The UK is a stable European country with centuries-old traditions, an excellent reputation, strict requirements for compliance with laws and double taxation agreements signed with other countries. Entrepreneurs want to buy a company in England. After all, doing business in this country guarantees an open road to the EU-market and trust from partners and clients. Below we will look at the main features and characteristics of the process of acquiring a ready-made business solution in Britain, as well as what help an investor may need along this path.
Our company is specialized experts in the field of establishment and licensing of commercial projects. We have a huge list of ready-made companies with bank account for acquisition. Our goal is to provide you with an effective commercial future.
The concept of acquiring a ready-made company in UK for business expansion
This jurisdiction is not inherently offshore, however, in some cases, companies may not pay taxes at all. To do this, you need to be a non-resident and conduct business outside the UK.
We can distinguish the next-mentioned legal forms.
- LP. At least two partners, one of whom is general. He bears full responsibility for the activities of the company. Such structures do not pay taxes, can use a nominee service and do not disclose information on beneficiaries.
- LLP. It has two or more founders. The partnership address must be in the UK. Can also be tax free.
- LTD. This is a fully fledged company that can operate in the UK and conduct cross-border business.
Additionally, within the framework of the regulatory and regulatory framework, the following can be highlighted:
- United Kingdom has signed agreements with 140 countries on the avoidance of double taxation;
- if the turnover is more than 83,000 pounds, registration of a VAT number is mandatory. The standard VAT rate in the country is 20%;
- UK is a jurisdiction that is not considered offshore in the world; purchasing a ready-made structure will not be a stain on business reputation;
- UK-companies will help reduce tax pressure if partnerships from tax-free areas are included in the scheme.
Advantages of ready firm acquisition in the UK
- Prestige of the jurisdiction. An English “home port” for business will not hinder, but contribute to your commercial success. The company, registered in one of the world’s financial centers, commands the respect of suppliers and partners.
- Stability. This term hides the inviolability of the political system, as well as a large margin of safety of the British economy. Combined with the high exchange rate of the national currency, economic stability allows you not only to work calmly in the present, but also to engage in long-term business planning for the future.
- Tax optimization. The UK currently has double taxation agreements with more than 140 jurisdictions around the world. The peculiarities of corporate and tax legislation in the Kingdom make it possible to significantly reduce the fiscal burden on some types of companies.
- Ease of use. A significant portion of the country’s state budget revenues comes from small and medium-sized businesses. Therefore, the British authorities promote the development of private entrepreneurship:
Thanks to the purchase of a company in England, your goods and service spectrum will quickly reach a large, promising sales market. And your unique experience of working in a highly competitive environment will come in handy more than once in future projects.
Additionally, a shelf company already has access to a valid banking account. This can be a game-changer for your business, especially if you’re looking to get started and grow quickly. Instead of wasting time and effort on setting up a new banking account, you can start accepting payments and performing financial transactions immediately. An existing banking account can also be linked to transaction history, which can improve your creditworthiness and trust with banks and partners. Thus, having a valid banking account with a shelf company provides you with a significant competitive advantage and speeds up the process of developing your business.
Normative points, requirements and general process: negotiating and structuring the deal
It takes approximately 1 business day to register a company and approximately 3 business days to obtain a registration certificate. After this, the documents are sent by courier to Britain. To purchase you need to implement the next-mentioned.
- Contact our specialists.
- Get a consultation on selecting the most suitable business to purchase and make your choice.
- Fill out the application and provide the required documents.
The list of documents includes next-mentioned.
- Organization name (preliminary suitability check).
- Notarized and apostilled copies of passports of shareholders and members of the board (the notary’s certificate must be in English);
- Addresses of place of residence of shareholders/board members.
- Company address in United Kingdom (if you don’t have an address, you can rent an address with our help).
If you have made a decision, then the next step is to choose a business that attracts you. Many national and international publications publish such sales advertisements, and depending on your interests, you can choose a publication with a relevant profile. You can find your professional association online and get detailed information about the type of business you are interested in.
It is important to evaluate the success of the selected business as a whole by analyzing the history of its development, current sales, turnover and profits, financial flows, debt obligations, costs and assets, and also explore the reasons why it is for sale. This should be discussed directly with the seller, existing customers and suppliers, who can provide you with information to help you properly evaluate the business you are interested in. Our specialists will do this for you.
During the due diligence process, you will have enough time to understand exactly what you have purchased; what exactly should be recorded in your business, how much it might cost, and at the same time you have time to assess the need for this action. You should investigate the acquired business in all areas, such as terms of employment, pending litigation, major contracts and orders, availability of computer technology, and so on.
For a successful transaction, you will need to satisfy certain conditions of sale, including verification of financial documents, transfer of leases, transfer of contracts, licenses and finances. Our specialists will accompany you at every stage of the transaction. Contact us in any way convenient for you – we are always in touch.
