Forming a company in the UK as a non-resident should not be as tasking as it seems. When people talk about it, they always feel it is a sort of bureaucratic process that would require the presence of the person opening the account, lots of paperwork and a lawyer that would cost a fortune.
But thankfully that is not or no longer the case. With the help of seasoned professionals, one can open UK company formation for non-residents easily, in hours and with no hassle.
The internet has made it possible for people to take care of that need online with every scanned document signed and uploaded on the internet to enable the process of forming a company easy.
The two different categories of companies in the UK are;
- Limited companies (public or private)
- Limited liability partnership (LLP)
Forming a company in the UK by a non-resident can be done
- Online using a company formation agency or agent
- Online using company House web incorporation service
- By post via the company web incorporation service
The most common form of registration is to use a company formation agency that can provide you with the necessary logistics on what is required in order to form your company.
An example is the provision of;
- Companies permanent address
- Running a check about the availability of the company name in the database in order not to use an identical name or a name that is deceitful
- Making sure the registered company can meet the filing report requirement of the companies act of 2006. Some of which are;
Submitting an annual confirmation statement to Companies House at least once a year.
Preparing financial accounts for Companies House.
Notifying Companies House about changes to company details.
Filing Company Tax Returns and annual accounts with HMRC.
Paying Corporation Tax.
- Directors are expected to perform like a resident director with a permanent address(this can be provided by some of these agency)
- The companies act requires at least a director and a shareholder
- With very good documentation, a person can become both the director and shareholder
- Printed Incorporation and Share Certificate
- Minutes of the first board meeting
- Digital certificate of incorporation
- Digital articles of association
- Digital statutory register
- VAT tax filling
It is not however compulsory to own a UK bank account in order to register or form a non-resident UK company, as owning a domiciliary account in your home country can serve the purpose of forming a company.
The information required to form a non-resident company are;
- Name of client
- Name of the company
- Type of company
- Minimum share capital
- Type of shares
- Date of incorporation
- Capital base
- Structure of the company
- The type of business to be undertaken
Registration by post covers a whole broad spectrum of registration, from the type of documentation required and the level of authority given to any document submitted. But they all follow through the same process UK company formation for non-resident.
Filling documentation using the online admin portal of the house web incorporation can be done if you have gotten some of the information gotten from the site.