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register an overseas company

Register an overseas company

16 May 2024

An overseas company must register with Companies House if they want to set up a place of business in the UK. This would mean that the overseas company has a physical presence in the UK through which it carries on business.

Overseas companies need to register with Companies House to set up a UK business. This implies they have a UK physical presence for business operations.

Overseas companies without a UK physical presence usually don’t need to register with Companies House. For instance, an independent agent conducting business for an overseas company doesn’t constitute a UK physical presence. The same applies to occasional locations like hotels used by overseas company directors during UK visits.

Overseas businesses required to register must submit an OS IN01 form and pay a £71 registration fee to Companies House. First-time UK registrants must also provide a certified copy of their constitutional documents and their latest accounts (with a certified English translation if necessary).

Foreign businesses can register under their corporate name or an alternative UK business name.

Once registered, the foreign entity must notify Companies House of any changes to the registered details. This includes changes in the company’s name, address, or constitutional documents. Regular updates ensure the company’s information remains accurate and up-to-date, fostering transparency and trust in its UK operations. Failure to comply with these requirements may result in penalties. Thus, maintaining accurate records is crucial for overseas companies operating in the UK.

In addition to maintaining accurate records, overseas entities must also adhere to UK laws and regulations. This includes tax obligations, employment laws, and industry-specific regulations. It’s advisable for overseas companies to seek local legal and financial advice to ensure compliance. Non-compliance can lead to legal issues and damage the company’s reputation. Therefore, understanding and following UK laws is as important as maintaining up-to-date records for overseas companies operating in the UK.

Source: Companies House Tue, 14 May 2024 00:00:00 +0100

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