The United Kingdom is also a global financial hub, with London frequently specified as the prime financial capital of Europe. Along with the status of European economic capital, the United Kingdom has a prominent gamut of favourable attributes for new industrialists. The kingdom’s business environment is a model of stability and simplicity. A highly competitive and business-friendly tax climate helps make the U.K. one of the most appealing commercial homes in Europe. The sheer power of its currency especially in emerging economies like India makes UK company formation even more viable.
UK offers significant opportunities and capital for expansion thereby making it a remarkably beneficial spot for commercial development.
Investors from all around the globe come to UK to nurture their business.
Foreign investors are treated with great connectivity. Take, for instance, direct aircraft facilities from all the prime cities in the world.
The UK has kept pace with state-of-the-art technology and strong infrastructure development.
The process of company incorporation is much simpler and faster as compared to other nations.
Manageable Tax System and regulations which are pretty simple compared to other foreign locations.
UK offers one of the world's highest standards of living, and a variety of cultural institutions and amenities thereby hiring of skilled employees becomes easier.
REQUIREMENT TO OPEN A COMPANY
Minimum 1 Shareholder (any nationality).
Minimum 1 Director (any nationality).
Director and Shareholder can be one and the same person.
Registered office address.
Shareholding Company’s Certificate of Incorporation, Memorandum and Articles of Association.
Details of the Shareholders, Directors and person with significant control.
Copy of the ID proof and address proof of the Shareholder and Directors.
VAT & Tax Registration.
PAYE Registration (applicable if hiring employees in UK).
Assistance in Opening a Corporate Bank account.
Provision of Registered Office Address for the 1st year.
Other Maintenance & Compliance Services:
Renewal for the Local Registered Office Address Annually.
Accounting (depending on the volume).
Drafting of the financial statements Statutory Audit (depends on volume and complexity).
Corporate tax filing (depends on complexity).
Payroll related compliances.
It usually takes 1 week for company incorporation in UK.