How To Register A Company In The UK

In order to implement the strategy of "going global", many Chinese enterprises hope to set up trade organizations overseas, especially in the US and Europe, and open up the market to help Chinese enterprises expand the British market. Here we will introduce the procedures and relevant regulations of registered companies in the UK.

According to the British company law, both British citizens, foreign enterprises or individuals engaged in trade activities in the UK must register with the British companies registry.

Registered enterprises (including British citizens, foreign enterprises and individuals) can engage in domestic and foreign trade activities in the UK.

In the United Kingdom, the establishment of various forms of enterprises does not require approval from any department or foreign exchange control, and the procedures are very simple and the cost is low. The management department of the UK has no special requirements for qualifications and conditions of enterprises engaged in import and export business.

In the case of a private limited company, the establishment of a private limited company has no restrictions on the minimum capital stock. There is no minimum requirement for shareholders or directors. Shareholders or directors may be individuals or companies, and there are no restrictions on the nationality and residence of shareholders or directors.

A company must set up directors and Secretaries (or companies) to submit a memorandum of association, the articles of association, the names of directors and secretaries, and addresses in the United Kingdom to the company registration authority (the "British company registration authority"). The registered capital shall be paid on dozens of pounds and the company registration fee of 20 pounds shall be paid.

The company registration office usually obtains the certificate of incorporation after the receipt of all information.

Once registered, an enterprise can engage in trade activities, including import and export business.

In the United Kingdom, the departments that supervise the import and export enterprises and their business operations include the "British companies registry", "customs and excise tax bureaus", the "export control bureau" of the British Ministry of trade and industry, and the import licensing bureau.

All companies registered in the British register of companies can apply for quotas for imported products to the British Import Licensing Bureau.

The United Kingdom implements import quota management for daily porcelain and most of its footwear products, and carries out general license management for iron and steel, chemical products, glass products, fireworks products, leather gloves, toys, craft ceramics and so on.

These are handled by the import licensing bureau.

Britain has an end-user monitoring system for the export of military products and high-tech products.

The specific practice is that British businessmen must apply for "export license" to the export control bureau of the United Kingdom when they export (including pit pit) high-tech products. When applying, they must provide the promise that the importers and importing countries guarantee the use of the products in the country. At the same time, the licensing system for the export of weapons will also be implemented.

The "customs and consumption tax bureau" is responsible for the tax of the country.

All goods exported from the United Kingdom to non EU Member States must be declared to the customs and Excise bureaus by way of export declaration.

Export declarations can be submitted in the form of C88 at airports or ports, or approved by the customs and Excise Department, with a simplified procedure (depending on the volume of pactions of exporters).

Exporters who export to other EU member countries with more than 233 thousand pounds must submit monthly reports to the customs and Excise Department for statistical purposes.

The export below the above amount is audited once a year.

In general, the British government does not interfere with the company's foreign economic and trade practices.

In terms of imports, enterprises, with the consent of the customs, may delay the payment of import duties and VAT until the 15 day of the next month after the actual import.

On the export side, for goods exported from the United Kingdom to non EU member countries, some customs clearance procedures can be adopted by the customs, and the specific clearance procedures depend on the paction volume of the exporters.

As the main member of the European Union, Britain has no foreign trade laws. It follows the common trade policy of the European Union, namely, the trade legislation based on the common commercial policy stipulated in the EC Treaty. EU Member States participate in the legislative process and implement the legal policies adopted.

Britain implements the European Union's trade policies faithfully.

At present, the United Kingdom has formed a complete set of unique and effective foreign economic and trade management system suitable for its own national conditions. It is summarized as follows: taking private ownership as the premise, with laws and regulations as the basis, with the policy of trade and industry as the leading factor and customs supervision as an auxiliary means, a highly open and liberalized trade management system.

The United Kingdom actively advocates free trade and basically liberates the management of trade in services and goods. Apart from the production of individual industries, such as military, high-tech and other sensitive products and equipment, the government does not interfere with the foreign economic and trade activities of enterprises. There are basically no restrictions on the varieties, items, funds and investment directions of enterprises. Foreign companies and individuals can register and compete in the UK.