🇬🇧United Kingdom · Outside the EUSame-day registration · no capital requirement
Setting up a Ltd company in the UK — same-day registration, strong payment infrastructure
The UK is the fastest, lowest-cost way to set up a company abroad: there's no capital requirement, registration finishes the same day, and Stripe and PayPal work from day one. On the other hand, since 18 November 2025 identity verification has been mandatory for directors, and company information is public. This page covers both sides.
Answer five questions to see how well your payment infrastructure needs, customer base and profit plans fit the UK. If it is not a fit, we tell you which country is a better match.
Question 1 / 5
Where are most of your customers?
The UK is strong in global and Anglo-Saxon markets, but since Brexit it is outside the EU.
No contact details needed
Your result will appear here
£Is the UK right for you?An assessment based on your payment infrastructure, customer base and privacy expectations.
✓What will be easy and hard for youNot a generic list; only the advantages and watch-outs that apply to your profile.
→Next stepA quote if it fits, otherwise which country is a better match.
UK company formation price
Know what you will pay before you start. The formation package is a one-off fee; a legal address is a legal requirement, and you add other services as you need them.
Formation package · one-off
Ltd company formation
249 £
✓Limited company formation
✓Company name availability check
✓Memorandum and articles of association
✓Authentication code
✓UTR application tracking
✓Basic banking and payment consulting
1-year legal addressLegal requirement200 £
Mail forwardingLegal requirement0 £
Bank account application supportLegal requirement0 £
Starting total549 £
The total includes a £100 official fee (Companies House registration and identity verification).
12-month accountingRecommendedAnnual accounts and filing support750 £yearly
Stripe / PayPal application supportRecommendedPayment system account preparation220 £one-off
VAT registration applicationEligibility check and registration process250 £one-off
From the second yearLegal address + 12 months of accounting. The formation fee is not charged again.1.100 £ / year
The most important change to know about in 2026
Companies House identity verification is now mandatory
Under the Economic Crime and Corporate Transparency Act (ECCTA 2023), as of 18 November 2025 all directors and persons with significant control (PSCs) of UK companies must verify their identity with Companies House. This applies to everyone, whether or not they live in the UK. Without verification, a new director can't be appointed — so a new company can't be formed either.
Who
Directors and PSCs
All directors, plus anyone who owns more than 25% of the company or otherwise controls it. Living in the UK isn't required — the obligation is the same for everyone.
When
For new appointments, before the appointment
Anyone appointed after 18 November 2025 must complete verification beforehand. For existing directors, the deadline depends on the company's next confirmation statement; the final cut-off is 18 November 2026.
How
There are three routes
Online via GOV.UK One Login, in person at a Post Office branch in the UK, or through an Authorised Corporate Service Provider (ACSP). From abroad, the third route is the most practical.
Result
Personal code
Once verification is complete, you're issued a personal code. This code is reported to Companies House separately for every company and every role.
If verification isn't done
✓The annual confirmation statement can't be filed; the company becomes unable to file.
✓You cannot be appointed as a director of new companies.
✓Fines and a director disqualification can follow.
✓The company can be struck off the Companies House register.
We carry out the identity verification on your behalf, obtain your personal code, and add it to the incorporation application. If you already have a UK company, we also check your verification deadline.Get identity verification support
The UK or another country? Comparison table
The four countries we compare the UK with most often. Click a column header to go to that country’s page.
Both are strong on payment infrastructure. If you sell to US clients, an LLC causes less friction; if you sell globally and mostly in Europe, a Ltd does.
The UK or Hungary?
The UK starts fast and cheap but is outside the EU. If your clients are mostly EU companies, Hungary’s EU VAT number becomes decisive.
The UK or Georgia?
Georgia has the lower tax burden and is formed in 5 business days; the UK leads on payment infrastructure and corporate image. If you sell to global clients, choose a Ltd; if cost is your priority, Georgia.
Incorporation process: registration is same-day
Companies House registration really does finish the same day. What determines the overall timeline is the identity verification before it and the banking stage after it.
StageWhat happensDuration
Preliminary stepIdentity verificationDirectors and PSCs complete Companies House verification and obtain their personal code. Without this step, the registration application can't be filed.1–3 days1–3 days
Day 0Structure and name decisionName availability is checked; the activity code (SIC), shareholding structure, and director and PSC details are determined.Same daySame day
Day 0Registered address and emailA suitable UK address able to accept service is set up; the Companies House registered email address is submitted.Same daySame day
Day 0–1Companies House registrationThe incorporation application is filed electronically; the company number and certificate of incorporation usually arrive the same day.Same daySame day
Day 1–5Tax registrationsCorporation tax registration is completed; VAT registration is added if the threshold is met or needed, and PAYE registration if there's staff.2–5 days2–5 days
Week 1–4Banking and accountingA bank or e-money institution account is opened; an accounting agreement is signed and a filing calendar is set up.2–4 weeks2–4 weeks
Documents needed
Passport
Required for all directors and persons with significant control; also used in identity verification.
Proof of address
A utility bill or bank statement issued within the last 3 months; address history may be requested.
Company name and activity
2–3 alternative company names, plus the SIC code describing the business activity.
Shareholding structure
Number of shareholders, share count, and allocation; PSC status is determined from this.
Tax and annual obligations
Corporate tax in the UK isn't a single flat rate — it's tiered by profit. VAT registration isn't mandatory unless the turnover threshold is exceeded, which is a real advantage for new companies.
ItemRate / thresholdNote
Corporate tax (small profits)19%Applies to profit up to £50,000.
Corporate tax (main rate)25%Applies to profit above £250,000; marginal relief applies in between.
VAT (standard rate)20%Reduced-rate and zero-rated goods and services also exist.
VAT registration threshold£90,000Registration isn't mandatory below the threshold; voluntary registration is possible.
Profit distributionCase by caseThe shareholder's country of residence and the relevant double-tax treaty are decisive.
Minimum capitalNoneA company can be formed with a single £1 share.
Annual calendar
◆Annual accounts are filed with Companies House; even with no activity, dormant accounts are required.
◆The confirmation statement is filed once a year; it can't be filed if director verification is missing.
◆The corporation tax return (CT600) is filed with HMRC and paid after the end of the accounting period.
◆If VAT-registered, periodic VAT returns are filed; if there's staff, PAYE submissions are filed monthly.
Don't skip the Turkey side
Full taxpayers resident in Turkey are required to declare profit distributions received from a foreign company. Controlled foreign company rules can also make the earnings taxable in Turkey under certain conditions.
A summary of what we cover in the first half hour of consultation.
The right choice
✓New ventures that want to start fast without tying up capital.
✓Business models built on Stripe that sell digital products, SaaS, and subscriptions.
✓Consulting firms selling to global clients that want a recognisable corporate structure.
✓Teams whose first-year turnover will stay below the VAT threshold and who want to keep the administrative burden low.
Look at another country
✕Companies selling goods to EU corporate customers that need an EU VAT number and a reverse-charge setup.
✕Those who don't want their company information public — the Companies House register is open to everyone.
✕Structures that insist on a traditional bank account and won't accept e-money institutions.
✕Ventures that can't keep up with filing discipline and will set up and forget — even a dormant company accrues penalties.
Frequently asked questions about UK company formation
Organized into six topics: incorporation, identity verification, banking, tax, e-commerce, and the Turkey side. Pick a topic or search directly.
29 questions
Yes. Setting up a company in the UK has no citizenship or residency requirement. Directors and shareholders don't need to live in the UK; the company can be formed and run entirely from abroad. However, all directors and persons with significant control must complete Companies House identity verification.
The Private Limited Company, or Ltd for short. Shareholders' liability is limited to their shares, it can be formed by a single person, and its annual obligations are predictable. An LLP, by contrast, suits partnership-based professional groups; a PLC is for publicly listed companies and isn't suitable for small businesses.
Yes. The same person can be the sole shareholder and sole director. Appointing a company secretary isn't mandatory for Ltd companies. This is the most common setup for solo consultants, developers, and e-commerce entrepreneurs.
No. There's no statutory minimum capital for Ltd companies; a company can be formed with a single £1 share. In practice, round numbers like 100 or 1,000 shares are preferred, since it makes future division easier if you're planning to bring in a shareholder or transfer shares later.
Companies House registration is usually completed the same day once your documents and identity verification are ready. What actually determines the timeline isn't the registration itself, but two other things: the directors' identity verification beforehand and the bank account opening afterward. A realistic total timeline, for an application with verification already done, is 1 business day — or 2–4 weeks including the account.
The name can't be identical or too similar to an existing company's, and it must end with 'limited' or 'ltd'. Sensitive words such as 'bank', 'royal', or 'institute' need separate permission. Registering the name on the companies register doesn't give you trademark protection — you need to register your trademark separately.
Yes. The company must have a registered address in the UK that qualifies as an 'appropriate address' able to actually accept service. PO box addresses alone aren't accepted. A registered email address for correspondence with Companies House must also be provided.
Companies with no activity and no debts can apply for voluntary strike-off; the process takes a few months. Before closing, you need to file final accounts, close the VAT and PAYE registrations, and empty the bank account balance — any money left in the account after the company is struck off passes to the Crown.
It's a requirement introduced under the Economic Crime and Corporate Transparency Act (ECCTA 2023) to confirm the real identity of anyone who runs or controls a company. As of 18 November 2025 it applies to all directors and persons with significant control (PSCs); it makes no difference whether or not they live in the UK.
No. Directors appointed after 18 November 2025 must complete identity verification and obtain their personal code before the appointment. Without this code, the appointment application isn't considered valid, so a new company can't be registered either.
There are three routes: online verification via GOV.UK One Login, in-person verification at a Post Office branch in the UK offering this service, or verification through an Authorised Corporate Service Provider (ACSP). For people living abroad, going through an ACSP is usually the most practical route.
Yes. Directors and PSCs appointed before 18 November 2025 get a transition period; verification is tied to the company's next annual confirmation statement date. The transition period ends on 18 November 2026, but most companies end up having to verify before that date because of their confirmation statement.
Directors without verification can't file the annual confirmation statement and can't be appointed to new companies. Companies House treats this as an offence; fines, director disqualification, and the company being struck off the register can all follow. No extra time is granted beyond the end of the transition period.
Yes. The Companies House register is public: the company name, registered address, director names, month and year of birth, shareholding structure, and financial filings can all be viewed by anyone, free of charge. That's why it matters not to use your home address as the registered address — a service address is used instead.
Traditional high-street banks often require a branch interview or UK residency from directors living abroad. E-money institutions like Wise, Revolut Business, and Tide, by contrast, offer fast, fully remote account opening; in practice, most companies formed from Turkey take this route.
Yes, and this is the UK's strongest point. Stripe, PayPal, Paddle, Payoneer, and similar providers support UK companies directly, with high acceptance rates. That said, every provider runs its own compliance review, so your website, product descriptions, and refund policy need to be consistent.
You can wire funds to your foreign-currency account in Turkey through payment institutions. The critical issue here isn't technical — it's tax-related: whether the payment from the company to you is salary, a profit distribution, or a loan needs to be defined upfront, and your declaration obligation in Turkey needs to be planned accordingly.
A rejection is recorded against you and makes a second application to the same institution harder. That's why, before applying, we prepare your activity description, website, evidence of customers, and expected transaction volume, and choose the institution to match your profile. If you're rejected, we redirect you to an alternative institution.
Corporate tax isn't a single flat rate. The small profits rate of 19% applies to profit up to £50,000, and the main rate of 25% applies above £250,000. Profit between the two thresholds gets marginal relief, so the effective rate ends up somewhere between 19% and 25%.
VAT registration isn't mandatory unless your taxable turnover exceeds the annual VAT registration threshold (£90,000). You can register voluntarily below the threshold, and companies that want to reclaim input VAT or care about corporate-customer perception often choose to do so. The standard VAT rate is 20%.
Every year, annual accounts and a confirmation statement are filed with Companies House, and a corporation tax return (CT600) is filed with HMRC. If VAT-registered, periodic VAT returns are added, and if there's staff, PAYE submissions too. Even companies with no activity must file dormant accounts.
Filings are submitted in English through HMRC's and Companies House's electronic systems; Making Tax Digital rules require compliant software for certain filings. Your accountant in Turkey can't use these systems. You send over the documents, a UK-based accountant handles the bookkeeping and filing, and we provide the coordination and reporting in Turkish.
Yes. Even if no transactions have taken place, the company must file dormant accounts and a confirmation statement. The most common mistake is a company that's set up and forgotten, failing to file, racking up penalties, and leaving a negative mark against the director.
Yes, but the UK is now outside the EU. Your EU customers see you as a third-country supplier; selling goods brings customs declarations and import VAT into play. For services, the reverse-charge mechanism generally applies instead. If your customer base is EU-heavy, an EU company like a Hungarian one should be considered as a comparison.
Yes. A UK company can sell through Amazon UK, Etsy, eBay, and its own store; access to payment infrastructure is easy. If products are held in warehouses in EU countries, additional VAT registration and local filing obligations can arise in those countries.
If you'll be importing or exporting physical goods through the UK, you need an EORI number starting with GB. Companies that sell only digital services don't need an EORI number. If you're also shipping goods to the EU, an EU EORI number can come into play as well.
The company owner or director can live in Turkey and run operations remotely. However, if the company's actual place of management ends up being in Turkey — with staff and an office there — it can create a risk of the company also being treated as a taxpayer in Turkey. This is something to assess before the structure is set up.
A person who is a full taxpayer in Turkey must declare any profit distribution received from a foreign company there. Controlled foreign company rules can also, under certain conditions, lead to the earnings being taxed in Turkey. The double-taxation treaty between Turkey and the UK is taken into account in this assessment.
No. Being a company owner or director doesn't grant the right to work or reside in the UK. Anyone who wants to live in the UK must apply separately for the appropriate visa category; company ownership alone isn't sufficient grounds for that application.
The UK or another country — let's decide together
Tell us about your business, where your customers are, and what you plan to do with the profit; we'll tell you, free of charge, which country and structure fits. It's an elimination conversation, not a sales pitch.
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