In spite of the Brexit issue, London still practically remains the financial center of Europe and is the European home to almost 60% of companies on the Fortune 500 list. Moreover, The United Kingdom has a fairly strong currency and the country still remains one of the most important consumer markets within the region. The question is whether Brexit will give non-UK businesses a benefit, and added opportunity, with the potential obstacles that exiting the EU will bring. So, bearing this in mind, let's consider a few plus points about setting up in the UK.
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.
Other Maintenance & Compliance Services:
Renewal for the Local Registered Office Address Annually.
Drafting of the financial statements Statutory Audit.
Corporate tax filing.
Payroll related compliances.
It usually takes 1 week for company incorporation in UK.