Company Registration in UK

It is very easy for non-UK residents to register a company in UK as the registration procedure of Non-UK residents is very much similar to the residents living in UK. Even you don’t have to live in UK in order to start a company. The only important thing you want to do is that your company must be registered with companies’ house in England & wales, Scotland or Northern Ireland (which entirely depends upon the location of the company)

The main requirements for registering a UK limited company are –

• Only one director is required for the company registration but there is no limit to the appointment of directors. The appointed directors should be more than 16 years of age.
• The second important requirement is that only one shareholder is required for the company registration but there is no limit to the appointment of shareholders.
• The third requirement for company registration in UK is that company registering in UK must have a UK address and appears on public register too.
• The other requirement is selection of the company name. The name chosen by a non-UK resident for the company should be unique and does not contain any prohibited words.
• Director’s /owner’s service address is also an important requirement. Every director, secretary & PSC must provide service address to the companies’ house. The address can be located anywhere in the world but it should be available on public record.

The benefits of incorporating a company in UK are given below –

• The regulatory & legal requirements for starting a company in UK are much easier in comparison to other countries. This is all because of UK color-coded online system which helps the business owners in registering not only the company but also filing their returns. It also helps in reducing the barriers for a person to start a new company in UK. UK is considered as first in Europe and sixth in the world for starting a new company.
• UK government provides various financial schemes not only to the investors but also to the founders & employees of the company. In case you sell your company, you can claim entrepreneur relief of £10 million & investors can also claim tax credits up to £150000 on their investment each year.
• UK has an efficient communication system and the most extensive broadband market among G7 countries and considered as one of the strong ICT infrastructure in the world.
• As Per OECD, product market regulations in UK is second in the world as well as considered as –
  1. Least restrictions in case of entrepreneurship in the world
  2. Third least barrier for trade and investment in the world.
• Speaking in international language gives UK companies an edge in case of communicating globally.