Having a globalized economy around the world, most Indian entrepreneurs and businessmen are looking to expand their businesses in different parts of the country. The business-friendly environment and strong legal framework offer multiple opportunities for Indians.
But how do you register for a foreign company in the UK? Check out this article till the end to learn about the step-by-step guide on how to establish a company in the UK, its advantages and the required legal terms and conditions. “Register your Business”- a unique tech driven business registration platform, makes your life easy going forward.
Key Takeaways
● Advantages of registering for a company in the UK.
● What are the different business structures in the UK?
● Brief guide to register your business in the UK.
Why register a company in the UK?
The UK has been one of the most attractive countries for Indians to open their businesses in foreign. But do you know why? Here are some reasons why the UK is so popular among Indian entrepreneurs.
● Access to Global Markets
The United Kingdom also serves as an opening for the European market. Additionally, the UK also has a well-developed trade network with various countries around the world.
● Foreign Direct Investments
The UK receives a large amount of foreign direct investments. It is all due to the liberal policies of the country. Recorded in 2020, the UK attracted around £1.6 billion in FDI, only from India itself. Hus, public limited company registration in the UK has become much more hassle-free.
Types of Business Structures in the UK
You must decide on the most suitable business structure when opening your business in the UK. There are several business options available in the UK. They are as follows.
● Private Limited Company
This is the best and the most common structure for small entrepreneurs. In this business structure, the shareholders have limited liability.
● Public Limited Company
Larger companies looking to raise their business capital through share markets choose this structure. There must be two company directors with a minimum of
£50,000 capital share.
● Limited Liability Partnership
This structure is suitable for businesses with multiple partners. It offers limited liability protection along with added flexibility.
Step-by-Step Guide for Registering a Company in the UK from India
Here is how you can register your business hassle-free in the UK from India.
1. Select a Business Name
Firstly, you will have to choose a unique and appropriate business name. Make sure that you check the UK name compliance and regulations while selecting the name.You can checkthe Companies House website while selecting your business name.
2. Register with Companies House
All the registered businesses in the UK are registered with Companies House. It is the government’s decision which is responsible for company registration. This is an online process where you must provide details on the company’s name, address and business structure. The registration fee is around 12 Pounds. It takes around 24 hours to complete this process.
3. Appointing Directors and Shareholders
You must have at least one director for the company. There should be at least one shareholder. Being a foreign entrepreneur, you can be both a shareholder and a director.
Reach Out to us through our WhatsApp Support.
We have a robust support team available. You can contact us (Register your Business) on WhatsApp with your UK business registration queries. If you are wondering where I can find my company registration number in the UK, our WhatsApp support team can help you out.
Conclusion
There are several advantages of registering a business in the UK from India. It has a robust legal framework, access to the global markets, and a favorable business environment. All you must do is follow the step-by-step registration guide and establish your business in the country. We have listed brief guidelines on the ROB platform. Simply follow them and open your business in the UK. You can also reach out to us if you wish to Register a Company in Singapore from India.
FAQ
● Can a non-UK citizen register a company in the UK?
The UK has simplified business registration procedures. Thus, even if you are a non-resident of the UK, you can open your business in the country.
● What are the benefits of opening a business in the UK?
UK business registration offers multiple advantages, including tax benefits, LLP, professional image, better business financing, global accessibility and many more.
● How many days does it take to open a business in the UK?
It takes no more than 24 hours to register a business in the UK from India.
