There is more than one reason behind the large number of people interested in company formation in UK. Being politically stable and strategically favorable, it attracts entrepreneurs all across the globe. From small firm owners to big business tycoons, everybody finds the country a hub of easy and profitable business place. So, there is no wonder that they want to start their own company in this land of lucrative commerce.
In fact, the process of Incorporation limited company formation service online or business is called Company Formation in the UK. Sometimes it is also referred to as Company Registration. In the UK, companies can be formed by individuals, specialized agents, solicitors or accountants. Though some paperwork is involved in company formation, majority of the companies in the UK are formed electronically.
One can have a company formed even with a package of below £100. Very often the cost of paper work may remain below £20. Though the process of company formation in the UK is rather simple, it involves some documentation. The applicant will need to send some documents, together with the registration fee to the Registrar of Companies.
These documents include a memorandum of association, articles of association, Form 10 and Form 12. The applicant is required to supply some information on all of these documents. There is a little difference if the company formation in the UK is carried out over the Internet. The electronic process differs from the traditional process in the sense that FORM 12 is not relevant there and no requirement for a statuary declaration.