Blog

All our blogs are published to encourage your passions, to teach you something new. Here we share our knowledge, experiences and the latest business news to keep you all updated.

Bookkeeping

How to open a UK business bank account for Non-UK residents?

An application for a UK Business Bank account is not accepted unless the applicant resides in the UK.  Therefore, to apply for a bank account in the UK, you must be a UK r...

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Bookkeeping

Can I open a business bank account in the UK?

To open a business bank account in the UK, you need to hire a Nominee Director in your company who must be a citizen of the UK.  What documents and information do you need...

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Company Formation

How to set up a limited company in four basic steps?

Here are the four important steps to set up a limited company. Choose a type of your limited company: When you decide to set up a limited company, you will need to select...

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Bookkeeping

Benefits of opening a business bank account in the UK

Benefits of opening a business bank account in the UK Let’s know the benefits of having a UK business bank account. You need a business bank account for managing the money gai...

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Company Formation

How to form a Limited Company in the UK?

The legal conditions for forming a Limited Company in the UK are: A registered office address must be a UK address and can not be an address for PO Box. You must be able to re...

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Company Formation

What is meant by an Ltd. (Limited)?

Ltd. is a "limited" abbreviation. It is a type of corporate structure available in countries like the United Kingdom, Ireland, and Canada. The term appears as a suffix placed af...

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Company Formation

What is a Ready-Made Company?

A ready-made company is a pre-registered entity that you can use immediately to start trading. These can be made available within 48 hours. When you start your own business, con...

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Company Formation

What are the benefits of Ready-made Company?

A ready-made company will give credibility and maturity to the business because of the year of incorporation, and it will help in building a good image of your company from the ...

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Company Formation

How to Register a Business with Companies House?

Here are a few easy steps below to register a business with Companies House: Select an organisational frameworkThe most popular type of business in the UK is considered as ...

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Company Formation

What is the role of Companies House?

Companies House is known as a government entity in the UK, which is responsible for managing company records. As a company owner, you will need to interact with the agency while...

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Companies House and its functions

Companies House acts as an official registrar of UK businesses in the following countries: Northern Ireland, England and Wales, and Scotland. It helps to control and implement...

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Company Formation

What is EIN (Employer Identification Number)?

Every company that has employees is required to have an Employer Identification Number (EIN), but if you do not have employees in your company then you will need a Social Securi...

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Company Formation

What's the financial position of a company limited by guarantee?

A company limited by guarantee has no share capital, and it cannot raise money by selling equity subscribers' shares. It is appropriate for non-profit projects. It can pursue it...

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Company Formation

What is a Company Limited by Guarantee?

A Company Limited by Guarantee refers to a type of business structure designed for non-profit organisations that produce income for community-based, charitable or social objecti...

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Bookkeeping

Is it illegal to keep Offshore Bank accounts?

Offshore accounts and offshore banking are not illegal. In reality, as they move overseas, many foreign executive professionals open offshore accounts, as these accounts provide...

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Bookkeeping

How to open an Offshore Bank account?

Opening an offshore bank account requires a few basic steps: Decide the type of bank account you want to openThere are several types of bank accounts including Business Bank...

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Bookkeeping

Can I open an offshore bank account in the US as a non-resident?

Requirements for opening a US business bank account: A handful of documents are required to open an account in the US. You will need to provide your ID proof such as a passpo...

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Bookkeeping

Can I open business bank accounts in foreign countries?

THE FEATURES AND PROCESS OF OPENING BUSINESS BANK ACCOUNTS IN FOREIGN COUNTRIES. The process of opening a business bank account in foreign countries is easy, especially when ...

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Bookkeeping

What is an Offshore account?

An offshore bank account is a financial account that is located outside the country of residence of a depositor. This account may be used by an individual or a business. An o...

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Company Formation

How to form a company in the UK?

A UK company is formed by filing a set of documents with the Company Registrar at Companies House. A company is officially registered when an incorporation certificate is issued...

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Company Formation

What is Company Formation?

Company formation is a process of incorporating a business in the UK as a Limited Company. This process is also known as 'Company Incorporation' and 'Company Registration'. Li...

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Company Formation

Top 7 myth of company formation in the UK

There is a lot of myths about UK company formation. This article will describe some of the most popular misconceptions about company formation. It is expensive to register a...

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Company Formation

What are the stages of company formation in the UK?

Company formation is a lengthy process. The entire company forming cycle can be divided into four phases: Promotion stage, Incorporation or registration stage, Capital subs...

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Company Formation

Usage of Virtual business address

A virtual business address provides companies with two mail services. The first is the registered office address for limited companies and LLPs. The second is the virtual addres...

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Company Formation

How to get a UK virtual address remotely?

If you live in the UK or just want to trade here, there are different ways to register your company and become official. Luckily, the days of lengthy paper form filling and wait...

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Company Formation

Can I use a virtual business address for my UK company?

A virtual business address is a facility that provides the company owner with all the advantages of commercial premises, office address and telephone number, correspondence and ...

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Company Formation

Why is a virtual business address called a virtual business address?

A virtual business address is used for receiving business-related documents. Thus it gives parcel forwarding facilities. Why do you choose a virtual business address? Profes...

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General Blogs

Do you need a business bank account as a sole trader?

Everyone has financial and tax responsibilities, but it is not required to run their business finances through a dedicated business account. A personal bank account can be used...

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General Blogs, Bank Account

SWIFT International Payment Network

Instead of transferring funds, the SWIFT network delivers payment orders among different banks using SWIFT codes. It provides a network through which 10,000 financial institu...

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General Blogs

How to get a Unique address in the UK?

A Unique address in the UK is the official physical address of a company in the UK which no other company has. This address has been provided to Companies House, which is the UK...

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General Blogs

How to get a UK PayPal Account?

The steps to get a UK PayPal Account: Open a UK business bank account: To open a UK business bank account, you must have a UK director in your company. Get a UK Pay...

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Company Formation

Register a US offshore company and get a nominee director as a non-US resident

A non-US resident can form a company in Delaware state in the US because it is the most business-friendly and popular state for doing business. Delaware offers flexible favourab...

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General Blogs

Top 5 ways to Advertise your Business

International businesses focus on innovative ways to advertise their products and services. You must have full knowledge about your industry and its products and services to gra...

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General Blogs

Custom Paypal Button: Setup & Integration Guide

A PayPal generic button can be added to your website to give it an attractive look. Add PayPal custom buttons to make your button look a little different to match the design of ...

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General Blogs

UK Tax on Foreign Dividends

If you are a citizen of the UK, you must pay UK income tax on foreign dividends from overseas shares. How are dividends taxed in the UK? If you have your shares in a foreign...

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Bank Account

Declaring Foreign Bank Accounts to HMRC

HMRC has access to financial data worldwide. One of the main principles of UK tax law is that all UK residents must declare their income and profits from their foreign accounts ...

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General Blogs

How to Set up Direct Debit for your Customers?

You can accept direct debits only when you receive regular payments from your customers. There are several advantages of using direct debits for your customers as well as your ...

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General Blogs

Top 3 Online Business Ideas in the UK

Ecommerce Business Ecommerce is a rapidly expanding business that is used to sell products and services online. It also supports online transactions. You can sell homemade goo...

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General Blogs

How to monetise a website?

If you already have a website to sell your products and services, you can monetise your online presence and use it as your new business. Are you a good content writer and look...

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General Blogs

Stripe Affiliate Program: How does it work?

Stripe is a popular online payment processor, used by millions of entrepreneurs in over 120 countries, including several well-known brands. Stripe also provides a huge partner ...

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General Blogs

Co-operative Bank Business Account

A Co-operative Bank can provide you with several business accounts for different types of businesses. This includes nonprofit and community businesses. If your bank gives import...

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General Blogs

Do you need a Joint / Partnership Business Account?

As a co-owner of a partnership, you will have to maintain a long to-do list in the first few months. You might be considering whether to open a dedicated business account for yo...

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General Blogs

Order Management Software for UK Companies

Having efficient order management software for your retail and e-commerce businesses is an essential part of your business. It can save you time and money, as well as increase y...

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General Blogs

How to buy a business for sale?

If you are planning to buy a business, you must know which sector you are interested in. Also, you must know if you only want to buy a new company or to expand an existing busin...

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General Blogs

How does Shopify work in the UK?

If you are planning to start an e-commerce business to sell your products or services, you can use an online platform like Shopify to create and manage your store easily. Steps...

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General Blogs

US Nominee Director

The US Nominee Director is a person who performs all the duties on behalf of you in your LLC company. But you will have full control over your company through the Power of Attor...

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Bank Account

How to open a Lloyds business account?

Opening a business bank account in Lloyds requires an online application process. You can also apply or chat with an advisor over the phone, or visit a local Lloyds branch for f...

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General Blogs

How to get a UK driving licence

Getting a UK driving licence requires a few easy steps: Apply for your licence, Book and pass your theory driving test, and Book and pass your practical driving test. ...

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Bank Account

The Best Business Bank accounts for a Limited Company

Opening a business bank account is essential after setting up a new limited company. Limited companies must have their own dedicated business current account that is separate fr...

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General Blogs

Stripe International Payments

Stripe is a payment processing platform that supports the online money transfer between a customer's bank account to a merchant’s bank as a payment for goods or services bought ...

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General Blogs

Skrill money transfer: How does it work?

Skrill is an online wallet that allows you to send and receive money within the UK and worldwide. It has a million users as it is an established money transfer service, and its ...

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Bank Account

Tide Business Banking | Features & Review

Tide is an electronic money institution that provides business banking services to small enterprises, freelancers, sole traders, and established limited companies. Tide does no...

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General Blogs

How to take payments online from clients?

When you sell your product online, you must make sure that your customer can pay you easily. The easier the payment process, the more visitors will visit your website. Also, yo...

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General Blogs

Top 5 Work from Home Jobs in the UK

Nowadays, more people are looking for work from home because of the global coronavirus outbreak. What jobs can you do remotely? Several jobs can be done remotely. You just ...

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Bank Account

Cashplus Business Bank Account

Cashplus is a single business current account designed specifically for startups and small businesses. They provide the best banking solutions. Cashplus provides businesses wit...

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General Blogs

How to copyright and trademark a company logo?

After designing an amazing logo for your company, you must copyright it to protect it from using it by other people and companies. You just need to apply the © symbol to your l...

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General Blogs

Difference between trademark and copyright

When you form a new company, you will have to make sure no one else can use your business assets like your logo, marketing slogan, packaging design, or website. The best way yo...

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General Blogs

What is CHAPS Payment?

In the UK, there is one type of payment scheme called CHAPS Payment. CHAPS Payment has its own set of unique features along with some advantages and disadvantages. CHAPS paymen...

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General Blogs

FIRC: Definition and procedure

What is a FIRC? A FIRC stands for Foreign Inward Remittance Certificate that refers to a document that acts as a testimonial that all incoming international transfers ended up ...

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Bank Account

How to open a bank account in Switzerland?

Most people plan to move to Switzerland for working or studying, because of its beautiful scenery and a high standard of living. If you are planning to stay in Switzerland for ...

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General Blogs

All about SWIFT Payment

Instead of transferring funds, the SWIFT network delivers payment orders between banks using SWIFT codes. It is used to send money overseas fast, accurately, and safely. It pro...

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Company Formation

5-year-old Readymade UK Limited Company

If you are looking for an up to 5-year-old UK Limited Company then you are on the right page, RTRSupports Limited can offer you an up to 5-year-old UK readymade company and UK b...

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General Blogs

Definition of e-invoicing

The exchange of an invoice document in an electronic format between a supplier and a buyer is called e-invoicing. For many years, e-invoicing has been a common B2B practice, and...

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General Blogs

Barclays Business Account Charges

table{width:100%; border-collapse: collapse} td{ padding:10px; border:1px solid #ccc; } The charge applied to the businesses that use multiple payment methods is known a...

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Bank Account

UK business bank account: Types, cost and a step-by-step guide

If you are starting a new business, opening a business bank account is one of the most important things you can do. Do you need a UK business account? Although a business acco...

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General Blogs

How does a payment gateway work?

A Payment gateway is an online payment service that is used by various types of businesses to accept credit card payments from their customers. It is found in eCommerce platform...

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Bank Account

Set up a Barclays business account

There are several ways to open a business account with Barclays, they are: Open a bank account online - Barclays business online banking:  Apply for business bank account...

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General Blogs

Barclays Business Account: Types and Features

Barclays offers 4 types of business bank accounts for startups as well as growing businesses and social enterprises. These are: Barclays offers 4 types of business bank account...

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General Blogs

How to use Wise with Google Pay?

If you are planning to visit Los Angeles in the U.S., you will need U.S. currency for cash purchases. So you will need a fair amount of U.S. Currency to make the trip successful...

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General Blogs

Best places to exchange currency in Los Angeles

If you are planning to visit Los Angeles in the U.S., you will need U.S. currency for cash purchases. So you will need a fair amount of U.S. Currency to make the trip successful...

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General Blogs

International Prepaid Debit Card

International Prepaid Debit Card An international prepaid debit card is known as a currency card that allows you to load money before travelling abroad and use it as a debit c...

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General Blogs

What is a Virtual Assistant?

What is a Virtual Assistant? A Virtual Assistant refers to an assistant who works remotely to provide various services like attending business calls, arranging meetings, digit...

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General Blogs

What is the minimum wage in the UK?

What is the minimum wage in the UK? Many people dream of living and working in the United Kingdom. There is a legal National Minimum Wage (NMW) as the wages vary hugely in the ...

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General Blogs

Benefits of using TransferWise for International Money Transfer & its fees

Sending money from one currency to another is never going to be free, but when you use TransferWise, the fees become recognizably lower than the charges required while transfer...

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General Blogs

How to transfer money from PayPal to TransferWise? What are its benefits?

PayPal is a famous and easy to use app for making and receiving international payments. However, when it comes to currency conversion costs and exchange rates, PayPal isn't alwa...

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Bank Account

Starling Business Account: International payments

Starling Bank is mainly open for business purposes, both for limited companies and sole traders. Nowadays each and every business owner wants to grow business globally. Therefo...

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General Blogs

What is the use of IBAN, SWIFT and Sort code?

IBAN An International Bank Account Number (IBAN) of your bank account is required while making an international payment. IBAN is required when you are making a SEPA transf...

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General Blogs

What is a UTR number and how to get it?

A UTR number is your Unique Taxpayer Number assigned by HMRC to each self-assessment taxpayer to track their tax records. Also, it is required while submitting tax returns to HM...

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Bank Account

Deutsche Business Bank Account: Charges and features

Nowadays, it is very confusing to choose a business bank account as there are several options available. Among those options, you must choose the right one for your business. F...

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Company Formation

Incorporating a company in the USA

USA incorporation is possible without a Social Security Number (SSN) for both US residents and non-US residents. Corporation in Delaware: For a non-US resident, incorporating a...

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General Blogs

Quick guide for company setup

UK LTD Company Setup: Legal requirements: A UK registered office address (not a P.O Box address) At least one director and one shareholder Receive postal mail at your regi...

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General Blogs

UTR Number in India | Its uses & importance

A UTR or Unique Transaction Reference number is a reference number for identifying a particular transaction in NEFT, IMPS or RTGS. It is a unique number generated by the bank th...

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General Blogs

Definition of IBAN

The International Bank Account Number is a unique identifier that helps to process payments from banks to persons all over the world automatically. It has all bank account-relat...

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General Blogs

Wise: International money transfer

International money transfer becomes a part of the day to day lifestyle as nowadays more people are moving and travelling abroad. As there are several options available to send ...

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General Blogs

Transfast International Transfer

Transfast is an online money transfer service for individuals and businesses. This service is for the residents of the United States and Canada to send money to more than 50 cou...

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General Blogs

ACH payment: How does it work?

ACH payment stands for automated clearing house payment is a secure online money-transfer system where money is sent from one bank account to another and can be either a credit ...

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General Blogs

Citibank business banking

Citibank, headquartered in New York, is a major consumer bank. It provides small and big businesses with business bank accounts and business solutions. Citibank is well known f...

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General Blogs

What is the UTR Number in India? | Its uses & importance

A UTR or Unique Transaction Reference number is a reference number for identifying a particular transaction in NEFT, IMPS or RTGS. It is a unique number generated by the bank th...

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General Blogs

PayPal payment gateway and its uses

PayPal payment gateway is a financial tool that helps to conduct money transactions online all over the world without entering any financial details into every website you deal ...

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General Blogs

What is PayUmoney?

PayUmoney is a payment gateway service provider in India that aims to create a safe and secure ecosystem to make online payment easy for merchants and customers. PayU provid...

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Company Formation

How to save tax for UK companies?

Many UK businesses pay too much tax annually because they do not claim justifiable tax deductions. This problem is mostly faced by small businesses as some companies prefer to h...

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General Blogs

How to convert a sole trader to a limited company?

The imbalance of tax and disbalance of financial security with different types of self-employed workers and small business owners in the UK leads many people to the benefits of ...

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Company Formation

Advantages of opening an offshore company in Delaware

Advantages of offshore business in Delaware: Delaware will maintain and protect your assets from various criminal activities and political issues. The security will depend on...

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General Blogs

8 Phases to shape your own limited company

When you have decided to trade with your limited company, you must apply to Companies House. You can apply your application directly, either electronically via the Companies Hou...

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Company Formation

How to create an Offshore Company in the UK?

The process of establishing an offshore company is faster and easier than establishing an onshore company. Choose a Company name: You must choose a proper company name by sele...

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General Blogs

Advantages of Virtual Business address in UK

A virtual business address allows higher efficiency, lower commuting costs and greater flexibility. The virtual offices reduce the overheads and infrastructure costs and make a ...

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Bookkeeping

Accounting and Bookkeeping 

Maintaining correct accounting records is not only a legal necessity but also necessary for the company's sustainability. Precise bookkeeping will allow you to keep all the deta...

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General Blogs

Common mistakes in small business startup

It's not always easy to start a business. There are so many things or choices to think about. A poor decision can damage your business success or put you back. There are just a...

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Company Formation

Advantages and disadvantages of LLP

Limited Liability Partnerships are generally referred to as LLPs in their abbreviated form. The LLP structure is ideal for accountants, attorneys, architects, contractors, surve...

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General Blogs

UK Nominee Director Services

The nominee director will be identified on the official records and will have official control over your company. The Nominee Director Agreement must be signed before you appoin...

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Company Formation

UK company formation for non-resident

It's a great option for anyone doing business in the UK. The easiest way to form a limited private company is to form a company through a training agent. They will assist you i...

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Company Formation

Four steps to plan a company formation

The points below will allow you to form a successful and sustainable business. Choosing a company structure There are various business structures available for various goods...

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Company Formation

Setting up a Limited Company in the UK

Some of the basic legal requirements for establishing a Limited Company in the UK are: A registered office address must be in the UK. Postal mails can be received at your re...

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General Blogs

What is Limited by Guarantee Company?

A limited by Guarantee company is also referred to as a 'not-for-profit' or 'charitable organization,' this applies to the fact that the parties concerned are not extracting the...

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Bookkeeping

Why is bookkeeping essential?

Bookkeeping is important to keep the financial records correctly. Below are the reasons why bookkeeping is important: 1. Bookkeeping helps in budgeting Bookkeeping helps in b...

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Company Formation

Role of Nominee Director in UK Company formation

The offshore nominee directors are the agents who do not exercise any authority with the corporation. The name of the Directors will be written in the Company's reports. Althoug...

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General Blogs

Top 5 Myths for Company Formation

There are several myths about UK company formation. It is not a difficult task to register a UK company, whether directly using Companies House or with the help of a company for...

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Bank Account

How can I open a business bank account in the UK?

When you are running a company in the UK you are not legally required to have a particular business bank account. But you'll find it important to keep clean accounts. Thankfully...

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Bookkeeping

Functions of an offshore bank account

Protection of AssetsPeople who live in a politically or economically unstable country can get benefits from offshore banking. It helps to protect the assets of investors or ac...

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Company Formation

Incorporating a company in the British Virgin Islands (BVI)

The British Virgin Islands is one of the largest offshore financial hubs in the world and the primary venue for the incorporation of offshore companies. There is a strong offsh...

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Bookkeeping

Best countries for opening an offshore bank account

When it comes to the safest and best offshore bank accounts, people will offer a lot of conflicting advice. There are several nations that offshore investors continue discussing...

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Company Formation

What is the difference between LLP and LTD?

When creating a company, you can ask yourself so many questions that you may forget how you plan to structure it until the final minute. So how do you decide which company is be...

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Bookkeeping

General ledger maintenance

The general ledger represents the cash receipts, sales journal and the money transfer journal, an unchanged outline of all your supporting papers. The general ledger reflects a ...

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Company Formation

How can I move my UK limited company to a different country?

You can base your entities in multiple locations across the globe. It is beneficial if you are willing to move your registered company to another location but are not ready to ...

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Company Formation

Are limited company directors liable for their debts?

Establishing a limited company involves a little more in the way of formation than being a sole trader, as well as higher economic and admin duties, there are certain benefits o...

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Company Formation

Obtaining a Certificate of Good Standing for your limited company

Companies registered as private limited in the UK can obtain a certificate of good standing from the Companies House. The companies in the UK that have been continuous, unbroken...

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Company Formation

What are the Advantages and Disadvantages of VAT registration?

Value Added Tax (VAT) is charged on most of the goods and services provided by VAT-registered businesses in the UK, along with some goods and services imported from non-EU count...

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Company Formation

How to set up a business email address for a UK business?

Currently, having a business email address for a UK business is very essential for any sole trader, partnership or limited company because it generates a professional image. It ...

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General Blogs

Low-cost business ideas for startups

Several businesses start on a low budget. This may be because you have a desire to start something on the side with your present job that can help you to bring in some extra amo...

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Company Formation

What Is the Difference Between Domestic and Offshore Companies?

In the event that you are searching for a product improvement organization, you may ponder what is the contrast between domestic and offshore Company? Both domestic and offshore...

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Company Formation

Delaware as a Tax Shelter

Any method to reduce taxable income that leads to a reduction in tax payments is a tax shelter. The United States has defined tax shelter as any method of recovering more than 1...

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Bookkeeping, Bank Account

Tax benefits of an Offshore company

Introduction A UK resident company is liable to UK corporation tax on its overall income and gains. By differentiation, a non-UK resident organization is just subject to corpor...

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Bookkeeping, Bank Account

What is an Offshore Trust?

An offshore trust refers to a normal trust that is formed under the laws of an offshore jurisdiction. It consists of a relationship/arrangement among Trustee, Settlor, and Benef...

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Company Formation, Bank Account

The Cook Islands as an offshore company or offshore bank account

The Cook Islands is an archipelago of fifteen little islands, situated in the South Pacific Ocean, between New Zealand and Hawaii. It is one of the members of the Commonwealth a...

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Company Formation

Advantages of opening an offshore company in Delaware

Delaware is one of the 50 states of the USA, in the South Atlantic or Southern region. Over 50% of all U.S. traded on an open market organization and 63% of the Fortune 500 are ...

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Bookkeeping, Bank Account

Offshore Investing & its Benefits

Offshore investment can include any circumstances where speculators reside outside the nation in which they contribute. This practice is mainly used by financial experts for ele...

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Bank Account

What is IBAN? Countries that use IBAN

ISO 13616 IBAN Standard Structure IBAN is described in ISO 13616-1. It consists of a country code ISO 3166-1, with two check numbers followed, and a BBAN (Basic Bank Account Num...

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Company Formation

Offshore Companies in the UAE

An Offshore Company is a legal business element that is set up with the expectation of operating outside its registered location as well as the area of its final ownership. Offs...

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Bookkeeping

Advantages of Outsourcing Accounting and Bookkeeping

Bookkeeping and accounting are considered as non-core business functions, which form an integral part of various functions of a company. Due to several constraints, the small co...

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Bookkeeping, Bank Account

What are IBAN, BIC or SWIFT?

IBAN International Bank Account Number or IBAN is a worldwide accepted account number used for payments on the global banking account. It is an international account number th...

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Bookkeeping

The advantages of opening a business bank account in the UK

Businesses that are operated as limited companies or partnerships need to set up a business bank account to report the taxes appropriately. Especially if you are planning to exp...

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General Blogs

The journey of RTR Supports Limited

We are overjoyed to announce that RTRSupports Limited has completed 7 years of its amazing journey. On this date, RTRSupports limited acquired its desired position in the corpor...

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General Blogs

How to invest in business expansion?

When you have accumulated a good amount of capital you must invest it in your business for its growth. However, before investing in your future business expansion you must consi...

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General Blogs, Company Formation

5 signs that indicate you need business relocation

In small businesses change is not always easy to handle. Being an entrepreneur you always have to analyse and evaluate how you can achieve your business goals. In some situation...

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General Blogs

How to apply for a business visa in the UK?

People who do not reside in the United Kingdom can apply for a Business Visitor visa if they are planning to visit the UK for any business-related purposes. You can apply for a...

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Bookkeeping

The procedure of transferring money offshore

Ending money from your country of residence to a tax-free jurisdiction is completely legal and will not cause any problem with the tax authorities of your country until the mone...

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General Blogs, Company Formation

How do you change your business service address?

When you go through the process of company formation to register your company as a limited company, you will be required to provide a business service address to Companies House...

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Company Formation

LLC versus INC - Which one to choose?

When setting up another organization two alternatives are to incorporate and set up a corporation (Inc.) or to set up a limited liability company (LLC). Both give the benefits o...

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Company Formation

UK Company's Pre-emption Rights Explained

The shares of UK limited companies are issued to shareholders. When shares are transferred or sold to another party the existing company shareholders might have rights over the ...

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General Blogs, Company Formation

Business trading address provider - Explained

Your company trading address is referred to as the place from where you operate your business. In the case of a solo entrepreneur or a sole trader working from home, they can re...

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Company Formation

What are a limited company's filing requirements?

Several filing and reporting requirements are there for registered companies and partnerships that need to be maintained every year. It is essential to prepare annual returns an...

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General Blogs

The Significance of Accepting Card Payment

The main objective of the majority of the companies is to make money and offer different payment methods to make sure that any of the prospective customers can make payments for...

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General Blogs

Effective ways to manage company growth

The growth of a company is the most desirable part for all entrepreneurs. However, if you fail to manage it can lead to excess cash flow in the business and other myriad problem...

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General Blogs

How to engage with prospective B2B clients?

In today's digital era undoubtedly 'knowledge is the power'. Whoever has adequate information and knowledge can be highly influential and are experts in their sectors. How can ...

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Company Formation

Can I reserve a Company name without forming a limited company?

If you are having an incredible business idea, then you will want to do every possible thing to execute that idea. However, even before implementing those ideas, you might know ...

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Bank Account

Setting up an Offshore Merchant Account for e-commerce business

Over the last few decades, there has been a meteoric rise in e-commerce and online business models due to the advancement of technology. The new way of doing business can be don...

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General Blogs

What are the benefits of starting your own business?

Most people think that running a business is a hectic process and give up before even trying. However, starting a business of your own is not as hard as you might imagine and ha...

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General Blogs

What are UK's Faster Payments?

Faster Payments is a type of electronic payment system launched in 2008 to make faster bank payments instead of three working days. This is referred to as the standard way for c...

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General Blogs

How to get Business DUNS number?

D-U-N-S stands for Data Universal Numbering System and is referred to as a proprietary system, which was developed by Dun & Bradstreet (D&B) back in 1963 to originally help supp...

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Company Formation

What is UK Corporation Tax?

Corporation tax is referred to as the equivalent of income tax for your company. Employees normally pay income tax on their earnings whereas a company owner pays corporation tax...

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Company Formation

What are the important points to know about PSC registers?

All UK companies establish and maintain a Registry of People with Significant Control (PSC Registry). Each company needs to take reasonable measures to determine whether its bus...

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Company Formation

What are the consequences of missing a confirmation statement date?

Your company Confirmation Statement is an important element that you need to submit to the Companies House every year along with your Annual Accounts. This rule is applicable fo...

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General Blogs

What is a Trademark?

Trademarks of the companies are identified as a badge of ownership they have been created. It is shown in the form of a unique image or a label that can be recognised and associ...

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General Blogs

10 important questions to ask for a successful startup

If you have planned to begin a new business then there are several important things you need to take care of to make your startup successful. No matter which stage you are in, y...

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General Blogs

Best tips for starting a home-based business

1. Get your company insured: When you are setting up an in house business it is necessary to check your insurance policy and take out additional cover for any business activity...

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General Blogs, Company Formation

Changing Company's registered office address

The majority of the organisations need to change their office address as their business changes over time. This is mostly done once the company has grown large enough that they ...

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General Blogs

The 3 R's of Outsourcing that must be considered

Being the owner of a small business, you might have thought of outsourcing some elements of your business. There are so many perks of outsourcing that experts in various industr...

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Company Formation

How to form a Subsidiary Company?

Like a standard company, the Subsidiary company formation process is the same. Before explaining the formation process of a subsidiary company it is vital to know about the subs...

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Company Formation

What is an article of association?

The articles of association are the significant document that forms all the rules and regulations with the help of which the internal affairs of a company are governed. As state...

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General Blogs

How to begin a business in a competitive sector?

Starting a new venture and making serious money from that requires choosing the right moment to strike. Promoting the new products and services of your business when the interes...

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Bookkeeping

Transformations in Tax dividends

Since 6th April 2016, a new dividend tax came into effect in a bid for determining tax-minimising strategies and incentives for more people to invest their bonus income instead....

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Bookkeeping

Offshore and International Banking

For more than 6 years we have been helping our clients to build up and regulate offshore and international bank accounts. In particular, We are an international offshore company...

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Bookkeeping

Setting up an offshore bank account in Europe

Setting up an offshore bank account in Europe can fill a required tax transparency need or a way in which the non-residents feature for the company can be kept up. Having a bank...

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Bookkeeping

How to identify my company tax number?

Starting a business is not always easy, it can be confusing to understand the different rules, regulations, and requirements that come with it. It happens especially when you ha...

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General Blogs, Company Formation

How to start an offshore business in the UK?

The process of setting up an offshore company in the UK is easier than setting up a company in other offshore entities. Here are the ways you can set up your offshore company i...

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General Blogs, Company Formation

Different types of business structures in the UK

If you have got a great business idea, did your market research along with an appropriate business plan, and you are thinking of setting up a company in the UK, then you need to...

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Bookkeeping

Reasons to consider offshore businesses banking

Offshore banking offers useful tactics such as flexibility of outstanding wealth since the inception of money. Companies always look for various ways to expand their business, i...

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Bookkeeping

Evaluate Bookkeeping and Accounting services the USA

Accounting and Bookkeeping are two functions that are critical for every business. Bookkeeping is the recording of financial transactions while accounting is translating, charac...

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Company Formation

What is a SAIL address?

A 'SAIL address' is a Single Alternative Location where a company or LLP can keep its statutory records and make those records available for public inspection. If you do not req...

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General Blogs

How to write a business plan if you want to start a new business?

In terms of business development, business owners should play to their ability and strength. There are different ways to start a new business. You should set up your business wi...

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Bank Account

Criteria to consider for choosing the best tax havens

Choosing a tax haven country is a significant part of offshore company formation or establishing a structure of the financial account, as jurisdictions are formed equal. In toda...

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Bank Account

Forex trading account with an offshore company

The experienced traders use offshore companies to protect their share - of foreign exchange (Forex) - trading accounts. Trading with a large amount of money on an experienced tr...

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Company Formation, Bank Account

Why do I need a Nominee Director?

In law, there are two noteworthy sorts of directors, effective and non-effective directors. A nominee director has a place with the second category and is delegated for an inter...

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General Blogs, Company Formation

Limited company VS Self-employed business

When starting a business as a sole trader, you are becoming one of the millions of SE sole traders operating in the UK currently. However, even if being the most popular way to ...

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Bank Account

The Cook Islands as a tax havens

The Cook Islands as a tax haven has tried endeavours to fortify its offshore financial area, in spite of the improvement of its financial services. The Cook Islands vigorously r...

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Company Formation

Shareholders for a Limited Company

A limited company’s legal beneficial owners are mainly the shareholders. In return for portion ownership in the form of equity shares, these individuals invest money in a compan...

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Bank Account

Registered Office Address Provider - Explained

When you set up a limited company, you will have to go through the Company Formation Process. During the process, one of the criteria you will have to fulfil is to provide Compa...

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Company Formation

What does a corporate shareholder mean to your business?

Corporate shareholder A corporate shareholder is a term used to describe a company owning shares in another limited company. A corporate shareholder may refer to another limite...

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Company Formation

Service address vs registered address

A service address and a registered address are entirely different with separate purposes and requirements. A service address is the requirement of all company directors, subscr...

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General Blogs, Company Formation

An Effective Guide to Begin Your Own House Sitting Business

You must be thinking if house sitting business is not going to be a viable business and if it is right for you to run. Well, there might be more daily activities and official re...

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Bookkeeping

Accounting service for small businesses in the UK

Small-medium sized businesses in the UK setups objective is to execute their business procedures in the most suitable and organized route through bookkeeping and accounting serv...

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General Blogs

International marketing tips for overseas business

Businesses planning to relocate overseas, or to access the international market in the UK can get enormous benefits. However, globalising your business can be a tricky transitio...

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Company Formation

Important points about company liquidation

Liquidation is a legal process that pertains to partnerships or companies where a liquidator is selected to 'wind up' the dealings of a business. At the beginning of limited co...

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Company Formation

How to convert a Public LTD Company (PLC) to a Private LTD Company (LTD)?

The Companies Act 2006 enables companies to convert their legal status from a UK public limited company (PLC) to a UK private limited company (LTD) in one of three ways- Pa...

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Company Formation

Director service address and its significance

You will need to go through the company formation process and register your new company with the Companies House while setting up your limited company. Rules and regulations of ...

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General Blogs

Why do you need to register a company logo?

To gain the attention of your customers, your company has to be completely attractive. You have to assure that consumers will immediately recognize your products and be inclined...

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General Blogs

Five Profitable Small Business Ideas

Many people want to form their own business but might not have an idea to begin the type of business, which they want to start. If you are passionate about starting your own bus...

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Company Formation

Significance of hiring a Nominee Director for an Offshore Company

Some business owners want to keep their details confidential during the process of offshore company formation. Here comes the significance of hiring a nominee director. The faci...

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Bookkeeping

What to do if you can't pay your self-assessment tax bill?

All the business will run into the same problem at some point during its life - the deadline comes around to pay your self-assessment tax bill and you realise you do not have th...

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Company Formation

Significance of hiring an apprentice in a small business

While you are facing the prospect of paying off many years of student debt, work experience will help the university's students to gain practical knowledge while studying side b...

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General Blogs, Company Formation

Role of the Companies House

Companies House refers to the registry of the UK limited companies, which acts as an executive agency of the Department for Business, Energy and Industrial Strategy. Its main ob...

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Bookkeeping

Bookkeeping Services in the UK

Accounting and bookkeeping is the documentation of the financial transaction and it is part of the way toward bookkeeping in a business. Transactions incorporate buys, deals, re...

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General Blogs

What are the tax havens and offshore financial centres?

Tax Haven A tax haven or an offshore corporate tax haven is a nation that offers a foreign individual person and business organization little or next to zero tax liability in a...

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Bookkeeping

Requirements for LLP Filing and Reporting

Limited Liability Partnerships (LLPs) have a range of legal statutory filing and reporting requirements for Companies House and HMRC, many of which are the same as limited compa...

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Company Formation

How to issue more shares in a private limited company?

After forming a limited company, you can issue more shares. You may be willing to do this to increase additional capital, get a business partner or achieve other kinds of object...

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General Blogs

Crowdfunding a Cryptocurrency Exchange

Cryptocurrency exchanges have started to raise money under the SEC's crowdfunding rules. The US crowdfunding law states that the exchange of cryptocurrency helps to increase up ...

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General Blogs, Company Formation

Disqualification of director - meaning and its effect

A director who fails to fulfil his legal requirements, submit annual accounts, pay the company's tax may be disqualified from acting as a director of a company in the UK (as wel...

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Company Formation

Setting up a limited company with one person

A limited company in the UK may be registered with the Companies House by a single person. At least one director and one member must be identified, i.e. the shareholder or guara...

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Company Formation

5 leading countries to set up offshore companies

An offshore company is set up in an administration that has a particular regime for these sorts of structures. Countries that are outstanding as tax havens offer low or zero tax...

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Company Formation, Bank Account

Offshore company formation with a bank account

The companies which are incorporated in purviews offer an offshore company creation with a bank account that gives profit from tax regulations and other special offshore company...

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Company Formation

Does LLC have stock or shareholders?

Stock or shareholders cannot be found in a Limited Liability Company. LLC is known as an "unincorporated entity" in legal circles because it is a creature of contract, instead o...

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Company Formation

How to perform a company check?

Performing a company check on any UK company or LLP is extremely fast and simple. A business should register with Companies House to operate as a firm and file some documents ab...

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Bookkeeping

How to open a Swiss Bank Account for Non Residents?

Switzerland is renowned for its offshore banking industry and the large amounts of security the banks give their clients that makes it one of the safest banks. Here are a few ke...

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Bookkeeping

Puerto Rico: An ideal offshore banking

An offshore bank is guided under an international banking permit frequently called an offshore license, which as a rule disallows the bank from building up any business activiti...

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Company Formation

Appointing and removing a company director

After incorporation, a company director can be appointed at any time. Likewise, a director can be resigned or replaced by members, shareholders or guarantors at any time, provid...

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Bookkeeping

How are LLC Taxed?

When it comes to company formation, the LLC is a suitable choice. But you may have an important question: How are LLCs taxed? The taxes an LLC pays may vary, but there are some ...

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Company Formation

What are the reasons for closing a business? How to Properly Close Your Business?

Here are some reasons for closing a business: Poor Business Plan The reason for many business failures is a poor or inexistent business plan. An effective business plan descri...

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Company Formation

What's the Best State in the US to form a Company?

Things to consider while choosing a state to incorporate Most of the people choose Delaware to set up their LLC or corporation. Setting up a company in Delaware indicates that ...

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Company Formation

What is an offshore company?

An offshore business is one you are establishing or registering in another country outside of where its key investors reside. If you report it outside where its main operations ...

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Company Formation

Top 8 reasons to set up a Delaware LLC

1. Delaware LLCs provide the most protection for you and your business with two-way protection. Establishing a Delaware LLC can protect your assets by developing a shield. It i...

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Company Formation

4 things about a Delaware LLC

When you open a Delaware LLC, you should have some idea about the certificate of incorporation, the operating agreement, corporate tax choices, and how to manage the company aft...

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Company Formation

Benefits of an Offshore Company

Tax minimization and expanded protection and security are not the only advantages to be picked up by offshore company incorporation. Although effective tax reductions are the fi...

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Company Formation

Mauritius- A Tax Haven

Throughout the year, Mauritius has grown into an excellent tax haven and an offshore area. Mauritius has unusual offshore management, such as offshore banking and banking facili...

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Company Formation

What is a Delaware Principal Place of Business?

When you set up a company in Delaware, what will be your principal place of business? When should you consider your registered agent’s address as your office address? These are ...

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Company Formation, Bookkeeping

How to manage LLC capital contributions and distributions?

Members of an LLC are depending on capital contributions, i.e. the amount of capital or assets provided by one of the members to the business. The profit is basically distribute...

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Company Formation

What happens to the LLC membership interest after death?

The owners need to provide a plan for what happens if a member dies, in both single-member and multi-member LLCs.Should the LLC proceed or should it automatically cause cancella...

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Bank Account

How to open a bank account for a Delaware LLC?

In the USA, every bank has separate requirements so you must check with the bank before opening an account for your Delaware LLC. For a Delaware company, the requirement of a b...

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Company Formation

History of LLC

History of LLC Two hundred years back, if you were planning to invest in a shipping sailboat going across the ocean, the owners were personally responsible not only for the car...

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Company Formation

How to form a Delaware Corporation while launching a high-growth startup?

The beginning stage of every business is termed as "the startup phase", and this term is increasingly being reserved for a narrower category of high-growth ventures. In the digi...

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Company Formation

Who can be a company director?

A director is a person from a group of managers who lead or oversee a particular area of business. Companies who use this word also have several directors spread around various ...

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Company Formation

Everything About Company Formation

Company formation means when your business will get the status of a legal entity. It is essential because it is an obligation from the government and it also provides some kind ...

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Company Formation

What is a Memorandum of Association (MOA)?

A Memorandum of Association or MOA of a company is defined as a legal document that is drafted during the formation and registration process of a limited liability company to de...

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Company Formation

What is trademark registration?

Branding and trademarks are a synonym for a company's image. Registration of a trademark is a way to protect the brand or concept. As an example, nobody else can use the name of...

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Company Formation

What is EIN (Employer Identification Number)?

Every company that has employees is required to have an employer ID number (EIN), but you may need an EIN even if you do not have employees, to start your business. It is the So...

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General Blogs

Setting up a Start-up: Things you should follow

A Start-up is a young enterprise founded by one or more entrepreneurs to create and market a unique product or service. The traditional startup appears to be a shoestring projec...

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Company Formation

What is an LLC Registered Agent?

In any state in which they do business, a business owner should not be physically present. Therefore, in order to provide any substantial legal or tax documentation that may be ...

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Bank Account

What is AML (Anti-money laundering)?

What is anti-money laundering? Anti-money laundering concerns a variety of rules, regulations, and policies to prevent criminals from disguising illegally acquired funds as leg...

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Company Formation

Choosing the right company name

At the time of forming a new business, you may want to trade under a business name that you have in mind. You may choose to trade under your name if you are a sole trader, and i...

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Company Formation

What is the company registration number?

A company registration number in the UK is a unique number given by Companies House when a limited liability company (LLP) is created. This is a combination of 8 alpha-numeric d...

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Company Formation

UK company setup as a non-UK resident

To register in the UK you must have a valid UK address. Also, partnerships, LLPs, unincorporated bodies, and government agencies are unable to register in the UK as a limited fi...

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Company Formation

Choosing a company name for Companies House registration

The company should be carefully selected as it has many entanglements. It should be dynamic enough that people can commit to memory and yet realistic enough to support SEO marke...

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Company Formation

Can you change the company name from companies house?

After incorporation, you can change the name of your company at any time. This can be done either by having the members pass a special resolution or by the director resolving to...

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Company Formation

What is a CIC company?

The CIC is a common choice of legal structure in the industry and the number on the public register is steadily growing. This blog post introduces some of the main attributes of...

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Company Formation

Advantages of virtual office address UK

A virtual office address is an address that gives you an address for your company even if you do not have any physical office space. You can work remotely from any part of the w...

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Company Formation

Statutory accounts for Limited companies and charities UK

Statutory accounts otherwise called annual records are a lot of financial reports arranged toward the end of each budgetary year. In the UK, all private organizations and compan...

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Company Formation, Bank Account

Offshore/Overseas Company Setup Online with Bank Account

An offshore company with a bank account can help you to gain profit from tax regulation. Low or 0 tax offshore companies incorporated in jurisdictions, usually characterized as ...

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Company Formation

Limited Company (Ltd)

Ltd. is an abbreviation for Limited, a type of incorporation accessible in nations like that of the UK. The term shows up as a suffix that pursues the company name, demonstratin...

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Company Formation

Registration of a Limited by guarantee (LBG) company online

Limited by guarantee companies and limited by share companies are established in the same way. In just 3 working hours, you can use the services of an online company training ag...

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Company Formation

What is a Limited by Guarantee(LBG) Company?

Companies limited by guarantees is an alternative type of business structure that is used by non-profit organizations. They don't have to share capital and shareholders. Rather,...

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Company Formation

Top 5 reasons to set up an offshore company

In recent years, offshore companies and tax haven entities have been in the limelight. Many individuals, however, are still unaware of the need to set up an offshore company. Bu...

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Bookkeeping

Bank account setup in the UK?

In the past, it was very difficult to open a bank account if you were new to the UK. Fortunately, it has become much simpler these days. What documentation do I need? Docume...

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Company Formation

How to restore a company that has been closed?

A dissolved business has been disbanded and removed from the company's house registry. The business ceases to exist when this happens and is no longer able to trade. Nevertheles...

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Bookkeeping

What is an Overseas bank account?

Overseas banking or Offshore banking is much like regular banking, but the fundamental difference is that you can build and operate this kind of account from all over the world....

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Bank Account

Benefits of an Offshore Bank Account

An offshore bank account is simply a bank account that you have outside your country away from the grasp of your country's government and given below are the reasons why you mus...

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Company Formation

Steps of offshore/overseas company formation

Offshore/Overseas company formation is one of the most trending topics among business people for several years. Although there have been certain changes in offshore company regu...

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Company Formation

Formation of Limited Liability Partnership(LLP) in the UK

The UK LLP is administered by the Limited Liability Act 2000. Like how in different countries, partnerships are treated. This act serves for an individual member to be liable to...

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Company Formation

What is a Limited Liability Partnership (LLP)?

A partnership in which a few or all partners (Depending on the jurisdiction) have limited liabilities is called a Limited Liability Partnership (LLP). It, therefore, can show co...

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Company Formation

How to change your business service address?

As you go through the company forms process to register your company as a limited company, you will be asked to provide Companies House with a business service address to be lis...

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Company Formation

Affordable Offshore/Overseas Company Formation

Hello, there! If you are looking for a low-cost offshore service, here is the solution for your requirement. Many companies and individuals find the tax and revenue advantages ...

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Company Formation

Advantages of Virtual Business address in the UK

A Virtual Office address gives an address to your company without physical office space. You can work remotely from any part of the world virtually while your business keeps up ...

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