There are many business opportunities in the UK - which is why so many people prefer to run their own business rather than work for an employer. According to the House of Commons business statistics, there are around 7.5 million small-to-medium-sized (SMEs) businesses in Britain.
When it comes to setting up a business venture in the UK, you have to go through a registration process and complete legal formalities. Registering your company with the relevant authorities requires filling in and filing a variety of government forms.
The company formation process can be quite a time-consuming and daunting task. Furthermore, making a mistake could come back to haunt you further down the line. HMRC does not give any leeway for businesses that make mistakes.
Company Formation Services in the UK
Whilst it’s possible to register your company online yourself, it can be quite a complex procedure - especially if you are not familiar with UK business law and the myriad of complex regulations around taxation.
For example, you need to decide what the legal status of your company will be for tax purposes. If you get this wrong, you may pay more taxes than you need to, more administration fees than you need to or worse - you could receive a penalty from HMRC.
The smart option is to instruct a company formation service in London to register your company on your behalf. The process takes around 3-6 hours so can be completed in one day.
Low-Cost Letterbox offers company formation services in the UK We have established a hassle-free system with Companies House and HMRC to ensure your company is registered to legally trade in the UK and address your tax liabilities.
What Can You Expect From A Professional Company Formation Service?
Company formation services in the UK employ highly experienced and professionally qualified personnel who act on your behalf during the entire company registration process.
Although many chartered accountants and solicitors charge extortionate fees for providing company formation services in London, you will find cost-effective options that perform the same service.
For example, with Low-Cost Letterbox, our basic service is as low as £2.99 which includes registering a limited company with Companies House and delivering the digital documents by email.
Our most expensive package is still only £99.99 which also includes registering documents with the tax agency together with company formation for overseas directors and the option to use our London address as your registered office.
You do not need to reside in the UK to register a company here but you do need a business address in the UK where government agencies can send official documents. With LowCost Letterbox you can reside anywhere in the world.
Because you need a UK address, overseas patrons have to use a UK company formation service. Therefore, it makes sense to use a low-cost company formation service in London and take advantage of our prestigious address in NW1. An address in central London presents a good image for your business!
