UK Company Formation

Aug 14
10:25

2015

Matus Navrat

Matus Navrat

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More and more entrepreneurs are choosing these days to incorporate their businesses in UK, as opposite to any other country in the European Economic Area (EEA).

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Why choose UK to incorporate your business?

The main reason is the efficiency given by a very well defined logistic simplicity. If you choose to incorporate your business in Spain for example,UK Company Formation Articles you will need to contact lawyers, notaries and many other government officials. If you think about incorporating your business in other European countries such as Switzerland, keep in mind that you need citizenship and a local dress. But not in the UK.

The second reason is the level of financial resources involved. While other European countries require a significant capital, such as Germany where you need a minimum of €25,000 to incorporate your business, all you need in UK is a capital of €1. These facilities defined to encourage business development and written with the formation of limited companies in mind, are not to be taken as a laissez fair attitude towards the regulation of the business environment.

Beyond the logistic facilities mentioned earlier, limited companies must also submit various documents to Companies House at the moment of incorporation and periodically after starting activity.

While company formation in UK might seem extremely simple, is important to be very careful when choosing your agent. The official government registration fee is £13. If between this and what your agent is charging, the value doesn't seem to cover a professional service, then it is better to search for another agent in order to avoid legal complications later.

In UK, errors like failure to maintain registers of shareholders and minutes is a criminal offense. You also have the possibility of incorporating on-line. A very efficient method that can solve the agent problem. Still, incorporating without professional help increases the risk of forgetting important documents and having legal problems later on the road.

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