The company registration process in the UK is streamlined and can often be completed entirely online. Here are the steps to follow:
Step 1: Choosing a Unique and Compliant Company Name
Your chosen company name must be unique and available at Companies House. It cannot be "the same as" or "too like" an existing registered name. This rule considers differences in punctuation, common words (e.g., "Company," "Services," "UK"), and certain characters as insufficient to create uniqueness.
Avoid offensive names or those implying government connection without permission. You can use the Companies House online checker for availability.
Note: Even if your company name is accepted by Companies House, it doesn't guarantee trademark rights. You should get Trademark Registration for additional protection, which helps prevent others from using or copying it.
Step 2: Appointing Directors and Shareholders
A company needs at least one director, who can also be the sole shareholder. No residency restrictions apply to these roles. You will need to provide their full name, date of birth, nationality, occupation, and residential address. Each director must be at least 16 years old.
Step 3: Deciding on People with Significant Control (PSC)
Identify individuals who have significant control over the company, usually those holding more than 25% of shares or voting rights, or who otherwise exercise significant influence.
- Their details, including how they exercise control, must be recorded on the PSC register, which is publicly accessible.
- For Indian founders, this requires revealing their ultimate beneficial ownership to UK authorities to comply with anti-money laundering and transparency laws.
Step 4: Establishing a UK Registered Office Address
A company registration address in the UK is mandatory. This must be a physical address in the same part of the UK where your company is registered (e.g., England, Wales, Scotland, or Northern Ireland).
It cannot be solely a P.O. Box. The address must be a physical location capable of receiving official mail. Many formation agents offer this as a service, including mail forwarding.
Step 5: Preparing the Memorandum and Articles of Association
These are the core legal documents of your company.
- Memorandum of Association: A standard legal statement signed by the initial shareholders confirming their intention to form a company.
- Articles of Association: These define the internal rules for how the company will be run, covering areas like directors' powers, shareholder meetings, and share transfers. You can adopt standard "model articles" or draft custom ones to suit specific needs.
Step 6: Submitting Your Application to Companies House
Applications can be submitted online or via the company registration agents UK. Online processing is typically faster. You'll also provide your Standard Industrial Classification (SIC) code.
All new companies must confirm they are formed for a lawful purpose. Additionally, all companies must now provide a registered email address for Companies House communications.
Step 7: Post-Registration: What Happens After Incorporation
Upon successful registration, Companies House issues a UK company registration certificate and your unique company number. You're also automatically registered for Corporation Tax with HMRC, and you will be issued a Unique Taxpayer Reference (UTR) for tax purposes.
Additional Post-Registration Requirements:
- UK Business Bank Account – Usually required for operations; often needs a UK business address as proof.
- VAT Registration – Optional unless your annual turnover exceeds £90,000, in which case it becomes mandatory.
- Appointing an Accountant – Strongly recommended to manage annual filings, Corporation Tax returns, and ensure UK tax compliance.