Entity Formation & Setup in United Kingdom

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Company Formation in the UK

NNRoad offers easy and affordable company formation solutions in the United Kingdom through its local experience and connection network with local authorities. These solutions help foreign firms navigate the complicated incorporation process and obtain the necessary documentation.

Below you can know more about the kind of companies that you can open in the UK:

  • Limited Liability Company (LLC) - A Public Limited Company (PLC) has the ability to raise capital faster than a private limited company. Having its shares listed on the London Stock Exchange can hook larger investments from mutual and hedge funds, as well as institutional traders. The risks of ownership could be spread amongst a number of shareholders by offering shares to the public. If any early investor could sell some of their own shares for a profit to the later shareholders while still maintaining a large stake in the company.
  • Private Limited Company by Shares (Ltd) - A Private Limited Company by Shares (Ltd)is a legal entity, limited by shares, and this type of UK Company cannot be publicly traded. Besides that, the company’s finances are separate from its owner’s finances. A Private Limited Company is the most preferred company in the United Kingdom. That type of company can be formed online, directly through Companies House, or through third parties as lawyers or accountants. Private Limited company formation could be achieved easily and in a short period of time.

Most Common Types of Entities in the United Kingdom for Foreign Companies

Public Limited Company (PLC) Private Limited Company by Shares (Ltd)
Best for Big companies SMEs
Shareholders Min 1 - Max unlimited Min 1 - Max unlimited
Share Capital USD 63,000 No minimum capital required
Legal Entity Separate legal entity Separate legal entity
Issuance of Shares Freely stocks trade Freely stocks trade (restrictions)
Liability Limited to the value of unpaid shares of each Limited to the number of unpaid shares (if any)
Administration 2 directors minimum and a company secretary Board of directors
 

NNRoad's Company Formation Solution Includes:

  • Confirmation of the selection of a business entity type.
  • Advise with initial capital amount and shareholding, if applicable.
  • Assistance with the selection of the entity name.
  • Assistance 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 packages.
  • Assistance with the drafting of local articles of incorporation and by-laws, if applicable.
  • Assistance with maintaining the records of board meetings and minutes, if required.
 

Company formation in the UK can be complicated because of the different laws that regulate this process. Our expert team will help you to know more about the regulations of the country and the fastest and cost-effective way to start your business in the country.