If you have an entrepreneurial streak and want to set up your own business, the United Kingdom is an excellent option.
Opening a company in England is much less bureaucratic than you might think.
Best deals for Brazilians
If you have an entrepreneurial spirit and a strong desire to live outside Brazil, an available option would be to open a company in England.
You can set up your own business, start a Start-up or invest in a franchise network, for example.
The companies that tend to be more successful and can generate more profit are those that already have a reputation in Brazil, such as in the food sectors - restaurants, typical and regional Brazilian products -, footwear, lingerie and beauty (massage, waxing, makeup, hairdressers ).
But businesses in the field of marketing, technology and IT also have a lot of strength in the British market.
Other options are in the service sector, such as residential cleaning, construction and renovation, personal and cargo transportation, among others.
Can I open a company in England with a Brazilian passport?
Yes! You can open a company directly in Brazil.
It is not necessary to live in England or have a European passport.
But first of all, it is important to prepare a good business plan.
In general, the entrepreneur must choose the modality that best suits his business: individual company; limited company or partnership.
Depending on the sector in which your company will be linked, registration will also be linked to other procedures, such as taking out insurance and obtaining licenses.
That's why we advise you to look for companies that specialize in the subject.
How is the process compared to Brazil?
Fortunately, the procedure for opening a company in England is not long and requires much less bureaucracy than in Brazil.
Of course, if you are interested in setting up a business in England, you won't completely get rid of the paperwork.
The British government is quite demanding, but the process is also very efficient.
Normally within a day your company is already open.
But despite being calmer, the recommendation is to look for an accountant in England who can help you with the entire process of registering your company.
What are the general requirements?
To open a company in England you will need to meet some requirements, such as:
- Be over 18 years old;
- For a limited company, minimum capital requirement of at least £1, but ideally the bank account should be opened with at least £100. If the company is equivalent to a limited liability company, the minimum share capital is £50,000;
- Have a bank account in England;
- It is recommended that the company has at least one director, one partner and the position of secretary; For the S.A company, minimum of three shareholder partners
Reasons to start a business in England
You don't need many reasons to open a company in England. Despite some uncertainties regarding Brexit, the country is one of the strongest and most stable economies in the world.
The currency is extremely valued, with the Pound worth more than the Euro.
Furthermore, the location is privileged, facilitating international trade.
If you have questions or would like to know more about opening a company or branch in England, send us a message right now at tnaccountants.com
TN ACCOUNTANTS, for over a decade, helping the Brazilian community abroad.
More than numbers, we seek to help people seek their extraordinary.
Contacts:
Email: info@tnaccountants.com
Location: London