Setting up a company can be confusing and can involve many steps. EBS can help you establish in the UK Market easily.
The following is a quick guide to what’s involved in establishing a UK company, and what you can expect to happen during this process.
EBS will check the Company Names Register for your preferred name, form the Limited Company of your choice, deal with the registration of the Memorandum and Articles and appoint the first Directors and Shareholders.
Ready to get started? Give us a call or send us an email.
Each UK limited company needs…
Shareholders can be a person or another company.
Directors can be of any nationality and can live in any country.
Identify the Directors and any person ultimately controlling 25% or more.
Opening a bank account in the UK has become increasingly difficult.
There is no single solution, but we have taken a holistic approach to remove as many barriers as we can.
When setting up a bank account, consider the following:
As EBS is liable for the ongoing monitoring of the company’s bank transactions, we can only provide this service if certain conditions are met and remain in place.
In summary, these are the criteria:
on issue of new shares
Tax credit of 186% of the approved costs, which can be carried forward or sold (surrendered) for cash payment of 14.5% of the loss (only 10% can be claimed from 1st August 2023).
Qualifying R&D costs are costs relating to an R&D project as follows:-
1) Expenditure incurred during the year that are likely to qualify for R&D Tax Relief, including-
2) UK Employee and directors’ wages, UK employers NI, employers pension contributions. If an employee only part of their time on R&D then can claim the percentage of time each person spent on R&D.
3) Reimbursed travelling expenses relating to R&D work that are paid by an employee personally that are reimbursed by the company. Employee expenses paid directly by a company credit card or company bank payment cannot be claimed as they are not “reimbursed”.
|Country||Formation Time||Share Capital||Company Registration||Company Tax||Due month|
Once per year
26 – 36%
4 times per year
3 times per year
NOTE: Ownership restrictions apply in all cases where rate is 10% or less.
* Certain exemptions for payments under PLN 2 million a year can be applied for
We’d love to hear from you! – if you have any questions, please get in touch with us on phone, email or social media, and our friendly team will be pleased to help.