26th January 2010 by NickWis

Company Incorporation: What do I Need to Consider if I am a Non UK Resident and a Director of a UK Limited Company?

Company RegistrationIf you are a non UK resident you can still incorporate a company and become a director of a UK limited company. However there are some factors to consider:

Registered Office Address

It is necessary when forming a UK limited company to have a UK registered office address. If you are non-UK resident, you may not have a suitable address to use for your company. A solution to this may be to use a professional registered office service, whereby you use the registered office address of an agent who will forward your post to you.  The best registered office services will include all statutory mail forwarding within the annual fee.

Bank Account

It may be more difficult for you to set up a bank account for your new company if you live overseas. This problem can be solved if you use a formation agent that automatically refers your details to a bank.  This is because in a lot of cases you may only need to go into a local branch of the bank to sign the papers required, rather than go through the whole application process with the added difficulty that you are outside the UK.

Company Secretary

It is important to ensure that your company is compliant with company law and its filing responsibilities. Living overseas can make this more difficult as the law will often differ and you may not be aware of the requirements in the UK. Using a professional company secretary is often beneficial as they will be able to help you to stay compliant and make sure that you file the necessary documents at the appropriate time.

You can begin your online company formation here: http://www.wisteriaformations.co.uk/uk_company_registration