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By valero
- In Uncategorized
After reading all our articles you might have decided to start a company. But you want it to be as simple and quick as possible, we explain here how to register a company in the UK online from home.
If you are thinking of starting a business in the UK, this article will explain the process to open your business without standing up from your sofa.
Advantages of registering a company online in the UK
First of all, let us list the advantages of doing this process completely online.
It is a quick process, as you can complete it in just a few hours. It is also a simple process, designed to be intuitive. We have already told you in other articles that the UK is characterised by simple processes related to company management.
It is a cheap process, costing as little as £12. And, best of all, you can access it from anywhere in the world, as you don’t need to live in the UK to register a company there.
Steps to register your UK company online from home
Firstly, choose the type of company you wish to set up. Generally, the most popular option is a Private Limited Company (LTD), as it offers limited liability and a good corporate image.
Then, following the steps we have explained in this article, choose the right name for your company. It must be unique and comply with Companies House conditions. You can check if it is available using the search engine offered by the UK registry.
To continue with the process, appoint the director(s) and shareholders. Remember, in both cases, this can be you or the same person.
That is necessary, even if you are registered from your home outside the UK, you must have a registered address in the UK. This is known as a Registered Office Address. You can contract a virtual address service to receive official correspondence there.
To continue, go to the Companies House website and fill in the IN01 form, which you will find in one of the sections of the page. To complete it properly, you need to be clear about your company name, directors’ and shareholders’ details, your UK registered address and share capital.
Once you have submitted the form, it is time to pay the registration fee. The fee is £12, or £40 if you choose additional or expedited services. As soon as Companies House processes your application, you will receive an official certificate attesting to the official existence of your company.
Please bear in mind these considerations
In order to operate your business in the UK, you need to have a UK bank business account. While registering your business online is quick and easy, opening a business bank account will require more paperwork.
It is vital that you keep accurate records of your company’s accounts and file annual accounts. To do this, you can bring a certified public accountant or manager onto your team. The same person will help you with your tax returns to His Majesty’s Revenue & Customs (HMRC).
Tips for successfully registering your company
We always give you the same tips, but we firmly believe that they will help you. Start by preparing all the paperwork before you start. Be clear about all the details to avoid mistakes and delays.
If you do not live in the UK, it is advisable to contract a third-party address service so that you have a UK address. And, as always, do not hesitate to enlist the help of an advisor to guide you through all the steps so that you don’t have any final disappointments.
Conclusion
Registering a company in the UK online from home is an easy, quick and affordable option for entrepreneurs all over the world. By following the right steps, you can have your company legally incorporated within hours and start trading internationally.