Company name registration in UK
The UK attracts investors and entrepreneurs with its liberal legislation and stable economy. English law and the judicial system are known throughout the world. Registering a business name in the UK is an excellent opportunity to enter the international market.
Relatively low taxes with proper structure and bookkeeping, ease of management of the company, account in a reliable bank, and ease of dealing with foreign counterparties – all this is very tempting.
What is business name registration?
If you want to register a company name in the UK, you first ought to register your company name with Companies House. An officially verified firm title is a declaration that you are conducting business legally. To be registered in the commercial register, a business owner needs to collect a package of documents, register VAT payer status, and pay the necessary state duties.
This requires knowledge of the nuances of British law. Therefore, it is better to use qualified legal assistance and entrust the registration to lawyers.
Why should you choose fintecharbor.com for company name registration in UK?
The company’s specialists have extensive experience in registering a trading name in the UK and many other jurisdictions. We understand the whole process – from collecting documents and confirming the origin of funds, to complex KYC procedures and banking compliance in accordance with the latest requirements of British and international law.
Services are rendered in the shortest possible time, we save the business owner from red tape. Ultimately, you will receive a package of documents by mail, or you can pick them up at our office. You can entrust us with the registration process to focus on your business development strategy.
Process of company name registration in UK
The process of company name registration in the UK consists of the following steps:
Any legal type of business can be registered in the UK. If you plan to engage in banking, trust, insurance, and reinsurance activities, you will need to obtain additional licenses. Please note that Substance requires a registered office in England. Also, for companies, the authorized capital of at least £100 is required, but no payment of the authorized capital is required.
We applied for a business name registration in the UK. The lawyers advised us in detail on all the details and began the process. Everything went very smoothly with minimal involvement from our side.
Our company decided to enter the UK market and register a trademark. Fintecharbor lawyers approached our case very responsibly. We received notifications about every step, and they were always in touch, even on weekends.
I really liked the approach of the corporate team. They are always ready to answer questions, know all the intricacies of the legislation and inform the client about every step. The registration process for a new company went very quickly. Within a few weeks, we received a complete package of documents in our hands and could begin to conduct activities.
There are 4 types of business name registration in the UK – Limited Liability Company (LTD), Public limited company (PLC), Limited Liability Partnership (LLP), and Scottish Limited Partnership (SLP).
To register my business name in the UK, you need to make sure you pick a unique name that no one else is using. Also, the name should reflect the essence of the business. Your best bet is to select a few options and check through if there are already businesses with that name.
The service of trading name registration in the UK cost includes in company registration cost of the UK company.
It usually takes 1-2 working days to register your business name in the UK. This is typically preceded by the preparation and collection of documents, that may take some time. The entire procedure can be carried out remotely, so the business owner does not need to personally travel to the UK and submit papers.
To register your company name in the UK, you must provide the passport of the founder of the company and proof of his residence. If the company has more than one founder, passports must be provided for all individuals who will have significant control over the company. For legal entities, you must provide all corporate documents.