![]() Equivalents in Welsh are “Cyfyngedig”, “Cyf” or others for companies incorporated in Wales. If your company is identical to any trademark, such trademark holder can dispute your name.Ĭompanies registered in England are ended in either “Limited”, “Ltd”, “LLP”, “plc” or other abbreviations indicating a type of the legal entity. In addition, your lawyer should conduct a trademark search within registered trademarks and trademarks being in process of registration. Similar names mean that they are fully identical, or differ either with only a symbol, or a word is common in the UK, or a word is identical in appearance from the existing name.įor this reason, before the company name is chosen, it is necessary to check for similar and identical names in the Registrar of Companies prior to filing registration documents. it is similar to a registered trademark.it is similar to already existing names of companies.it implies a connection with central or local government, or with some public authorities.the proposed name contains a sensitive word or expression.The Companies House will refuse to register a company name if: In the meantime, it is necessary to follow certain rules in order to register a company name in the UK. There is no requirement to reserve the company’s name prior to its incorporation in the UK. The company must file annual accounts and comply with UK reporting requirements on an annual basis.Ĭompany registration documents to be submitted depend on the type of legal entity you choose from. Branches: are usually chosen by overseas companies wishing to have a business presence in the UK instead of incorporating a company there.Sole traders: this is the simplest way for starting a business in the UK, though the sole trader remains personally responsible for business debts.Usually partnerships are used by professional service firms, such as accountants, lawyers. LLPs are set up by at least two or more members who are not personally liable for any debts that the company is not able to pay. Limited partnerships are formed by at least one general partner and one limited partner who have different obligations in terms of business debts. Partnerships: are divided into two forms, being a limited partnership and a limited liability partnership.Minimum issued share capital is £50,000 and it has to be paid up in no less than 25% in order to start operating. There is no requirement in relation to a minimum or maximum authorised or issued share capital.Ī public limited company is tailored for large businesses as a PLC is owned by at least two shareholders and at least two directors. Besides, it is managed by one director and there is no need to have a secretary unless otherwise provided in its articles of association. This legal form is chosen as it can be set up by at least one shareholder who is not personally liable for company’s debts. A private limited company is the most popular type for company formation in the UK. Limited companies: is either a private limited company (Ltd) or a public limited company (PLC).This article gives you an overview on how to set up a company in the UK and key points on how your business can benefit from it.įoreign companies and citizens may register the company in the UK in the following types: It will probably remain even more attractive for foreign businesses in the upcoming years as its economic will be highly dependable on investments. Despite the Brexit, the UK remains to be a stable business environment with overseas investment approach. Of course, the UK legal system is highly regulated, but its regulations are tailored to business needs and provide good opportunities for business growth. According to various rankings, the UK is among top countries for ease of doing business which means that the company formation and starting new business operations for your company in the UK will bring you comparatively low expenses and opportunities for starting your business rather easily without unnecessary formalities. ![]() The UK offers cultural and ethnic diversity, high-quality workforce, endless business opportunities and access to high-technology and innovative sectors. This is one of the major financial and investment center with various large companies having headquarters there. It has an open economy and one of the lowest tax rates. This is one of major European leading business center, that attracts more than 35% of all foreign investment in Europe. The United Kingdom plays an important role in international trade and economy.
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