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OVERSEAS COMPANIES

The UK is the world’s sixth-largest economy with a Gross Domestic Product of USD2.83 trillion. It also has the lowest rate of business tax in the G20, while benefiting from a highly educated workforce.

 

Setting up a UK company is quick, and we make the process simple by doing all the work for you.

 

Whilst there are no restrictions on overseas owners setting up in the UK, the biggest challenge is getting access to banking facilities. With our network of banking relationships, we can offer the following three solutions.

  1. Setups with specialist international teams

  2. Global e-money accounts through foreign exchange specialists

  3. A client account with our bank set up in 24 hours

 

The usual approach is to initially trade through one of our client bank accounts while we establish your bank account, which can take weeks if not months.

 

We can also offer the use of our company office address for registration purposes as well as helping you find your own address.

 

While there is no requirement to have a UK director, it can sometimes be helpful to have a UK based Director as part of your team; we are happy to provide a UK Director as part of our outsourced Finance Department service.

 

Once your company is set up, we can handle all aspects of your UK Company administration and filing.

We offer the following services for our overseas company clients;

  • Private Limited Company incorporation

  • Aligning year-end dates to overseas parent

  • Arranging banking facilities

  • Registration and filing for all UK taxes (VAT, PAYE & Corporation Tax)

  • Ongoing Companies House document filing

  • Setup of mandatory pension scheme and administration

  • Template UK contracts for employees and sub-contractors

  • Xero cloud accounting software mapped to parent chart of accounts structure (subject to meeting UK requirements)

  • Implementing a robust purchase approval process

  • Managing payments to suppliers, employees and government

  • Invoicing and credit collections for your customers

  • Maintaining intercompany accounts in multiple currencies

  • Advising on foreign currency management and hedging arrangements

  • Monthly reporting to overseas parent in a format required for consolidation

  • UK Company Secretary or Director positions to provide strategic advice and enter negotiations/agreements on behalf of the UK company.

 

Please schedule a consultation if you’d like to know more.