get UK operations set up
At Move Up, we understand that expanding your business into the UK market can be a daunting task, but it doesn’t have to be. We are here to help guide you through the process of registering your South African business in the UK, ensuring that everything is done correctly and efficiently.
There are three main approaches that South African businesses can take when it comes to registering in the UK:
Setting up a UK subsidiary: This approach involves setting up a separate legal entity in the UK, such as a limited company, and registering it with Companies House. This allows for the business to have its own identity and legal standing in the UK. Pros of this approach include being able to claim UK tax residency, having limited liability protection and being able to enter into contracts in the UK. Cons include the added administrative costs and compliance requirements.
Registering as a branch: This approach involves registering the South African business as a branch of the parent company, rather than setting up a separate legal entity. This approach is less complex than setting up a subsidiary, as the parent company is responsible for compliance and registration. Pros of this approach include lower costs and less administrative requirements. Cons include having no separate legal identity and being fully liable for any debts incurred by the branch.
Using a UK agent or distributor: This approach involves appointing a UK agent or distributor to represent the business in the UK. The agent or distributor will be responsible for registering the business and managing compliance requirements. Pros of this approach include low costs and minimal administrative requirements. Cons include having less control over the business and the agent or distributor may not have the same interests as the business.
At Move Up, we have a team of professionals ready and able to help roll out your expansion into UK markets. Contact us today to find out more about our services and schedule a consultation with one of our experts.