COMPANY FORMATION IN LONDON
Incorporating a company in the United Kingdom (UK) is an attractive option for many entrepreneurs, offering a wide range of benefits that can take their business to new heights. The following analysis focuses on the benefits of incorporating in the UK, taking into account current economic and business conditions, as well as the accounting support that a business necessarily requires. Including the benefits, advantages and ongoing support based on our services, the initial cost of registering your company at Companies House starts from £650. The cost of our services is based on your company’s turnover and is invoiced monthly at a fixed cost that is known from the outset, with no hidden charges or sudden changes.
BENEFITS AND CHOICE WITH UNLIMITED POSSIBILITIES
Favourable tax environment: The UK has a competitive corporate tax regime, with corporation tax at 19%. In addition, various reliefs and incentives are available which can significantly reduce tax costs.
International business profile: Establishing a business in the UK, and particularly in London, brings prestige and recognition on a global scale. Your company will gain access to a wide network of professionals and clients, enhancing its image and credibility.
Global prestige: The UK is an economic superpower with a long tradition of doing business. Doing business in the UK is associated with reliability, stability and ethics, giving your company a significant competitive advantage.
Access to international markets: The UK is a gateway to markets across Europe and the rest of the world. Your business will have access to a robust network of trade agreements, making it easier to export and expand into new markets.
We dedicated tax team supports and manages the formation of companies in the UK, taking care of the entire process from selecting the appropriate legal form, registering the company, opening a business bank account and providing full accounting support. We provide comprehensive legal and tax advice and step-by-step support to ensure the smooth and flawless implementation of the incorporation, compliance and smooth operation of each business.
We typically offer a comprehensive package of all the services a business (with a turnover of up to £88,000) needs, which can be split into 12 monthly instalments.
Note: the annual cost will vary depending on your company’s annual turnover.
OUR SERVICES ARE LISTED BELOW:
1.Preparation and submission of annual accounts at Companies House
2.Preparation and submission of statutory accounts with HMRC
3.Preparation and submission of company tax returns to HMRC
4.Preparation and submission of director 1’s self assessment to HMRC
5.Statutory service and associated company administration services
6.PAYE registration and monthly payroll for up to 1-2 employees
7.Submission of RTI payroll for employees
8.Registered agent – dealing with HMRC on behalf of the company
9.Preparation of statutory documents – including payslips and dividend vouchers
10.Monthly accounts using the XERO system
11.Monthly management accounts
12.Comprehensive financial, tax and business advice and support
13.Dedicated business management
14.Accountant reporting letters
15.Dedicated client relationship
Contact us for a quote or if you have any questions about starting a business in the UK or need accounting support for your existing business.
COMPANY FORMATION PROCEDURE IN ENGLAND
A limited company is the most popular option for entrepreneurs wishing to incorporate a business in England.
Start your UK business!
• Set up & accounting support without you having to travel
• Advice on company name, SIC codes & legal structure
• Smooth & fast incorporation
• English & Greek language support
Take your next step to success!
Essential steps in incorporating a UK company:
• Choosing a Company Name
• Registering the company
• Opening a bank account
• VAT registration (optional)
• Employer’s Registration (optional)
Note: Depending on your business, you may not need to register for VAT or Employer’s Registration.
An experienced accountant from our team will advise you on all the necessary steps and complete the incorporation of your company in England with:
• Professionalism
• Reliability
• Knowledge of the English business environment
We can set up your company within 2-3 days. Upon registration, you will receive a complete package of documents, including:
• Certificate of Registration
• Memorandum and Articles of Association
• Registered office address
• Certificate of Shareholders and Directors
Your company can start trading on the same day
We will ensure that all the necessary steps are taken to ensure a smooth incorporation so that no further corrective action is required. We will help you choose the most appropriate type of company (Ltd Company, LLP, Sole Proprietorship) taking into account your needs and objectives.
Fill in the contact form and select on the subject Company Formation in London.
TAX IN THE UNITED KINGDOM
The UK’s favourable tax regime is one of the main reasons for choosing the UK for your company’s headquarters. In particular, by incorporating a company in England, you will benefit from:
• A tax rate of 19%
• No advance tax
• Zero insurance contributions
• Zero VAT on transactions outside the UK on services unless they are goods subject to customs duty
• No obligation to register for VAT if turnover does not exceed £85,000
• High tax-free threshold
OPEN AN ACCOUNT WITH REVOLUT
Easily open a Revolut business account online:
• Easy & convenient setup
• Easy & convenient to use
• Manage your transactions at low cost
• Ready in minutes
Revolut is an online bank trusted by millions of business owners every day.
Some of the benefits of a Revolut account include:
• Fast process that does not require you to travel to the UK
• Suitable for investing in cryptocurrencies, gold and shares in large companies
• Offers secure transactions with 3D Secure
• Send money worldwide in 70 different currencies
We refer businesses to Revolut Business to open an account through the referral program that all our clients use
To open a business account, you will need:
• ID card or passport
• A utility bill or bank statement that clearly shows your name and address
• A mobile phone or tablet for identification with a photo (selfie or video)
You can open a business account with Revolut in just a few minutes with the help of a Business Account Advisor who speaks your language and we will put you in touch with them
OPEN AN ACCOUNT WITH WISE
The Wise Business Account is an ideal tool for international businesses.
Whether you are starting a new business or expanding your existing business into new markets, Wise will help you manage your finances with ease and efficiency.
• Convertible account, in over 40 different currencies.
• Send money, to over 160 countries around the world at the average exchange rate.
• Receive money, in +9 different currencies via local account details, just like a local business.
Charging, just a small transparent fee for each transfer, with no other hidden charges or transaction fees.
Once we have set up your UK company, you can register by opening a Wise Business Account in minutes and start managing your finances with ease and efficiency.
