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  • UK Company Registration
  • Authorwww.for compass.com Date Time:2010-03-24 06:22:32

  • Compass Consulting Limited provides professional service to you for UK company formation and management. The detail information is as follow.


    UK Overview

    The UK has an open, transparent and business-friendly system to encourage the formation of new businesses. There are more than 2.6 million registered companies in the UK with over 350,000 new registrations each year. No permission is required to establish a business presence in the UK, although there are regulations on the use of business names and certain business sectors which may require licenses or authorization. Company formation has been simplified. Setting up a business in the UK has been easier than in most other European countries for a long time. The Companies Act introduced last year hasn’t changed this – and it promises to make it easier for businesses to operate once they have been set up. It is more modern, more understandable and more flexible.


    Advantages of UK Company

    1. Limited company subscribers may be residents outside the UK.

    2. You must appoint a minimum of one Director.

    3. Directors can be corporate bodies or private individuals.

    4. A Director can be of any nationality.

    5. All English and Scottish companies must appoint a company Secretary.

    6. A Secretary can be of any nationality.

    7. If there is only ONE Director, he or she CANNOT also be the Secretary.

    8. There is no maximum and no minimum share capital.

    9. There is no minimum share capital, and no requirements in terms of paid-in capital.


    Company name

    Company’s name must be in English only and ended up with “LTD” or “LIMITED”. Words like “INTERNATIONAL”, “INDUSTRY”, “INVESTMENT” etc. would be able to appear in the company name; but some sensitive words such as “loyal or princess” should be avoided.


    Registered Capital

    There is neither minimum nor maximum registered capital for an UK company, but 1,000 pounds is recommended to set up a new company. The government levies 0.5% tax on registered capital when there is any change on shareholders.


    Director& Shareholder
    At least one shareholder, one director and one secretary is needed. Nationality is not limited. A natural person aged above 18 years old is eligible for a shareholder and director or both. Shareholder could also be acted by legal person, as far as corporate structure is concerned.


    Registered Address
    The government stipulates that every limited company should have the registered address in UK. The registered address can be provided by Compass Consulting Limited if needed.


    Business Scope

    One of the most exciting events included in the formation of a UK company is free business scope; in principle Business scope is really not defined by the government for the business you conduct in UK business registration. Generally speaking, business scope is not really limited in UK Company.


    Requirements Documents

    1, Confirm Company name, registered capital.

    2, prepare shareholder(s) ID or passport copy.


    Registration Process

    Procedure: Fill in the application form→sign the confirmation letter personally→pay the deposit→transact in the government→finish within 10-15 working days→All the director sign the legal document personally→submit the document to UK government to file→pay the spare money.


    Compass Service

    Compass package services include: Certificate of incorporation; Memorandum and Articles of association of the company; Common seal and atomic seal; Share book; registration address.


    Compass Follow-up Service

    1, Open bank account

    UK Company can open an offshore bank account in many countries. Compass can provide professional service of opening a bank account, including: recommend the bank/ prepare for the opening bank document (certified true copies)/meeting minutes/application form/ arranges the introduction/ can accompany you to open a bank account.


    2, Annual Return

    The time of license renewal is the registration anniversary date. Compass can provide professional service to you.



    CONTACT US

    TEL: 86-20-29050789             Mobile: 86- 18620718759 (24 hours service)  

    MSN: topcompass@hotmail.com     QQ: 859092400

    Website: www.for-copmass.com