Business Start-ups

Setting Up A Business From Overseas

If you live overseas but want to setting up a trading operation in the UK, there are some essentials you should know before you begin.

Once you establish a place of business in the UK, you can fall foul of the Inland Revenue regulations on trading as a branch which means that you become liable to UK corporation tax. A branch operation can also bring with it a number of administrative requirements, particularly the filing of accounts with the Registrar of Companies.

There are alternatives to help simplify the administrative requirement, although tax advice is needed to determine whether this is the most tax efficient vehicle for your operation.

Whilst the UK readily accepts overseas businesses for trading purposes, it is a relatively highly regulated business environment and there are now stringent controls for setting up bank accounts and identifying the owners of the business, which you should be aware of. Harris Lipman’s experts can advise you on your options to ensure you don’t fall foul of tax law. We are experienced in advising on and setting up branches and companies on behalf of overseas parent companies.

In addition, we would be pleased to deal with your initial accounting requirements and also refer you to other professionals who are able to deal with matters such as employment law.

For more information on how Harris Lipman can help, please email InfoAccounts@harris-lipman.co.uk or call (020) 8446 9000.

 

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