Eternity Law International REGISTRATION OF THE COMPANY IN THE UK

REGISTRATION OF THE COMPANY IN THE UK

Published:
October 8, 2020

Registration of the company in the UK will allow you to develop business in one of the richest countries in the world. But before the business foundation you have to choose a legal form and a structure.

It will determine the basic rights of the company itself and business owners. For example, the taxation politics, distribution of profit and responsibility in case of losses.

In the UK you are free to manage a business in the forms of sole trading, unincorporated association, partnership, limited partnership, trust and limited company. In this article we will pay attention to the most popular structure – limited company.

This entity does not provide personal liability for the business owners. The company itself is responsible for its business affairs and can enter into transactions and sign contracts on its behalf.

THE PROCESS OF REGISTRATION

The process of registration is quite simple and requires at least one shareholder and one director. They may be the same person.

The activity and internal structure of the company are regulated by its Memorandum and Statute, as legislation does not make clear demands concerning these points. Limited Company is the most popular entity in the UK because of the simple procedure of registration, low requirements and rather flexible tax conditions.

First of all, tou have to choose the name of the company. An appropriate name is very important, as it allows to distinguish your business and services from the similar on the market. There is an international name register with the list of all names that are already taken.

Before the submission of the documents  you have to check it. If you choose a name that is unavailable, your application will be declined.  Also, there are several restrictions in part of naming. For example, you are prohibited to use general names as “Milk”, “Bread”, “Phone” and others. It also can not fill the names of the public authorities and government.

The last restriction is connected with offensive words. It is forbidden to use a name, which can hurt a gender, national or religious feelings. All the names have to start from the naming of the legal entity.

COMPANY EMPLOYEES

We have already mentioned that you need at least one shareholder and one director. But it is possible to appoint a few directors at once. In this case, you need to state their responsibilities in the Statute.

You do not have to hire a secretary, but this person is also important. You will state the secretary in each meeting document, so it is easier to appoint him or her at the beginning. One of the main duties if the director is to inform shareholders and company team about all the structure and legal changes.

Besides, the director prepares a financial report and presents it to the shareholders at the end of the financial year.

ADDITIONAL EMPLOYEES

Two other important employees are the accountant and lawyer. After company registration you have to pay regular taxes for all the business activities and submit reports to the tax service. The qualified staff will save you time.

Eternity Law International will gladly help you with registration of the copmany in the UK, and our specialists will answer all your questions. Take advantage of our many years of practical experience – save your time and your money.

Please join our Telegram channel in order to keep updated for the new offers.

You could be interested

IT Support Company in Dorset

This company specializes in providing a wide range of services related to the IT sector. The company employs a team of professional and highly qualified specialists in the field of engineering. They operate around the world, serving many partners in 150 countries and providing business support services. This helps to develop several sources of income...

IT company with 5 products For Sale

The interested buyer is invited to purchase five specialized computer systems that are used in the logistics and distribution areas. Large enterprises of small and medium business work with these systems. The systems have been in use for over 40 years. They have earned a good reputation for being a modern technological solution. The systems...

Ready-made company in Iran

What is included: Ready-made company in Iran, Local bank account Legal address Cost: on request. The government has created in Iran many free economic zones and special regions that are designed to promote external investment. Foreign entrepreneurs who will register and conduct their activities in these territories are offered more favorable tax rates depending on...

Manufacturer Refurbisher of Oilfield Service Stimulation Equipment for sale

Dear Buyer, This is a Manufacturer Refurbisher of Oilfield Service Stimulation Equipment for sale. The main direction of the professional activity of this enterprise is the development and production, as well as the repair of operating equipment, which is necessary for companies operating in the oil and gas industry. Such equipment includes various hydraulic fracturing...

Asset management company in Czech republic

An investment fund in Czech Republic; Year of company incorporation: 2020; Company has opened bank account in local Raiffeisen Bank; License was issued by the Czech Central Bank; The company did not conduct any activity, clean company, no debts; Share capital is fully formed; Limit for accepting deposits in EUR: 500,000,000; Possibility of nominee service;...

Ready made company in Malta with bank account

Buy a ready to use company in Malta with bank account : This company was founded in 09/2015 with the aim of providing Renovation, Fit-Out, and Construction services in Monaco, France and Greece. It was setup as a “HOLDING + OPERATIONAL” (HOLCO+OPCO) twin set of companies in Malta for tax reasons, due to the very...
Fill the blank:

Zurich

Dreikonigstrasse, 31A, Stockerhof

Kyiv

Baseina street, 7

London

Grosvenor Gardens, 52

Edinburgh

Lochrin Square, 1

Nicosia

Jacovides Tower, 5 floor

Tallinn

Kesklinna linnaosa, Tuukri 19

Riga

Esplanade, 7 floor

Vilnius

Gediminas Avenue, 44A

New York

New Rochelle, Huguenot St, 175

Sydney

20 Martin Place

Singapore

3 Fraser Street, #08 DUO Tower

Hong Kong

18 Harbour Road, 35/F, Central Plaza, Wanchai

Porto

2609 Avenida da Boavista

Tbilisi

Revaz Tabukashvili Str., N 45, area N 7