Do you register Non-Profit Companies or Partnerships?masterWe only register Limited Companies (Limited by shares). Unfortunately, we can not help you with other types of entities.
Frequently Asked Questions
- Show All
- Registering a Company
- Application Process
- Phone and Fax
- Ongoing Obligations
When will I receive my company documents?masterAs soon as we register your company, you will receive an automated email attached with digital copies of your company documents. This is usually done within 24 hours (excluding public holidays and weekends).
Can I make changes to my company after incorporation?masterYes, any changes can easily be made after incorporation using the relevant government online portal, in which you take control of all your company information. You can also download documents at any time for your personal preference. Details will be sent to you after your company is formed.
Can my Company trade under a different name?masterYes, your company can, provided the legal name is clearly displayed. This can be done by including the following statement:‘[Trading Name] is the trading name of [Official Company name]’.
Can I transfer shares or issue more shares?masterYes, you can transfer shares anytime to anyone and you may even increase your company’s share capital by issuing more shares. These actions would require approval from the director of the company. There is no limit on how many shares you can issue for your company, unless the articles of association contain a provision of authorised share capital.
Where do I have to display my company name?masterYou must display your company name on any signs, stationary and promotional material (e.g. company documents, letters and websites).
What are the advantages of trading as a limited company?masterPerhaps the most attractive benefit of trading as a limited company is the aspect of limited liability. Essentially this protects the personal assets of the officers should the company run into financial difficulties. Limited liability companies also instil added confidence in suppliers and creditors; many large organisations will only conduct business with limited companies. Finally, the ownership of a limited liability company can easily be divided up through the sale of shares. The shares can be further used as a means of generating capital.
How long does it take to register a company?masterMost companies are formed within 24 hours (Monday - Friday).
What bank will I get an account with?masterYour company will be set up with a bank account from TransferWise. TransferWise is an authorised Electronic Money Institution independently regulated by the Financial Conduct Authority (FCA) in the UK.
Is your banking solution provider safe?masterTransferwise is required by law to keep your money safe by storing it in a low-risk financial institution - in Europe this is in their UK account with Barclays, in the US this is in their US account with Wells Fargo. These accounts are reserved for customer money, this means your money is kept in a separate account from the money they use to run the business. In the unlikely event TransferWise ceased to exist, your money would be paid back from this account, ie from Barclays or Wells Fargo, however it is not covered by the Financial Services Compensation Scheme (FSCS) and therefore is deposited at your own risk. You also cannot earn interest on the money in your TransferWise account. Millions of customers trust TransferWise with their money. They move over £1 billion every month, and they take the safety and security of your money seriously.