UK Company Formation
UK Ltd Company formation for UK & Non UK Residents. To register a business in the UK you need to submit an application to Companies House, which is responsible for the registration of all new companies.
There are a number of different company types available in the UK.
-Private Limited Company (Ltd) by shares: A company owned by private shareholders with limited liability, meaning their personal assets are protected if the company faces financial difficulties.
-Company Limited by Guarantee: Typically used by non-profit organisations, members' liability is limited to a predetermined amount they agree to contribute in the event of the company being wound up.
-Public Limited Company (PLC): A company whose shares are publicly traded on the stock exchange, allowing the general public to become shareholders.
-Community Interest Company (CIC): A company established to benefit the community or pursue social and environmental objectives, with profits reinvested for public good rather than distributed to shareholders.
-Limited Liability Partnership (LLP): A hybrid between a partnership and a limited company, offering limited liability protection to its partners.
The most common of these company types is a Private Limited Company (Ltd) by shares. There are over 2 million such companies in the UK.
Registered office address
You'll need a registered UK office address, where official communications, like letters from Companies House, can be sent. You can also choose a virtual office address provided by IndotInc’s partners. They can forward your letters.
Business details
We'll need some basic details, including a brief description of what your company does, and some government-friendly SIC codes. You can change these later if needed.
Director and shareholder information
You’ll need to provide your name, nationality, date of birth, occupation, address and proof of identity.
New identity verification rules for directors and owners of a UK Company Limited
The Companies House has released draft rules for directors, persons with significant control (PSCs) and others needing to verify their identity under changes due to come into effect in 2025.
The draft rules set out the documentation an individual or authorised corporate service providers will need to provide to verify the directors’ identities through either route. The key points are as follows:
- the individual will need to provide a valid email address and a current residential address.
- in some cases, an individual will need to provide only one piece of documentation. This will generally be the case where the document contains biometric information, such as a biometric passport or a biometric identity card.
- in other cases, an individual will need to provide two pieces of documentation: a form of photographic ID, together with a form of supporting documentation.
- if verifying direct through Companies House, an individual will have multiple options, including through the gov.uk ID Check app, the One Login facility or a post office.
Establishing a business requires careful planning. Working with our experts can help streamline this process, providing valuable insights and tailored strategies to ensure successful outcome. Don’t hesitate any longer. Apply to become a client today to work with our experts on legal strategies to overcome barriers.
You have some more questions? Contact us for more details or a free quote.
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