If you want to start a business in the UK as a foreigner, but you do not yet have all the information about the whole process, it is much better to take advantage of service offers and advice from one or several organisations that are specialised in helping non-British citizens start enterprises in the UK.
Having the reputation as one of the largest and most stable markets in the world, it’s no wonder that starting a business in the UK is an extremely attractive option for many entrepreneurs. A big reason why so many people are interested in doing this is because of the opportunities it offers to anyone who wants to create their own business from scratch and become self-employed or also move an office of an existing business there using the sole representative visa.
Today, starting a business in the UK is much easier than it used to be, especially since there are specialists such as StartingUpUK.org that offer assistance from start to finish and help you deal with all the paperwork and formalities. They, alongside expert UK immigration law firms, can save you a lot of time and money, helping you find the best way to make your business dreams come true in such an exciting country as England. They can not only help you with your immigration process but also help in registering your business and advising you on company regulations.
Starting a new business in the UK is easier than ever before for non-EU nationals.
Most people know that when starting up a business in the UK, there are various options open depending on what you are hoping to achieve. There is the option of setting up a Ltd company, becoming self-employed or starting a limited liability partnership (LLP) with one person or several other people.
Since Brexit, if you choose to set up your own business in the UK as a non-EU national, there will be an immigration process involved before you can do this.
What is interesting is the government’s apparent plans to launch an online application process for this, meaning that the applicant will be able to apply without having to physically visit any other UK authority or visa office.
Starting up your own venture enables you to take control of your time and work-life balance. Starting out on your own gives you more freedom, but it also means that you have to do all the hard work yourself! Starting a business has many challenges –so be prepared to digest elements of bureaucracy behind it. However, once it has been set up, you will be able to enjoy the rewards of your hard work. Starting a business in the UK might be daunting, but it is an exciting and worthwhile experience that will teach you a lot and also allow you to develop valuable skills for future jobs or ventures.
Always remember, it doesn’t matter how large or small your business is; before making any moves, please do seek legal advice from a lawyer or solicitor. Also, don’t forget to meet with a tax consultant, so you are aware of your tax obligations in the UK.
The first step of starting a business usually involves: choosing the correct legal entity for your business, getting all the necessary paperwork done and finally registering with Companies House. Starting a corporation or limited by shares company is an excellent idea if you intend to make money from your new venture. Another way of doing this is to form a limited liability partnership.
Choosing the correct legal entity for your business can be important as it can affect the tax status of your new venture, how much money you have to invest and even how many people you hire. Starting a sole trader is an easy way of getting started, but this type of company does not provide any protection if something goes wrong or if someone tries to sue you. Starting a partnership business does provide some protection, but you must have at least two people, and this option also requires that one of the partners be actively involved in all transactions. Starting a limited liability company is a great way for you to separate your personal assets from those of the business, and it can help you attract investors who would otherwise not want to risk and can guarantee you more safety in the future.