UK Company Formation

Set Up Your UK Company with Ease

Who wouldn’t want access to one of the world’s most developed and profitable commercial markets – the UK? Yes, UK company formation is a dream for many investors and entrepreneurs. But to fulfil this dream of yours, hiring an expert consultant is the best option.

FAME is one such professional firm helping clients set up a new company in the UK. We make the business setup process easier, smoother, and more accurate for you. You get all the support in the following procedures:

Selecting a name
Opening a bank account
Creating company documents
Finding an office
Managing each step of the UK company formation process for non-residents

So, get international credibility for your business by setting up a holding company in the UK. Not only do you get to serve UK customers, but also extend your services to customers worldwide.

Wish to take advantage of the benefits of UK company formation?

Perks of Setting up a Limited Company in the UK

By setting up a limited company in the UK, you can enjoy several benefits. So, if you reside in the UAE or any other country and want to establish an office in an international jurisdiction, the UK is an excellent option. The benefits that make the UK attractive as the destination for setting up a holding company include the following:

Ease of Doing Business

The most significant benefit of UK company formation is the ease of conducting business in the UK. The process is simple, fast, and hassle-free.

Skilled Personnel

The UK has some of the world’s biggest and most reputed educational institutions. That is why the UK workforce is highly educated and skilled in different fields. Students from worldwide study in such esteemed institutes, contributing to the workforce. So, you will always find a good number of professionals for employees in your business.

A Growing Economy

The UK economy is growing in many industry sectors. It is a prosperous market, which appeals to many businesses and entrepreneurs worldwide. You can easily find several market opportunities for growth and expansion. Its stature as a global destination for investment and trade makes it attractive to entrepreneurs.

Taxation

The current tax rate is 25% on companies with profits exceeding GBP 250,000. It is 19% if the profits are below GBP 50,000. It is pretty low compared to other first-world countries. This reduces your overall business operation costs.

No Physical Presence

Physical presence for the UK company formation is not mandatory. You can manage all the formalities and paperwork from a remote location.

Flexibility

It is not mandatory for your company to open a UK bank account. You can open a bank account locally in your country. You do not need to appoint a local partner or director. Moreover, you can hold and own property in the UK and have annual meetings anywhere in the world.

Facilitating Ecosystem

The UK has an advanced infrastructure for digital activities. Its supportive regulatory landscape and secure legal system ensure easy operations for businesses. It is also suitable for a range of business activities and professional services. So, you can find many business sectors where you can operate your company.

Conditions to Meet Before UK Company Formation

Before you consider setting up a limited company in the UK, you must meet several prerequisites. These are the rules you must follow before considering UK company formation. These features include the following:

You can form a sole trading company, a partnership, or a private limited company in the UK.
The names of all the company officers are available in public records. People with significant control in the company appear in a register, which is also available as public records.
You must file your accounts, financial statements, and taxes in the UK by the end of the year.
You need a secretary to open a company in the UK.
The minimum share capital requirement is only one GBP.
You need a minimum of one director and one shareholder for setting up a new company in the UK. They can be the same person. The director and shareholder don’t need to be UK residents. Corporate entities can be the shareholders.
A company wanting to open a UK business bank account must have UK-resident shareholders and directors for a few UK banks.
You are not allowed bearer shares.
While setting up your new company, you must also register for corporation tax.
It is mandatory for your business to have a UK-registered office address. You must register it with the Companies House. This address can belong to a friend, relative, or anyone who has no problem registering their address for your business.

Procedure for Setting Up a Holding Company in the UK

The procedure for UK company formation for non-residents is simple. And FAME guides you throughout the process. We handhold you at every step to ensure a successful business set up at the end. The steps include the following:

Step 1

Deciding the Legal Structure and Business Activity

UK company formation starts with choosing a business activity. Once you choose this, you must select the legal structure of your business. Also, prepare your business plan.

Step 2

Naming Your Entity

The next step in setting up a holding company in the UK includes selecting a proper name for the company. Ensure that the name is unique. Check if it has not been taken by any other existing entity. If your name or trademark resembles another company’s, and if the latter files a complaint, you will need to change it.

Step 3

Filling Out the Application Form

The third step is to complete the application form with all necessary details. It requires all your:

Personal details for evidence of identity and address
Company details about shareholders, directors, capital structure, legal structure, and business activity.

Once you fill all the details, check out from this page. Herein, you will have to pay the fee.

Step 4

Submitting the Necessary Documents

The next step of UK company formation calls for submission of the necessary documents. The documents that you need to furnish for UK company formation by non-residents include the following:

Completed application form

Article of Association and Memorandum of Association, signed by the initial shareholders

List of chosen business activities with reference to the Standard Industrial Classification Code (SIC)

Details of proposed directors, secretary, and Persons with significant control (PSC)

Statement of capital and initial shareholdings or guarantee

Certified copies of your passports

Certified copies of address proof dated less than three months, like utility bills
Bank statements for the last three months

Once you submit the documents, the procedure is complete on your end. You’ll receive the company incorporation documents within a few days.

Step 5

Opening a Bank Account and Payment Gateway

After this, you need to open a bank account, which can be a UK or any other international bank. You can also open a payment gateway for your business payments.

FAME’s Services for UK Company Formation for Non-Residents

FAME is a leading name in the field of professional services for UK company formation. Our customized company formation services meet your expectations and requirements. Our consultants and advisors address all your company formation issues and queries. You receive accurate, complete, affordable, and fast services to set up a new company in the UK.

Your dream destination – the UK – for business is near you.

Set up a new company in the UK today with FAME’s expertise.