A Scottish company is exactly the same as any other company registered in the UK. The difference is in the location of the registered office. A company registered in Scotland requires a registered office address in Scotland.
Rapid Formations provide a Scottish Registered Office Service from their impressive location on Bath Street in Glasgow's city centre, at a discounted price of £12.99 for the first year. After you select a company formation package, you can add a Scottish registered office and other address services to your order.
No. A company registered in Scotland must remain in Scotland and cannot be moved to another UK jurisdiction, e.g. England and Wales or Northern Ireland.
It usually takes around 3 to 6 working hours to set up a limited company in the UK; however, this time period is subject to Companies House workload and it can take up to 24 hours to gain approval for your new company application.
You will need a company name that is not already in use at Companies House, a physical address (not a PO Box) for your registered office address, and the details of your directors and shareholders including names, usual residential addresses, dates of birth, occupations and nationalities.
One person is required to register a limited company in the UK. You will need at least one company director and one shareholder; however, the same person can fill both positions.
A minimum of one share or one share per shareholder is required to be issued by a company upon incorporation. We would recommend you issue more than the minimum number of shares to provide flexibility for future events, e.g. the introduction of new shareholders.