Over the years, the United Kingdom has emerged as a business hub in the world due to its stable political conditions and consistent economic expansion. The transparent, open, and business-friendly environment of the UK is highly conducive to industrial growth. In September 2009 alone, a total of 32,270 companies were formed in England, Wales and Scotland. More than 2.6 million companies operate in the entire region. Hence, to ensure the best rewards for your hard work, setup a company in UK by fulfilling the simple and convenient legal formalities in the country.
Setup a Company in UK: The Requisite Steps
Here are some essential steps to setup a company in UK:
There are two methods of applying to setup a company in UK. These are:
The electronic filing method pronounces a convenient and quick way of establishing a company in the country. In this case, you do not need to submit Form 10. Also, all documents and forms are submitted in a digital format. The Companies House, responsible for company registration and record maintenance, authorizes several agents to aid new companies in filing for registration. This saves considerable amount of effort and time for company owners.
Company formation agents authorized by the Companies House provide several services related to the establishment of a company. For instance, they provide assistance in filing documents, in deciding organizational structure and company name and type, and suggesting promotional strategies. A reputed agent in the UK that provides all these services and more at reasonable prices is Company Formations 247. Visit the site and know more to benefit more.
Setup a Company in UK: The Requisite Steps
Here are some essential steps to setup a company in UK:
- Decide the organizational structure of your proposed business.
- Choose an appropriate and, if possible, unique name for your company.
- Check the availability of the proposed name at the company formation regulatory agencies.
- After finalizing the company name, find a location for your company’s registered office.
- Formulate the objectives of the company, and the Memorandum and Articles of Association.
- Appoint the secretary and directors of the company.
- File form numbers 10 and 12.
- Submit all documents with the registration fee, as applicable.
There are two methods of applying to setup a company in UK. These are:
- Conventional method – This necessitates the filling of forms and documents on paper, which is then submitted to the Companies House.
- Electronic filing – This is the more popular of the two, since it involves electronic filling of forms and submission to the Companies House. In fact, the new company is set up in a single day.
The electronic filing method pronounces a convenient and quick way of establishing a company in the country. In this case, you do not need to submit Form 10. Also, all documents and forms are submitted in a digital format. The Companies House, responsible for company registration and record maintenance, authorizes several agents to aid new companies in filing for registration. This saves considerable amount of effort and time for company owners.
Company formation agents authorized by the Companies House provide several services related to the establishment of a company. For instance, they provide assistance in filing documents, in deciding organizational structure and company name and type, and suggesting promotional strategies. A reputed agent in the UK that provides all these services and more at reasonable prices is Company Formations 247. Visit the site and know more to benefit more.
1 comment:
Starting our own business can be a tricky job. I think UK is one of the most well known countries for company formation. Electronic method is surely a time saver.
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