As a non-resident, you can register a company and start a business in the United Kingdom by following these steps:
- Choose the type of company: The first step is to choose the type of company you want to register. The most common types of companies in the UK are private limited companies (Ltd) and public limited companies (PLC).
- Choose a company name: The next step is to choose a company name. The name must be unique and not already registered with Companies House, the UK’s official registrar of companies.
- Register your company: To register your company, you need to submit an application to Companies House. You can either do this online or by post. The application will require information such as the company name, the registered office address, details of the directors and shareholders, and the type of business the company will conduct.
- Appoint a director and a company secretary: You need to appoint at least one director and a company secretary for your company. The director is responsible for managing the company’s day-to-day operations, while the company secretary is responsible for ensuring the company complies with legal and regulatory requirements.
- Open a business bank account: To operate your business, you need to open a business bank account. This will enable you to receive and make payments and keep your business finances separate from your personal finances.
- Register for taxes: You need to register your company for taxes with HM Revenue & Customs (HMRC). This includes registering for Value Added Tax (VAT), if applicable, and Corporation Tax.
- Comply with legal and regulatory requirements: As a registered company, you need to comply with legal and regulatory requirements. This includes submitting annual accounts and returns to Companies House, complying with employment and health and safety regulations, and keeping accurate financial records.
It’s important to note that registering a company in the UK can be a complex process, and it’s advisable to seek professional advice to ensure you comply with all legal and regulatory requirements.