The idea of starting a business in the UK is not new, but in recent years it has grown into a real mainstream for individual entrepreneurs and legal entities. The choice in favor of the United Kingdom can be easily justified by transparent taxation and the absence of bureaucracy. In this article, we will tell you why business addresses for rent are popular among new and experienced entrepreneurs in the UK.
Key benefits of starting a business in the UK
Today, opening a business address in the UK is not so much the start of your commercial activity as a unique opportunity to conduct business on a completely different scale:
- the UK is a lot of potential buyers;
- high standard of living, which means good solvency of consumers;
- a huge audience of potential consumers with different preferences;
- work in a country with a developed economy;
- high purchasing power;
- a loyal system of control of the business sphere by the state.
Getting a business address and, accordingly, registering a company in Britain will allow you to become a full participant in the trade.
What is a business address?
A business address in the UK is one of the important details of the company, the official location of the company. Each British company is required to provide a business address during registration. It is needed not only to receive correspondence and store documents but also so that government agencies and partners can contact the leaders of the organization.
The business address should be located where the company itself is directly established. Many business owners prefer to have a commercial address.
Why does your business need to have a business address?
Such a requirement is specified in the Companies Act, approved in 2006. A business address allows companies to receive correspondence. The office at the address should keep the company’s registers, and for possible verification, access to them is always open. The presence of such an address of the organization in the Companies House strengthens the image of Britain as a country with fully transparent corporate requirements.
Can a private house be an office?
Yes, it is possible. However, a personal address should not be used for commercial purposes. Commercial real estate will become the preferred option. There are several reasons for this:
All information about the company is publicly available. If you use a home address, you may experience problems such as unannounced customer visits to your home, as well as correspondence from government agencies that will be difficult to process.
Potential investors are more willing to cooperate with a firm whose office is located in a business center than with an organization located in an ordinary residential building.
The official address on the commercial premises has a positive effect on the reputation of the company as a whole.
Can a living space be an office?
First of all, the owner of the dwelling must obtain permission to use it as an office in the housing authority. It is enough to contact the local council, providing the following information:
- what do you plan to do;
- your business hours;
- what kind of transport will be used during the implementation of the activity.
It is not worth starting any business without obtaining permission from the head of the housing authority. If part of the residential premises can be transferred to commercial status, then you will need to pay for this service.
The location of the legal entity is indicated in the constituent documents. The premises at this address may be owned or rented.
In the first case, when conducting an inspection, it is enough to show a copy of the certificate of ownership, in the second case, it is enough to have a letter of guarantee from the owner of the property on the provision of a legal address. It must contain the following information:
- the name of the organization that will register the company;
- details of the owner – company or individual. faces;
- the name of the director and the name of the tenant;
- location and total area of the premises;
- consent to the transfer of real estate under a lease agreement.
Is it possible to change the business address?
Of course, this can be done. However, the new legal address will be within the United Kingdom. Registration chamber staff should be aware of all changes. Since the registry is updated every day, the new business address will appear in the public domain in the shortest possible time. It is also worth noting that all documents must be transported to the new office.
Conditions and procedures for changing the address
The management of the firm must vote unanimously to change the address. Then you need to fill out the LLAD01 or AD01 form, give it to the registrar or do it online. The changed address is first carefully checked, a decision is made, and only then changes are made to the registry. After it is included in the public register, the address on official documents should be changed. If this is not done on time, then penalties may be imposed on the company.
The importance of the cleanliness of a business address is undeniable. This aspect has a significant impact on the work of the company, registration of invoices, etc. Therefore, some businessmen rent a business address. There are some reasons for this decision:
- organization reorganization,
- lack of own commercial premises,
- the invalidity of the previously used address.
Thus, the business address of the company is indispensable. Today, you can open or change a business address in the UK, as well as register a company, remotely.
A business address is the address of the company where it is registered by the Companies House. All UK companies are required to have a business address. All letters from state institutions and banks, invoices, checks, and tax documentation are sent only to the business address. Using a home address is not always a good idea, so it makes sense to rent a business address. This service is offered by the reliable company Hoxton Mix. Here you can rent a virtual office, which provides some other useful features, including saving, scanning, and forwarding correspondence.