A Simple guide to Setting up a limited company
Are you thinking about setting up a limited company and
feeling overwhelmed? Being unsure is not new and is the
triggering point to know more about the setting up procedures.
Here is the procedure for setting up limited company :
setting up limited company
Name Approval
The first step is name approval which requires providing 2 names for your company. One name will be required, but ensure the name suggests your business and is unique. It offers an outline of the company’s objective. In case, the proposed name has another existing company in the same then, it is a must to get NOC from that company. In case it has Trademark safeguarded, submit the details.
Documents required:
• 2 passport-size photographs
• Passport and other identity proof
• Submit MOA (Memorandum of Association) and AOA ( Articles of Association)
Other documents drafted include the Incorporation certification offering proof of the existence of the company. A consent letter and interest of disclosure of directors in a draft.
Authorized proposed capital and each share capital subscribed, registered office details, relevant office address, and an undertaking.
Details of companies of the proposed directors hold interest or are already the directors of other companies. A true copy certified of foreign parent company documents with AOA and address proof.
Apply for TAN and PAN. Submitting the Incorporation certificate, AOA, MOA, and PAN to a bank, ensures you can open the current account.
• Passport and other identity proof
• Submit MOA (Memorandum of Association) and AOA ( Articles of Association)
Other documents drafted include the Incorporation certification offering proof of the existence of the company. A consent letter and interest of disclosure of directors in a draft.
Authorized proposed capital and each share capital subscribed, registered office details, relevant office address, and an undertaking.
Details of companies of the proposed directors hold interest or are already the directors of other companies. A true copy certified of foreign parent company documents with AOA and address proof.
Apply for TAN and PAN. Submitting the Incorporation certificate, AOA, MOA, and PAN to a bank, ensures you can open the current account.
Steps to setting up a limited company
• Apply for the availability of the company name• Apply for a digital signature certificate (DSC)
• Apply for Director Identification Number ( DIN)
• File for EMOA and EAOA to a private limited company
• Apply for incorporation certification with PAN and TAN
• Open on the company name a current bank account
Consult the right people to set up a private limited company. Make the best choice to ensure smooth growth.
Apply for DSC & DIN
Registered office proof
Providing the address, identity, and residential address of the directors enables to validation of the company’s registered office address. It should include Proof of evidence and NOC from the Landlord for any utility service portraying the premises address of the owner's name in the document, and it should be within three months.Getting started is easy!
CLICK TO ACTIVATE OFFER
CLICK TO ACTIVATE OFFER
Choose if you want to form a new LTD company or simply require a business current account. Ensure referral code: FREELTD75 is active during registration.
Choose if you want to form a new LTD company or simply require a business current account. Ensure referral code: FREELTD75 is active during registration.
TELL US ABOUT YOUR COMPANY
What is the name of your business, what does your business
do and who are the shareholders (if you decide to form a new
LTD company)
SCAN YOUR ID AND TAKE A SELFIE
To securely verify who you are. The verification process is
automated and is usually instant.
ACCOUNT APPROVED IN MINUTES
Your current account should be setup in minutes (your
limited company formation make take up to 24 hours to
complete if you have requested one)
What you'll need to register your company if you decide to activate offer two
Unique company name
Use the search tool once you have activated the offer to instantly check if your company name is available.Registered office address
This will be where official communications are sent, for example, letters from Companies House. The address must be in the UK and you can opt for a Tide ‘virtual office address’.Director and shareholder information
You’ll need the name, nationality, date of birth, occupation and address of the director. If there are more than one director or shareholders, you can add this detail later directly with Companies House.