United Kingdom

We assist global clients looking to do doing business in the United Kingdom with the A to Z of business setup without the need for the client to travel personally to the United Kingdom. Some of our services include:

Company / Branch registration

Tax registration and obtaining PIN

Regulatory licenses across all sectors

Personal and corporate bank account opening

Accounting and tax support services

Provision of nominee directors and shareholders

Recruitment and employee hiring

Virtual/Physical Office space solutions

Employment and residency visas

The most common corporate structures preferred by foreign investors setting up in the United Kingdom include i) the limited liability company (LLC/LTD) ii) the Public limited company (PLC)and ii) the branch office. See detailed comparison below:

Advantages and disadvantages of setting up business in United Kingdom:

  • Communication Network. The UK is one of the countries with the most advanced communication network in the world;
  • Availability of abundant highly skilled and qualified labour force;
  • Strong Economy: The UK has high GDP of the UK despite Brexit and the GBP is considered a more valuable currency than the Euro;
  • Major Gateway to Europe. The United Kingdom serves as a major gateway to Europe, offering access to the 27 member states of the European Union, which forms the world’s largest single market;
  • Transport Links. The United Kingdom has highly developed transport links to many cities in Europe, making it like a Centre for a lot of business activities and tourist attractions;
  • Rapidly Growing Productivity. The United Kingdom has improved its productivity to one of the most productive countries in the world and is still in continuous growth;
  • Easy Business Setup. Company setup process is straightforward with professional assistance the average days for setting up a business in the United Kingdom is about 13 days as compared to other countries in Europe;
  • Lower Taxes. Paying low taxes is of advantage to businesses since they give a higher part of their profits, which can be reinvested into business to make more profits;
  • Innovative Country. The United Kingdom is one of the top leaders in innovation ranking among top countries due to their productive and innovative firms;
  • Property Registration Ease. The United Kingdom is one of the countries with the easiest property registration process all over the world;
  • Growing Economy. The UK is one of the most rapidly growing economies in Europe;
  • High proficiency in English.
  • Brexit implications. The United Kingdom departed the European Union (EU) introducing new complexities in trade agreements, customs checks and labour mobility which Has altered the business landscape and as a result there are additional regulatory requirements and tariffs when trading with EU countries. Companies must ensure compliance with both UK and EU regulations, which can be particularly challenging given the dynamic nature of post-Brexit policies;
  • Strict Regulatory Compliance: Though the UK’s regulatory environment is known for its complexity businesses must adhere to rigorous financial and corporate governance regulations;
  • Economic factors. Post-Brexit economic policies and fluctuations in these areas can significantly impact consumer spending and business investments. This will affect investment decisions and market stability;
  • Starting a business is time consuming. Though formation of a company in the UK is relatively quick, completing all necessary administrative tasks is often time-consuming. A good professional body to streamline the process efficiently;
  • Labour environment. Due to post Brexit immigration policies, it has created uncertainties regarding labour mobility, especially for EEA (European Economic Area) nationals. Companies must navigate the visa requirements for foreign workers and address potential labour shortages, particularly in sectors such as retail and hospitality which Girimba international will be glad to assist for the processing visas and outsourcing talents for the corporation in any sector.
  • Complex Tax Filing: While tax rates are low, the UK’s tax system is particularly intricate, involving various corporate, labour, environmental and sales taxes. The tax filing process can be complicated and require professional assistance
  • Market competition. Due to its large market there is high competition across various sectors particularly in technology, finance and retail. Businesses must be prepared to differentiate themselves and build strong value propositions to gain a foothold in the UK market;
  • Infrastructure and logistics. Though the UK boasts of good and advanced transport links there is however ongoing infrastructure projects like HS2 that can disrupt business operations and supply chains. Companies must invest in robust supply chain management systems and stay informed about infrastructure developments that could impact their operations.
  •  Technological advancements and cyber security. Due to technological advancements businesses must continuously innovate and adopt new technologies to keep up with the market. Cybersecurity is also a concern, with cyberattacks becoming more frequent and sophisticated.as a consequence in the UK, businesses are required to comply with regulations such as General Data Protection Regulation (GDPR) and must also align with guidelines from the National Cyber Security Centre (NCSC) to strengthen their cyber defense frameworks.
  • Cultural and social factors. The UK’s multicultural society requires businesses to tailor their strategies to diverse consumer preferences and a wide talent pool. Companies must invest in cultural understanding and adapt their business practices to align with local expectations.

Important links:

Company incorporation steps in United Kingdom:

  1. Name Verification: Girimba Consulting shall verify availability of the company with the Company Registration Office;
  2. Documents Preparation: Our Team prepares the incorporation documents and emails our client for signatures and email return;
  3. Certificate of Incorporation: Our Team submits an application for company registration with the Company Registration Office and obtain a certificate of incorporation;
  4. Tax Identification Number: If the director is a foreign national, our team submits an application for a personal tax identification number (TIN) with His Majesty’s Revenue and Customs (HRMC);
  5. Corporate Tax Number: Once the certificate of Incorporation, the Company Corporate Tax Certificate shall be issued 16 days after our team submits the application;
  6. Other Registrations: If the Client intends to hire local staff, our Team registers the company with client His Majesty’s Revenue and Customs (HMRC) for PAYE;
  7. Bank Account Opening: Girimba Consulting also assists our client to open a local corporate bank account with a top tier bank in the United Kingdom.

    Seek specific business information:

    Let us know more about your business needs by completing the form below. Our team will get back to you within twenty four hours.

    All information provided to Girimba via this form remains confidential, Girimba shall not sell, share or transfer any details to any authority or third parties except as may be required by law. If you however prefer not to fill up the form, you are welcomed to contact us by email or phone directly.

    Select Territory of Interest*:

    Enter Your Details*:

    Select required service*:

    requestquote

    Girimba Consulting conducts business with openness, transperancy and honesty.We respect and uphold our Clients’ confidentiality, we offer quality service at affordable rates. Contact us for professional solutions.

    girimba-discount

    Clarence S. Carlos

    Regional Cordinator

    Clarence is our regional cordinator and head of business setup secretariat.