OVERSEAS COMPANIES

As an overseas organisation, there’s quite a lot to think about when it comes to setting up a company in the UK.

Here’s the steps:
1. Choose how your company operates (do you want to set up as a private limited company, a sole trader or a partnership?)
2. Provide a name and UK address for the company.
3. Have at least one director and one shareholder.
4. Set up ‘memorandum’ and ‘articles of association’ documents.
5. Incorporate your company online.
6. Open a UK business bank account for your business.

You could spend your time and energy handling this yourself. Or, you could have us do the work for you – ensuring a swift and problem-free process.

Whilst there aren’t any restrictions on overseas owners setting up in the UK, the biggest challenge is accessing banking facilities. With our network of banking relationships, we can offer the following two solutions:

1. Global e-money accounts through foreign exchange specialists.
2. A client account with our bank set up in 1 week.

The usual approach is to initially trade through one of our client bank accounts while we establish your bank account, which can take months, if not years, depending on the global business size.

We can also offer the use of our company office address for registration purposes, and help you find your own address. 

While there is no requirement to have a UK director, it can sometimes be helpful to have a UK-based Director as part of your team; we are happy to provide a UK Director as part of our outsourced Finance Department service. 

As the charity was rapidly growing we needed to improve the financial controls and reporting and then management to ensure we were and remain a well-run and financially knowledgeable organisation. By working with Portt & Co, we achieve this and more. As they are the experts, we don’t have to waste valuable time distracted from our mission as we know they have got our back always.

Knowing the need we had for a highly personal, flexible and credible accounting partner, a contact of ours put us in touch with Matt Portt. Ever since, there has been no reason to look elsewhere. I see Matt and the team as our safety blanket, making sure we never fall foul of the rules and constantly going beyond the call of duty.  I rely on Portt & Co to do what they are experts at, freeing up the time I desperately need to focus on my own expertise and deliver for my clients.