Forming A Compaeny In UK

Author: Cedric Davion

Forming A Company In UK

The United Kingdom economy is the third largest in Europe and seventh largest in the world when measured by nominal Gross Domestic Product. It has one of the most globalized economies in the world.
UK has rich and diverse developed industries ranging from fashion to finance, from pharmaceuticals to manufacturing, from engineering to education. No matter which sector you decide to enter, the United Kingdom is an attractive location with innovators, channel partners and customers easily accessible.
Once you have decided to enter the UK market with a new company, you need to follow a series of formalities for a UK Company Formation. Independent professional advice on formation of a company in the UK can also be obtained from Government websites, accountants, solicitors and company formation agents.
Most of the foreign businesses in the UK are established as a company limited by shares. Most foreign companies set up a private limited company that is a subsidiary of the overseas company. In a private company limited by shares ("Ltd"), the liability of the members is limited to the amount unpaid on shares they hold.

A UK Company formation and registration is straightforward. For UK Company registration, there are no separate rules for foreign nationals. To register a UK Limited Company, certain mandatory documents such as the "Memorandum of Association" and "Articles of Association", must be filed with Company registry.

All limited companies in the UK are registered with the Registrar of Companies at Companies House,Most foreign companies set up a private limited company that is a subsidiary of the overseas company. In a private company limited by shares ("Ltd"), the liability of the members is limited to the amount unpaid on shares they hold. an Executive Agency of the Department for Business, Innovation and Skills (BIS).

The documentation can be prepared and the company can be registered in a day, if only the standard Memorandum of Association and Articles of Association are implemented.
While the UK Company Register formalities are going on, you need to choose a name for the business. There are set of instructions that need to be kept in mind while deciding a name for a UK company registration.

For example, a company name cannot be selected if it is the same name as an existing registered company or if the name contains certain words that are regarded as sensitive. Before applying to set up a company, or doing anything to change its existing name, it is highly recommended that a search of the company name index be carried.

Posted in: Business Opportunities