Who can form a UK LTD?
A limited company can be formed by a single person who will serve as both the company's sole shareholder and director or you can have multiple people for different roles like shareholders, directors, PSCs, etc. Thus, you can open and run it either alone or with other people.
In the UK, anyone of any nationality can start a company. You don't even have to be a resident of the country to qualify. The only requirement for a UK company registration is a UK-registered office address, which can be a friend's or relative's address or a virtual office address.
Please watch the video given below to get more details:
Anyone can set up a UK Ltd company, but not everyone is eligible to serve as a director.
There are no restrictions on who could be a shareholder or PSC of a company. However there are restrictions on who can serve as a company director.
Who can be a UK company director?
A UK company director must be at least 16 years old, and cannot be:
1. Disqualified from being a director by court order
2. Disqualified by the company’s memorandum and articles of association
3. The company’s auditor
4. An undischarged bankrupt
Also read: What is the role of a UK Nominee Director?
To open a UK Ltd company you need to provide some information about your business and the information about the people behind it:
1. The company name
2. The company registered office
3. SIC codes (Business activities)
4. Details of the company directors
5. Details of the company shareholders and the number of shares they are holding
6. Details of the Person with significant control
RTRSupports Limited can help you form a UK-limited company
RTRSupports Limited offers UK company formation packages including a Non-Residents package for clients who live outside of the UK. These packages will help you in setting up your business in one business day.
To open it, all you need to do is:
1. Choose a company name
2. Choose a package (talk to an advisor if you are having trouble deciding)
3. Pay for the service
4. Complete the company formation process
Also read: Easy UK Company Setup Process - RTRSupports Limited
Your company formation application will then be electronically sent to Companies House, where it will generally be accepted within a few hours. Once your company has been incorporated, you will get an email confirmation.