Register UK company
The United Kingdom of Great Britain and Northern Ireland includes England, Scotland, Wales and Northern Ireland. Mainly we offer to register companies in England and Scotland; Wales and Northern Ireland – upon request.
A company in the UK is a preferred option for many foreign nationals wishing to open a business in the country. Some of the benefits of opening a company in the UK are:
- It is quick and easy, and it can be done online.
- UK companies are trust-worthy and prestigious as they are searchable through the Companies House website.
- Anyone opening a company in the UK have access to the infrastructure and support available from the UK government, via Companies House and independent incorporation services.
- UK taxation system offers tax benefits, incentives and reliefs.
There are other advantages of setting up a UK company such as flexibility when raising new capital, opening dormant companies and many more.
Types of UK companies
It is a typical and most common type of a trading UK company. It has shareholders with fully limited liability; it must have at least one shareholder and one director, with the same person acting in both capacities. Information about owners and persons with significant control is publicly accessible through the Companies House. Authorised capital can start from £1. If you decide to buy a UK limited company, you must be aware of its financial and reporting liabilities.
It is a company whose shares may be freely sold and traded to the public. However, there is no obligation to sell shares on the stock exchange and a company in most cases has only a few owners. A company must have at least two shareholders and two directors as well as a secretary. A minimum share capital is £50,000; a quarter of them, £12,500, must be paid up.
It is a legal entity combining the best qualities of a limited liability company and a traditional partnership. Unlike a traditional partnership an LLP has a certain legal independence from its partners which allows it to enter into contractual relationships and for example own a property. At the same time, there is no corporation tax and all the profit of an LLP is distributed among partners who have to declare it in their country of tax residency. It relates to a partnership. There must be at least two partners, and at least two of them must become Designated Partners who are responsible for the business and reporting.
Unlike LLP, an SLP has a full legal independence and less financial reporting liability. There must be at least two partners with one becoming a General Partner. With no activity in the UK, no financial reports are required.
It is a private company that doesn’t have a share capital, but instead has members who act as guarantors. It is used primarily for non-profit or charitable organisations. It can distribute profit to its owners or give it away to charity.
The Companies Act 2006 was introduced to facilitate and simplify incorporation of companies over the Internet. Now to register a company, all you need is one form, memorandum and articles of association, and paying a fee.
You fill in a form with a name of the company after you check it for availability, include directors and/or secretary and registered address. You must give full name, date of birth, address and occupation for each director.
Articles of association are written rules about running the company agreed by the shareholders, directors and the company secretary. You can write your own articles or use a template. You can modify or replace the Articles of Association for a private limited company directly with Companies House by holding a meeting of the directors and passing a Special Resolution. The signed resolution should be returned to Companies House along with replacement or amended copies of the Articles where necessary.
The purpose of the memorandum of association is to show the subscribers’ intention to form a company and become a member of the company when it is formed. It informs all persons what the company is formed to do and what capital it has to do with. To draft a memorandum, you can use a standard template. Memorandum of association cannot be altered and is a purely historical document.
There are many things to consider when registering a company in the UK, and if you don’t know all the pitfalls you may waste your time and money. To avoid it, it is better to entrust setting up your company to professionals.
Opening a company in England with Imperial & Legal
We will provide FREE ADVICE on the type of company you need, full terms and conditions and all the documents required for registration.
We are a formation agent in the UK. Our head office is conveniently located in central London.
Please find below our main packages we offer to register and maintain a company as well as extra services that you might need for your company.
Standard package is a basic package of services that you might need to register a company in the UK.
Cost for a company of any type except a PLC:
- Registration within 5-7 banking days – £285
- Registration within 1 banking day – £450
Cost for a PLC:
- Registration within 5-7 banking days – £450
Standard Plus package is ideal for those who want to show an office in London being somewhere else in the world at the same time. It doesn’t include a UK bank account.
Cost for a company of any type except a PLC:
- Registration within 5-7 banking days – £1,950
- Registration within 1 banking day – £2,200
Cost for a PLC:
- Registration within 5-7 banking days – £2,200
Imperial package is unique; it includes a prestigious office in the heart of London, on Baker Street, and a bank account in one of the retail banks – Lloyds, Barclays, NatWest, HSBC, RBS, Metro or any other bank of your choice.
- First year (including a bank account opening) – £3,800
- Renewal every next year – £2,500
UK companies are required to file financial and tax reports with the Companies House and HMRC. Qualified professionals at Imperial & Legal will prepare and submit your reports, including VAT reports and Payroll.
Please note that financial reports are not included in any of the above packages as we can’t forecast the volume of the reporting you might require. However, you can discuss possible solutions with our specialists on an individual basis. Besides, we provide any service for a UK company.
Company Secretary services
Apart from the services indicated above you might need special services, e.g. obtaining a Certificate of Good Standing from the Companies House, registering changes in the company’s data with the Companies House, apostilling copies of the company’s documents. You can find this and other information on a corresponding page of our website.
To discuss your requirements, please contact our specialists or call us on +44 (0)203 490 41 21.