UK Company Formation Frequently Asked Questions

Question 1

Do I need to live in the UK to form a UK company?

Accepted Answer

No. You do not need to live or reside in the UK. A non-resident can set up a UK limited company remotely with a valid identity document and proof of address.

Question 2

How long does UK company formation take?

Accepted Answer

Standard applications are usually incorporated within 24 to 48 hours. Faster services can shorten the setup window further when all documents are ready.

Question 3

Which documents are required for company formation?

Accepted Answer

You typically need a passport or ID copy, recent proof of address, preferred company names, business activity details and director/shareholder information.

Question 4

What is the difference between an LTD and an LLP?

Accepted Answer

An LTD can be formed by a single person and is taxed as a company. An LLP requires at least two partners and is usually taxed through the partners individually.

Question 5

What is a registered office and why is it required?

Accepted Answer

Every UK company must have a legal UK address. This address appears on Companies House records and receives official mail. A professional registered office service protects privacy and improves presentation.

Question 6

How should I choose my company name?

Accepted Answer

Your company name must be unique and must not conflict with existing businesses. Sensitive words such as Royal, British or Bank may require extra approval.

Question 7

Is VAT registration mandatory?

Accepted Answer

VAT registration becomes mandatory once your annual turnover passes the UK threshold. Below that threshold, you may still register voluntarily if it supports your business model.

Question 8

What is the corporation tax rate?

Accepted Answer

Corporation tax depends on your profit band. Smaller profits are taxed at a lower rate, while higher profit bands are taxed at a higher rate under current UK rules.

Question 9

When must annual accounts be filed?

Accepted Answer

Annual accounts and corporation tax filings have separate deadlines after your financial year end. Missing them can lead to penalties, so a compliance calendar is essential.

Question 10

What is a Confirmation Statement?

Accepted Answer

A Confirmation Statement is the annual Companies House filing used to confirm that your company information is still accurate and up to date.

Question 11

What is a dormant company?

Accepted Answer

A dormant company is a company with no significant accounting transactions. It benefits from simpler compliance requirements and lower accounting overhead.

Question 12

Who needs Self Assessment?

Accepted Answer

Directors, shareholders, freelancers and individuals with certain types of income may need to file a Self Assessment tax return depending on their tax position.

Question 13

Which bank should I choose for my UK company?

Accepted Answer

That depends on how you operate. Wise and Revolut are strong for international transfers and multi-currency use, while traditional banks may offer broader banking products.

Question 14

Do I need to visit the UK to open a business bank account?

Accepted Answer

Usually not for digital banks. Most digital providers support remote applications, while some traditional banks may request an in-person or video verification step.

Question 15

How long does it take to open a business bank account?

Accepted Answer

Digital banks may open faster when your documents are ready, while traditional bank timelines can be longer depending on their internal review process.

Question 16

Which documents are needed for a business bank account?

Accepted Answer

Banks commonly ask for incorporation documents, constitutional documents, identity and address proofs for directors or shareholders, and a short activity description.

Question 17

Do I need a UK company to sell on Amazon UK?

Accepted Answer

It is not always legally mandatory, but using a UK company usually gives you better operational structure, stronger trust and access to banking and VAT advantages.

Question 18

What does an Amazon Professional Seller account cost?

Accepted Answer

Amazon Professional Seller accounts come with a fixed monthly subscription plus referral fees by category, and additional FBA fees if you use Amazon fulfilment.

Question 19

What is FBA?

Accepted Answer

Fulfilment by Amazon means you send stock to Amazon warehouses and Amazon handles storage, packing, shipping and part of the customer service process.

Question 20

How long does Amazon seller account approval take?

Accepted Answer

When documents are complete, approval often arrives within a few working days. Additional verification requests can extend the process.

Question 21

What products can I sell on Amazon?

Accepted Answer

Many categories are open, but some require extra approvals, certificates or compliance documents. Restricted product lists must also be checked in advance.

Question 22

How are your services priced?

Accepted Answer

Our pricing depends on the service scope and package level. We aim for transparent pricing and avoid hidden fees.

Question 23

Which payment methods do you accept?

Accepted Answer

We generally accept cards and bank transfers, and in some cases alternative payment methods can be arranged depending on the project.

Question 24

How do your support channels work?

Accepted Answer

We provide message-based support through WhatsApp and email. Phone support is typically strongest during working hours, while out-of-hours messages are answered as soon as possible.

Question 25

Which languages do you support?

Accepted Answer

We provide support in Turkish and English. Official UK documents remain in English, but we can guide you through the process in either language.

Question 26

Can I get help for an existing company too?

Accepted Answer

Yes. We support existing UK companies with accounting, VAT, director updates, registered office changes and other compliance or operational work.

Question 27

Is First Choice Bookkeeping an authorised provider?

Accepted Answer

We operate with a compliance-focused approach and follow the relevant formal requirements for company registration and related services.

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