The benefits of registering a limited company to start a Forex business with Ukincorp Ltd: formally registering a Forex company in the UK can be an intricate, drawn out Forex company formation process. Ukincorp Ltd is well-established business formation agent in helping both UK and non-UK based customers in fully forming their Forex companies with minimal time, effort and cost involved. Also providing Forex companies post-formation support, Ukincorp offer guidance on who can form a limited company to start a Forex business, information on tax, liability, responsibility to start a Forex business, incorporation names and all associated tasks that come with formation a company for the Forex activity within the United Kingdom. If you are interesting with a Forex company formation, please check our Forex companies formation packages below.
NO HIDDEN CHARGES
This Forex company formation is for clients who want to start a Forex business and have an address in the UK, & want to keep it simple, paper free, no hassle or gimmicks.
The following documents will be sending via e-mail upon the formation of a Forex company:
NO HIDDEN COSTS
This Forex company formation with guaranteed bank account is for people who need to start a Forex business, and already have an address in the UK & require the company formation plus extra documentation provided by e-mail & by post.
This Forex company formation offer includes all services mentioned in the first option, plus:
NO HIDDEN FEES
This package is for customers who want to start a Forex business and all the traditional company formation with bound documents.
This offer includes all benefits mentioned in the first & the second options, plus free delivery of:
ANNUAL FEES FROM £75.00
If you are the resident of the UK who are looking to form a company to start a Forex business, and need to have prestigious registered address in London, this offer is for you.
This Forex company formation includes all benefits & items mentioned in the first & the second options, with the addition of:
ANNUAL FEES FROM £105.00
This package is especially for non-UK residents, who are requiring forming a Forex company to start a business with a registered address in London & secretarial compliance for one year.
The following items are included into this offer:
ANNUAL FEES FROM £455.00
This Forex company formation package especially for non-UK residents, who are requiring forming Forex company to start a business with a business address in London & a nominee director, bank account upon request.
This Forex company formation offer includes everything in the first option, together with the advantages of:
ANNUAL FEES FROM £605.00
This is one of the most popular Forex company formation packages with nominee shareholder, as an additional option to the nominee director, & registered office address.
This Forex company formation offer includes everything in the second option, plus the following benefits:
ANNUAL FEES FROM £605.00
This is our best Forex company formation package with all documents verified by solicitor or notary public & certified by the Apostilled stamp or Apostille seal affixed.
This Forex company formation offer includes everything in the third option, plus:
Heavily experienced in forming UK companies, Ukincorp act as an invaluable tool already used by many private and public companies nationwide. With countless forms, Forex company formation procedures and rules to consider, properly registering a Forex company without any previous experience is an unnecessarily difficult task. Ukincorp are a market leader, with market leading low costs to match, streamlining the formation of a new Forex company and complete the processes necessary on behalf of their customers.
To register a company for the Forex business activity in the UK, a registered UK office address is a must. If you do not have this, or you are a non-UK resident, you will likely be unable to complete the Forex company formation without of registered address in the United Kingdom. Ukincorp also offer a service providing a separate registered office address for non-UK customers, or similarly those wanting to maintain a separate trading address upon a Forex company formation.
Ukincorp employ a team of company formation professionals who are trained to help and offer advice in relation to the many legal hurdles presented when registering a business for the Forex activity in the UK. A rapid and effective service, Ukincorp are able to form a Forex company within as little time as one hour. After a consultation, customers are assigned their own company formation agent who will ensure each and every part of the registration is complete, as well as then handling the post-admin duties that come with running a company in the UK or abroad. This type of support allows you to focus on the real business needs of your new Forex company, without having to waste time on arduous admin tasks associated with registering a UK company.
Providing the correct information when registering your business is of paramount importance, and mistakes can be costly and time consuming. Hiring a professional Forex companies formation service will eliminate this risk. For more information, contact the Ukincorp's dedicated support team.
Benefits of registering a Forex company with Ukincorp: clients wishing to register a limited company (LTD) with Ukincorp can benefit from our long professional experience that means you get the best service and results. We make the process of the formartion of a Forex company - which can often be a complex and lengthy process - simple and straightforward, and we offer our services to those who are resident in the UK as well as elsewhere. In addition, our Forex companies' formation fees are low. Especially if you are not resident in the UK and do not have a required business address to officially register with the authorities when forming a Forex company, Ukincorp can provide one for that purpose. Talk to our expert consultants today - if you need an assistance with a Forex company formation in UK, you can also speak to our business advisors between 9.30am-6.00pm Monday to Friday by telephoning + (0) 207.935.5171 or + (0) 330.808.0089 (national rates).
There is no doubting that life as a Forex trader is very appealing to many people: you get the opportunity to own your time, be your own boss and work to your own schedule. In addition, there's virtually unlimited potential for Forex traders to make income for anyone with a computer, an online connection and a modest trading bank. Unlike many professions, financial trading is not one, which requires specific qualifications such as degrees or courses.
By registering through a limited company, your trading profits will be taxed at the small companies' rate of corporation tax. Any money you draw as salary must then be subjected to national insurance contributions via a PAYE scheme, as you will therefore be an employee or director of the company.
It's a good idea to register a limited company for your Forex business if you envisage your business taking on additional traders who will therefore be drawing on a salary from the company's profits each month.
If you are considering a new venture into Forex trading, a key consideration must be ensuring that the necessary criteria are met for a licence to be granted. Usually any business which acts as a Forex brokerage, rather than trading directly on the Forex market using their own monies, requires some form of licensing. If you need an assistance with a Forex company registrations in UK, you can also speak to our business advisors between 9.30am-6.00pm Monday to Friday by telephoning + (0) 207.935.5171 or + (0) 330.808.0089 (national rates).
If you want to set up a foreign exchange business in the UK, you'll need to start by establishing a company as the legal basis to run it from. Here at Ukincorp, we can help you get your company registered – a limited liability partnership (LLP) is one option - quickly and affordable.
You can simply use our online application form to give us all the details we'll need to register your company, and once we have them, we'll start the process with Companies House, the UK registrar of firms. We have a number of pre-formation services, such as providing nominee personnel and a registered office address, that you may wish to use.
Once your company is formed, we'll provide you with legal documentation to prove its existence, including the memorandum and articles of association. You can then go ahead and take the next steps towards establishing your Forex business, and we can assist you along the way.
Before you can run your Forex operation, you'll need to register with HM Revenue & Customs, and they will conduct what's known as a fit and proper test on you to determine if you're eligible to run such an enterprise. This test is essentially to do with Money Laundering Regulations and is relatively straightforward - but if you have previously been declared bankrupt or committed various offences for which you were convicted, you won't pass.
Next, you'll need to get approval from the Financial Services Authority, and if you just register as a "small payment institution" it's fairly easy. Among the requirements for approval are that the firm is based in the UK and has been registered with HMRC for money laundering. The FSA will carry out a number of checks on you, including to determine if you've committed any offences, before granting approval.
The responsibilities which any Forex trader, licensed or unlicensed, may have depends on a number of variables, including the source of the trading funds, the chain of responsibility and the terms of any relevant insurances. Like any other business, a Forex trader is also bound by the law where their business is incorporated, in particular as it relates to tax payment, financial reporting and incorporation. Licensing can sometimes bring an additional layer of bureaucracy, but not inevitably so.
Forex trading is, at its most basic, simply buying currency at a low price and then, hopefully trading it for a higher price in order to make a profit. Many people are drawn to Forex trading by the possibilities of swift wealth accumulation as well as the ease with which trading can be commenced. There is often considerable confusion about when Forex businesses require a licence and when they can trade without one. Take a look at circumstances where licensing is important and where it can be avoided
Who is your audience?
If you're simply trading using your own monies and aren't investing resources belonging to other people or agencies, then there is no need to be licensed. Ukincorp Ltd can give you information regarding everything you need to do to get your company registered, incorporated and operational, either abroad or in the UK. Once your organisation has been legally constituted, you can trade as and when you wish with your own resources.
Foreign incorporation: if you base your business outside the UK, for example in Belize or Panama, then you can invest using money from other people, provided you adhere to the rules of the country where your company is registered. Many offshore locations do not require brokers to be licensed in order to work. Ukincorp Ltd can advise on those countries which might best suit your needs for a corporate base, as well as help with all the necessary paperwork.
UK trading: whilst you do normally need a license if you're intending to offer a brokerage service to UK customers and are UK based, you can still legally trade in the UK and offer brokerage services without a license in some circumstances. Ukincorp Ltd have a significant track record in providing specialist advice on all aspects of Forex trading start-up and can give you further information.
If you are considering a new venture into Forex trading, a key consideration must be ensuring that the necessary criteria are met for a licence to be granted. Usually any business which acts as a Forex brokerage, rather than trading directly on the Forex market using their own monies, requires some form of licensing. Take a look at the key requirements which are almost invariably needed in order for a license to be obtained.
An incorporated company: before a company can start to trade, either as a brokerage or directly on the Forex market, it is essential that it is legally formed and incorporated. This involves the production of a memorandum and articles of association, as well as the appointment of individuals to fulfil key roles (for example directors and a nominee). Incorporation need not be undertaken solely in the UK; Ukincorp Ltd can assist with all aspects of incorporation for companies located in offshore locations such as Belize, Saint Vincent, or Panama as well as British-based enterprises.
A bank account: it's obviously impossible to trade on the Forex market without an appropriate bank account. Not only does the account need to be suitable for an international finance operation, it also has to be appropriate for the country where your company is incorporated and suitable for the nature of your activities. Not only can Ukincorp Ltd provide recommendations on the most appropriate account, they can also undertake all the administrative work necessary to get your bank account up and running promptly, even when it's an overseas one.
Transparency, accountability and administration: no matter where you apply for a license, it makes good business sense to ensure that you have robust financial systems in place and appropriate record keeping to chart transactions. Ukincorp Ltd can undertake all this work for you, as well as provide timely financial reporting and assistance with tax matters.
In the wake of the UK banking crisis, there has been considerable attention given to tightening up the rules which govern financial institutions that offer their products to the public. The Financial Services Authority keeps a publicly accessible directory of registered traders and related businesses. These have satisfied the FSA's rigorous standards for financial reporting, fiscal propriety and sound customer care; many potential investors check whether a trader is FSA registered before deciding to do business with them. That said, it's not essential for a trader to be registered; take a look at how traders can still operate legally without FSA registration.
No outside investors: if your business has been set up solely as a trading vehicle for your own funds and assets, then clearly if you're prepared to put up with any losses you make then there's no need for licensing. A key benefit of FSA registration is that funds are covered by FSA insurance, but if you're content to forego that benefit then it's perfectly legal to trade. Ukincorp Ltd can advise on the best corporate structure to adopt if this is your preference.
Foreign investment: whilst a UK audience is often keen to invest with an FSA registered business, there are a large number of investors outside the UK who don't see FSA registration as a priority, If your operations are largely focused on an international market, it could well be the case that FSA registration just isn't necessary for your aims and objectives to be met.
Foreign incorporation and registration: obviously a trading business which is registered outside the UK does not need to comply with FSA requirements. Ukincorp Ltd are experts in setting up international businesses in several popular offshore destinations, including Panama and Belize. Opting to operate outside the UK can allow effective trading without the need to for FSA or European registration.
The responsibilities which any Forex trader, licensed or unlicensed, may have depends on a number of variables, including the source of the trading funds, the chain of responsibility and the terms of any relevant insurances. Like any other business, a Forex trader is also bound by the law where their business is incorporated, in particular as it relates to tax payment, financial reporting and incorporation. Licensing can sometimes bring an additional layer of bureaucracy, but not inevitably so. Discover below why being unlicensed can result in just as much paperwork as becoming a licensed trader.
Every business generates paperwork: even if you're not investing other people's money and don't see the need to become a licensed Forex trader, it's still necessary for your business to be legally registered in its country of operation. This involves a considerable amount of specialist paperwork, which is why many entrepreneurs use Ukincorp Ltd to facilitate their business start-up. Ukincorp works rapidly, ensuring that all the correct approvals, registrations and documentation is completed in a timely manner.
Insurance considerations: many traders protect themselves against unexpected loss through insurance. Almost inevitably a suitable policy will stipulate the necessity for appropriate records relating to transactions to be kept up to date. In addition, should the business be queried by a tax authority, it's important that accurate, up to date financial information is on hand to clarify what the tax position might be.
Business credentials: whilst many international traders may be fairly ambivalent about UK licensing, they may well want to see evidence that the company with whom they're about to do business with is fit for purpose. Ukincorp Ltd can quickly put in place robust financial management systems, comprehensive reporting mechanisms and provide plenty of suitable documentation which will demonstrate the high calibre of your organisation.
A good forex brokerage is much more than a place for customers to deposit their funds, make some trades and hope for a good return on investment. The Forex brokerage market is extremely competitive, so it's a good idea to have the ability to provide your customers with as much information and tools as possible. At Ukincorp Ltd, we understand what separates the good forex brokers from the great ones.
World-beating customer service goes a long way: try to be as approachable as possible through all channels - on the phone, via online chat or in person, if at all possible. As far as money is concerned, your customers will want to be able to get in contact at all hours of the day for reassurance and advice regarding their investments. Get your customer service right and you're on the right track.
Registering your company LLP means your customers can trust you: a certificate of incorporation sends a message to your prospective customers that you're a company they can trust. With Ukincorp Ltd, registering a company in the UK or overseas could not be simpler – when registering, you'll also receive a tailor-made memorandum, articles of association and an optional corporate bank account with one of the UK's largest financial institutions.
Offer expert advice: experience in the Forex markets is crucial. If you can provide your customers with well-informed information and advice at no extra charge, chances are they'll spread the word about how good your business is.
Provide technical analysis: your traders will expect to be provided with all the tools, charts and graphs they need in order to analyse the performance of their investments. More features are always better when it comes to market analysis, so be sure to offer detailed trading statistics.
Keep your customers up-to-date: Offering up-to-date news and reports on your Forex brokerage site will provide your customers with the confidence that you've got your finger on the pulse of the markets. Try linking feeds from larger brokerages.
If you are a Forex trader that has a UK audience, FSA registration is extremely useful. The FSA (Financial Services Authority) sets standards for the conduct of financial institutions; these standards ensure financial products are sold in a transparent fashion. Unfortunately, for traders, registration requires meeting detailed reporting requirements, which can take a considerable amount of time and energy.
Financial reporting: in addition to ensuring that client funds are kept in a separate bank account, FSA registered brokers also need to use a bank that has appropriate insurances and safeguards in place to provide a high level of protection to client money. The Forex trader is also required to submit regular financial reports, an annual audit and other information as and when required to the FSA in order to retain their registration.
Dealing with the paperwork: provided trading is being undertaken in a legitimate manner and clear records are kept of each transaction, the production of regular financial reports will be straight-forward. Ukincorp Ltd can provide expert assistance in ensuring that suitable information collection systems, checks and balances are put in place, maximising your chances of satisfying the FSA.
Reporting is easy with Ukincorp Ltd: rather than spend hours totting up columns or double checking transactions, why not let Ukincorp Ltd get the job done? With extensive experience in the production of high quality, relevant and timely reports, audits and financial data, Ukincorp Ltd also have the right skills to successfully undertake the day-to-day record keeping that is essential to FSA registered traders.
In the information age, each and every one of us now possesses the ability to launch an online business with the potential to capture an international customer base in next to no time at all – essentially, a good idea can yield potentially limitless returns within a matter of months, or even weeks. One particular industry which has continued to witness exponential growth on an unprecedented scale in recent years is foreign exchange brokerage, commonly referred to as the Forex market.
Forex brokers typically connect individuals wishing to trade on foreign currencies with the Forex market, providing an easily accessible platform for customers to trade on what is known as the "interbank", which is essentially an easy way of describing the manner in which international banks trade with one another at prices which vary from institution to institution.
Of course, there are numerous complex legal practicalities one has to take into account before setting up as a Forex broker, including company registration. Without the expertise required to register a company, you could be missing out on any number of potential benefits and rewards associated with forming a corporation or limited liability partnership (commonly abbreviated as LLP).
Ukincorp Ltd offers a range of affordable UK company formation and registration options, allowing aspiring Forex brokers to maximise their potential, with guidance on what sort of registration will help to best maximise profits on the global Forex market.
By choosing Ukincorp Ltd to facilitate your company or LLP formation, you'll get a certificate of incorporation, a memorandum and articles of association bespoke tailored to your business, and an optional corporate bank account with one of the UK's leading financial institutions. What's more, you'll receive expert advice on the best ways to use taxation benefits to make the best of your assets.