UK Company Formation

Opening a company in the UK

Why start a company in England? What are the advantages in England?
England is a country with a very strong economy and a stable government. A company in England is a convenient solution for many entrepreneurs.

The local currency is the British pound (GBP), and living in the country is comfortable and advanced.

The maintenance costs of the company are cheap and the local market obviously speaks English as a native language, unlike other places.

The process of opening a company in England
Opening a company in England begins with a photocopy of a passport, and choosing three optional names for the company in descending order of priority.

In England there is no need for a local director or local shareholder. In England you also do not need any European citizenship to open a company. You can open an English company even if you are an foreign citizen.

This means that it is possible to open the company with 100% shareholding in the name of an foreign citizen - in your name, or even in the name of a foreign company. The director can be foreign and there is no need for a local director.

Unlike many other European countries, opening a company does not require opening a bank account as part of the process.

After completing various bureaucratic steps in England, which of course we do all of them, the company is opened and a certificate of incorporation is issued, like this:

Opening a bank account in England - current account for the company
After opening the company, it is time to open a current bank account in England for the company.

More or less starting in 2018, those who want to open a bank account are required to come to the country.

However, there is an alternative, and that is opening an internet bank account. Indeed, similar to our "Zero One" bank, there are Internet banks in Europe that would be happy to accept your company in England as a customer.

VAT registration
After opening the company in England, and after opening a bank account for the new company, we can also register the new company for VAT. The company will receive a VAT number and you can start trading.

Company maintenance
The company requires annual maintenance of payment of fees, submission of an annual report, a local address (which we will provide for you), as well as periodic submissions to the tax authority.

However, all running costs of the company in England are very low.

Taxation in England
The corporate tax in England has been at 25%.

The VAT in England is differential, meaning there is a different VAT on different products, from 5% to 20%.

Questions and answers
Question: Is it necessary to physically fly to England to open a company in England?
Answer: The entire process is carried out remotely and at no stage is it necessary to physically come to England. There is no need to fly to England to open the company. However, if you want a bank account in England, you need to fly physically to open the account, unless you open an internet bank account.

Question: Who provides the local address for the company in New England?
Answer: We will provide the local address.

Question: How can I find a good accountant to handle our New England company?
Answer: We will connect you with a local accountant.

Question: If I want to come to England to open a bank account, what should I do?
Answer: We will try ahead of time to arrange a meeting for you at the branch in order to sign the account opening forms, so that everything will be in order before you arrive, so that you don't just walk around the city in order to find a branch that will accept you and open a bank account for a company in your new England.

Question: What type of company in England should I open?
Answer: The only type of limited company in England is a Limited Company. Therefore, there are really no options to be confused about.

Question: Do you need a European passport to open a company in England?
Answer: There is no need for a European passport. We can open a company in England for any foreign citizen as long as he has a valid passport.

Question: How long does it take to open a company in England?
Answer: The company opening process can be completed within 24 hours! After that, the process of opening a bank account can take between 1-3 weeks, depending on the readiness of the banks to accept the new company as a customer. Of course, these are times that depend on third parties, so this is only an estimate.

Question: Is it possible to open a company in England for a person with American citizenship or a person living in the USA?
Answer: Yes. We know how to open a company in England for a person with American citizenship or a person living in the USA.

Question: How much does it cost to open a company in England?
Answer: Click here to contact us and get an up-to-date quote for free!