Why do I open a limited company in the UK?
1. Low Share Capital requirement: Companies can be formed with a share capital of just £1.
2. One person can control a company: A company needs only one director and one shareholder, and the same person can hold both positions.
3. Easy Company Formation process: A company can be set up online agent in a few hours with a simple ID check.
4. No restrictions to non-residents: Directors and Shareholders do not need to be UK residents. People from different parts of the world can set up a business in the UK.
5. Owners are protected from debt: A limited company's assets and liabilities are distinct from those of its shareholders. Thus, the debts of the company are not payable by the shareholders.
6. Compliance and reporting requirements are minimal. Small businesses are only required to provide the simplest of accounts and are not required to have an audit unless shareholders insist.
7. The UK tax authorities provide incentives to new businesses: generous cashback claims are available for R&D expenditure, including staff salaries.
8. Trading with the EU: UK companies have access to the world's largest single market. There are no trade barriers between member countries.
9. Growing seed capital base: There are ever-increasing sources of funding for start-ups. These include Government-backed grants, crowdfunding and venture capital.
Website: www.rtrsupportslimited.com
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