There isn’t a requirement to be a UK resident or citizen to establish and run a limited company within the UK. You’ll be able to complete all the UK company formation process online without ever having to travel here, which is very convenient for non-residents.
On this post, we discuss the very best technique to register an organization within the UK, explain how the corporate formation process works, and description the data it is advisable provide to establish a UK company as a non-resident.
The right way to register an organization within the UK
To register an organization within the UK, it is advisable complete a proper application form. The method may be very easy, and it’s the exact same whether you reside within the UK or overseas.
The most effective technique to form an organization is to make use of the services of a good online company formation agent, like Rapid Formations. We make the method as easy and stress-free as possible by providing every thing it is advisable arrange a UK company as a non-resident.
This includes specially tailored packages, an easy application form, and skilled advice and assistance every step of the way in which. So, let’s take a take a look at the 4 easy steps it is advisable follow to establish an organization online through Rapid Formations.
Step 1: Select an organization name
Step one within the UK company formation process is to decide on an organization name and check that it is obtainable to register. To seek out out in case your proposed company name is obtainable, simply enter it into the name search tool on our homepage.
If the corporate name is obtainable, you may proceed with the corporate formation process. Nevertheless, whether it is already in use, you should have to switch the name until you discover one which is obtainable to register.
When selecting an official name in your company, there are particular rules that it’s essential to follow. This is the reason it is advisable use the name search tool before completing the corporate formation application. The official company name rules and restrictions stipulate that an organization name:
- Can’t be the ‘same as’ or very much like one other company’s name
- Must not include any restricted or ‘sensitive’ words or expressions
- Shouldn’t be offensive or include any words that will constitute an offence
- Must end with the word ‘Limited’ or the abbreviation ‘Ltd’, unless exempt
- Must not include prohibited characters, punctuation, signs, or symbols
It’s best to also discover if your organization name is obtainable to register as a site name in your website.
Step 2: Select one among our Non-Resident Company Formation Packages
The subsequent step within the formation process is to decide on a package to register your recent company. At Rapid Formations, we’ve designed two Non-Residents Packages to suit the precise needs of non-residents who wish to establish a limited company within the UK.
Our Non-Residents Package provides every thing it is advisable form a UK company and begin trading, including:
- Incorporation of a UK private limited company
- Clever UK business checking account with international banking, allowing you to send money to 70+ countries and receive and hold 50+ currencies
- Full set of digital company formation documents delivered by email, including a certificate of incorporation, memorandum and articles of association, and share certificates
- Digital company registers with first entries, which is a legal requirement of all UK limited firms
- Full set of printed company formation documents delivered by post, with free international tracked delivery to anywhere on the planet
- VAT Registration with HM Revenue & Customs (HMRC)
- London registered office address (free for 12 months, price £39.00) – legally required by all UK firms
- 1 x London service address (free for 12 months, price £26.00) – legally required by UK company directors, subscribers, and PSCs
- London business address service (free for 12 months, price £89.00)
- Free Online Client Portal account to administer your organization’s registered details and statutory filing requirements
- Free telephone support for the lifetime of your organization
- Free .com or .co.uk domain name
- GDPR Compliance Package – to make sure that your organization fully complies with the EU’s General Data Protection Regulation (GDPR)
- 12-month cancellation protection – if you happen to change your mind throughout the first 12 months and judge that you simply now not need your organization, we’ll close it for you
In the event you select our Non-Residents Plus Package, you may even profit from the next services:
- Call answering with a singular business telephone number and two dedicated receptionists (free for 12 months – price £199.99)
- Full Company Secretary Service to care for your organization’s compliance (free for 12 months – price £149.99), which incorporates:
- An appointed company secretary
- A dedicated account manager
- Preparation and filing of your annual confirmation statement
- Preparation and maintenance of your statutory company registers
- 10 changes per 12 months to your organization’s registered details
Our business banking solution for non-residents
A Clever UK business account, which is included with our Non-Resident Packages, is a really perfect banking solution for non-residents. It permits you to send, spend, and receive multiple currencies with the true exchange rate. You’ll get your personal UK account number and type code, Eurozone IBAN, US account and routing number, and Australian account number and BSB code – no matter where you might be on the planet.
Step 3: Add optional extras and take a look at
Once you’ve got chosen your organization formation package, you should have the chance so as to add ‘optional extras’ (additional services) to your order before testing and completing the appliance form. These optional extras include:
- Free consultation with a number one London accountancy firm to debate financial and tax matters
- Apostilled Document Service to legalise your organization documents for overseas use
- Company Seal to emboss official paperwork along with your company name and registration number
- Additional service addresses (if your organization has a couple of director, shareholder, and PSC)
- Pre-Submission Review by one among our company formation experts, who will check your application for any mistakes or missing information
You’ll then be ready to examine out, pay in your package and any additional services, and proceed to the ultimate step – completing the net application form to register a UK company.
Step 4: Complete the net application form
The ultimate step within the UK company formation process is to finish our easy online application form. To do that, you’ll need to offer the next details about your organization and the individuals who will own and manage it:
Company name
Your chosen company name shall be mechanically added to the shape. Check the name to make sure there are not any spelling mistakes, that the letter case and spacing are correct, and that you’ve got included ‘Limited’ or ‘Ltd’ at the tip.
Registered office address
Our London registered office address shall be mechanically added to the shape. This shall be your organization’s official address, which is able to appear on public record. All government correspondence from Corporations House (the UK registrar of firms) and HMRC (the UK’s tax authority) shall be delivered to this address. When any such mail is received, we’ll scan and email it to you on the exact same day.
Standard Industrial Classification code (SIC code)
It’s essential to provide a Standard Industrial Classification code (SIC code) to explain and classify your organization’s primary business activities. You’ll be able to select a maximum of 4.
Our online company formation form features a SIC code search facility, which you should use to seek out the suitable code(s) in your company. Nevertheless, you might wish to seek out your organization’s SIC code(s) on the SIC code list before starting your order.
Articles of association
It is a constitutional document that sets out the principles for running your organization. We are going to offer you the usual ‘model’ version of the articles of association. That is suitable for many limited firms, so that you don’t must worry about creating your personal.
Nevertheless, if you happen to do wish to offer bespoke articles of association to suit the precise needs of your organization, you may upload a replica to your application.
Director’s details
A minimum of 1 director should be appointed to the corporate. For every director, it’s essential to enter the next details:
- Full name
- Date of birth (should be a minimum of 16 years old)
- Home/residential address (this may not appear on public record)
- Service address (this may appear on public record) – enter our London service address on this section
- Nationality
- Occupation (optional)
Directors are the individuals who manage an organization on behalf of its shareholders. You’ll be able to appoint yourself as a director and/or you may appoint other people to this position.
It’s commonplace for the administrators of an organization to even be shareholders. This implies which you could arrange and run the corporate on your personal, by appointing yourself as a director and a shareholder. Alternatively, you arrange and run the corporate with other people.
Shareholder’s details
A minimum of 1 shareholder is required. For every shareholder, it’s essential to enter the next details:
- Full name
- Date of birth (no minimum age requirement)
- Home/residential address (this may not appear on public record)
- Service address (this may appear on public record) – enter our London service address on this section
- Nationality
- Three security details (to create a secure online signature)
- First three letters of mother’s maiden name
- First three letters of father’s forename
- First three letters of town of birth
Shareholders are the individuals who own and control the corporate. You’ll be able to add yourself as a shareholder and/or you may add other people to this position.
It’s normal for the shareholders of an organization to even be directors. This implies which you could own and manage the corporate singlehandedly, by appointing yourself as a shareholder and a director. Alternatively, you own and manage the corporate with other people.
Share capital
To form a limited by shares company, you might be legally required to issue a minimum of 1 share for each shareholder. In the event you are forming the corporate on your personal, you may simply issue one share to yourself.
It’s necessary to take into consideration your long-term plans before deciding on the variety of shares you issue. Do you wish to sell shares to herald investment or recent business partners in the long run? Do you wish to gift shares to your spouse or members of the family? You’ll be able to at all times issue more shares after incorporation if need be.
Our guide to limited company shares provides more information on shares and share capital. But if you happen to need more guidance, or you’d relatively speak to one among our company formation experts, please contact us and we shall be joyful to advise.
Individuals with significant control (PSCs)
People with significant control (PSCs) are individuals who own and/or control a certain percentage of a limited company. Often (but not at all times) the PSCs are the shareholders.
You will want to discover your organization’s PSCs and supply the next details for everybody:
- Full name
- Date of birth
- Home/residential address (this may not appear on public record)
- Service address (this may appear on public record)
- Nationality
- The PSC’s ‘nature of control’ in the corporate:
- They hold greater than 25% of issued shares
- They hold greater than 25% of voting rights
- They’ve the correct to appoint or remove the vast majority of directors
It’s normally very easy to discover and determine who your PSCs are. For instance, if you happen to’re establishing an organization on your personal, you shall be the one PSC. Or, if you happen to’re forming an organization with just one or two other people and also you all take the identical number and value of shares, you’ll all be classed as individuals with significant control.
Submitting your organization formation application
If you’ve got the entire required information handy before starting the UK company formation process, it should take now not than 5 minutes to finish the net application form.
When you’ve finished, we’ll electronically file your application at Corporations House for approval. Most firms are approved and registered inside 3 to six working hours. Your organization is prepared to start out trading as soon because it’s incorporated.
When your application is approved, we’ll notify you by email and offer you digital copies of your organization formation documents and company registers. These are extremely necessary, so it’s essential to keep them secure and retain them for the lifetime of your organization.
We are going to post printed copies of your organization documents by tracked delivery, freed from charge to any UK or international address of your selecting.
So there you’ve got it…
At Rapid Formations, we now have been providing company registration services to non-UK residents for quite a lot of years. We’ve made the method as straightforward and reasonably priced as possible by designing a variety of special packages, creating an easy online application form, and providing 24/7 support from our team of UK company formation experts.
Our Non-Residents Packages include every thing it is advisable register a UK limited company and begin trading, including prestigious London company address services, company documents with free international delivery, business banking and accounting solutions, VAT registration with HMRC, GDPR compliance, and far more.
In the event you would really like to seek out out more about establishing a UK company as a non-resident or need assistance forming an organization, call our team of company formation experts on 020 7871 9990 or contact us online. You may as well comment below with any questions you will have.
