Setting up a Business For Limited Company in

The UK - Why is It A Good Choice?

The prospect of forming your own company is one that many people

get excited about. Whether it’s the young entrepreneur looking to

make a big splash in the business world or a retiree looking to make

that craft hobby pay a little income - it’s the same impulse.

When you’re setting up a business for limited company, you could

ask yourself why the UK is such a good choice. It could be simply

geographical; if you’re living and working in the UK then setting up a

business there makes sense.

However, there are some very tangible advantages to UK based

companies. Formation agents like Company Formation Made Simple

are enabling people both in the UK and abroad to make the most of

these advantages.

These advantages include the following:

● Low Fraud - Although fraud is an issue in every country,

the UK has a comparatively low rate of fraud. This is mainly due

to the many stringent checks that are required by banks.

● Funding Eligibility - Businesses in the UK are more

eligible for funding, whether that be government based through

private initiatives. There has been an explosion in British

business recently - and much of that has come from funding

initiatives. There are also many tax breaks and incentives

available for SMEs.

● Start up Hubs - There are many start up hubs in the UK,

most notably London, that make it a vibrant place for a young

business to grow and develop.

Investors often receive tax breaks when investing in business in the

UK too, which means lots of angel investors are looking for the next

British based company to join - as a result many people with bright

ideas head there and make a big pitch.

It’s fair to say that companies formed in the UK carry a higher degree

of legitimacy within the UK economy itself and the world in general.

Economies of emerging nations where regulations aren’t as

rigorously enforced and there are higher instances of fraud are less

appealing to potential investors or business partners - but formation

agents like Company Formation Made Simple assist entrepreneurs in

the administrative procedure of setting up their own company in the

UK