Forming a Corporation – Company Incorporation – Company Foundation – Formation of Company
Starting an English Company should start with the name of the company.
What will the company name be? What will be the ending of the company name? LTD.? LIMITED, or maybe LTD?
Do you already know what the business of the company will be? What will the company do? Who will be the owners? Who will be the director? Who and what percentage will be involved in the company?
Once these questions have a definite answer, the company can be set up.
In many cases, it will take just one day to incorporate and register a company, and all you need is: identification documents, the name and type of company, a registered office address in England (Registered Office Address) and a definition of the share capital. The latter is registered in the form of shares, with the capital value, number of shares and nominal value. The share capital is public data which can be accessed by anyone, so business partners can see it, and although a UK Ltd can be formed for as little as £1.00, bear in mind that a UK company formed for £1.00 or £10.00 may appear frivolous to customers…
Due to the above, we recommend that the LTD to be set up should start from at least £100.
Determining the ownership structure is also an essential part of company formation. No LTD or RT can operate in Hungary without an owner and director, and the same applies to companies in England. An English company (LTD) can be formed by up to 1 person!
The owner has no say in the management and day-to-day affairs of the company, he/she merely owns the shares of the company. Of course, a company can have several owners, in different proportions. For ease of calculation, 1 share is usually registered at £1 par value, so that anyone who owns 50 shares out of 100 owns half of the company. The amount of capital can be adjusted later, and there are no restrictions on this either.
The director, i.e. the director, is responsible for the company’s activities with all its assets. He/she opens a bank account for the company (this can usually only be done in person, but the owner must be present when the account is opened) and his/her name will also appear on the company’s bank card. The director has access to the company bank account, the owner does not.
There is no stipulation as to the identity of the secretary. A secretary may be appointed to the company but is not compulsory.
Specify scope of activities
The fields of activity are listed and can be found at https://siccodesupport.co.uk. To set up an English LTD, at least one activity must be selected, but only a maximum of four codes can be entered at the time of incorporation. If the planning activity of the company changes or expands over time, it must be changed to an appropriate code. No deviation from the 4 activities is allowed.
There are currently three locations in the UK,
- Doncaster and
Company formation packages in Leeds include the package fee, but if you wish to form your company in a different location, you will need to provide proof of identity and address for the London address in addition to the extra fee. This can be done by providing a copy of an English driving licence and/or passport, or a copy of a utility bill or telephone bill received at the address. If you do not have an English address and a utility bill for an English address, you can order our Address service under the Services link in the menu above, or, if not, a Hungarian address certificate is fine, as long as a notarised copy of it is uploaded. If neither of these options is possible, please select the (suggested) Leeds or Doncaster address where it is not necessary to upload these certificates.
Business start-up packages
Our English Company Formation Packages are designed to make it cheaper to form a company as a package than buying the services separately. This helps us encourage companies to choose the package that best suits their business when setting up. As it is not compulsory to buy everything at once up front, when the time comes in the life of the company when it needs to register for one of the services, it can buy the services separately.
If you look at the price table, you will see that it has been put together in the order in which the company formation service is required, which means that in principle our customers are most interested in company formation, followed by Paye registration, then at the same time data protection registration, VAT registration, Apostille and then GDPR.
When selecting the company formation package, you also have the option to select the additional services that are important to you at the time, as an extra item in the additional services section of the company formation form, after selecting the basic package. For example, in the case of a UK company formation where the EU is the primary target market, the GDPR regulation is also required, so you can order the GDPR at the same time as the company formation after selecting the first package, so you don’t have to pay extra for services you don’t currently need.
To set up an English company, you need to take the following steps:
- Choose the right company formation package
- Fill in the company formation form
- After submitting the form, you will be redirected to Symfalogic Corporation’s Webshop (https://symfalogic.com/store/English-Company-Formation/) where, after selecting the incorporation package again, you will be guided through the payment process.
- You will then receive a confirmation email to verify that you have entered the correct information in the form. (no errors, typos, etc.) If so, please report it immediately to the following email address: firstname.lastname@example.org
If you have any questions, please send them to us at the following address:
The incorporation process starts on the day of the order (except for Friday afternoon, in which case the company will only be registered on Monday.
On the following day, your company will have the right to trade.
The UK is waiting for you! – Start a UK company,
and ask us for help with all your company formation needs! We look forward to hearing from you as soon as possible on any of our contact numbers!
Phone: +44 (0) 1357 – 340 – 000
Email address: email@example.com
Skype: Symfalogic Corporation
Choose the startup package that’s right for you: