Registering a Company in London Online

jazzmanq

12 years ago

I used companiesmadesimple, very nice.

Thanks

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Alexa Smith

Banned 12 years ago

Originally Posted by londonwarrior

If you set a UK company and want to give financial advice then you will most likely need to register with someone like the FSA. And you will probably need financial qualifications. Financial services in the UK is highly regulated and you will get a huge fine if you are offering advice without registering with the correct agency. I don't know much about it, but it's something you need to look into.

You will also need to file annual accounts, so will probably need a UK accountant.

If you fail to do the above then you company is likely to be struck off.

This.

All of it.

You need legal advice, Dima, but to the best of my knowledge you can't offer financial advice through a UK company without being licensed and regulated. I don't suggest that you'll be arrested in St. Pete, of course, but your UK company will get into big trouble, I think.

Thanks
1 reply

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dimadima

12 years ago

Originally Posted by Alexa Smith

This.

All of it.

You need legal advice, Dima, but to the best of my knowledge you can't offer financial advice through a UK company without being licensed and regulated. I don't suggest that you'll be arrested in St. Pete, of course, but your UK company will get into big trouble, I think.

Thanks for the kind advice. Besides registering in UK - what other alternative route you might suggest? I want to be registered outside of the Russia - I personally not plan to live here - I am in another country. I am just registered there as a Russian citizen. Do you know of other European countries where it might be possibel to register the company without the need to be accountable to some firm financial regulatory body?

Thanks
1 reply

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Alexa Smith

Banned 12 years ago

Originally Posted by dimadima

Do you know of other European countries where it might be possibel to register the company without the need to be accountable to some firm financial regulatory body?

Sorry - not my subject at all.

Many UK company registration agents (not all) are themselves accountants (and regulated, and ought to be safe to deal with, I think), and often an "accommodation address service" is included or available separately. You can also get nominee director services and so on. I think this is quite a good place for advice, if it helps: UK Business Forums - the UK's most active help and advice forum for owners, managers and entrepreneurs of small businesses and startups.

Thanks
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dimadima 12 years ago

Yes, Alexa, thanks!) I investigated their offering and was close to proceeding when I was reminded abotu the FSA. I plan to provide technical analysis service. Providing the analysis for major currency pairs and also providing periodical trade recommendations with precise entry and exit levels. I am not sure how to classify it according to FSA. Can anyone please help? I am not going to deal with the client's money at all.

Maybe if I remove trade recommendations the service can be made exempt from the necessity to be registered with the FSA?
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- Alexa Smith Banned 12 years ago
  
  Originally Posted by dimadima
  
  Maybe if I remove trade recommendations the service can be made exempt from the necessity to be registered with the FSA?
  
  I just don't know enough about it, Dima, sorry (in spite of doing some forex trading myself!) - but my guess is that you may well not need to be registered with the FSA for that. Plenty of people are selling "signal services" (including on ClickBank, I think?). You can easily get advice about this here - it's a UK-based trading forum full of experts: Trade2Win Forums
  
  Thanks
  
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dimadima

12 years ago

Originally Posted by londonwarrior

If you set a UK company and want to give financial advice then you will most likely need to register with someone like the FSA. And you will probably need financial qualifications. Financial services in the UK is highly regulated and you will get a huge fine if you are offering advice without registering with the correct agency. I don't know much about it, but it's something you need to look into.

You will also need to file annual accounts, so will probably need a UK accountant.

If you fail to do the above then you company is likely to be struck off.

Thank you for reminding me of the FSA. I will surely look into registering with them.

Besides this question of registering a company. Lets say I will use a hypothetical address which will be placed at the company checks for the time being...before the the company starts off full steam - do you think this can be a relatively safe route?

What woudl you personally recommend as an educational source to find more info on the best ways to register a company?

Thanks

Thanks

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dimadima

12 years ago

Thanks for the suggestion Alexa....glad to hear you do the forex trading as well) In terestign to hear that I might not to be registered with FSA from. I must definitely call them tomorrow.)

Thanks

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owlfowl

12 years ago

That should be okay, because internet based service don't require VAT or anything, so anyone can start and register any location from anywhere.

Thanks
1 reply

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Alexa Smith

Banned 12 years ago

Originally Posted by owlfowl

internet based service don't require VAT or anything, so anyone can start and register any location from anywhere.

And that piece of nonsense neatly illustrates exactly why you should never take accounting advice in a forum! :p :rolleyes:

[ 1 ] Thanks
1 reply

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dimadima

12 years ago

Originally Posted by Alexa Smith

And that piece of nonsense neatly illustrates exactly why you should never take accounting advice in a forum! :p :rolleyes:

Thanks for your helpful comments) I called FSA and it looks like a lot of the services which provide advice on investments would need to be regulated by them. They recommended the Association of Professional Compliance Consultants - apcc.org. uk . I wonder if anyone has experience dealign with them?

Besides that I have another question - what if I use fake UK address for the initial time of running my company. I understand simple online companies are not so rigidly required to be fully sound in the regard to all details about their whereabouts right?

IF I JUST USE FAKE LONDON ADREESS and when I have enough orders just proceed to registering a company? Or maybe use a fake USA New York agrees for the time being? I mean I am tryign to run a fully internet based business with potentially international reach so why shoudl I be regulated by anyone?)

Thanks
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rosetrees 12 years ago

Originally Posted by dimadima

IF I JUST USE FAKE LONDON ADREESS and when I have enough orders just proceed to registering a company?

That really doesn't sound to me to be a good way to start a business if you want it to be legitimate and long term.

As Alexa said, many accountants offer their address as a "registered address" for their clients' businesses. Find an accountant that offers this service. It's perfectly legit and many, even quite large, companies do this.
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Alexa Smith

Banned 12 years ago

Originally Posted by dimadima

Besides that I have another question - what if I use fake UK address for the initial time of running my company. I understand simple online companies are not so rigidly required to be fully sound in the regard to all details about their whereabouts right?

I don't know about this, but I think it'll cost you very, very little to arrange to use a real one, anyway. You have very little to gain from this, I think ...

Originally Posted by dimadima

I am tryign to run a fully internet based business with potentially international reach so why shoudl I be regulated by anyone?)

Because eventually it's going to cause you problems, if you're not. One way or another, these things catch up with you, and I don't think you'll actually be disadvantaging yourself by doing it legitimately, anyway? :p

Thanks
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dimadima

12 years ago

thank you for your helpful comments) I feel a little bit uneasy abotu having to comply with the FSA regulations - not that I offer something which might lighten up their radar - I am just not interested in spending so much time to be a fully accountable to them...in light of this I wonder if you can recommend any otehr country where I woudl not need to be accountable to a similar regulatory body?

I see it is possible to register a business in Ireland

irishformations. ie/

but not sure about the regulations there

What do you think?)

Thanks
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MovingAround

12 years ago

Originally Posted by dimadima

Hello!

I am interested in creating an online financial advisory service. I am normally based in Russia but think it would be better for the site if it showed the London address instead of the St-Petersburg, Russia. I wonder if you have experience registering a company in UK for the internet business? I have made a search and found the following offers:

companiesmadesimple. com/company-formation-name-search.html
smallfirmsservices. com /services/company-formation.aspx
companyformations247.co. uk/
blueskyformations.co. uk/company-formations

I wonder what you think of them?

Thanks

Dia

Originally Posted by londonwarrior

If you set a UK company and want to give financial advice then you will most likely need to register with someone like the FSA. And you will probably need financial qualifications. Financial services in the UK is highly regulated and you will get a huge fine if you are offering advice without registering with the correct agency. I don't know much about it, but it's something you need to look into.

You will also need to file annual accounts, so will probably need a UK accountant.

If you fail to do the above then you company is likely to be struck off.

Also, consider that there are quite a few companies online that are scamming people posing as FSA approved companies, most notably in developing countries.

If you are serious about doing this, you would have to be FSA approved to differentiate yourself from the scammers. I have worked in an industry related to the financial industry in other countries and know these scammers very well.

Thanks
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dimadima

12 years ago

Originally Posted by MovingAround

Also, consider that there are quite a few companies online that are scamming people posing as FSA approved companies, most notably in developing countries.

If you are serious about doing this, you would have to be FSA approved to differentiate yourself from the scammers. I have worked in an industry related to the financial industry in other countries and know these scammers very well.

Thank you for another dose of the common-sense into this murky issue))) at least for me) I am mostly concerned with the price and the time investment needed to be made for me to become authorized by FSA - maybe you can recommend another country in Europe with low capital requirements which will not be so highly regulated? I surely am not scammer and am planning to introduce a rather new and in some ways revolutionary product of market analysis so I need to be full transparent in this regard,

Thanks

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Geoff101

12 years ago

I used UK Company Formations, Company Registration, Limited Company Setup for registering a UK company few years ago. They also help to get a business bank account.

Thanks

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dimadima

12 years ago

I wonder if you think there are other countries in European Union which offer as easy process of setting up a company as United Kingdom but which are not so heavily regulated by the financial watchdog as those in UK by FSA?

THANKS A LOT FOR YOUR TIME!

Thanks

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dimadima

12 years ago

please let me know what you think. your input is very important for me)

Thanks

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wendyaoao

Banned 12 years ago

[DELETED]

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RyanGillam

12 years ago

Are you the same guy from UK Business Forums (I am guessing so as the posts are exactly the same)

If so then I would not go with your business, especially with a fake address and if you weren't registered with the FSA.

If you are unwilling to do things 'legally' are you actually going to pay taxes in the UK?

You are offering a financial service, nobody will pay any attention to you if you are not willing to be regulated by the FSA, just suck it up and do it. It will benefit your business in the long run.

Thanks
1 reply

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dimadima

12 years ago

Originally Posted by RyanGillam

Are you the same guy from UK Business Forums (I am guessing so as the posts are exactly the same)

If so then I would not go with your business, especially with a fake address and if you weren't registered with the FSA.

If you are unwilling to do things 'legally' are you actually going to pay taxes in the UK?

You are offering a financial service, nobody will pay any attention to you if you are not willing to be regulated by the FSA, just suck it up and do it. It will benefit your business in the long run.

Yes, if I register there I am going to pay the taxes there...if all goes well I might eventually emigrate there....I will need to consult with FSA compliance firms about what they can offer....What if I register at the off-shore zone? Do you think that can dampen my credibility? thanks a lot again!)

Thanks

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Andrew1122

Banned 12 years ago

you can get virtual London address even virtual office for very cheap,google it up

Thanks
1 reply

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dimadima 12 years ago

Originally Posted by Andrew1122

you can get virtual London address even virtual office for very cheap,google it up

Yes. what about the off-shore zones?)
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dimadima

12 years ago

maybe you can recommend a simpler way to offer financial constancy service worldwide? I am getting more and more confused with all this regulatory framework....

Thanks
1 reply

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dimadima 12 years ago

I forgot to mention that have a forex website at a USA registrar which has been online for quite some time which provides free forex education and which has been steadily attracting visitors - I have some visitors now that I wish to present my service to...Let me describe the service as well - it will be purely informational service - I will tell where are the major levels are - for example where are the major historical price levels are from which the price will invariably reverse when it approaches it........I will add short trade recommendations close to each level...but that will remain as the information I mean I will not personally call anyone to trade - nor will I advise anyone in person or in private....just pure information...I will also provide more detailed entry and exit signals but that will be standard signals issued by all signal providers of whom there are millions over the internet....

Do you think I will still need to be regulated by FSA or a similar regulatory body elsewhere????
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Registering a Company in London Online

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