Starting up a NI limited company can feel like an exciting task if you are a non-UK resident. Luckily, we at Fast Form Online can provide you with the right business development guidance and tailored FDI concierge to get you on your way to forming a NI company online. We have also listed some important points which will help guide you along the process before registering your business.
3 key points I need to consider before registering my business?
1. Name of the business – Every business must have a unique name so please be careful when choosing a name which may sound similar to a competitor.
2. Northern Irish office address – The business address you choose must be a NI-based address and be in the same country to which your business is registered in.
3. Director’s information – There has to be at least one person over 16 responsible for overseeing the company. They do not have to be a UK resident.
At Fast Form Online we provide a non-residents package, ideal for international clients based anywhere across the globe and who wish to form a Northern Irish based company. This includes digital copies of your company incorporation documents, digital copies of your Memorandum & Articles of Association, VAT registration and much more. You will also be given access to our leading company formation admin portal, which allows you to manage your company online.
Once the registration process starts, it will proceed to register the name of the business, NI address and director’s information. There are also some important next steps to take into account which are listed below:
1. Issuing shares in the company – If you decide to start a limited by shares business, you must have at least one shareholder. It is also important to note this can be the directors involved in the business.
2. Create a memorandum of association – This is a legal statement signed by all initial shareholders who have agreed to start the business. The business may also publish articles of association which are written rules regarding how the business will be run. This will often be agreed by the shareholders, directors and the company secretary of the business.
3. Register as a limited company – You can register your business with ourselves at Fast Form Online.
4. Register for corporation tax – You can register online for Corporation Tax and PAYE together with registering your business using Fast Form Online. However, you must register for Corporation Tax within 3 months of trading. Before we can complete the registration process, there will be a Unique Tax Reference posted to your business address. If you are interested in setting up VAT for your busines, please take a look at our VAT registration page on our website for more information.
5. File Tax return – You will need to file and report your business’s tax return every year on the date specified. This information can be carried out by yourself or we can help introduce you to a chartered accountant.
6. Setup a UK bank account for your business – This can be a long process but there may be a way around this if you decide to setup a bank account in a country outside of the UK. However, we do offer assistance with this if you decide to register your business at Fast Form Online.
The non-residents package costs £69.99 plus VAT and includes:
• Company house fee
• Digital Certificate of Incorporation
• Digital Memorandum & Articles of Association
• Digital Share Certificate(s)
• Company Register with First Entries
• Minutes of First Board Meeting
• VAT registration
• Confirmation Statement Filing
• £50 Printing Voucher with our partner Get Print
• Business advisory appointment
• Online customer portal to help manage business
If you have any questions about our non-residents package please contact us at [email protected] for more information.