As one of the leading economies in the European region, the United Kingdom continuously attracts numerous foreign investors. Due to recent changes in the economy, businesses from the CIS countries have decided to move their activities to a more stable and secure jurisdiction.
Recently, we were approached by an entrepreneur from Ukraine with a question: is it possible to open a business in the UK within 2 days? Below, we will explain how the entire process works.
According to the Doing Business 2015 ranking, the United Kingdom ranked an impressive 8th place for ease of doing and registering business. Furthermore, conducting business in England is permitted for any foreign citizen who wishes to do so.
The jurisdiction features a developed legislative sector and a favorable tax policy, which annually attracts thousands of entrepreneurs and investors from around the world, including businesses from the CIS countries.
If you wish to open a company in the UK, you need the following:
Depending on the type of business, you can currently open a company as:
Sole Trader – This involves independently hiring and performing all current tasks, being the sole responsible party for obligations, and having the right to choose the corporate tax rate independently.
Limited Company (LTD) – Requires at least one shareholder and a director. There are no residency requirements for the director or shareholder.
Limited Liability Partnership (LLP) – One of the most popular legal forms among investors, where the founders can be either individuals or legal entities. The main advantage of an LLP is that if the founders are non-residents of England and the company’s profit is earned outside the UK, the tax rate does not apply.
Limited Partnership (LP) – This type is completely exempt from annual financial reporting, but tax reporting is mandatory even if the business is temporarily inactive.
Many online sources recommend registering an LLP or LP in England, and these business forms certainly have their advantages. However, choosing the right structure is an individual task, and if chosen incorrectly, it may lead to tax conflicts in the future.
Therefore, if you want to learn more about company types in England, send us a consultation request: info@investmakler.com for personalized advice.
If the urgency of opening a company abroad is currently paramount for you, we have good news. It is currently possible to open a business in the UK in just 2 days.
Compared to the functioning of government services in the post-Soviet space, this timeline might seem like a fairy tale to many entrepreneurs. However, it is true!
The British government sector and entrepreneurial institute are well-developed.
The process of registering a business in England is carried out with the help of consulting specialists who assist not only with preparing and submitting the required documentation but also provide professional help and support in forming and submitting necessary reports.
The process of opening a company in England is carried out remotely and involves simple steps:
We also want to draw your attention to a very important detail in conducting business in the UK. If a company has an annual turnover of £83,000, it is mandatory to obtain VAT registration in the UK.
Additionally, tax returns must be filed no later than January 31.
To properly register a company in England, you will need to provide the following documents:
If you wish to purchase an already active company in England with active bank accounts, contact us in the most convenient way for you: info@investmakler.com or via Viber/Telegram/WhatsApp at +44 7477 654968, and we will provide individual selection based on your goals.
The cost of registering a business in the UK depends on your needs. This includes additional services such as document notarization or nominee services. However, if we consider only the cost of business registration in England, it will be from 500 EUR.
Yes, it is possible. You can open an account in the UK payment system (ours) in just 1 hour, provided you have all the necessary documents.
Yes, it is possible. The UK payment system allows opening accounts for high-risk companies engaged in:
Perhaps the only difficulty that may arise in the process of opening a company in England is the desire to complete all processes independently. English legislation differs significantly from Russian or Ukrainian law, and it is very challenging to handle a large flow of information without preparation and practice.
Don’t waste your time, fill out the form to start registering your business abroad today. We will ensure that your company registration in the UK is legal, fast, and accurate!