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Starting A Business in the UK
Steelbank

5+ Year Member



 
Msg#: 2296 posted 9:28 pm on Apr 4, 2006 (gmt 0)

We are an established US company and are looking to expand in the UK.

Does anyone have any information as to 1) requirements for foreign companies to establish a presense in the UK; 2) Corporation or LLC type entities; 3) any other information that may be helpful.

Thanks!

 

mcavill

10+ Year Member



 
Msg#: 2296 posted 9:43 pm on Apr 4, 2006 (gmt 0)

I can't really answer your questions specifically, but [companieshouse.gov.uk...] should have some info that might help.

andye

10+ Year Member



 
Msg#: 2296 posted 5:24 pm on Apr 5, 2006 (gmt 0)

There's loads of books on this as well. Keywords to search are: forming or registering a limited company.

hth, a.

percentages

WebmasterWorld Senior Member 10+ Year Member



 
Msg#: 2296 posted 9:26 am on Apr 6, 2006 (gmt 0)

>Does anyone have any information as to 1) requirements for foreign companies to establish a presence in the UK;

It is simple. Form a Ltd in the UK, you need a Director and Company Secretary, both can be US residents operating from a US address.

>2) Corporation or LLC type entities;

In the UK the most common type of company is a Limited Company (Ltd). The UK has two primary types of company "Limited" (Ltd) and "Public" (PLC), given you are not floating on the stock exchange, Limited is the one for you.

>3) any other information that may be helpful.

Set up a mailing/registered office address for your new UK company, which I assume the management will primarily operate from the USA? There are many services that will create bank accounts for you, provide you with UK "virtual offices", mail forwarding, telephone forwarding, office facilities, you choose the most appropriate services.

I'm British, reside in the USA, run a UK company via a "Virtual UK Office" from the USA. My UK mail takes 5 days to arrive in the USA via my "Virtual Office", faster than some of my USA mail. Phone calls can be answered immediately or redirected as I wish.

For all reasonable purposes operating a UK company is no more difficult than operating a company in any other State than the one you choose to reside in. Simply think of the UK as the 51st State of the USA with a few odd rules and you will do just fine :)

bangkokbull

5+ Year Member



 
Msg#: 2296 posted 4:44 pm on Apr 8, 2006 (gmt 0)

income generated in the UK is taxed by the UK, no exceptions as far as I know but double taxation treaty may mitigate it to a degree... depends what you want to do but virtual location in channel island or Isle of Man may be better

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