FAQ

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Content:

  1. What is included in the limited company formation?
  2. What is included in the overseas company registration?
  3. Is establishing or purchasing a company a transaction for which I must come to the UK?
  4. Does opening a limited company in the UK require the payment of the share capital?
  5. When must a company be registered for VAT?
  6. When registering a UK limited company, can I replace model articles of association?

1. What is included in the limited company formation?

Limited company formation service includes the following:

  • Companies House £12 fee;
  • Model articles of association;
  • Ordinary shares (allotted in British pounds);
  • Company formation (2 working days).

2. What is included in the overseas company registration?

Overseas company registration service includes the following:

  • Companies House £20 fee;
  • Registration with Companies House by mail;
  • Overseas company annual accounts may be required;
  • Overseas company director’s certified passport copy is required;
  • Overseas company articles of association copy and translation to English may be required.

3. Is establishing or purchasing a company a transaction for which I must come to the UK?

No, there is no such requirement and documents can be sent by mail. Residents of a foreign country may be shareholders and directors of a limited company registered in the UK.

Does opening a limited company in the UK require the upfront payment of the share capital?

No, there is no such requirement. Minimum share capital is £1 with 1 share. It is common to have a share capital consisting of either 100 or 1,000 shares of £1 each.

4. When must a company be registered for VAT?

he threshold for registering for VAT is £83,000 of taxable turnover per year (effective from 1 April 2016).

Registration threshold for distance selling into the UK is £70,000 of taxable turnover per year.

If your turnover is less than £83,000 per year, you may register for VAT voluntarily. HMRC reserve the right to reject the registration if you can’t give sufficient evidence of business activities in the UK.

If you are a VAT-registered business in the UK supplying goods and services to VAT-registered customers in another EU country, you must report those supplies to HMRC separately in addition to the VAT return filing. The frequency of the reporting depends on your turnover and the type of your supplies.

5. When registering a UK limited company, can I replace model articles of association?

Yes, you can provide your own articles of association for the limited company. Articles need to comply with Companies Act 2006.

 

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