TO CREATE A COMPANY IN LONDON - INTERNATIONAL ACTIVITIES

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TO CREATE A COMPANY IN LONDON - INTERNATIONAL ACTIVITIES


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TO CREATE A COMPANY IN LONDON - INTERNATIONAL ACTIVITIES

TO CREATE A COMPANY IN LONDON - INTERNATIONAL ACTIVITIES
London has always been one of the largest metropolises in the world. For years, a considerable number of companies, which flourish in various disciplines, have had chosen that city. One of the main reasons is that a quite particular prestigious image tacitly acquired there. For this fact, the idea to create a firm where the activities would be oriented into the International Market tends to assert itself in the projects of foreign economic actors, before the beginning or in the course of activities.

The minimum to know
Nowadays, it becomes easier to get from the Internet key information that is essential when creating a company in London. In fact, there are several Web sites which deal with this very subject. However, it is still more practical for the majority to call on a cabinet or a specialized agency to assist throughout the whole process of a company creation and establishment.

In a non-exhaustive way, few outlines which correspond to the minimum one should be aware of are mentioned herein. First of all, there are several business structures of company in England, like in all the other European countries. However, the most widespread legal form is that of limited liability companies. Secondly, the manager of a company located in London, whatever is the type of company, must be a resident in the UK. It implies that a person who has not got British nationality must become an English resident if he or she plans to found and to lead a company in the United Kingdom’s capital. That means that a company created in this country is called a company “onshore”. Naturally, the implementation of a private company on the British territory requires the preparation of various documents, which present little differences compared to the necessary documents needed in other European countries. Among the main documents, we can quote: the deed of partnership of company” (Mémorandum of Association) and the “statutes” of the organization (Articles of Association).

Why London?
Apart from the two above-mentioned reasons, that is the image and prestige, to set up company in the United Kingdom present other advantages which attract a great number of investors and economic actors. Namely: the favourable criteria taxation in this country presents; the fact that the products of the companies having an annual turnover under 64.000 £ are not submitted to the value-added tax (VAT); the simplicity and flexibility of the legislation, in the same way as the statutes of the company; the various financial advantages (no limitation of minimum capital investment, creation expenses,…); and still more. It seems that the creation of company in this country can without any doubt be qualified as “interesting”.

The ball is thus in the camp of the contractors, actors of the world economy, who project the setting up the base of their international activities in London.


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