Effortless UK Company Formation for Global Entrepreneurs

To register a UK Limited Company, you need at least one director (who must be at least 16 years old), a registered office address in the UK, at least one shareholder, and a unique company name that complies with naming rules. You’ll also need to prepare a Memorandum of Association and Articles of Association. 

If you want to get rid of this complex process and want to enjoy an easy formation get started with Rocket Wave.

Yes, non-UK residents can register a UK Limited Company. You just need to provide a few personal and business details. Also, you need to submit a government-issued ID (NID or Passport) for the verification.

As a UK resident, you can open a physical business bank account using your UK LTD company details.

For non-UK residents, physical bank accounts may be more challenging. Many UK banks require in-person identification. In that case, you can open a business bank account with Tide to operate your global business smoothly.

Non-residents running a UK Limited Company may be subject to UK corporation tax on profits earned within the UK. However, tax treaties may apply, which could reduce double taxation. Please consult with our expert team for detailed information. 

Our Comprehensive Compliance Package offers seamless support for your UK company’s annual tax filing and submission requirements. This package includes:

• Annual Confirmation Statement (CS01) *
• Corporation Tax Return (CT600) *
• Registered Business Address Renewal

For only $349, this package covers the filing and submission of your company’s annual tax returns, provided your turnover is up to £20,000 per year. If your annual turnover exceeds £20,000, additional fees may apply based on the complexity of your filing requirements.

To maintain compliance for your UK company, you need to manage two types of addresses:

1. Company Service Address and
2. Director Service Address

Our Registered Business Address Package covers both address renewals for just $159. For enhanced privacy, convenience, and document accessibility, we recommend upgrading to a virtual address.

Yes, a virtual address provider typically offers mail handling services, including forwarding documents to your preferred location or making them accessible online through your dashboard. A virtual address offers additional benefits, such as:

• Parcel Handling: Receive and forward packages to your location.
• Business Profile Verification: Use for GMB listing and verification or Amazon profile verification purposes.
• Receiving PayPal Card: Have your PayPal business card mailed directly to you.
• Tenancy Agreements: Receive any UK tenancy agreements safely in your country.

The corporate tax rate for UK companies is 19% on annual profits.

For example: If your UK company has a profit of £1,000 after deducting all expenses (such as staff salaries, director salary, office rent, digital tools, and tax filing costs), you would pay £190 in corporate tax, which is 19% of the £1,000 profit.

You don’t have to pay tax If your company can’t make any profit in a year, 

Failing to renew your UK Limited Company or submit annual tax returns can result in severe consequences, including:

• Both the company and its directors may be flagged by Companies House and HM Revenue & Customs (HMRC), which could impact future business opportunities and personal standing within the UK and EU market.
• Penalties will begin to accrue until the tax return is filed.
• All bank accounts and payment solutions associated with the company (such as PayPal, Wise, and Stripe) may be suspended or permanently closed.
• The UK tax authorities may attempt to recover any penalties or unpaid taxes directly from the company’s bank balance or associated payment solutions.
• Non-compliance may lead to the closure or rejection of personal EUR accounts.
• Visa applications within the European Union may be affected.