Simple UK Company Formation For Overseas Residents

This package includes maintenance services, international mail forwarding and a prestigious London address to use as your company’s registered office.

Plus the option to open a Wise Business multi-currency account to send and receive international payments and get access to UK account details without a UK address.

International Package

£139
+VAT

Proof of ID

Proof of ID

We have a legal obligation to check Proof of ID and Proof of Address. This is to ensure we comply with Anti-Money Laundering (AML) regulations and 'Know Your Customer' (KYC) requirements. Please check this article to see which documents we can accept.

International Package Renewal

If you wish to continue to use our Registered Office, Service Address and also want us to prepare and file your Confirmation Statement, the international packages have an annual renewal fee of £99.99 plus VAT. For more information about the international renewal, click here.

Please note, the Mail Forwarding service is not included as part of this renewal. The service is provided by our sister company, Virtual Office MadeSimple, and you will receive an email from your Virtual Office account before the service is due to expire. All you need to do is log in to your mail forwarding account to make the renewal payment.

International Package FAQs

Can I set up a UK limited company if I live outside of the UK and if I’m not a UK national?

Yes and yes, just as long as you are 16 or over and not currently declared bankrupt. Your company however, will require a UK Registered Office address.

Is there a renewal fee for this package?

Yes, if you wish to continue to use our Registered Office and Service Address and also want us to prepare and file your Confirmation Statement then this package has a (yearly) renewal fee of £99.99 plus VAT. The Mail Forwarding service is not included as part of this renewal and can be renewed separately.

What is the Registered Office?

This is the official address for your company and where official mail from Companies House and HMRC will be sent. Your company does not need to be based at or trade from this address. The only requirement is that any official mail that is delivered onto the address is then forwarded onto the company director/s.

What if I do not have an address that I can use for the Registered Office?

This package includes our Registered Office Service; this means that you can use our London address as your company’s Registered Office. Any Companies House or HMRC mail that we receive is scanned and emailed straight to you to avoid any delays.

What is a Service Address?

When a company is incorporated, the director and person with significant control must include their residential address and a service address. The service address will be on the public record at Companies House; the residential address will be protected information and is not available to the public (although it is available to some public authorities). Shareholders and secretaries only need to supply one address - a service address.

What if non HMRC / Companies House mail is sent to the Registered Office?

This package also includes our Mail Forwarding Service. This means that we will forward on any other mail that we receive for you or your company, wherever you are in the World, via Royal Mail. The cost of forwarding your mail will be taken from a £20 postage deposit this is included in the package price. When this runs out we will ask you to top it up.

What if I don’t want to use the Registered Office or Mail Forwarding Service?

That’s absolutely fine – there is no obligation to use these services. Please note that price of the package will remain the same though.

How much does it cost to get the Wise Business account?

It’s free to open an account on Wise Business. There’s a one-time fixed fee of £16 (or local currency equivalent) for activating international account details. You can pay via debit or credit card for access to the international account details and there are no other monthly fees apart from the one-time set up fee.

Once activated, you can get unique account details for the UK, US, Eurozone, Australia, New Zealand, Singapore, Canada and Hungary.

There’s also a small, upfront fee whenever you convert between currencies, starting from 0.35% + £0.80 for GBP conversions. More details on pricing can be found here.

How does the account work?

First you'll need to create a free account with our partner Wise. The account will need to be verified by uploading your company details (Companies House registered number and business proof of address) and ID. You may also be asked in a follow up email the actual operating address of your business. Once verified, you can select the currency account you wish to activate.

You can get unique account details for the UK, US, Eurozone, Australia, New Zealand, Singapore, Canada and Hungary (more always being added) which means that you can receive payments in those currencies for free. There is a one-time fixed fee that you can pay via credit or debit card to be able to access your international account details. Once activated, you’ll be able to receive payments, add money to your account via debit card or bank transfer and convert between your currency balances and make payments. You can also set up direct debits for GBP, EUR and USD payments to pay monthly subscription bills for example. For more information on the Wise Business account, view our support article here.

Am I guaranteed a Wise Business account?

Unfortunately, access to Wise Business account details are not available in certain countries or US states. For a list of countries where Wise Business is not available and to check if you’re eligible, view our support article here. There are also certain business activities that Wise Business are not able to onboard such as businesses that deal in the exchange of cryptocurrency, sale of tobacco products etc. Full list provided in the support article.

Is the Wise Business account a bank account?

The Wise Business account is an Electronic Money account and is different from a bank account. The main benefit of using your Wise Business account over traditional bank accounts is that you won’t be charged international transaction fees or outrageous exchange rates. It’s also very convenient for those trying to open an account overseas as a non-resident.

It’s different to a bank account because you won’t be able to get an overdraft or loan, you won’t earn interest on your account. However you can still use your details to receive payments, set up direct debits and make payments to other business accounts, just like a real bank account.

Your money is protected and safeguarded, but not guaranteed by the Financial Services Compensation Scheme (FSCS) that you may get with a bank account.

Wise Business keeps your money in established financial institutions like JP Morgan Chase and Barclays. Where your money is depends on which country your Wise Business account address is in — if your account address in the UK, for example, they keep your money in Barclays, or other financial institutions in the EEA. Because your money is always kept separately from the accounts they use to run Wise Business, it wouldn’t be affected if they were to become insolvent. They’d return all of your money to you. For more information on the account, view our support article here.

Does a Limited Company have any filing obligations?

Yes, a limited company must file Confirmation Statements and annual accounts on a yearly basis. Annual accounts deal with company finances. If at the time of filing annual accounts your company has never traded, we do offer a dormant company accounts service. If your company has traded, we recommend speaking to an accountant. Our tax and banking partners offer online accountancy services and can discuss your requirements.

What is a Confirmation Statement?

A Confirmation Statement is a snapshot of general information about a company's directors, secretary (where one has been appointed), registered office address, shareholders and share capital. Every company must file a Confirmation Statement to Companies House at least once every 12 months. Our International package includes the preparation and filing of your first Confirmation Statement.

How do I receive my incorporation documents?

Once your company has been incorporated please let us know (via [email protected]) if you would like your documents posted and confirm the delivery address. We will then post these documents to you via international tracked mail, regardless of where you live.

 
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Made Simple Group Ltd
www.madesimplegroup.com
Registered office:
20-22 Wenlock Road
London
N1 7GU
United Kingdom
Company number: 04214713
VAT number: GB289462452
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