The UK allows a UK company director to be a non-UK resident and live anywhere in the world. There is no requirement for a director of a UK company to live in the UK during or after their appointment as a company director.

Is it possible to setup a company if I am not resident in the United Kingdom? Yes, it is possible to setup a UK limited company even if the proposed directors are not resident here. This must be a serviced address where any statutory mail can be accessed by the company directors or forwarded to their overseas location.

For incorporating a private limited company a minimum number of 2 and a maximum number of 15 directors are required. Any person who has attained the age of 18 years or more can become a director of the company. However, there is no limitation over the residential status of a person.

What are the filing requirements for a limited company?

• Annual accounts.
• Confirmation statement.
• Corporation tax return (CT600)
• VAT returns.
• Employer (PAYE) returns.
• Event-based filings to Companies House.

There is a minimum allotted share capital requirement, known as the “authorised minimum”, which is currently set at £50,000 and which must be denominated in sterling. The same minimum share capital requirement applies where a private company re-registers as a public company under Part 7 of the Act.

UK companies do not require UK business bank accounts Whilst it may make sense to open an account in the country in which your company is registered, it is possible to open one in your own country of residence. This requires legalising your company documents by having them ‘apostilled’.

LLP is a preferable form of organization as it provides benefits of both the private limited and partnership firm….Difference Between Private Limited Company & LLP – Analysis.

A 21 clear days’ notice is required to be given for the same. Every Company is required to file its Financial Statements within 30 days of its Annual General Meeting with Registrar of Company in E-Form AOC-4. The same shall be digitally signed by one director and certified by CA/CS/Cost Accountant in Practice.

While there is no legal requirement for limited companies to use an accountant there are many benefits in doing so, such as completing your annual accounts and company tax return. They can also take care of tax registration for new companies.

Unlike a public limited company (PLC), a private limited company is restricted from selling shares to the public. Limited companies must also submit annual accounts to Companies House which are made available to the general public.

Rs.1 lakh
The Companies Act, 2013 earlier mandated that all Private Limited Companies have a minimum paid-up capital of Rs. 1 lakh. This meant that Rs. 1 lakh worth of money had to be invested in the company by purchase of the company shares by the shareholders to start the business.

There is no requirement for directors to also be shareholders, and shareholders do not automatically have the right to be directors. However, in most private limited companies, they are the same people. This flexibility in ownership and management is one of the many great things about the limited company structure.

The chosen company name must not be exactly identical, or too similar, to any other company name currently held on the register at Companies House. The company must issue a minimum of one share at the time of incorporation. Company Secretary is an optional position for private limited companies.

UK limited companies are generally very simple to set-up as the UK government have tried to remove the bureaucratic barriers that can exist in some countries that put potential entrepreneurs off of starting a new enterprise. There must be at least one director appointed. All directors must be at least 16 years old.

It is possible for non-residents to set up and run a UK company entirely or partly via a UK business agent. This entails a commercial agreement whereby a UK entity acts as an agent for the offshore company, registering their company, providing a UK registered office address, help with banking and even managing certain aspects of the business.

If a company is registering its first UK establishment, it must additionally provide: a certified copy of the company’s constitution documents (including a certified English translation if required) the latest set of company accounts (including a certified English translation if required) if it is required to file these in its own country