Company formation has become transparent and business-friendly nowadays in the UK or we can say the process of establishing an entity in the UK has been simplified as compared to other European countries. NNRoad will make the process of company formation easy and straightforward in complying to the UK laws and regulations, by providing these services:
Confirm the selection of a business entity type.
Advise with initial capital amount and shareholding, if applicable.
Assist with the selection of entity name.
Assist with the identification of key persons in the entity (i.e. directors/resident directors), if required.
Consult with the type of business banking facility, which would depend on the directors’ residence and if they were able to come to the UK for money laundering checks.
Support UK nominal director, if needed.
Prepare and file entity registration with the registered office.
Provide business insurance and employee benefits package.
Assist with the drafting of local articles of incorporation and by-laws, if applicable.
Assist with maintaining the records of board meetings and minutes, if required.
PEO Service in the United Kingdom
Hire Your Employees in the UK
Hiring employees in the United Kingdom (UK) is a straightforward process even if you do not have a legal entity in the UK. Using PEO/EOR service in locations where you do not have a legal presence allow you to expand your business quickly and efficiently. NNRoad’s International PEO/EOR solution in the UK is fully compliant with local laws, easy to deploy, highly affordable, and easily scaled.
NNRoad hires your employee on your behalf and assigns them to work full-time for your company. Our solution helps to outsource the hiring and other HR administration services by providing comprehensive benefits to your employees in the UK while you directly manage your employee(s).
NNRoad's Employment Outsourcing in the UK Includes:
Acting as Employer of Record for your leased employee(s).
Hiring and termination of employees including local labor contracts (contract administration: checking right to work legally in the UK, engagement, extension termination, and conversion to permanent hire, confidentiality agreement).
On-boarding and off-boarding employees following local laws and regulations.
Complete payroll solution and statutory benefit administration.
Employee management: employee record retaining, timekeeping, bonus and allowance management, expenses and claims, and leave employee database management according to local laws.
Mandatory social insurance (National Insurance Contribution “NIC”) and apprenticeship levy compliance according to local laws.
Advisory of Social and Labor Insurance Acts updates and compensation & benefits structure.
Local individual income tax reporting, if needed.
Learn more about the requirements of hiring employees in the UK here.
Payroll Outsourcing Services in the UK
Full Payroll & Benefits Administration for Company
NNRoad can support your company with full payroll administration in accordance with local UK laws. Calculating payroll and taxation in foreign jurisdiction becomes one of the challenging tasks when you expand globally and hire employees. Every country has its own tax reporting structures, its own payroll platforms, and practices. Therefore, NNRoadcustomizes our payroll solutions to each company and country. We work in full compliance with local laws and practicesand design a payroll package specifically based on your needs and requirements.
NNRoad’s Payroll and Benefits Services in the United Kingdom Includes:
Registering the necessary company and personnel information for payroll calculation in the payroll software and system.
Calculation of gross salary, salary deductions (e.g. NIC, unpaid leaves, etc.), and net salary based on information provided by the Company including irregular payments such as incentive/bonus, commission, allowance, severance, retirement payment, etc.
Pro-rata calculation for people who join/resign.
Payroll disbursement - Issuing payment notice to the Company for payroll distribution to employees and employee’s expense claim.
The calculation, monthly reporting, payments and penalties (FPS and EPS), payment of taxes and national insurance to meet HMRC deadlines.
Year-End Adjustment and Annual Declaration.
Tax and Accounting have progressively become complex with today’s business in the UK. Everyone demands more and more transparency in tax and accounting with productive results. NNRoad’s service type and scope may differ depending on your actual business needs. Our full dedicated accountants and tax experts provide high-quality services as per your needs in compliance with UK laws and regulations. NNRoad follows the accounting standards to help saving tax and to enhance financial wealth.
Preparation of monthly and year-end Financial Report.
Corporation Tax (“CT”) return preparation and filing.
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