Open a UK company
UK companies have a high international legal status and enjoy a very good image, which makes it a popular place for most offshore companies in the world to register. With the trend of international commercialization, more and more enterprises are setting up offshore companies to expand their operations and overseas business. Registering a UK offshore company enjoys a number of advantages, a stable economic system, sound and complete company regulations, and a clear tax system, making it a good operating environment for enterprises.
In particular, the UK will open a new temporary residence visa for Hong Kong residents from 2021, making it easier for BNO holders to immigrate to the UK, start their own business and live in the UK.M&N Business provides one-stopOpen a UK companyOur services include the provision of UK company registered address, company secretarial services, etc., making it easy for you to realize your dream of developing in the UK market.
Advantages of registering a UK company
legal protection
High international legal status, protected by the U.S. government, excellent recognition.
Simplified Procedures
The process of company registration is simple and usually completed within 5 to 7 working days.
Business Transparency
A highly transparent business environment enhances customer and investor confidence.
Low registration and maintenance costs
The cost of registering a UK company and annual maintenance is low compared to other countries.
Strong financial system
First-class banking and financial services with easy access to funds.
The 3 main types of UK company registration
There are three different business structures in the UK, including Sole Trader, Partnership and Limited Company. Each company structure has specific tax and legal requirements.
- Sole Trader is a sole proprietorship:
It is most convenient to register a UK company as a sole proprietorship, i.e., to run your own business in the form of a self-employed person. Sole proprietorship is simple compared to a limited company, and you only need to report your income to the UK's HM Revenue & Customs annually, without additional registration. However, you have to bear the debts of the unlimited company by yourself.
- Partnership:
A UK company registration partnership is the simplest way for two or more people to run a business together, with partners being responsible for the debts and accounting liabilities of the company. To form a partnership, you need to register the company with HM Revenue & Customs and nominate a partner who will be responsible for managing tax returns and keeping business records.
- Limited companies:
If you want to minimize the risk of running a business, you can choose to register your company as a limited company in the U.K. Shareholders will only have limited liability for the company's debt losses, but you will also have more reporting and management responsibilities.
M&N Business registered UK company services include:
- Company name check:The company name should end with “Limited” or “Ltd”.
- Document preparation:Includes application form, memorandum and articles of association, and board resolution.
- Company registration fee:Payment of the official registration fee on behalf of the UK Government.
- Customized Enterprise Kit:Includes the company seal, the share register, the register of members and the register of directors.
- Registered Address Service:Provide a UK registered address for the first year.
- Document Submission:Assist in drafting and submitting registration application documents to the relevant organizations.
The process of registering a UK company:
- Developing business plans and deciding on business structure, business names and company locations
- Change the name of the company and confirm that it does not collide with the existing registered company.
- Appointment of at least one director and shareholder, and company secretary (not required)
- List the members who have significant control (PSC) over the company, such as those with voting rights or more than 25% of the stock
- Preparation of documents such as memorandum of association and articles of association
- Online registration through Companies House in the UK
- **Most UK companies can be registered within 5 to 7 working days.
Documents required to register a UK company:
Individual Shareholders' and Directors' Documents
- At least one of the legal persons may be a shareholder or a senior manager.
- At least one shareholder, who may be a legal entity or a natural person, regardless of nationality.
- At least one director, who must be a natural person
- at least one officer (chief executive, finance or secretary), who may be one or more natural persons
- A director or officer may sign legal documents on behalf of the corporation and record the meeting.
Corporate shareholders' documents
- Certificate of Incorporation.
- Articles of Incorporation or equivalent document.
- Business Registration Certificate and Annual Return (for Hong Kong companies).
- The Register of Directors and the Register of Shareholders.
- Register of Significant Controllers (for Hong Kong companies).
- If the structure of the company is complex, provide an organization chart (with samples).
Why do so many entrepreneurs choose M&N Business Services?
- Hong Kong licensed organizations:M&N Business Services Limited is a licensed secretarial company recognized by the Hong Kong Government for its reliable services.
- One-stop comprehensive program:從Company Formation, Secretarial Services, Accounting & Tax Preparation to Virtual OfficeWe have everything you need, so you don't have to travel around.
- Experienced team:Over the years, we have assisted numerous SMEs and start-ups to register successfully and are able to deal with a wide range of complex situations.
- Charges are transparent and straightforward:All service plans are clearly priced, with no hidden charges, so you can rest assured that you're in good hands.
Services related to the registration of UK companies
Company Formation Services
Company Secretary
Tax Services
Virtual Office
Frequently Asked Questions
UK companies are required to submit financial statements each year, but smaller companies are not obliged to have an annual report done by an accountant. A company may qualify for an audit exemption if it meets at least two of the following conditions:
- Annual turnover not exceeding £10.2 million
- Asset value not exceeding £5.1 million
- Less than 50 staff on average
To set up a company in the UK, you need to declare the nature of your company's business by selecting the appropriate Standard industrial classification of economic activities (SIC). For example, if the company's business involves dealing in real estate, you can choose SIC "68209" (Other letting and dealing in owned or leased premises) or "68320" (Management of real estate on a fee or contract basis); or if it is investing in buying and selling of real estate, you can choose "68100" (Holding of real estate for sale and purchase).
You need to be aware that sole proprietors and owners of partnerships are responsible for the company's liabilities. Sole proprietors and owners of partnerships will be responsible for financial liabilities if the business incurs a significant loss, or if there is an unexpected large claim.
- Sole proprietors do not need to use a business account to do business. The advantage of using a commercial bank account is that the accounts are clearer and the bank may provide additional support for business services. However, the annual fees and service charges of a business account are generally higher than those of a personal account, which will increase your operating costs. If you wish to use your personal account for sole proprietorship, it is wise to open a separate personal account to keep your personal accounts and business accounts separate, so as to facilitate the auditing of your business accounts.