Need a business in the UK? Get a UK business up and running from anywhere, easily.
Communication Team
Communication Team

November 09, 2022

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Need a business in the UK? Get a UK business up and running from anywhere, easily.

Starting a business in the UK is an exciting experience. The country has long been considered one of the best places to start a business, so if you are planning on opening up your own venture soon, here’s everything you need to know before making taking the leap.

The UK is one of the most popular countries for starting a business.

The UK is one of the most popular countries for starting a business. It has been ranked by Forbes as the best country for business for six consecutive years, and its growing startup scene continues to attract entrepreneurs from across the globe. Despite the economic hardships created by Brexit, it continues to enjoy a welcoming atmosphere for entrepreneurs and innovators across the globe.

The UK is an ideal location for investing in and doing business with because it has:

  • A well-established legal system based on common law from England and Wales
  • An independent central bank that sets monetary policy; interest rates are raised when inflation goes too high (above 2%) or lowered when it goes too low (below 1%).

Despite the economic hardships created by Brexit, it continues to enjoy a welcoming atmosphere for entrepreneurs and innovators across the globe.

The UK is one of the most popular destinations for immigrants in Europe. Its strong economy makes it an attractive place for foreign investment. There are many opportunities for international businesses looking to expand or relocate their operations to this part of the world.

The British have a lot of experience in setting up new ventures and are known for being excellent at innovation. The legal system also provides strong protection on intellectual property rights which can help protect your business from competitors who may try to take advantage of your ideas or products without paying you any compensation.

Read: Hassle-free Company Formation in the UK with a business bank account, from anywhere

The UK government has made it easy to start and to thrive

The UK government has made it easy and fast to start a business by attempting to minimise, where possible, procedures and regulations that need to be followed. You do not have to have a physical presence in the UK to register your company, only one director is required and you can incorporate a company at speed, in some cases in less than 24 hours.

The state also offers investors a wide range of business opportunities and support throughout the whole process - from company registration to taxation and so on.

In addition, the UK government invests heavily in research and development at various institutions, universities and organisations across the country. This ensures that businesses have access to some of the best minds available in technology and science, helping them stay ahead of their competition in terms of innovation.

When opening a company in the UK, you will have to choose the type and location of your enterprise first

To open a company in the UK, you will have to choose the type of business you want to open and then find an appropriate location for your enterprise.

There are many types of companies you can start when opening a business in the UK, including:

  • Ltd company (limited liability) - The most common kind of company structure available. This structure may be appropriate for small businesses with shareholders who want limited personal liability protection against debts incurred by the company. It also allows more than one director if desired (such as when two people run a freelance writing agency).
  • Ltd partnership - Partnerships are not limited to only two individuals but instead include any number of partners who share ownership equally within this business model; however each partner has unlimited liability for all debts incurred by their partners during or after dissolution of their partnership agreement which could result in bankruptcy or foreclosure if too much money is owed back taxes etc..

The next step is to get your finances organised - including investments, funding and bank accounts

You will need to get your financials organised before you can open a business in UK. As for opening a business anywhere, your finances will need to be in order from the start of your business creation process. One of the most important steps is to open a business bank account. This can be tricky as a non-resident, which is why wamo has worked hard at making it easy. You can now create a registered UK company via the wamo app and open a business account, both at the same time.

Finally, you will need to register your company with Companies House and HM Revenue Customs (HMRC).

Finally, you will need to register your company with Companies House and HM Revenue Customs (HMRC).

To do this, you will need to fill in an application form, pay a fee and provide the relevant documents. This includes providing the address of your business, the names of directors and other officers.

Again, wamo makes this easy. You can go through the company formation process through the wamo app and wamo will submit your application to Companies House. You’ll then go on to register for a wamo business account. This makes it possible for you to have both a registered UK company and a business account set up within 48 hours!

Expanding your business into the UK is an easy opportunity not to be missed!

As a business owner, you want to be sure that you're making the right move. It is important to remember that there are many countries out there with great opportunities for entrepreneurs and innovators alike. However, some countries do stand out over others in terms of quality of life and business-friendly conditions. The UK is one such place.

If you’ve been thinking about starting a business in the UK, now is as good a time as any. There are many reasons why it’s such an attractive place for entrepreneurs to set up shop, including its welcoming atmosphere and excellent tax system which ensures that profits are kept within the country rather than being exported overseas.

If you’re a non-resident and thinking about starting a new business in the UK market or expanding your current business to the UK, there’s no time like the present. wamo is here to make it as easy as possible for you. We know that it can be a bit daunting, but it’s also exciting. We strive to be more than just a business account, we’ll be with you every step of the way. To learn more about our customer service values and how to get in touch, go here.

Ready to download wamo business and get started? Download the app from Google Play or the App Store, Registration for both company formation and a business account is fast and easy.

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