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The United Kingdom is the best place for owning a business. There are several reasons why the UK has become the center of attention to business owners. And, for that, citizens of different countries invest in UK-based offshore companies. Since the last decade, offshore company formation in UK for non-residents has gained optimum importance. And, this changed the dynamics of doing business for many people.
In the UK, the companies get the maximum flexibility in the trade laws. And, different policies protect the owners to a great extend. So, offshore company formation in UK for non-residents is a way of slowly reaching your organizational goals.
All the companies in the UK are regulated by the UK Companies Act 1985. And, according to the act, there are two types of companies that you can form in the UK – companies that are limited by shares and companies that are limited by guarantee.
Now, both the companies suit different purposes. So, as you open your company in the UK, you must have both options. With Activate Global Limited, you can get any type of company. So, get in touch with us for offshore company formation in UK for non-residents.
There are basically 4 options to choose from if you want to open a company in the UK. These are LTD, LBG, CIC, and LLP. Now, among these, LLP or Limited Liability Partnership company is a popular corporate business form. This particular structure offers the benefits of limited liability with the advantage of the flexibility of a partnership.
CIC stands for Community Interest Company and these have a social objective. The company’s profit has to be utilized for some common good. And, LBG or Limited By Guarantee company is another alternative structure for a non-profit organization.
Lastly, there is LTD or a limited company. A limited company is the most popular structure for doing business and earning a profit in the UK. Most visionary entrepreneurs go for LTD because of the offers it facilitates.
First of all, an LTD company is limited by shares. And, each shareholder gets the percentage of profit depending on their primary contribution during the company formation. And, the taxation is only based on the amount of profit the LTD company made by doing trade in the UK.
Therefore, if you are going for offshore company formation in UK for non-residents, keep LTD as your first preference.
Having a company in the UK can do miracles for your business. The scope of growth is seamless. And, the laws are always in for business owners. Besides, the UK offers the opportunity of opening an offshore company for everyone.
So, if you do not live in the UK or have never been to the UK, that will not be an issue for company formation. With the right agency at your service, you can open the company and operate it remotely.
The offshore company formation in UK for non-residents requires some legal procedure. And the most important one among them is registering your company with the Companies House.
Accordingly, the UK has two governing bodies that oversee the operations and functions of each and every company – the Companies House and the HMRC.
After preparing all the above documents, you need to file your application for registration. Now, you must remember that the entire procedure is complicated and time-consuming. This is something you cannot do alone.
So, you will need an agency for offshore company formation in UK for non-residents. For this, you have Activate Global Limited to back you up. Give us a call for any query or help.
Creating and registering a company in the UK is nothing exclusive to the UK residents only. Any person can do that. However, the UK has strict laws and the verification process is the key for company formation.
Therefore, you will have to provide some documents in order to get your company registered. Now, some of these documents are needed for identity verification while some are for company details.
The following documents are needed for the identity verification procedure. You have to submit –
At the time of the registration of your company, you need to provide some information. These include –
Now, apart from the personal information we have listed above, there are some other details that you have to provide regarding your company. These are also necessary for registration –
Now, if you are thinking about the Article of Association or shareholder(s) list, we can help you prepare those. So, in case of any doubt, contact us.
VAT or Value Added Tax is an essential part of every organization. Depending on your company structure, how much profit you make, and how your company operates, there is a certain amount of tax you must pay to the UK government.
The standard VAT rate is 20% in the United Kingdom. However, it is 5% in some special cases. Also, the VAT is only payable if your company’s annual turnover is more than £85,000. Or else, you do not have to pay any VAT.
Lastly, the UK has a lenient policy of taxation. A company has to only pay VAT on the profit that it earned from the UK. So, if your company does business in different countries, you will have to pay tax based on the profit you made by trading in the UK.
The UK offers numerous benefits to the company owners. These are just endless and something that you cannot get from your homeland. Take a look at the benefits of offshore company formation in UK for non-residents.
First of all, with a company in the UK, you will be able to facilitate global trade. A UK-registered company is a key to entering the global market scenario for anyone.
Also, the UK offers some tax exemptions. This will allow you to save a great deal on your annual profit. And thus, you will reach your organizational goals faster.
Additionally, having a company in the UK will allow you to own a business bank account in the UK as well. UK banks have great service. And, that is no secret. Over the decades, entrepreneurs try to reap the benefits of UK banks and your offshore company will help you with that.
Furthermore, with a UK-registered company, you will be able to cater your products or services to a greater audience. And, with a customer base with more purchasing power, you will be able to earn more profit.
Also, UK companies come with far better privacy protection. As the companies in the UK exist as separate legal entities, the personal information of the owners always remains confidential.
Lastly, UK companies are all guided by a strict asset protection law. Therefore, in rough times, each shareholders’ personal asset remains unharmed.
Along with the above benefits, you get the ease of operating a company remotely as well. This can save the cost of a storefront and cut down the payments of many middlemen. So, go for an offshore company formation in UK for non-residents.
With all the above information, there is one last thing that you need to know. How to do the offshore company formation in UK for non-residents. And, the answer to that is through Activate Global Limited.
In order to open a company in the UK, you will need an agent who will do the work on your behalf. And, one of the best and most trustworthy agencies is Activate Global Limited. So, get in touch with us to open your company in the UK.
You can contact us using a phone call. Or you can use the inquiry form on the website and we will revert back to you via email. Last but not the least, you can contact us using the live chat window. We do not charge for consultancy. So, get in touch with us today for offshore company formation in UK for non-residents.