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Open Limited Company UK In Nigeria. Ready to take your entrepreneurial journey to the next level? In our latest video, we dive deep into how to **Open a Limited Company UK In Nigeria and it's easier than you think!
Discover essential step-by-step guidance on registration processes, legal requirements, and tax considerations that could unlock lucrative opportunities for your business. Whether you're a savvy entrepreneur or just starting out, this video is packed with valuable insights you won't want to miss!
Don't forget to LIKE, SUBSCRIBE, and hit the notification bell to stay updated on all things business! #LimitedCompany #Nigeria #Entrepreneurship 📈
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0:00
two days after forming a UK company I
0:02
Reed an email saying congratulations as
0:05
you can see your company R limited is
0:07
now registered in this video I'm going
0:09
to show you how you can form a UK
0:11
company with £12 or $15 though I've made
0:14
a previous video in the past but the
0:16
method was expensive and it doesn't work
0:18
for Nigeria and other African countries
0:20
as well but in this method we are going
0:22
to be forming a UK company directly from
0:25
UK government's website if you want me
0:27
to register it for you go ahead and
0:29
message me on website with the link in
0:31
the description or you can contact
0:32
official r support on telegram at
0:35
support So no matter your country you
0:37
can form a UK company you don't need ID
0:39
verification you don't need
0:40
International passwort to complete the
0:42
application you can do this 100% online
0:45
and in few days you receive your UK
0:48
formation documents in your email
0:49
address together with your company
0:51
number meaning you can start using the
0:53
company immediately for whatever reason
0:55
you want to use it for so I've included
0:57
the link in the description of this
0:58
video this link will bring bringing
1:00
directly to the UK Government website
1:02
and at this session this is where you
1:03
start forming your UK company so let's
1:06
get started in forming our UK company so
1:08
when this page open like this scroll
1:10
down you will see that it cost 122 and
1:13
you can make payment using debit or
1:15
credit card and also PayPal that is
1:17
where you might find it difficult
1:18
because most countries debit card is not
1:20
working on this particular website
1:22
country like Nigeria Ghana is not
1:24
working on this particular website and
1:26
if your own doesn't work please consider
1:28
giving me the service to do it for you
1:30
check my R profile in the description
1:32
below contact me and I'll complete the
1:34
registration so go ahead and click on
1:36
register now and at this point this is
1:38
where you start your application this is
1:40
your registration so let's do this
1:46
[Music]
1:53
[Music]
1:55
together a code was sent to my email
1:58
address so in your own case code will be
2:00
sent to your email address check your
2:02
email address and get the code and enter
2:04
it in this
2:06
box create a
2:09
password so it says my government gway
2:12
user ID is here so there is a number on
2:14
my screen the number has been sent to my
2:16
email address so you will also get your
2:18
own in your email address and you will
2:20
need this ID whenever you want to sign
2:22
up to your government Gateway or profile
2:25
so let's
2:28
continue it will ask you how you want to
2:31
get access to the code do you want it
2:33
through text message voice call or
2:35
authenticator app if you CH voice call
2:37
that means you also need a UK mobile
2:39
number if you CH text message you also
2:41
give them a mobile number so you may
2:43
also go ahead with authenticator app for
2:45
smartphone and tablet so go to your
2:47
Google Play store or your Apple Store
2:49
and download Google Authenticator
2:53
app in this case what you need to do is
2:56
to click on the plus icon in the Google
2:58
Authenticator app now you choose whether
3:00
you want to scan with the QR code if you
3:02
want to scan with a QR code then you
3:04
will need to scan this QR code so when
3:06
you complete any of this option you will
3:08
need to have a code that expire every 30
3:10
seconds on your registration click on
3:13
continue then on your gole authenticator
3:15
app you have to copy the
3:18
code copy the code before it expired and
3:21
give it a name now you have set up
3:23
additional security let's continue which
3:25
email do you want to use for this
3:27
application just go ahead and choose the
3:29
email you enter during registration what
3:31
is your relationship to the company so
3:34
that will be a company director will the
3:36
company be a community interest company
3:38
they're asking you if the company exist
3:40
to benefit the community depending on
3:43
what you want to use the company for you
3:44
can select your answer is the company
3:47
limited by shares or limited by
3:49
guarantee and you can see the definition
3:51
of each of them if you want to make
3:52
profit from your company then is limited
3:54
by shares if you don't want to make any
3:56
profit that means is limited by
3:58
guarantee since this company is
4:00
registered for the purpose of making
4:02
profit that means is limited by shares
4:05
this is the point where you enter a
4:06
company name your choice of company name
4:09
you need to take your time and come up
4:11
with outome company name you will give
4:13
your company so in this case you just
4:16
have to enter the name only there will
4:17
be the one to complete it for you such
4:20
as limited so just enter the company in
4:22
this case I'm going to enter the company
4:24
name I want to use and the next one says
4:27
which company's ending name would you
4:29
prefer to go on public record so in this
4:31
case this is where you choose if you
4:32
want the company name to end with
4:34
limited that is the full spelling or you
4:37
want the short spelling make your choice
4:39
if you want the full spelling or the
4:41
short spelling next question what is the
4:43
company registration office address and
4:45
remember whatever address you are going
4:47
to put here will appear available online
4:50
and people can see it on search results
4:52
so you can use your home address in the
4:54
UK or your business address in the UK
4:56
but in this situation you don't live in
4:58
the UK and we need to generate a UK
5:01
address and this is what Google can do
5:03
for us so you just have to open a new
5:05
tab and start to generate a UK address
5:07
so the search result here will give you
5:09
a random UK address that you are going
5:11
to use for the registration but remember
5:14
in this case we just need the address in
5:16
order to complete our application so
5:18
make your
5:21
choice whether is a random UK address or
5:24
the one you bought online put it here
5:26
then confirm and continue so it's asking
5:29
you where the company will be registered
5:30
you can choose anyone you want here but
5:32
I will go with egland so the next
5:34
question is what is the company
5:36
principle place of business you can
5:38
select the address you choose previously
5:40
you can also choose a different address
5:42
because the address is not going to show
5:44
on public record nobody can see this
5:47
address the next page will ask you to
5:49
give them more ways to contact you if
5:51
you have a UK number you can put it here
5:54
but if you don't have don't worry your
5:56
email address is okay for them to
5:58
contact you go ahead and click click on
6:00
Save and continue next the new company
6:03
replacing another business if it's a new
6:05
company just click on no and continue
6:08
when will the company start trading so
6:10
just select anyone that applies to your
6:12
business do you want to start the same
6:14
day it get set up or you don't have
6:15
plans to start trading just click the
6:18
one that applies to your business and
6:20
continue next question in the first 3
6:22
months of the company do any of the
6:24
following are you going to pay interest
6:26
on any of the bank clads are you going
6:28
to make royal payment are you going to
6:30
receive interest or dividend payment
6:32
from overseas investment so this is
6:34
going to be known next what would the
6:36
company be doing so go ahead and start
6:38
typing what the company will be doing
6:40
and you are going to see recommended
6:41
category or business activities so when
6:44
you have selected what your company will
6:45
be doing you can click on save so it's
6:48
asking you to reconfirm and check what
6:49
your company will be doing so in my
6:51
previous step I selected that my company
6:53
is into this you can proceed to add a
6:55
business activities or you can just
6:57
continue has anyone on this application
7:00
ever sent a secure registration form to
7:02
ask company House of protection of
7:05
course no but in your own case if
7:06
something like that has happened click
7:08
on
7:09
yes and this is where you enter your
7:12
directors details and this is your
7:14
details whatever details you are going
7:16
to put in here will be available
7:18
publicly in the Google search and any
7:20
company can search so enter your read
7:22
details and click on continue so the
7:24
next question has the director used a
7:26
different name for business purposes in
7:28
the last 20 years so this is obviously
7:31
known for your nationality enter your
7:33
nationality if you have another
7:35
nationality make sure you give them the
7:36
details for example if you are from
7:38
America or Canada make sure you give
7:40
them the answer to your job title you
7:42
can enter the director and continue your
7:44
application so the next question what is
7:47
your correspondent address you can
7:49
select the address you have given before
7:51
what is your home address same address
7:53
do you want to receive freely reminders
7:55
by email yes what email address do I
7:58
want to use to receive F and remind that
8:00
so my email address if you want to use
8:03
another email address you can click on
8:05
different email address and give them
8:06
one do you want to add another director
8:09
if you have a business partner this is
8:11
the point where you add the person but
8:13
if you are the only one in the business
8:15
you can click on no and continue so the
8:17
next page will ask you to check and
8:19
confirm your details so go through it
8:21
again and if there is any mistake click
8:23
on change behind this place and correct
8:25
it it's going to ask you to confirm
8:27
where you live and also agree to be
8:29
become a director so take the two boxes
8:31
you about to set up online filling
8:33
authorization for the company and it's
8:35
going to be a digital authorization it's
8:38
quick paperless and secure do you want
8:40
the directors to be digitally authorized
8:42
to the file for your company yes and it
8:44
will ask you to choose a director so
8:47
take the two boxes and continue it will
8:50
ask you if you have an existing company
8:51
has web fing account if this is your
8:53
first time you can click on no and it
8:55
will ask for the address you want to use
8:57
to create a web fing account select your
9:00
email address and proceed again he
9:02
asking you to check and confirm your
9:04
authorization details for online
9:07
fing you are about to set up the company
9:10
shareholders continue are you a
9:12
shareholder yes would you like to add
9:14
another shareholder if you still want to
9:16
continue with yourself you can just
9:17
click on no and continue we confirm the
9:20
details again and continue do you want
9:23
to use most of the common type of shares
9:25
yes how many shares do you have so
9:27
select anyone here and the reason is
9:29
that as the only shareholder you have
9:31
100% of the company regardless of how
9:34
many shares you want so in this case you
9:36
just need to choose more than one share
9:38
if you want to split ownership in the
9:40
future so just select one share and
9:42
continue so he's asking us to choose a
9:45
value for each sh and it's going to be
9:46
one part we confirm and continue for the
9:49
next step click on
9:53
[Music]
9:57
continue so once again it will ask you
10:00
to check and confirm your details make
10:02
sure everything is correct and continue
10:04
so in this section it will ask you to
10:06
confirm where you leave and if you want
10:08
to control the company take these two
10:10
boxes and
10:11
proceed do you agree to form a UK
10:14
company take the two boxes and continue
10:17
and it will ask you to create electronic
10:19
signature for yourself and then you have
10:21
to choose three pieces of personal
10:23
information choose the three pieces of
10:25
personal information and you want to
10:27
supply them and continue again again you
10:29
have to check and confirm your
10:32
answers and finally it's now time to
10:35
make a payment of £12 and I know that
10:37
this process is lengthy but it's because
10:40
I'm explaining if you have to do this on
10:42
your own it's going to take you between
10:44
5 to 10 minutes and you are done believe
10:46
me this is super easy and you can make
10:48
payments using your credit card your
10:50
debit card or PayPal and if your
10:52
application is rejected you'll be
10:54
refunded so you are safe click on make
10:57
payment so I just completed the payment
10:59
and when it's successfully you will get
11:01
a page telling you that your application
11:03
has been submitted and on your screen
11:05
you will get this number which is for
11:07
application to set up the company and
11:09
the second one is for the application to
11:11
register the corporation tag and don't
11:13
worry they are going to send this to
11:14
your email so what happen next if your
11:17
application is successful of course it
11:19
will be they will email you within 1 to
11:21
S working days letting you know the
11:23
outcome of your application so let's
11:25
continue we opted to register our UK
11:27
company as limit so this is currently
11:30
pending within two to 5 working days you
11:32
are going to get an update 2 days after
11:35
registering your UK company you receive
11:37
an email saying is now registered as a
11:39
company and here you will see your
11:40
company nail as well as your company
11:42
number and if you scroll down to this
11:44
button you will see two attachments the
11:46
first one is the certificate of a
11:48
corporation that is your formation
11:50
document and the second one is your
11:52
memorandum of Association and again
11:54
anyone can do a Google Search and they
11:56
will be able to see the details of your
11:58
company this is the one we just formed
12:00
and you can see the company details and
12:02
for this one we just registered you can
12:04
see the company name as well as the
12:06
company number all these details are
12:08
available on the UK company information
12:10
website and if you click on people you
12:11
should be able to see the ownership of
12:13
the business so this is it for creating
12:16
a UK company and if you find this video
12:18
helpful please like this video subscribe
12:20
turn on the Bell icon for your future
12:21
content and you can also check out this
12:23
video on how you can create your stripe
12:25
account thanks for watching
#Business Education
#Business Formation
#Other