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 in compiling the documents needed to form a limited company. And they will help you to avoid some of the biggest errors associated with forming a limited business.
This guide will show the process of forming a private limited company by non-UK residents.
Can a non-UK resident form a UK company?
For non-UK residents, the process is much the same as for locals. Your business must also be registered with the appropriate authorities. Your business will be formed within 24 hours, with the help of the right company formation agent.
What do you need to get started?
You can register your company within the jurisdiction of England and Wales, Scotland, or Northern Ireland.
You will need at least one director and one shareholder to establish a company. Both can be the same person. There is no restriction on the number of shareholders and directors. When establishing the company, you will be asked to allocate a certain number of shares to each person.
You will need an already existing registered office address. It can either be a residential address or a business address and can be changed at any time after the company is formed.
Open your company today
An advantage of opening a business in the UK is that you are able to open the business using an online portal. A training agent can help you to do this because there are some complicated terms that need to be addressed. They can submit your application on your behalf.
In most cases, you'll receive your company within 24 hours. You will have everything you need to start doing business in the UK once you have been approved, and crucially you will be able to open a bank account.