Under the UK Law there are four types of companies one can register:
Private Companies Limited by Shares: The liability of each shareholder to creditors in this case is limited to the capital originally invested.
Private Company Limited by Guarantee: This type of company set up is mostly used for charitable work and cannot be used for a company seeking to make profit. The shareholders are only liable for the amount that they have agreed to contribute to the assets of the company in case it gets wound up.
Private Unlimited Company: In this case the shareholders will have no limit to their liability in regards to the private company.
Public Limited Company: The shares in the PLC are offered for sale to the general public, and the shareholders will be liable for the capital originally invested.
A memorandum of association must be established for people to form a company. Public and Unlimited companies must have at least two shareholders.
Company Director Requirements
In general, any person can become a company director, given that the person is mentally competent and is of sufficient age to understand the responsibilities and obligations that come with the position.
Furthermore, the director should not have been disqualified by a court from acting as a company director and should not be an undischarged bankrupt. Both conditions, however may be overridden with leave of court.
Number of Officers in a Company
For private limited companies the Companies Act 2006 requires at least one director over 16 years of age and a secretary.
A public limited company will require a minimum of two directors and one secretary formally qualified for the position.
Within reason there are no restrictions on the name to be chosen for the company. Companies House, however, will not register a name which is exactly the same as another company. Moreover, when registering a company, it is important to make sure that the name will not cause offence as such names will not be allowed by the Companies House.
Company should also be careful not to choose a name already trademarked or patented by another company as legal actions may follow.
Companies limited by shares (both private and public) must submit a statement of capital and initial shareholdings. The statement will be filled out under the application of incorporation as well as the annual return filing.
The Statement of Capital must show:
On 16 March 2017, the Home Office has released a Statement of Changes to the Immigration Rules. These new changes will affect those applications that need to have a Certificate of Sponsorship and these changes will be in effect on 06 April 2017.
What you should know about European visas after Article 50. The UK Prime Minister Theresa May has so far not changed her mind in regards to the plans of triggering Article 50 before the end of March 2017.
For international students who wish to remain in the UK longer or would like to eventually settle. There are options to choose from, granted you are willing to stay.
As of 16 January 2017 the Prime Minister of the United Kingdom, Theresa May, has given hints that the UK is moving towards a hard Brexit. Although Theresa May insists EU citizens are ‘welcome’ to be in the UK, she cannot guarantee the right of EU citizens in the UK at an early stage. These are troubling news for Europeans and British Citizens currently living and working in the UK.
As of 24 March 2016, the UK government has announced new changes to Tier 2 type visas. This is the migration route for those who have a confirmed job offer to undertake skilled employment in the UK.
The UK government has recently introduced a significant amount of changes to immigration rules and procedures that can influence nationals of European Economic Area. These changes will come into force on the 1st February 2017, however, some changes are happening now.
A new Statement of Changes to the Immigration Rules HC667 has been laid down on the 3rd November 2016. These changes come in a whopping 90 pages however, most changes are in the language itself rather than effect. The significant changes include the increase of the minimum salary requirement of Tier 2 skilled workers; the introduction of a fresh English language requirement for family immigration regarding to Tier 4 visa and the removal of the previous 28 days’ grace period for making out of time immigration applications.