Business Support
Business Support is mainly provided to clients who come or move to the UK or open a business here, or they plan to arrive on business visas.
How can we help?
We will help you with the following questions:
- Organizational and legal forms of commercial companies in the UK
- The areas of activity that are most profitable and promising at the moment in the UK
- Preparation of business plans
- Opening a bank account and registering a company
- Opening a virtual office at the first stage
- Features of UK taxation
- Credit and state support opportunities
- Accounting and reporting to tax authorities
Business visa and business plan
In the case of a business visa, it all starts with choosing a type of visa and a business plan development. Will this business plan be accepted by the approving authorities? If it is not accepted, then we need to make some adjustments, and after some time we will reapply again with these adjustments, corrections, additional documents and evidence.
First of all, you need to get a business visa. In order to get a business visa, you need to prepare a business plan very well, and when it receives approval from specialized bodies approved by the Home Office. After confirming the business plan, the client applies for a visa, and receives it.
Business visa gives the right to transfer all family members, wife and children mostly, but not parents.
Opening and registration a company
After arrival, you need to:
- open and register a company
- decide to register for taxes or not to register
We provide assistance on all these nuances and details.
There are many issues that we help to solve.
There are several types of companies in the UK, which can be registered:
- Public limited company (PLC)
- Private company limited by shares (LTD)
- Company limited by guarantee
- Unlimited company (UNLTD)
- Limited Liability Partnership (LLP)
- Community Interest Company
- Industrial and Provident Society (IPS)
- Royal Charter (RC)
There is a question also: “How is it better for the director to register as Self Employed or not?” There are some nuances on taxes.
When you register a company, you definitely need to choose your activities by numbers, one type of activity or two types of activities or several types of activities.
Opening a bank account
We will help you with choosing a bank and explain how to open a bank account. It is important what kind of bank should be used: online banking or high street banks. In case you are going to work with cash, we will tell you:
- How to work with cash, in the case of receiving cash from customers
- How is better to conduct cash on your company’s accounting
Office
If you need an office, we will give you recommendations:
- Where you can rent an office
- In which coworking spaces you can start with
- How to rent your personal offices in large office buildings
Accounting & Taxes, Fines, Loans
We give advises on taxes:
- What types of taxes there are
- How to maintain and submit annual or tax reports
We have an accounting department in our company for Business Support, which has a special Charter Account License. This is very important for the company, for business, because when you submit annual reports or tax reports, if it is on behalf of the chartered accountant the professional is able to solve all difficulties in case of any controversial taxes issues.
Sometimes business owners do not submit reports on time and receive fines. It is possible to challenge these fines, and our accountants explain how to do that, which letters and confirmations are needed to be written. If these controversial issues are regulated through an accounting company with a chartered accountant, then it gives a huge plus to companies.
- If a company signs an agreement with an accounting organization, then accountants will be responsible for the submission of accounting reports on time.
- The owner of the company does not need to open additional divisions, accounting departments such as employee salaries and taxes.
This entire headache goes to accounting companies and it will be their responsibility to track on time tax payments, salary payments, and bonuses.
Our colleagues help with all these issues. We also help in the case of business loans.
Credit rating of the company
How to build a company’s credit rating correctly?
What does it affect?
Notice
The company has its credit rating.
And the owner of the company as the director of this company also has his credit rating.
Both of these ratings are interrelated and influence on each other.
Consider the situation
The company has a good big turnover and a high credit rating, but the owner of the company does not have a Permanent Residence Permit.
Banks may refuse to lend to this company. Even if they approve a loan, they will have certain requirements to the company and the owner on the credit rating.
All these issues are discussed in the accounting department, and our company “BS Immigration” helps with them.
If you have any questions, you can write to us via WhatsApp or welcome to a consultation.