What to do after you form your company

Once your UK limited company has been successfully registered, there are several important steps you should take to ensure your business is compliant and ready to operate smoothly.

Set up a UK business bank account

It is recommended to set up a dedicated business bank account to manage company finances. Many UK banks require proof of identity and business documentation, and some may require a UK address or in-person verification. If this is difficult, consider digital banking providers that support non-residents. Click here to see our recommended banks.

Register for Corporation Tax

All UK companies must register for Corporation Tax with HMRC within 3 months of starting business activity. If your company is not yet trading, you must confirm this with HMRC. This can be done online here.

Understand your accounting obligations

You are required to keep accurate financial records, including income, expenses, and company transactions. Each year, you must:

• File annual accounts with Companies House
• Submit a Corporation Tax return to HMRC

Many non-resident owners choose to hire a UK-based accountant to help with their accounting obligations.

Check if you need to register for VAT

If your taxable turnover exceeds the VAT threshold of £90,000, you must register for VAT. You can also register voluntarily if it benefits your business.

File a confirmation statement annually

You must file a confirmation statement with Companies House at least once a year to confirm that your company details (directors, shareholders, address) are up to date. 

If you would like us to monitor your Companies House deadlines and help you stay compliant, check out our Hassle-Free Compliance Service.