Your guide to setting up an overseas business in the UK
The time to invest in the UK is now. If you’re ready to take the next step for your business, here’s how to do it.
UK industries
1. Set up a company in the UK
You can set up a private limited UK company online in just 24 hours, or register a branch of your existing company in up to 4 weeks.
2. Apply for a UK visa
Anyone from outside of the European Economic Area and Switzerland may need to apply for a UK visa to work in the UK or visit for business reasons.
3. Open a UK business bank account
This will allow your business to make and receive payments in the UK without incurring foreign exchange fees. It is not a legal requirement. Yet, it will enable you to keep track of your transactions.
4. Understand UK tax and incentives
The UK has one of the most competitive tax systems in the world and the corporate tax rules are simple and clear.
5. Establish a base for business in the UK
The UK has straightforward processes and incentives to help businesses to set up and expand.
6. Hire skilled workers for your UK operations
The UK has a world-class pool of talent and business-friendly employment laws. You can also bring employees to the UK from other countries through a flexible visa system.
7. Understand the UK’s legal framework
The UK has simple, clear laws helping make it the seventh easiest place to do business in the world, according to the World Bank.
Choose a company structure that suits your needs
Private Limited Company
By far the most popular type of company formation in the UK is a private company limited by shares,commonly known as a limited company. Its purpose is to make a profit and distribute it to the shareholders. The main advantage of this type of corporate structure is to protect the personal assets of the owners(shareholders) as their liability is restricted to the value of the shares issued.
LLP
Limited liability partnerships (LLPs) are increasing in popularity and are ideal for professionals and consultants who wish to retain the flexibility of a traditional partnership but require the benefits of a limited liability company. Rapid Formations can provide quick and easy company formation of your LLP online – with full Companies House approval in 3 to 6 working hours.
Guarantee Company
A Limited by Guarantee company is very much like a standard limited company; however, it does not have shareholders but instead has guarantors who undertake to contribute an amount of money should the business be wound up. This type of corporate entity is normally used by non-profit organisations such as clubs,
associations and charities.
The Export Journey
Whether taking your first steps or looking to grow your export business, Export Britain can help with every stage of your export journey – follow these steps to find out what you need to know and how you can access advice and support
How we help
We can connect you to The Department for International Trade which helps overseas companies locate and grow in the UK.
Based in British embassies, high commissions and consulates in cities around the world,
they have the investment services team and they can;
