020 7321 0999 /

Starting Your Business in UK

STARTING YOUR BUSINESS IN THE UK

While there are regulations on the use of business and trading names, permission is not required to establish a business in the UK. However, Finance, defence and oil exploration and some other regulated businesses are subject to licence.

There is no minimum age limit in the Companies Act for the appointment of a director in England and Wales. However, Companies House recommends that companies should seek legal advice if they intend to have a very young person as a director. In Scotland, the minimum age limit is 16.

Overseas companies and individuals
Overseas investors may set up or join in businesses registered in the UK.

Turkish nationals
Information for Turkish nationals who are self-employed or wish to take up self-employment in the UK can be found in the section on Sole Traders.

You can look at the overview below or go directly to a section to learn about a particular business set up or access to further information and service providers.

» Types of Businesses in the UK
» Setting up a Partnership
» Setting up a Franchise
» Setting up a Limited Company
» Alternative Overseas Business Models
» Links to Company Formation Agents
» Links for Information and Service Providers

TYPES OF BUSINESS

For an overview of the main types of business organisation in the UK; the Sole Trader, Partnership, Franchise, Private Limited Company and Public Limited Company, click on Business Types.

SETTING UP BUSINESSES

To find about the documentary, procedural and other requirements of setting-up of a Sole Trader, Ordinary Partnership, Limited Liability Partnership, Limited Company or Franchise, click on:

ALTERNATIVE BUSINESS MODELS FOR OVERSEAS INVESTORS

Overseas investors, instead of registering a company for their businesses in the UK, may also open a branch or liaison office, or join a partnership or joint venture. To view these alternative overseas business models, click on Overseas Business Models.

LINKS FOR COMPANY FORMATION AGENTS

You can select a company from a list of Chamber recommended service providers that can offer services to assist and advise you throughout the formation, registration and after incorporation stages of setting up a business in the UK or Turkey. To view the list of service providers, click on Company Formation Agents.

LINKS FOR INFORMATION AND SERVICE PROVIDERS

This section contains information and useful links to TBCCI web site pages and other web-based resources relevant to setting up your business in Turkey or the UK. For your convenience, some key links are displayed within the sections. Site visitors can also search for and display any link by title, country or category to access to information, advice, documentary requirements, commercial service providers and government authorities.

You can find links about Visa requirements, Customs, Export and Taxation advice, Consular services, Hotels, Business Contacts, Airlines, Coach Companies, Translation-Interpreting Services, Exhibition-Conference Centres, Tax and Accountancy Firms, Law Offices; Travel, Freight and Estate Agents and other services in Turkey and the UK. To view these links, click on Information and Service Providers.