Company Formation in the UK from the United Arab Emirates
Communication Team
Communication Team

November 25, 2022

Share

Company Formation in the UK from the United Arab Emirates

Company Formation in the UK from the United Arab Emirates

If you live in the United Arab Emirates and want to expand your business in Europe, this content is for you. Let us share with you all the information you need to establish a company in Europe.

Invest in the UK from the UAE

The United Arab Emirates is a country where entrepreneurship is alive and well. There is a strong motivation to take business across borders and to explore other markers. UAE entrepreneurs and business owners, as is true in most places, are generally interested in taking advantage of the market in the UK. So, if you’re in the UAE and you want to invest in the UK, here are some of the procedures you’ll need to follow:

Have a business plan

To start, every business needs a business plan. A good business plan consists of:

  • Setting your goals
  • Defining your target market
  • Listing your competitors
  • Estimating how much funding or investment you need to get started and grow the business.

Think about what you want to achieve, who you want to sell to, and how much money you'll need.

Register your UK company

The next step is registering your company in the UK. This is also known as incorporation. A legal entity has to be created when starting an enterprise in any country. The main step involved in formation of an LLC (Limited Liability Company) is to obtain a Certificate of Incorporation from Companies House. This certificate will allow you only to use "Limited" as part of your company title and not any word like Limited Liability Company (LLC)...

Company Types

There are three different types of companies that you can choose from:

  • Limited company – A limited company is the most common form of business in the UK. You will need to pay a registration fee, which varies according to the number of employees working in your company and whether or not it is VAT registered.
  • Private limited company – This type of entity provides limited liability protection to its members/shareholders and allows you to raise capital through issuing shares, which means that each person putting money into your business becomes an owner who has rights over their shareholding. This kind of structure allows you some flexibility when raising funds because investors can buy shares at different prices depending on how much they want them; however, there are restrictions placed on buying and selling these shares if you do decide this route instead of raising funds using loans from banks or other financial institutions (such as venture capitalists).
  • Public limited company (PLC) – With this structure, shareholders are protected by law under corporations legislation against personal bankruptcy resulting from losses incurred during any period when they held shares but did not meet their obligations as directors.

At wamo we’ve introduced a company incorporation service as part of our business in a box package. It’s possible to create a UK company, registered with Companies House, from the wamo app and website. Registration is fast and easy, you also have the option of a virtual office address and, most importantly, you get to open a business bank account for your new company at the same time.

Go to: wamo Connect, UK company formation from anywhere

A word about your business name

A business name is a legal entity that represents your company. It can be anything you want it to be and will help people identify what your business does, who it's run by, and contact information. You may also choose a brand name or tagline to represent your business.

When choosing a name, make sure it's not already trademarked by another company in your industry or registered with Companies House. We recommend having another person check over this before registering as this can save you time and money later on down the line if there are any issues arising from using another company's intellectual property rights (IPR).

Once you've decided on an appropriate name for your UAE based limited liability partnership (LLP) or overseas limited liability partnership (OLLP), register it with Companies House via their online portal here: https://www.companieshouseonline/newcompany/.

When you register your company with wamo, a name search is automatically done so that you will know whether the name is available or not.

It’s official!

When you register your business, you will get a certificate of incorporation. This certificate will contain all the necessary information about your business that includes:

  • Business name
  • Address of registered office (with wamo you can request a virtual office address)
  • Shareholder information including names and addresses, allotment details and share capital (if applicable).

Build your company in the UK in just 2 days

If you’re ready to take the exciting leap of growing into the burgeoning UK market, wamo makes it easy for you. Registration is fast and easy and the processing time for your company formation and business account is just 48 hours. Ready for business - visit wamo Connect to learn more.

Wamo.Io LTD incorporated and registered in the United Kingdom under the company registration number 12352849 and the operational office of which is at WeWork, 199 Bishopgate, London EC2M 3TY. Wamo.Io LTD (Firm Reference Number 922901) is an EMD agent of PayrNet Ltd which is an Electronic Money Institution authorised by the FCA under the Electronic Money Regulations 2011 (EMR’s) with Firm Reference Number 900594.

Wamo Solutions Ltd is registered under the Laws of Malta with company registration number C97355 and registered office at Dragonara Business Centre, 5th Floor, Dragonara Road, St. Julians STJ 3141, Malta. Wamo Solutions Ltd is an EMD agent of UAB “PAYRNET” which is authorised by the Bank of Lithuania under the Law on Electronic Money and Electronic Money Institutions (authorization code LB001994, license reference 72).

The wamo card is issued pursuant to licence from Visa. UK issuance is conducted by PayrNet Ltd and EU issuance is conducted by UAB PayrNet. wamo operates the wamo.io website and the app. wamo is not a bank, the current account is an e-money account. Issuance of Electronic Money and payment services is provided by PayrNet Limited. The Financial Services Compensation Scheme does not cover electronic money products. No other compensation scheme exists to cover losses from your electronic money account. Your funds will be safeguarded in one or more segregated bank accounts with a regulated third party credit institution and not lent out, which gives you protection against insolvency, in accordance with the provisions of the Electronic Money Regulations 2011.

© wamo 2022, all rights reserved wamo & the wamo logo are trademarks and trade names of wamo technology Limited and may not be used or reproduced consent of the owner