If you are a non-UK resident and you want to start a UK limited company, there are a few things you need to know. First, you can definitely do it! There are no restrictions on non-UK residents starting UK limited companies.
Here are the steps involved in starting a UK limited company as a non-UK resident:
- Choose a company name. Your company name must be unique and it must not be the same as the name of any other UK company. You can check the availability of company names on the Companies House website.
- Choose your company structure. There are two main types of UK limited companies: public limited companies (PLCs) and private limited companies (Ltds). PLCs are more complex and expensive to set up, so most non-UK residents choose to set up Ltds.
- Appoint directors and a company secretary. You need to appoint at least one director and one company secretary. The directors can be non-UK residents, but the company secretary must be a UK resident.
- Choose a registered office address. Your company must have a registered office address in the UK. This can be a physical address or a virtual address.
- File your company formation documents with Companies House. You can file your company formation documents online or by post.
- Open a UK bank account. You need to open a UK bank account for your company. This can be a bit more difficult for non-UK residents, but it is possible.
- Once you have completed these steps, you will have successfully started a UK limited company as a non-UK resident.
Here are some additional tips for non-UK residents who are starting a UK limited company:
- Use a company formation agent. A company formation agent can help you with the legal and administrative aspects of starting a UK limited company. This can be especially helpful if you are not familiar with the UK business environment.
- Use a nominee director. A nominee director is a UK resident who will act as a director of your company on your behalf. This can be helpful if you do not want to be a director of your company or if you are not a UK resident.
- Do your research. Before you start a UK limited company, it is important to do your research and understand the legal and tax implications. Contact us today and we can help you start your company as a non-UK resident.
Published: 10/4/2023 5:06:37 PM