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You do not want to do it yourself?

Call us or email us, we can arrange it for you.

Tel: +44 20 3514 0040
Fax: +44 20 3514 0085
email: info@etuls.com

eTuls, Ltd.
3 Minster Court
Mincing Lane
London EC3R 7DD

Company Formation FAQs

Why individuals form a company?

The most common reason why individuals chose to form a company is the ability to apply taxable expenses and reduce their taxable income from their business, rental property or any other income bearing activity. Second most common reason for company formation is to shield themselves and their property from various claims to pay damages  or other liabilities from clients, tenants, landlords, and other business partners.  For example you own a property and you are renting it. But you are afraid that your tenant would raise frivolous claims against you. In such case, you might choose to form a company

Where to form a company?

Why do so many choose to incorporate their businesses in the UK as opposed to elsewhere in the European Economic Area (EEA)? It comes down to efficiency. Incorporation in countries such as Spain requires lawyers, notaries, and or government officials. Anyone living anywhere may form a limited company in the UK, while other European countries such as Switzerland require citizenship and a local address. In order to encourage entrepreneurship, legislation in the UK has been written with the formation of limited companies in mind.

In addition to the logistical simplicity, in the UK all a business needs is £1 in capital in order to be established as a limited company. Other countries require significant share capital in order for business owners to incorporate, such as Germany’s €25,000 minimum.

This is not to say that the UK has a laissez-faire attitude toward company formation and operations. Limited companies must submit various forms of documentation to Companies House both at the time of incorporation and on a regular basis afterward.

Be wary of agents offering to prepare your application for impossibly low fees. The official government registration fee is £13, so agents charging £20 are unlikely to put in the time, energy, and attention to detail necessary for your company to legal complications later on. In fact, failure to maintain registers of shareholders and minutes is a criminal offense. Therefore, be cautious in selecting an agent. You could also forgo the agent and apply for incorporation online, but without the help of a professional you risk omitting important documents.

Which formation agent is the best?

You do not want to form a company your self, but you do not know how to select your formation agent? Best way to select one is to compare top 5 formation agents in the U.K. You can compare their prices and scope of their services under www.company-formation.uk

England
£110
  • Incorporation fee
  • Companies House Registration
  • Certificate of Incorporation, Charter, Shares, Operating Agreements
  • London, Liverpool, Manchester
USA
£420
  • Incorporation fee
  • Companies House Registration
  • Certificate of Incorporation, Charter, Shares, Operating Agreements
  • Delaware, Florida, New York, Nevada, Wyoming
Hong Kong
£840
  • Incorporation fee
  • Companies House Registration
  • Certificate of Incorporation, Charter, Shares, Operating Agreements
  • Hong Kong City