If you are looking to expand into a global market, registering a company in the UK will give you a great start. The UK has strict requirements for business transparency, and therefore, your company will be perceived by partners and consumers as reliable. Find out the stages of business registration and the best way to go through this procedure.
Stages of Company Registration
- Preparing a complete set of documents indicating all the company founders, beneficiaries, etc.
- Choosing a company name. Business owners must submit 3 alternative options to the UK Registration Office to select a unique name.
- After legal verification of the name, the UK Companies House registers the company in the trade register. But these are only the first steps since you still need to obtain several permits to register a company UK.
- Registering for VAT number and PAYE for income tax collection. This must be done within 3 months after registration.
- Registering a company as an employer.
- Opening a business account in an English bank. This is one of the most difficult stages of the registration process. If you are not a resident, the bank may refuse to open an account.
- Obtaining the necessary business licenses for companies of a certain profile, such as insurance, banking, etc.
What Is Important to Consider When Registering a Company in the UK
To register a company, you will need a business address in the United Kingdom. The presence of a physical office address is verified by the registration authorities. If your company’s office is not found at the specified address, your registration will be denied.
To successfully complete all registration steps, you will need legal assistance from those who know this jurisdiction very well. By contacting Fintech Harbor company, you will receive professional assistance from experienced specialists at all stages of registration. Your journey to the UK market will be smooth and fast with the comprehensive assistance of Fintech Harbor.
