Is It Really Easy to Establish a Company?

by : Graff



You may have heard of the fact that it has become quite easy to establish a company in the UK. It is advertised that you can form a company within a few hours. Well, there is no contradicting the fact that establishing a company in the UK is no more a big deal as it used to be. But still there are some formalities that one cannot skip.

Some documentation is mandatory to establish a company. Even if you form the company online, you have to provide the Companies House with some information. Among the information you have to provide, the name of the company comes first. When deciding the name of the company, you have to keep two things in mind. The name should not be the same as some other company that is already registered.

Secondly, if the company is a limited one, you have to use the word ‘limited’ in the name. You can include the abbreviated form of the word that will be as ‘ltd’. In fact, it is the abbreviated form that is mostly used by those who want to establish a company in the UK. Next thing you have to take care of is the objective of the company. Then there is the matter of the registered office.

In order to in the UK, one needs an address that he can use for official correspondence. A registered office serves this purpose. This office remains registered with the Companies House and all the mails from the House are sent to this address. The company secretary is supposed to respond to the mails.

Apart from these formalities, there are some other important points on which the prospective businessman should provide information to the concerned authority. Taking care of all these formalities may become difficult for anybody, particularly for the overseas businessman. Hence, they take service from agencies to establish a company within hours, and that too without facing any hassle.