.

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Compliance

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.

Types of companies in the UK

There are mainly six types of companies in the UK within which a company could be incorporated in the UK.

1.Public limited company (PLC)

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.

2. Private company limited by shares (LTD)

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.

3. company limited by guarantee

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.

4. Unlimited Company (Unltd)

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.

5. Limited liability partnership (LLP)

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.

6. Community interest company

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.

Challenges company’s face at the time of company incorporation

Heavy administrative work attached to business registration

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.

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Complicated tax structure

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.

Cultural barriers

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.

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Enterslice company incorporation services

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.

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The company registration process in the UK

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.

1. Step- 1 Choosing the type of business structure

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.

2. Step 2 -Conducting company’s name search

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.

3. Step-3 Appointment of directors

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.

4. Step 4- identifying people with significant control (PSC)

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.

5. Step-5 necessary paper preparation

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.

6. applying for company registration

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.

Requisites before initiating company registration

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.

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necessary papers required at the time of company registration

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.

Benefits of incorporating your company in the UK

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Easy company registration process

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.

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Excellent global reputation

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.

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Attractive tax regime

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.

Let’s Connect with our best company incorporation experts

If you have any questions or problems with company incorporation, please contact us. We will provide you with immediate help.

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Enterslice company incorporation assistance & support

Limited company registration support

Connect with us and get your company registered in no time; we assist with certificates of incorporation, articles of association, memorandum of association, business bank account opening, and in-house support for Paper works.

Apostille services

With our help to get your necessary papers apostilled and legalised by the UK legalisation office, we will fast-track your Paper works without any hidden fees or bureaucratic influence.

Offshore company incorporation services

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.

Tax Structure for Corporations In the UK

Corporation Tax

Structured companies, such as limited companies or foreign companies incorporated in the UK or having a branch or office in the UK, must pay corporation tax. It is a tax paid annually on the profits that a business makes annually by conducting its business. Profits under £50,000 are charged a small profit rate of 19%, profits over £250,000 are assigned a primary rate of 25%, and profits falling between £50,000 and £250,000 are assigned an introductory rate of 25%.

Income tax

A sole trader, freelancer and self-employed entity must pay income tax through a self-assessment tax return, which must be paid by 31st January. The company must register as a PAYE (Pay as you earn) if the business has directors and employees.

VAT

VAT is changed only when the business is a VAT-registered business, which is mainly charged at 20%; a company must register for VAT if the taxable turnover is more than £85,000, which is a compulsion.

Business rates

Business rates are paid to local councils if a company is being operated out of a dedicated business location; this business rate is to be paid to the local council.

What to expect from enterslice

Vision & core values

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.

Customer-centric services

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.

Convenient and consistent

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.

Reputed & trustworthy

If you go by word of mouth, all our clients give positive feedback for our services, making us a reputed and reliable organisation.

Opening a Bank Account as Part of Registration in UK

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.

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Potential benefits after taking Enterslice’s company incorporation services

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We make it easy

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.

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Personal asset protection

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.

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Gain credibility

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.

Helping you set up a new business

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.

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Frequently Ask Questions

A company in the UK can be incorporated by registering your business with the company house, which is the UK government's official registrar of companies; a person can fulfil the necessary Paper works process can submit an application through electronic software filing or take the help of a genuine consultant who could walk you through the process.

Company incorporation in the UK costs around 1500 euros. There are other charges, such as 1200 euros for the registered office, 4950 euros for corporate bank account opening, and 3950 euros for residence and employment visa for one employee.

Yes, a foreigner can set up a business In the UK as citizenship is not a criterion for business incorporation; even in the UK, there are no restrictions regarding the nationality of the directors or shareholders.

Yes, citizenship is not a criterion to establish a business in the UK; business owners can follow the established procedure for company incorporation, pay corporation taxes and initiate their business.

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 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.

Yes, one person who could be a shareholder or a director can open a company in the UK. The director will be the shareholder and have 100% ownership of the company; there is no limit on the number of shareholders.

A non-resident needs to apply for a UK visa, then choose a legal structure for his business, incorporate his business, and register for taxes, and within no time, the UK company registry will issue a certificate of incorporation.

Yes, a person, after owning a genuine visa, can stay in the UK if they own a business there. Still, within the innovator founder route, strict criteria must be met, including that your company must be genuine and approved by the regulatory authority.

Yes, anybody of any nationality can start a business in the UK. One doesn’t need a residential status or even exist in the country. The only mandate is that the company must be registered to a UK address.

Private equity, commercial real estate, and open-ended investment companies are some of the UK's most popular and profitable businesses.

Registered SAIL Service

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.

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Our Success Story

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.

We partner with more than 100+ companies

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