Title: Registering a UK Company as a Foreign Resident in 2024
111/19/24, 522 PM
Registering a UK Company as a Foreign Resident in
2024
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Registering a UK Company as a foreigner Home
Registering a UK Company as a foreigner
- UK Investor, Innovator, Business visas
- 8 min Read
- Registering a UK Company as a Foreigner A
Comprehensive Guide for Entrepreneurs and
Business Owners in 2024 - UK Business Visa Consultant in India
- Mumbai, Delhi Bangalore
Introduction Registering a UK Company
Table of Content
1. Introduction Registering a UK Company
Thinking of expanding your business to the UK as a
foreigner?
2. Why UK Self- Sponsorship is a Game-Changer
for
Its easier than you might think, and you dont
even
need to be a UK resident. You can register a UK
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Registering a UK Company as a Foreign Resident in
2024
Entrepreneurs and business owners
company as a foreign resident with the Companies
House.
3. Bene ts of the UK Skilled worker visa (UK
Self-Sponsorship) Visa Route
Moreover, once you have started the business in UK
and are employing staff in the UK then you can
even
enter the UK on as a Skilled worker in a business
that
4. So, What Do You Need to Qualify For a UK
Business?
you own 100 shares (some also refer to this as UK
Self-Sponsorship Visa).
5. Registering a UK Company from India Whats
the Process?
This visa allows you to live and work in the UK by
setting up and managing your own business.
6. Starting Fresh? Heres Your Step-by- Step
Guide to Setting up a whole new venture in the
UK
Heres a detailed guide to help you understand how
you can get started.
Why UK Self-Sponsorship is a Game-Changer for
Entrepreneurs and business owners
7. Documents Youll Need to register a UK
company
8. Breaking Down the UK Company Registration
Process
So, whats the big deal about this UK Self-
Sponsorship Visa?
Well, unlike the earlier sole representative visa
which
9. Typical costs to set up a UK company and run
a business in the UK
did not permit majority shareholders to enter the
UK
as representatives of the business, if you are a
majority business owner or even a sole proprietor
10. Why Choose the UK for Your Business?
you can now enter the UK as Skilled worker and
work on the business that you have set up. 11.
Need Help for
Registering a UK
Unlike the UK innovator founder visa, you do not
need to rely on endorsement from endorsing body
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Registering a UK Company as a Foreign Resident in
2024
and no checkpoints to see how your business
is doing either. Bene ts of the UK Skilled
worker visa (UK Self-Sponsorship) Visa
Route Permanent Residency After ve years of
successfully running your business, you could
settle in the UK and be eligible for
naturalization. Big bonus if youre planning to
stay long-term! Familys Welcome Got a spouse or
kids? They can come with you and live in the UK
too. Do What You Want Not speci c to a single
sector for business, you can set up a business in
any eld whether its a retail store, a tech
startup, or a consultancywhatever oats your
boat! No Major Investment Requirement Unlike
other visas that ask for a huge nancial
commitment, this one doesnt. Plus, theres no
mandatory job creation aspect for
settlement. More Stability With this route, you
have less to worry about in terms of visa
cancellations. So, What Do You Need to Qualify
For a UK Business?
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Registering a UK Company as a Foreign Resident in
2024
Its not a free passyou do need to meet a
few criteria Business Intent You must have a
solid plan to start or acquire a business in the
UK. Genuine vacancy There must be a genuine role
for the applicant in the business Funds The
business must have adequate funds to pay
salaries to the migrants. English Pro ciency You
need to prove your English is up to the
markCEFR B1 level, to be speci c. Experience
You should be able to show that you have the
relevant skills and experience to make your
business work. Registering a UK Company from
India Whats the Process? You can retain the
services of professional rms like The
SmartMove2UK to register a company in the UK or
you can visit the Companies House website and
start the process yourself. Starting Fresh?
Heres Your Step-by- Step Guide to Setting up a
whole new venture in the UK If youre not just
expanding but setting up a whole new venture in
the UK, heres what you need to
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Registering a UK Company as a Foreign Resident in
2024
know Pick a Business Structure This is your
rst big decision. Limited Company is the best
it offers your personal nancial protection, as
your personal and business assets stay
separate. Name Your Business This might take a
while if your dream name is already taken. Use
the Company Name Availability Checker to make
sure your chosen name is up for grabs. Register
a UK Company You can work with specialists like
The SmartMove2UK or visit the Companies House
website for the process. Get a Bank
Account Once your company is registered, youll
need to open a business bank account in the UK.
Licenses and Permits Depending on what youre
doing, you might need to get some industry-speci
c licenses or permits. Documents Youll Need
to register a UK company Heres a handy
checklist for the documents youll need
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Registering a UK Company as a Foreign Resident in
2024
- Constitutional Documents These outlines how
- your company will run.
- Memorandum of Association (MoA) This states
that youre of cially forming a company. - Unique Company Name Self-explanatory, but
crucial. - UK Address You can use a physical or virtual of
ce address to register your business. - Capital Statement This outlines the companys
- nancial setup.
- Directors Details Youll need to provide the
details of the directors and anyone with signi
cant control over the company. - Breaking Down the UK Company Registration
Process - Once your documents are sorted, heres a quick
rundown of what comes next - Lock in Your Company Name and Address Get a
unique name and secure a UK-based address for of
cial communications. - Appoint Of cers Youll need at least one
director (who may or may not be a UK resident),
and while a company secretary is optional, its
often a smart move. - Prepare Your Capital Statement Detail how your
companys shares are structured and
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Registering a UK Company as a Foreign Resident in
2024
- distributed.
- Declare Signi cant Control Be transparent about
who has signi cant control over the companythis
keeps things above board. - Get a Bank Account A business bank account is
essential for smooth nancial operations.
Read our informative blog on Best UK Business
Visa Route to Start a Business in the UK in 2024
- Typical costs to set up a UK company and run a
business in the UK - Youre probably wondering what kind of budget
youll need to set aside. Heres a breakdown of
potential costs - Registration Fee The fee for setting up a
limited company is only 12. - Ongoing Costs These will vary based on factors
like location and industry - Salaries If youre hiring, wages will be one of
your biggest expensesexpect higher salaries in
London. - Rent and Utilities Of ce space can be pricey,
depending on your location.
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Registering a UK Company as a Foreign Resident in
2024
Marketing Set aside a chunk of your budget for
advertising and promotions. Taxes Limited
companies pay Corporation Tax, while sole
traders handle income tax. Why Choose the UK
for Your Business? The UK is a great spot for
foreign businesses, and heres
why Business-Friendly Environment The UK has
policies that make it easy for foreign businesses
to thrive. Quick Setup Registering a company in
the UK is a breezeit takes just 13 days on
average. Tax Incentives The government offers
various tax bene ts, like Entrepreneur
Relief. Fewer Restrictions The UK is more
relaxed about what you can do compared to other
countries. World-Class ICT Infrastructure The
UKs robust IT network supports businesses from
day one.
You can also watch our video on Can Foreign
Nationals Start a Business in the UK!
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Registering a UK Company as a Foreign Resident in
2024
Need Help for Registering a UK Company? Were
Here for You! All of this might seem a bit
muchpaperwork, documents, registration
feesits a lot to take in. But thats where we
can help. At The SmartMove2UK, were here to
guide you through every step. From the
nitty-gritty details of company registration to
ensuring you meet all legal requirements weve
got your back. Reach out, and lets make your UK
business dream a reality! Our UK Visa Expert is
based in India Mumbai Delhi Bengaluru and
offers legal advice on all matters concerning
setting up a business in the UK as a
foreigner If you want further assistance to
start a business in the UK as a foreign national
OR Registering a UK Company as a foreigner We
Are Just A Call Away!
91 9819127002 91 9819127002
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Registering a UK Company as a Foreign Resident in
2024
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Registering a UK Company as a Foreign Resident in
2024
November 18th, 2024 Categories UK Investor,
Innovator, Business visas Tags Business in
the UK, Registering a UK Company, Starting
Business in the UK
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