Ranks #10 in ease of doing business across the world
The United Kingdom is considered as Europe’s leading business centre.
UK is an attractive business centre & knowledge centre offering world-class skills, research and development in cutting edge technologies, telecoms, e-business, software, industrial design, biotechnology, life & physical sciences.
The political, economical and social stability has fostered the skills and productivity of the private sector to ensure a progressive growth in the country.
An archipelago located off the North Western Coast of Europe between the Atlantic Ocean and the North Sea.
Limited company is a separate legal entity with its own limited liabilities. Offers more flexibility to ownership compared to an establishment. It is much more substantial compared to a Branch, offering greater assurance to those who are in contact with their business.
Private LLC should have at least one director. They need to maintain registers of members, charges, directors and company secretaries etc. Auditors need to be appointed unless they have a turnover below the thresholds specified.
Limited Liability Partnership is a legal entity with a flexible organisational structure.
A branch is a part of its overseas parent company and therefore does not have limited liability in its own right.
Public companies must include the words “public limited company” or “plc” as an integral part of the company name. Businesses can be conducted as partnerships, sole traders or any other.
Under the Companies Act 2006, a company is deemed to have unlimited capacity but if specific objects are stated in the articles of association, these will be treated as a limitation on the company’s capacity.
The registration procedure takes about 10 days from submission of documents to incorporation. Same day incorporation is also available on additional costs.
Foreign companies need to register with Companies House, for doing business in UK. Within 30 days of establishing, a foreign limited liability company must file various particulars and documents that can be viewed by the public, such as the names and addresses in the UK, of persons authorised to accept legal notices served by the authorities; the name of the company, its legal form, its country of registration, company number, details of its directors and secretary and the address of the UK establishment, date of its establishment and its business.
Legislations governing mergers is contained in the Enterprise Act 2002 with other relevant provisions in the Companies Regulations 2007.
UK operates a self-assessment regime. Large companies pay tax in quarterly instalments starting in the 7th month of their financial year. The tax return is due to be filed within 12 months of the period end. It is mandatory to file tax returns, online.
Nationals of countries in the European Economic Area (EEA) and Switzerland are free to live and work in the UK without a visa. If it’s a short business visit, a formal permission is required for most other people.
Work immigration categories such as Tier-1 Investor and Tier-1 Entrepreneur require you to have access to significant amounts of money either in your own name or, in the case of Tier-1 Entrepreneur, in a third party’s name, as long as it is available to invest in a UK business.
If you are a non-EEA and Switzerland foreign national but have a spouse or partner who is an EU national you may be able to apply to enter the UK using the European regulations. For the application to be successful, your EU spouse or partner must live in the UK at the same time as you.Compare Jurisdictions Talk to a consultant