Many French entrepreneurs are thinking of setting-up a company in the UK but too often associate this with something expensive and complex.
This idea is mainly based on the fact that in lot of countries the process of setting up a business is long and complicated.
But is it also difficult to set up a business in the UK?
Absolutely not, on the contrary!
Opening a business in the UK is much simpler than in the other countries because the procedures are simplified and faster.
Then, what are the steps to follow in setting up a company? How long will it take and what are the advantages?
To create a company in the United Kingdom has many advantages in particular on the tax point of view:
The choice of the type of business will depend on your project:
Depending on your project, you will have to choose which type of business would be most suitable.
You will need to choose a name that meets the standards so that it can be validated by the registry.
These are the documents that enable the company to be formally incorporated.
The Memorandum is a document including a series of standard articles by which the shareholders confirm their willingness to create the company.
The Articles of Association represent the set of rules and regulations of the company, defining how the company will be run in the interest of the shareholders.
A registration number will be provided to you once the company has been created.
UK legislation requires companies to establish and maintain the following registers:
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