Description
What is included in the 1Office Business Solution
LTD
- Your Limited Company (LTD) registration is covered in the solution, establishing your business as a separate legal entity with limited liability.
State Fee
- The state fee is included, ensuring your compliance with government regulations and covering the initial costs associated with company formation.
Registered Address
- Benefit from a registered office address in central London. This address will be shown on the Companies House register and will be publicly available to everyone. It also serves as the official correspondence address for delivering official government mail from the local tax office (HMRC) and Companies House. This is a recurring payment and a fee of 100£ + VAT will be issued from your credit card one month prior to the new period.
Director’s Correspondence Address
- Enjoy the convenience of a dedicated correspondence address for the company director, ensuring personal privacy and a professional image. It allows you to maintain the confidentiality of your home address by providing third parties with an alternative correspondence address specifically designated for receiving business-related mail. This is a recurring payment and a fee of 54£ + VAT will be issued from your credit card one month prior to the new period.
Access to My1Office
- Enjoy access to our user-friendly platform, My1Office, streamlining your company management tasks and keeping everything in one place.
Access to Sales Invoice Module
- Simplify your invoicing process with access to our Sales Invoice module, making it convenient to create and manage your invoices.
Full Mail Forwarding
- The full mail forwarding service covers forwarding of all official correspondence, ensuring you receive important documents and notifications promptly, and helping you stay organised. In addition, letters from your business partners and offers will also be forwarded.
Support (Company Lifetime)
- Our dedicated support extends throughout the lifetime of your company, providing assistance and guidance whenever you need it.
Digital Company Documents
- Access and store your essential company documents digitally, making it easy to manage and retrieve important information.
Annual Mandatory Confirmation Statement
- We take care of the annual confirmation statement, ensuring timely submission to Companies House and compliance with regulatory requirements. This is a recurring payment and a fee of 75£ + VAT will be issued from your credit card one month prior to the new period.
VAT Registration (when needed)*
- If required, we assist with the VAT registration process, ensuring your company is compliant with taxation regulations and ready for VAT transactions.
EORI Registration (when needed)*
- For companies involved in international trade, we assist in obtaining an Economic Operator Registration and Identification (EORI) number, facilitating smooth customs procedures.
Employer Registration (PAYE) (when needed)*
If payroll is a part of your business operations, we handle the PAYE (Pay As You Earn) registration, ensuring compliance with employee tax and National Insurance contributions.
*Tax Registrations are included in the price allowing you to request their registration at your convenience.
Are you a citizen of a high-risk or other monitored jurisdiction?
The FATF continually identifies and reviews jurisdictions with strategic AML/CFT deficiencies that present a risk to the international financial system and closely monitors their progress.
If you are a citizen of such a jurisdiction our services to you will be limited or with higher inspection due to the regulations we are required to follow. To see if your country is in the FATF list of high-risk or other monitored jurisdiction, please visit their website “High-risk and other monitored jurisdictions”
Process flow:
- Add the service to the cart
- View cart and click “Checkout”
- Complete the sign-up with your email you have access to.
- Enter your details and payment information in the checkout form.
- Complete the payment.
- After successful payment, we will send you an application to company formation.
Send us an email if you would like to order this service by contacting us first or if you want to create a subsidiary.
- IMPORTANT INFORMATION
Are you a citizen of a high-risk or other monitored jurisdiction?
The FATF continually identifies and reviews jurisdictions with strategic AML/CFT deficiencies that present a risk to the international financial system and closely monitors their progress.
If you are a citizen of such a jurisdiction our services to you will be limited or with higher inspection due to the regulations we are required to follow. To see if your country is in the FATF list of high-risk or other monitored jurisdiction, please visit their website “High-risk and other monitored jurisdictions”
Process flow:
- Add the service to the cart
- View cart and click “Checkout”
- Complete the sign-up with your email you have access to.
- Enter your details and payment information in the checkout form.
- Complete the payment.
- After successful payment, we will send you an application to company formation.
- ORDER BY EMAIL
Send us an email if you would like to order this service by contacting us first or if you want to create a subsidiary.
Frequently Asked Questions
What is an LTD or a Limited Company?
An LTD, or Limited Company, is a type of business structure that limits the personal liability of its owners (shareholders). In this setup, the company is considered a separate legal entity from its owners. The liability of shareholders is typically limited to the amount they have invested in the company, and their personal assets are protected in case the company faces financial difficulties.
The ownership of an LTD is divided into shares, and shareholders are not personally responsible for the company’s debts beyond their shareholdings. This structure is common among small to medium-sized businesses and provides a formal and legally recognized framework for business operations.
What do you need to start a business in the United Kingdom as a non-UK resident?
Company formation for non-UK residents is the same as for residents living in the UK. There are no restrictions on foreign nationals being a UK company director, shareholder, or secretary. You even do not have to live in the UK. However, the company will need to be registered with Companies House in England and Wales, Scotland or Northern Ireland (depending on the location of the company). Here are the requirements to start a business in the United Kingdom as a non-UK resident but you may also require additional services such as accounting to run your company smoothly:
- Company Name: You need to make sure that your desired company name is available and different from an existing name, it also shouldn’t contain any sensitive words.
- Director: Only one director is required for the company formation. There is no limit to the number of directors you can appoint. You cannot be the company director if you are under the age of 18, undischarged bankrupt or disqualified from acting as a company director.
- Shareholder: Only one shareholder is required. There is no limit to the number of shareholders you can appoint. Can be an individual or a corporate body, can also be the director. During the company registration, you will need to apportion a certain number of shares to each shareholder.
- Registered address: This address must be in the UK and will appear on the public register. All statutory mails from Companies House and HMRC will be sent to the registered office address. Our Virtual Office services include using our address as your registered office address.
- Directors service address: Each director, secretary and PSC must provide a service address for Companies House. This address can be located anywhere in the world but it will be on public record. Ordering directors service address is a good opportunity to keep your own home address private from customers, suppliers and other third parties. Any legal documents addressed to the directors of the company will be sent at this address.
- Filing and reporting: Companies are legally required to submit annual accounts and a Confirmation Statement (previously called an annual return) every year. If you require any help our UK accountants are at your service.
- Corporation Tax: The company must be registered with HMRC when they begin trading.
What are some of the things to keep in mind when starting a business in the United Kingdom as a non-UK resident?
Starting a business in the UK as a non-UK resident involves navigating certain considerations to ensure a smooth and successful venture. Having a good support in business admin services can help alleviate some of bureaucracy that comes with operating a successful business in the United Kingdom but here are some key things to keep in mind when you decide to try and do everything on your own:
- Visas and Work Permits:
If you plan to work in the UK, understand the visa and work permit requirements for non-resident entrepreneurs. - Banking Solutions:
Explore banking options suitable for non-residents. Collaborations between service providers, like 1Office and Wise, can offer integrated solutions for smoother transactions. - Tax Implications:
Be aware of UK tax regulations and how they apply to your business. Consider seeking advice from a tax professional to optimize your tax strategy. - Accounting and Reporting:
Understand the requirements for filing annual accounts and other mandatory reports.
Consider engaging with local accountants who specialize in working with non-UK residents. - Brexit Implications:
Stay informed about any changes in regulations or procedures related to Brexit that may impact your business. - Legal Requirements:
Ensure compliance with UK laws and regulations. Understand the specific requirements for non-UK residents in terms of company registration and operations.
