The UK remains a hub for trade and commerce around the world. If you are looking to set up a business in England and Wales from overseas, it is important to choose the right structure to suit your operations and the relationship with any offshore owner.
This guide will help you:
In England and Wales, there are a number of ways in which people can choose to run their business. The most common include:
When first setting up a company, basic questions you will need to address are:
The guide covers the steps which need to be taken in relation to company name, registered office, secretary, shareholders and directors.
Once the proposed arrangements for the company have been agreed, an application to Companies House will need to be completed to incorporate and register the company. Companies House will then issue a certificate of incorporation with a registration number which will act as proof that the company has been created and registered.
Following registration, the company will have ongoing responsibilities to submit reports to Companies House and maintain statutory registers. The full guide outlines the registers and records (statutory books) the company is also required to maintain throughout its lifetime.
Some overseas companies choose not to set up a subsidiary, to avoid the ongoing administrative costs of managing separate companies (for example), and decide to operate their business in England & Wales through the overseas company itself. Particulars of the company establishing the branch will still need to be registered under The Overseas Companies Regulations 2009 (SI 2009/1801).
An overseas company with an England and Wales establishment must register a number of details at Companies House within 1 month of opening. For more detail, please download our guide.
As well as the structure of the company, you will also need to consider the following questions when first starting a business:
At VWV, we have a long track record of advising overseas clients on setting up and organising their businesses and commercial assets in the UK, across a wide range of sectors.
A key part of our role is helping you hit the ground running when starting your business in the UK and to assist you in overcoming the legal and regulatory hurdles you may face.
We will work closely with you and your advisers in other countries to help deliver your objectives.