Company Incorporation in the United Kingdom (UK)

The United Kingdom is the economy’s largest business city. Investor entered into UK market in order to gain global presence. Basic and fundamental facilities, strong governance, well-implemented rules, and regulation have fascinated a people across the globe for office location.

Types of Business Structure can be Established in the United Kingdom:

Sole Proprietorship: It is the most common form of business structure. This type of entity can be established by ‘one man’ or micro-businesses with very few employees. The owner is personally liable/responsible for business’s debt. It is not legally distinct/separate from the owner. VAT registration is required, if Vatable Turnover is over than £85,000 otherwise, the option is on sole trader either to take registration under VAT or not.

Partnership: This type of Business Structure is formed by 2 or more people. Partners are personally responsible for the Debts. In partnership, a willing person has to register, the partnership for Self-Assessment with HMRC if, a person is “nominated partner”. If VAT taxable turnover is more than £85,000 then, Partnership must be registered at VAT department

Company: Business Structure can be established in the form of four types of companies as described below:

1. Private Companies (Limited by Shares)- For incorporation of this type of Company, only one member is required. Its liability is limited to the number of unpaid shares (if any). They are Managed by Board of Directors.

2. Private Companies (Limited by guarantee)- Only one member is required for UK Company Incorporation. This type of entity doesn’t issue shares. In the event of winding-up, Members serve as guarantors and contribute to the company’s assets.

3. Private Unlimited Company- In this type of Business Structure, Liability of members is unlimited.

4. Public Limited Company- In this type of Business Structure, Liability of members is limited to the value of unpaid shares. It is not necessary, to have share capital for limited liability company registration. Authorized to sell shares to general public.

Documents required to be submitted before registration:

• Articles of association;
• Memorandum of association;
• Declaration of Compliance;
• Statement by the First Directors and Secretary;
• Notification of the location of the Registered Office;

Procedure for company registration:-

• Select the name of Company;
• Set up a UK address for the company;
• Provide the details of at least one director and shareholder;
• Register your business with Companies House. It can be registered online if the company is limited by shares and uses standard AOA. If it cannot register online, then it can be done by post using FORM IN01;
• Once the company get registered, COI will be issued;
• Set up your company for Corporation Tax;

A seeking investor who wants to invest in United Kingdom Market need not worry Enterslice is ready to guide you step-by-step. The interested one can raise their query on our mail id- info@enterslice.com. Detail information is also provided on our website www.enterslice.com.