Select a package

Choose a package that best suits your needs.

If you require any assistance contact us on 020 7871 9990.

Private company limited by shares

This is the most popular type of company structure in the UK. If you want to set up a business with the object of making a profit -this is the one for you.

All Inclusive
Print
Digital Plus
Digital

£59.99 +VAT

£22.99 +VAT

£14.99 +VAT

£9.99 +VAT

Private company limited by shares -
the popular choice.

Buy Package

Read More

Private Limited Company in
3 to 6 Working Hours*

Companies House Filing
Fee of £10.00 Included

FREE Business
Bank Account

Digital Certificate
of Incorporation

Digital Memorandum &
Articles of Association

Digital Share
Certificate(s)

Digital Company Register
with First Entries

Digital Minutes of First
Board Meeting

Legal Contracts and
Notices Package

Printed Certificate
of Incorporation

Memorandum & Articles of Association

Printed Minutes of First
Board Meeting

Printed Share
Certificate(s)

VAT
Registration

PAYE
Registration

Confirmation Statement
(prev. the Annual Return)

Free Admin Portal to
Manage your Companies

Free Support for the Life
of your Company

Google Adwords
Voucher worth £75

Free .com or .co.uk
Domain Name

Buy Package

Read More

Digital

£9.99 +VAT

Buy Now Read More

Print

£22.99 +VAT

Buy Now Read More

All Inclusive

£59.99 +VAT

Buy Now Read More
Digital
Digital Plus
Print
All Inclusive

£9.99 +VAT

£14.99 +VAT

£22.99 +VAT

£59.99 +VAT

*Most of our company incorporations are approved by Companies House within 3 to 6 working hours, however, this is dependent on Companies House workload, and it may take longer. If it is of great importance that your company is incorporated as soon as possible or on the same day, we always recommend you add the Guaranteed Same Day Service to your order.

Free .co.uk domain
£75 Google Adwords Voucher

Frequently asked questions

Are the package costs one-off, or annual charges?

They are one-off charges, and there are no extra costs payable to form a limited company or LLP.

If you purchase the All Inclusive Package, it includes the preparation and filing of your company’s first confirmation statement (previously known as the annual return), and you may wish to renew this service for year 2 at a cost of £35.00 plus VAT. Alternatively, you can use the customer area on our website to prepare and file your Confirmation Statement, and you will only be charged the Companies House filing fee of £10.00.

What documents do I need to supply with my company application?

No documents are required to form a limited company or LLP in the UK. Therefore you do not need to provide any documents as part of your company application. Our online process is simple and fast, with no need for any paperwork or signatures, however, you may be required to provide ID and proof of address after the incorporation of your company - please see below.

Please note: When choosing to use our address services, we may need to obtain certified or notarised ID and proof of address within 3 weeks of your company incorporation. This is to ensure we fulfil our obligations regarding The London Local Authorities Act, and the current Anti-Money Laundering (AML) regulations and Know Your Customer (KYC) requirements.

The required documents are detailed in the welcome email we send all address service customers. For further information on ID requirements please click here.

Can I open a bank account in the UK if I don’t live there?

Our relationship with our banking partners does not extend to opening bank accounts for non-UK residents; however, it is possible to open a business bank account if your company does not have any UK resident shareholders or directors. This will involve contacting a bank directly, applying for the account and visiting the UK to meet with a bank and present the shareholders’ original ID and proof of address.

Please have a look at our blog on the subject: Business bank accounts for non-UK residents.

Do I need an accountant?

We recommend the assistance of an accountant with your company’s annual accounts and annual tax return, which will be due for filing (at Companies House and HMRC) 9 months after the end of your first financial year.

We would also recommend an accountant sets up your financial record-keeping and you obtain advice on how to take money out of your limited company.

Rapid Formations provides a free consultation with an accountant - either at one of their offices, or via Skype - where you will be introduced to the accountant's services and you will also have the opportunity to obtain some free tax and accounting advice.

Why do I need to pay for postage with the business address service?

When you purchase our business address service, you are buying the right to use our address as your trading / business address and publish it on your letterheads, invoices and website. We will also receive and log your mail onto our system and send you an acknowledgement that your mail has been forwarded to you. Unlike our service address and registered office services, we do not include the free forwarding of business mail to you, as we are unable to assess just how much mail each client will receive, and therefore require charging the cost of the Royal Mail postage plus a 15% handling fee for mail forwarding.

Is the bank account guaranteed?

The bank account is not guaranteed. Rapid Formations offers a free bank account referral to Lloyds or Barclays, and the decision to provide business banking facilities is subject to status and each banks' terms and conditions. All clients who open a business bank account via our referral system are eligible for 12 months of free business banking with Barclays or 18 months of free business banking with Lloyds. This service is only available to companies with UK resident directors and shareholders.

For further information please see our Lloyds & Barclays pages.

Do I need more than one person to form a limited company?

No, only one person is required. Although all limited companies require at least one director and one shareholder, it is common for one person to perform both roles.

If I buy a registered office address, does this cover all of my mail?

The registered office address can only be used for official government mail from Companies House and HMRC. If you also wish to use our address for general business mail, you should purchase the business address service.

Do I need to register my company for VAT?

You do not need to register for VAT until your annual turnover exceeds the VAT threshold, which from 1st April 2016, is £85,000. You can, of course, decide to register for VAT on a voluntary basis if your turnover is less than the threshold figure. As a VAT registered company, you can reclaim VAT paid on all goods and services purchased by the company.

For further reading on VAT consult the Rapid Formations blog: Do I need to register my limited company for VAT?

How do I reserve a company name?

There is only one way to reserve a company name at Companies House, and that is to actually form a limited company. No facility exists to simply reserve a company name without forming a company. If you wish to reserve a company name for future use, you should let HMRC know that the your company is dormant. Consequently, HMRC will not expect a tax return to be filed, and you will only be liable to file inexpensive 'dormant accounts' instead of annual accounts.For further reading on dormant companies, have a look at our blog: A guide to dormant companies.

What type of company do I need?

Limited by shares companies: The vast majority of companies are formed with the objective of making a profit for their shareholders, and a private limited by shares company (also referred to as a 'limited' or 'ltd' company) is the standard corporate vehicle used for this purpose. A limited company is generally suitable to carry out most commercial business activities.

LLPs: Limited liability partnerships, or LLPs, are similar in structure to a traditional partnership; however, they enjoy the same limited liability of a limited company. They are generally used by professionals such as solicitors, dentists and accountants. The decision of whether to opt for a limited by shares company or LLP is not straightforward, as there are many differences between the two company types - perhaps the most important being taxation. For further reading on this subject, have a look at our blog: Limited company or LLP?

Limited by guarantee companies: This type of company is generally used by non-profit organisations such as workers co-operatives, membership organisations including students’ unions, sports clubs, and also charities. This type of company has no share capital or shareholders, and instead has guarantors who undertake to guarantee a certain amount of money should the company become insolvent.

Non-Residents Package £134.99 +VATBuy Now

An ideal package for non-UK residents

Our Non-Residents Package, at a cost of £134.99 plus VAT, is specially tailored to suit the needs of non-residents who wish to set up a limited company in the UK. It provides everything you will need to start trading. Some highlights include:

  • A company limited by shares.
  • A Registered Office with international forwarding of official mail.
  • A Service Address with international forwarding of official mail.
  • A Business Address service with international mail forwarding.
  • Printed documents delivered with FREE worldwide delivery by a premium courier such as DHL.
  • The preparation and filing of your first Confirmation Statement (prev. the Annual Return).
  • VAT registration, and maintenance of your company records.
  • A FREE one hour consultation with a reputable accountant in London or by Skype.
  • A FREE .com or .co.uk website domain name for 1 year.

What’s included:

Private Limited Company in 3 to 6 Working Hours*

Companies House Filing Fee of £10.00 Included

Digital Certificate of Incorporation

Digital Memorandum & Articles of Association

Digital Share Certificate(s)

Digital Company Register with First Entries

Digital Minutes of First Board Meeting

Printed Certificate of Incorporation

Printed Memorandum & Articles of Association

Printed Minutes of First Board Meeting

Printed Share Certificate(s)

VAT Registration

London Registered Office Address
(with International Mail Forwarding) **

London Service Address
(with International Mail Forwarding) **

London Business Address
(with International Mail Forwarding) **

Free Express Worldwide courier delivery ***

Confirmation Statement (prev. the Annual Return)

Introduction to a Chartered Accountant

Free Admin Portal to Manage your Companies

Free Support for the Life of your Company

Google Adwords Voucher worth £75

Free .com or .co.uk Domain Name

Non-Residents Package £134.99 +VATBuy Now

Proof of ID and address

To ensure we fulfil our obligations regarding The London Local Authorities Act, and the current Anti-Money Laundering (AML) regulations and Know Your Customer (KYC) requirements, we require obtaining proof of ID and proof of address from clients who use our address services. The required documents are detailed in the welcome email we send all address service customers. For further information on ID requirements please click here.

Barclays and Lloyds Business Bank Accounts

These offers are only available to companies with UK resident directors and shareholders. Companies with overseas or nominee directors and shareholders are not eligible for this offer.

*Most of our company incorporations are approved by Companies House within 3 to 6 working hours, however, this is dependent on Companies House workload, and it may take longer. If it is of great importance that your company is incorporated as soon as possible or on the same day, we always recommend you add the Guaranteed Same Day Service to your order.

**The forwarding of all mail will be charged at Royal Mail International postal rates plus 15%. Mail will be forwarded on a daily basis.

***We will send your printed company documents free of charge using a premium courier such as DHL.

Free .co.uk domain
£75 Google Adwords Voucher

Contractors Package £49.99 +VATBuy Now

Ideal for Contractors and Freelancers who want to set up a UK Limited Company

Our Contractors Package provides limited company registration for contractors and freelancers for just £49.99 + VAT. Limited company status will safeguard you against Management Service Company legislation that affects self-employed individuals and sole traders.

It will provide you with a ready-to-trade limited company in the UK, a full set of digital incorporation documents, VAT and PAYE registrations and a Lloyds Business Bank Account with 18 months of free business banking.

We can also introduce you to an accountant to manage your payroll and prepare annual accounts.

What’s included:

Private Limited Company in 3 to 6 Working Hours*

Companies House Filing Fee of £10.00 Included

FREE Business Bank Account

Digital Certificate of Incorporation

Digital Memorandum & Articles of Association

Digital Share Certificate(s)

Digital Company Register with First Entries

Digital Minutes of First Board Meeting

VAT Registration

PAYE Registration

Free Admin Portal to Manage your Companies

Free Support for the Life of your Company

Google Adwords Voucher worth £75

Free .com or .co.uk Domain Name

Contractors Package £49.99 +VATBuy Now

*Most of our company incorporations are approved by Companies House within 3 to 6 working hours, however, this is dependent on Companies House workload, and it may take longer. If it is of great importance that your company is incorporated as soon as possible or on the same day, we always recommend you add the Guaranteed Same Day Service to your order.

Free .co.uk domain
£75 Google Adwords Voucher

Frequently asked questions

Are the package costs one-off, or annual charges?

They are one-off charges, and there are no extra costs payable to form a limited company or LLP.

If you purchase the All Inclusive Package, it includes the preparation and filing of your company’s first confirmation statement (previously known as the annual return), and you may wish to renew this service for year 2 at a cost of £35.00 plus VAT. Alternatively, you can use the customer area on our website to prepare and file your Confirmation Statement, and you will only be charged the Companies House filing fee of £10.00.

What documents do I need to supply with my company application?

No documents are required to form a limited company or LLP in the UK. Therefore you do not need to provide any documents as part of your company application. Our online process is simple and fast, with no need for any paperwork or signatures, however, you may be required to provide ID and proof of address after the incorporation of your company - please see below.

Please note: When choosing to use our address services, we may need to obtain certified or notarised ID and proof of address within 3 weeks of your company incorporation. This is to ensure we fulfil our obligations regarding The London Local Authorities Act, and the current Anti-Money Laundering (AML) regulations and Know Your Customer (KYC) requirements.

The required documents are detailed in the welcome email we send all address service customers. For further information on ID requirements please click here.

Can I open a bank account in the UK if I don’t live there?

Our relationship with our banking partners does not extend to opening bank accounts for non-UK residents; however, it is possible to open a business bank account if your company does not have any UK resident shareholders or directors. This will involve contacting a bank directly, applying for the account and visiting the UK to meet with a bank and present the shareholders’ original ID and proof of address.

Please have a look at our blog on the subject: Business bank accounts for non-UK residents.

Do I need an accountant?

We recommend the assistance of an accountant with your company’s annual accounts and annual tax return, which will be due for filing (at Companies House and HMRC) 9 months after the end of your first financial year.

We would also recommend an accountant sets up your financial record-keeping and you obtain advice on how to take money out of your limited company.

Rapid Formations provides a free consultation with an accountant - either at one of their offices, or via Skype - where you will be introduced to the accountant's services and you will also have the opportunity to obtain some free tax and accounting advice.

Why do I need to pay for postage with the business address service?

When you purchase our business address service, you are buying the right to use our address as your trading / business address and publish it on your letterheads, invoices and website. We will also receive and log your mail onto our system and send you an acknowledgement that your mail has been forwarded to you. Unlike our service address and registered office services, we do not include the free forwarding of business mail to you, as we are unable to assess just how much mail each client will receive, and therefore require charging the cost of the Royal Mail postage plus a 15% handling fee for mail forwarding.

Is the bank account guaranteed?

The bank account is not guaranteed. Rapid Formations offers a free bank account referral to Lloyds or Barclays, and the decision to provide business banking facilities is subject to status and each banks' terms and conditions. All clients who open a business bank account via our referral system are eligible for 12 months of free business banking with Barclays or 18 months of free business banking with Lloyds. This service is only available to companies with UK resident directors and shareholders.

For further information please see our Lloyds & Barclays pages.

Do I need more than one person to form a limited company?

No, only one person is required. Although all limited companies require at least one director and one shareholder, it is common for one person to perform both roles.

If I buy a registered office address, does this cover all of my mail?

The registered office address can only be used for official government mail from Companies House and HMRC. If you also wish to use our address for general business mail, you should purchase the business address service.

Do I need to register my company for VAT?

You do not need to register for VAT until your annual turnover exceeds the VAT threshold, which from 1st April 2016, is £85,000. You can, of course, decide to register for VAT on a voluntary basis if your turnover is less than the threshold figure. As a VAT registered company, you can reclaim VAT paid on all goods and services purchased by the company.

For further reading on VAT consult the Rapid Formations blog: Do I need to register my limited company for VAT?

How do I reserve a company name?

There is only one way to reserve a company name at Companies House, and that is to actually form a limited company. No facility exists to simply reserve a company name without forming a company. If you wish to reserve a company name for future use, you should let HMRC know that the your company is dormant. Consequently, HMRC will not expect a tax return to be filed, and you will only be liable to file inexpensive 'dormant accounts' instead of annual accounts.For further reading on dormant companies, have a look at our blog: A guide to dormant companies.

What type of company do I need?

Limited by shares companies: The vast majority of companies are formed with the objective of making a profit for their shareholders, and a private limited by shares company (also referred to as a 'limited' or 'ltd' company) is the standard corporate vehicle used for this purpose. A limited company is generally suitable to carry out most commercial business activities.

LLPs: Limited liability partnerships, or LLPs, are similar in structure to a traditional partnership; however, they enjoy the same limited liability of a limited company. They are generally used by professionals such as solicitors, dentists and accountants. The decision of whether to opt for a limited by shares company or LLP is not straightforward, as there are many differences between the two company types - perhaps the most important being taxation. For further reading on this subject, have a look at our blog: Limited company or LLP?

Limited by guarantee companies: This type of company is generally used by non-profit organisations such as workers co-operatives, membership organisations including students’ unions, sports clubs, and also charities. This type of company has no share capital or shareholders, and instead has guarantors who undertake to guarantee a certain amount of money should the company become insolvent.

Limited by Guarantee £29.99 +VATBuy Now

Ideal for clubs, workers' co-operatives and other non-profit organisations.

This package is ideal for all types of not-for-profit enterprises like clubs, sporting associations and membership organisations. It provides online incorporation of a company limited by guarantee, a complete set of digital (PDF) and printed company incorporation documents and access to our free Online Admin Portal where you can manage your company after registration.

Printed and bound incorporation documents are delivered free of charge within the UK. Printed and bound incorporation documents can be delivered overseas for the additional charge of Royal Mail postage plus 15%.

Please note: This package provides a standard limited by guarantee company and is not suitable for:

  • 1. A Charity company.
  • 2. A company that requires exemption from using the word ‘limited’ in the company name.
  • 3. A company using the words Association, Benevolent, Federation, Foundation, Society or Trust in the company name.
  • 4. A Right to Manage company.

To form these companies, please call our customer service team at 020 7871 9990, and we will be happy to assist you.

What’s included:

Private Limited Company in 3 to 6 Working Hours*

Companies House Filing Fee of £10.00 Included

Digital Certificate of Incorporation

Digital Memorandum & Articles of Association

Digital (PDF) Guarantor Certificate(s)

Digital Company Register with First Entries

Printed Guarantor Certificate(s)

Printed Certificate of Incorporation

Printed Memorandum & Articles of Association

Free Admin Portal to Manage your Companies

Free Support for the Life of your Company

Google Adwords Voucher worth £75

Free .com or .co.uk Domain Name

Limited by Guarantee £29.99 +VATBuy Now

*Most of our company incorporations are approved by Companies House within 3 to 6 working hours, however, this is dependent on Companies House workload, and it may take longer. If it is of great importance that your company is incorporated as soon as possible or on the same day, we always recommend you add the Guaranteed Same Day Service to your order.

Free .co.uk domain
£75 Google Adwords Voucher

Frequently asked questions

Are the package costs one-off, or annual charges?

They are one-off charges, and there are no extra costs payable to form a limited company or LLP.

If you purchase the All Inclusive Package, it includes the preparation and filing of your company’s first confirmation statement (previously known as the annual return), and you may wish to renew this service for year 2 at a cost of £35.00 plus VAT. Alternatively, you can use the customer area on our website to prepare and file your Confirmation Statement, and you will only be charged the Companies House filing fee of £10.00.

What documents do I need to supply with my company application?

No documents are required to form a limited company or LLP in the UK. Therefore you do not need to provide any documents as part of your company application. Our online process is simple and fast, with no need for any paperwork or signatures, however, you may be required to provide ID and proof of address after the incorporation of your company - please see below.

Please note: When choosing to use our address services, we may need to obtain certified or notarised ID and proof of address within 3 weeks of your company incorporation. This is to ensure we fulfil our obligations regarding The London Local Authorities Act, and the current Anti-Money Laundering (AML) regulations and Know Your Customer (KYC) requirements.

The required documents are detailed in the welcome email we send all address service customers. For further information on ID requirements please click here.

Can I open a bank account in the UK if I don’t live there?

Our relationship with our banking partners does not extend to opening bank accounts for non-UK residents; however, it is possible to open a business bank account if your company does not have any UK resident shareholders or directors. This will involve contacting a bank directly, applying for the account and visiting the UK to meet with a bank and present the shareholders’ original ID and proof of address.

Please have a look at our blog on the subject: Business bank accounts for non-UK residents.

Do I need an accountant?

We recommend the assistance of an accountant with your company’s annual accounts and annual tax return, which will be due for filing (at Companies House and HMRC) 9 months after the end of your first financial year.

We would also recommend an accountant sets up your financial record-keeping and you obtain advice on how to take money out of your limited company.

Rapid Formations provides a free consultation with an accountant - either at one of their offices, or via Skype - where you will be introduced to the accountant's services and you will also have the opportunity to obtain some free tax and accounting advice.

Why do I need to pay for postage with the business address service?

When you purchase our business address service, you are buying the right to use our address as your trading / business address and publish it on your letterheads, invoices and website. We will also receive and log your mail onto our system and send you an acknowledgement that your mail has been forwarded to you. Unlike our service address and registered office services, we do not include the free forwarding of business mail to you, as we are unable to assess just how much mail each client will receive, and therefore require charging the cost of the Royal Mail postage plus a 15% handling fee for mail forwarding.

Is the bank account guaranteed?

The bank account is not guaranteed. Rapid Formations offers a free bank account referral to Lloyds or Barclays, and the decision to provide business banking facilities is subject to status and each banks' terms and conditions. All clients who open a business bank account via our referral system are eligible for 12 months of free business banking with Barclays or 18 months of free business banking with Lloyds. This service is only available to companies with UK resident directors and shareholders.

For further information please see our Lloyds & Barclays pages.

Do I need more than one person to form a limited company?

No, only one person is required. Although all limited companies require at least one director and one shareholder, it is common for one person to perform both roles.

If I buy a registered office address, does this cover all of my mail?

The registered office address can only be used for official government mail from Companies House and HMRC. If you also wish to use our address for general business mail, you should purchase the business address service.

Do I need to register my company for VAT?

You do not need to register for VAT until your annual turnover exceeds the VAT threshold, which from 1st April 2016, is £85,000. You can, of course, decide to register for VAT on a voluntary basis if your turnover is less than the threshold figure. As a VAT registered company, you can reclaim VAT paid on all goods and services purchased by the company.

For further reading on VAT consult the Rapid Formations blog: Do I need to register my limited company for VAT?

How do I reserve a company name?

There is only one way to reserve a company name at Companies House, and that is to actually form a limited company. No facility exists to simply reserve a company name without forming a company. If you wish to reserve a company name for future use, you should let HMRC know that the your company is dormant. Consequently, HMRC will not expect a tax return to be filed, and you will only be liable to file inexpensive 'dormant accounts' instead of annual accounts.For further reading on dormant companies, have a look at our blog: A guide to dormant companies.

What type of company do I need?

Limited by shares companies: The vast majority of companies are formed with the objective of making a profit for their shareholders, and a private limited by shares company (also referred to as a 'limited' or 'ltd' company) is the standard corporate vehicle used for this purpose. A limited company is generally suitable to carry out most commercial business activities.

LLPs: Limited liability partnerships, or LLPs, are similar in structure to a traditional partnership; however, they enjoy the same limited liability of a limited company. They are generally used by professionals such as solicitors, dentists and accountants. The decision of whether to opt for a limited by shares company or LLP is not straightforward, as there are many differences between the two company types - perhaps the most important being taxation. For further reading on this subject, have a look at our blog: Limited company or LLP?

Limited by guarantee companies: This type of company is generally used by non-profit organisations such as workers co-operatives, membership organisations including students’ unions, sports clubs, and also charities. This type of company has no share capital or shareholders, and instead has guarantors who undertake to guarantee a certain amount of money should the company become insolvent.

Limited Liability Partnership Package (LLP) £34.99 +VATBuy Now

Online LLP formation.

Our Limited Liability Partnership package provides a ready-to-trade LLP, a free draft LLP Agreement, digital and printed incorporation documents, and access to our online admin portal to manage your LLP after the company is formed.

Upon your new LLP receiving approval from Companies House (usually within 3 to 6 working hours) we will forward the company documents and also a draft LLP Agreement to you by email. For those partnerships requiring a formal Agreement, return your completed draft to us by email. We will then prepare two printed copies for you and sent them by 1st class post to your registered office or alternate contact address.

It is not a legal requirement to have a formal LLP Agreement, however, it is required if you need to divide the share of profits and capital other than equally.

Please note: We will forward your printed and bound LLP documents to any UK address free of charge. If you require these documents posted overseas, a supplementary charge or Royal Mail postal charges +15% will apply.

What’s included:

Limited Liability Partnership in 3 to 6 Working Hours*

Companies House Filing Fee of £10.00 Included

FREE Business Bank Account

Digital Certificate of Incorporation

Digital (Word) Draft LLP Agreement

Digital Company Register with First Entries

Printed Certificate of Incorporation

2 x Printed copies of the LLP Agreement (if required)

Free Admin Portal to Manage your Companies

Free Support for the Life of your Company

Google Adwords Voucher worth £75

Free .com or .co.uk Domain Name

Limited Liability Partnership Package (LLP) £34.99 +VATBuy Now

*Most of our company incorporations are approved by Companies House within 3 to 6 working hours, however, this is dependent on Companies House workload, and it may take longer. If it is of great importance that your company is incorporated as soon as possible or on the same day, we always recommend you add the Guaranteed Same Day Service to your order.

Free .co.uk domain
£75 Google Adwords Voucher

Frequently asked questions

Are the package costs one-off, or annual charges?

They are one-off charges, and there are no extra costs payable to form a limited company or LLP.

If you purchase the All Inclusive Package, it includes the preparation and filing of your company’s first confirmation statement (previously known as the annual return), and you may wish to renew this service for year 2 at a cost of £35.00 plus VAT. Alternatively, you can use the customer area on our website to prepare and file your Confirmation Statement, and you will only be charged the Companies House filing fee of £10.00.

What documents do I need to supply with my company application?

No documents are required to form a limited company or LLP in the UK. Therefore you do not need to provide any documents as part of your company application. Our online process is simple and fast, with no need for any paperwork or signatures, however, you may be required to provide ID and proof of address after the incorporation of your company - please see below.

Please note: When choosing to use our address services, we may need to obtain certified or notarised ID and proof of address within 3 weeks of your company incorporation. This is to ensure we fulfil our obligations regarding The London Local Authorities Act, and the current Anti-Money Laundering (AML) regulations and Know Your Customer (KYC) requirements.

The required documents are detailed in the welcome email we send all address service customers. For further information on ID requirements please click here.

Can I open a bank account in the UK if I don’t live there?

Our relationship with our banking partners does not extend to opening bank accounts for non-UK residents; however, it is possible to open a business bank account if your company does not have any UK resident shareholders or directors. This will involve contacting a bank directly, applying for the account and visiting the UK to meet with a bank and present the shareholders’ original ID and proof of address.

Please have a look at our blog on the subject: Business bank accounts for non-UK residents.

Do I need an accountant?

We recommend the assistance of an accountant with your company’s annual accounts and annual tax return, which will be due for filing (at Companies House and HMRC) 9 months after the end of your first financial year.

We would also recommend an accountant sets up your financial record-keeping and you obtain advice on how to take money out of your limited company.

Rapid Formations provides a free consultation with an accountant - either at one of their offices, or via Skype - where you will be introduced to the accountant's services and you will also have the opportunity to obtain some free tax and accounting advice.

Why do I need to pay for postage with the business address service?

When you purchase our business address service, you are buying the right to use our address as your trading / business address and publish it on your letterheads, invoices and website. We will also receive and log your mail onto our system and send you an acknowledgement that your mail has been forwarded to you. Unlike our service address and registered office services, we do not include the free forwarding of business mail to you, as we are unable to assess just how much mail each client will receive, and therefore require charging the cost of the Royal Mail postage plus a 15% handling fee for mail forwarding.

Is the bank account guaranteed?

The bank account is not guaranteed. Rapid Formations offers a free bank account referral to Lloyds or Barclays, and the decision to provide business banking facilities is subject to status and each banks' terms and conditions. All clients who open a business bank account via our referral system are eligible for 12 months of free business banking with Barclays or 18 months of free business banking with Lloyds. This service is only available to companies with UK resident directors and shareholders.

For further information please see our Lloyds & Barclays pages.

Do I need more than one person to form a limited company?

No, only one person is required. Although all limited companies require at least one director and one shareholder, it is common for one person to perform both roles.

If I buy a registered office address, does this cover all of my mail?

The registered office address can only be used for official government mail from Companies House and HMRC. If you also wish to use our address for general business mail, you should purchase the business address service.

Do I need to register my company for VAT?

You do not need to register for VAT until your annual turnover exceeds the VAT threshold, which from 1st April 2016, is £85,000. You can, of course, decide to register for VAT on a voluntary basis if your turnover is less than the threshold figure. As a VAT registered company, you can reclaim VAT paid on all goods and services purchased by the company.

For further reading on VAT consult the Rapid Formations blog: Do I need to register my limited company for VAT?

How do I reserve a company name?

There is only one way to reserve a company name at Companies House, and that is to actually form a limited company. No facility exists to simply reserve a company name without forming a company. If you wish to reserve a company name for future use, you should let HMRC know that the your company is dormant. Consequently, HMRC will not expect a tax return to be filed, and you will only be liable to file inexpensive 'dormant accounts' instead of annual accounts.For further reading on dormant companies, have a look at our blog: A guide to dormant companies.

What type of company do I need?

Limited by shares companies: The vast majority of companies are formed with the objective of making a profit for their shareholders, and a private limited by shares company (also referred to as a 'limited' or 'ltd' company) is the standard corporate vehicle used for this purpose. A limited company is generally suitable to carry out most commercial business activities.

LLPs: Limited liability partnerships, or LLPs, are similar in structure to a traditional partnership; however, they enjoy the same limited liability of a limited company. They are generally used by professionals such as solicitors, dentists and accountants. The decision of whether to opt for a limited by shares company or LLP is not straightforward, as there are many differences between the two company types - perhaps the most important being taxation. For further reading on this subject, have a look at our blog: Limited company or LLP?

Limited by guarantee companies: This type of company is generally used by non-profit organisations such as workers co-operatives, membership organisations including students’ unions, sports clubs, and also charities. This type of company has no share capital or shareholders, and instead has guarantors who undertake to guarantee a certain amount of money should the company become insolvent.

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