IN ADDITION TO THE low costs associated with setting up a UK Limited company, there are obviously other positive sides to it as well. For example, you demonstrate a genuine interest in the market by setting up a business while at the same time tying risks to the UK Limited company should something go wrong.
THE FACT THAT IT IS easy to set up a subsidiary in the UK could also have negative effects. Subsequently, it is important to protect your name when your company is beginning to advertise itself in the market. The fact is – all Limited companies have to register with the Companies House in the UK. The Companies House does not check any other data bases to verify whether the name can be used or not.
THIS MEANS THAT although your company name is trade mark protected, your distributor, agent or competitor could still register your name as their Limited company in the UK. Experience shows that it may cost a lot of money and time to fight for a name in UK courts. You might win, but is it really worth all the time and effort compared to a small initial cost?
WE HAVE FOUND THAT it is not complicated to register a company – but how do companies run their subsidiaries? The UK doesn’t have the same laws and rules as other countries.
TODAY, ENLINK ASSISTS a number of companies both operating directly from their head office or with sales personnel in the UK. Many of our customers have realised that set up costs drop considerably by using services like virtual offices, accounting and administrative services from a company with a local network and knowledge.
For more information about how Enlink can assist you in the UK with bookkeeping, virtual offices or how to set up a Limited company, please contact us.