The UK has consolidated its place as one of the best places in the world to do business in the United Kingdom, according to the World Bank’s latest ‘Ease of Doing Business (EoDB) 2020’ report.
The SmartMove2UK brings to you a comprehensive guide if you wish to start a business in the UK. Let us go about answering a few burning questions associated with starting a business in the United Kingdom.
Can you start a business in the United Kingdom as a non-resident?
Yes, a non-UK resident can start a business in the United Kingdom. The registration of a business is on the same lines for both- a resident and a non-UK resident.
The restrictions on setting up a business in the UK for a foreign national range from low to manageable. You can be a company secretary, a shareholder, and even a company’s director in the United Kingdom. However, you will have to register your business with the Companies House in England, Scotland, Wales, or North Ireland- depending upon the location of your company in the United Kingdom. Whilst starting a business may be easy for non residents, getting a bank account is a whole different ball game particularly if you are a non resident.
Why start a business in the United Kingdom?
You must wonder if it is at all feasible to start a business in the United Kingdom. But the truth is, the United Kingdom is one of the easiest places to set up and run a business. If you need more convincing here are our,