Do you trade direct through an existing company or trade through a new UK registered company? This is a common question for our International customers so we asked our partners at Quick Formations to give some further insight.
With the history and structure of The Companies Act alone, it’s not difficult to see why a UK registered company enjoys an almost limitless amount of benefits when it comes to credibility, a certificate of incorporation is an affiliation between your company and the oldest and most comprehensive Corporate Law structure in the world.
To almost emphasise this fact the latest Companies Act 2006 is the largest bill ever to go through UK parliament, taking almost 4 years to come into effect in its entirety. Therefore when dealing with potential clients globally to be able to show a UK Certificate of Incorporation shows that you take business seriously and that you adhere vehemently to the regulations in place.
Once registered as a UK company the maintenance of Limited status can be easily lost or fines and penalties can even accrue due to neglect, so being able to show as an active, up to date live Company is of a huge credit.
A key consideration also is that by being a UK registered company with overseas ownership you have the most up to date ‘webfiling’ internet filing technology – meaning a UK company can be maintained from anywhere around the world, an asset no other Country can offer.
Here in the UK the benefits of trading as a UK company with a UK Company much outweigh trading with an oversea company.
Firstly the governing body for all UK companies, Companies House, maintains a free data search for anyone with an internet access can use – meaning your UK company is completely searchable within a matter of seconds, allaying any fears or mistrust from your prospective client by your company being transparent and searchable from the offset.
The advantage of UK companies is not solely for the gathering of clientele either – the infrastructure and support available to a UK company from its government, via Companies House and independent corporate services like Quick Formations, is seen as a leading light across the globe. Only recently, the UK government reaffirmed its stance on backing UK based business and making it a priority to develop UK commerce and entrepreneurialism across the world and Quick Formations is at the very forefront of implementation of these changes, ensuring our clients get the most accurate information first time, every time.
If you would like expert advice on cross border internet retailing please call +44 1604 679090 or email email@example.com