Open a company in the UK from Spain

Opening a company in the UK from Spain is, without a doubt, a relatively straightforward process. This is mainly due to the flexibility and efficiency of the British business system. In fact, the UK offers numerous tax advantages, simplified regulations, and an exceptionally attractive corporate structure for foreign entrepreneurs. Therefore, if you are considering expanding your business internationally, the UK stands out as an excellent option. Below, we outline the essential steps you must follow in order to incorporate a company in the UK from Spain. Find out how to open a company in the UK from Spain!

How do I open a company in the UK from Spain? Where do I start?

1. Choosing the type of company

The first step is to determine the type of company you want to establish. The most common business structures in the UK are:

• Limited Company (LTD): Similar to a limited liability company in Spain, it limits the liability of partners and is the most widely used option.
• Sole Trader: Equivalent to a self-employed individual, ideal for small businesses.
• Partnership: For businesses with multiple partners.

2. Company registration

Once you have decided on the type of company, the next step is to register your business. To do so, you must submit the necessary documentation to Companies House, the UK’s official company registration authority. Fortunately, this process can be completed entirely online and, in most cases, is finalized within just 24 hours

Required information:

• Company name (must be unique and comply with legal requirements).
• Registered office address in the UK (you can hire a virtual office service).
• Details of the director and shareholders.
• Memorandum and articles of association.

To facilitate this process, you can use specialized companies such as Max Sociedades, Mega Sociedades, or Dino Sociedades.

3. Obtaining a Unique Taxpayer Reference (UTR) and registering with HMRC

Once registered, your company must obtain a Unique Taxpayer Reference (UTR) and register with Her Majesty’s Revenue and Customs (HMRC) for tax and accounting purposes. Depending on your business activity, you may also need to register for Value Added Tax (VAT) if your annual revenue exceeds the threshold.

4. Opening a business bank account

To operate in the UK, you will need a business bank account. Some British banks may require a physical presence to open an account, but there are also digital banking options like Revolut or Wise that facilitate the process for non-residents.

5. Accounting and tax obligations

Maintaining proper accounting records is crucial. Companies in the UK must file annual returns with Companies House and submit tax reports to HMRC. Many businesses use management services like Max Gestoría to ensure regulatory compliance.

6. Managing the company remotely

Managing a UK company from Spain is entirely feasible thanks to digital tools and the option to hire legal and accounting representation. Companies such as UK Empresas and Sociedades UK can assist with administrative management.

In case you have doubts on how to open a company in the Uk if you live in Spain and require further information, visit our website or learn more about our company.