4 ms·
Running a company in the UK is super easy compared to some eastern european countries - far less bureaucracy, regulations (maybe apart from VAT-MOSS, but that's
by jasiek 11y ago
Running a company in the UK is super easy compared to some eastern european countries - far less bureaucracy, regulations (maybe apart from VAT-MOSS, but that's an EU thing) are easy to follow and most things can be done online. An accountant can do a lot of this for you and they cost between £60-120 a month.
You will have to show up in person for an appointment to open a bank account though, and UK banks, generally - suck.
In terms of taxation, CIT/VAT are similar to everywhere else in Europe, PIT depends on where you live, so you need to talk to an accountant in your home country.
- strls1 11y agoI've read that it's next to impossible to open a UK bank account as a non-resident (even for a company) unless you can deposit a large amount of cash. The are afraid of fraud or something. Is this true? Would be nice to have a bank account in the same country.
- miscloud 11y agoIt's possible to open a UK bank account without having to make a large deposit and without having to physically travel there if you use an international bank, loyalbank.com provides people with RBS bank account information. The downside to this is that you have to fill out a form before receiving a transfer over 5000 EUR.