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By valero
- In Uncategorized
Since we started guiding you through the first steps of setting up your company in the UK, we are sure you have come up with more ideas. For example, have you thought about how to set up a company in the UK from Spain? If the answer is yes, we are going to offer you a guide on how to do it easily and without complications.
More and more Spanish entrepreneurs (and from the rest of the world) are deciding to set up their business in the UK, either because of the tax advantages, the speed of the process or the opportunities offered by such a powerful market as the UK. In this article we talk about everything you need to know to do so without getting lost in paperwork or complicating your life.
Why to set up a company in the UK from Spain?
First is to understand why so many people take this step. One of the main reasons is the simplicity of the process that differentiates it so much from Spain. The procedures are simple and quick and you can have your company registered in less than 48 hours.
Another of the great advantages, which we have also listed in previous articles, is the competitiveness of taxes. For example, corporate tax in the UK is lower than in Spain.
Thanks to the quality of its education system, especially in terms of higher education and business studies, a company registered in the UK enjoys an excellent international reputation and generates great confidence.
In fact, it is a direct gateway to the powerful Anglo-Saxon market. This is very opportune if you want to increase your chances of securing partners or clients in both the UK and the US.
Choose the type of company
This is the first decision you need to make. The most common way to open a company in the UK is known as the Limited Company (LTD). Its advantages are that it improves the protection of your personal assets and gives your busuness a professional image.
Prepare the necessary documentation to open a company in the UK from Spain.
The documents you will need to set up a company in the UK from Spain will be the name of the company (not already registered and meeting the requirements), address in the UK (do not worry about this, as it can be virtual), name(s) of the director(s) and shareholders and, finally, the company’s corporate purpose.
Note that there are many online tools that can help you by paying fees of less than £100.
Register your company
Registration can be done online on the Companies House website. If you do it yourself, the fee is about £12 and you will have it ready within 24 hours. If not, you can rely on the online platforms referred to above to help you with everything you need.
Open a bank account
This is a step that might be a little more complicated when you are abroad the UK. However, there are interesesting options on online banking. If you prefer a traditional bank, you will need a physical address in the UK.
Manage your tax obligations
This is a particularly important detail. Bear in mind that, even if you live in Spain, your UK company has to comply with tax obligations. Do not forget to declare your income and profits correctly.
Sometimes, you will also need to liaise with the Spanish tax authorities. Do not hesitate to hire an advisor for helping you avoid problems related to double taxation.
Now you know how to set up a business in the UK from Spain
Opening a company in the UK from Spain is easier than it seems. The most important thing is to plan the process in advance and have the documentation ready. You could have your company up and running in less than a week.
It would be, for example, a great option if you have a digital project, work as a freelancer or simply want to internationalise your business.
