Setting up in the UK

Advice and accounting services to help overseas companies set up operations in the UK.

Setting up overseas can be a challenging process. The UK has many specific compliance obligations and reporting requirements in terms of taxation and company law. It is therefore important to understand your reasons for pursuing a UK subsidiary. Which of the following is relevant to you?

Setting up a branch/sales office to provide support services to your UK based customers and clients
Appointing an agent, distributor or franchisee
Acquiring an existing company in the UK
Ring fencing your UK sales and operations from the established business for liability purposes
Incentivising UK based employees with shares in a UK company but not the main business
Establishing a UK operation for tax efficiency purposes

Your reasons can then establish whether a UK subsidiary or just a branch is most suitable to your needs. In the case of a subsidiary this will also determine what kind of legal structure the company should take. The following is a guide of how Wellers can help you; however, you need to discuss your needs in more detail to really ascertain the best options available to you.

Company formation

Choosing the right legal entity for your needs and trading purposes
Drawing up the articles of association – a document that details the relationship between the shareholders and the company
Compliance with intrastate – the European Union (EU) system of collecting information from VAT registered traders

Accounting and business services

A fully outsourced accounting service that includes:

Carrying out the bookkeeping function
Preparation of VAT records, management accounts and annual accounts
Delivering management reporting information
Cash flows and forecasts
Budgets
Monitoring Key Performance Indicators
An outsourced payroll function

Company secretarial services

Helping you meet all compliance requirements including:

Maintenance of the companies statutory register
Board/shareholder meeting minutes and requirements
Compliance with the Companies Act 2006
All filings to Companies House

Legal requirements

Advice and assistance with legal matters such as:

Employment legislation
Anti-bribery rules
Data protection legislation
Money laundering
E-commerce legislation

Tax and VAT

Advice on the tax treatment of the subsidiary – tax residency in the UK or overseas
Advice on corporation tax, transfer pricing and income tax
Registration for VAT and advice on reduced rates and exceptions

We are also able to help you with: