Boost your launch with our Complete Start-up Solution

Popular FAQs

Still have questions? Here are the answers to some of the most common questions people ask about Limited Companies

Should I register a Limited Company?

Limited Companies are often the best structure if you're running a business where you don't want to be personally liable for business debts, or if you have multiple people with a stake in the business.

Directors of Limited Companies need to be at least 16 years of age, you cannot be an undischarged bankrupt, and you must not currently be disqualified as a Director.

What info do I need to register?

To register your Limited Company you will need to provide the following details:

• As the person setting up the business, you will need to provide your:
  • Phone number
  • Email address
• All Directors, Shareholders, Secretary and PSCs will need to provide their:
  • Full name
  • Occupation
  • Current address
  • Date of birth
  • Nationality
  • Security question & answer
  • Share allocation
• Your business name
• The address of your business

If you want to keep your business address, or the addresses of any Directors, Shareholders, Secretary or PSCs off the public register, you can use our Service Address and Registered Office Address services which are both included with our Compliance and Instant Trading packages.

IDs of all Directors, Shareholders, Secretary and PSCs will be checked electronically, but in some cases we may need to request further proof of ID or address.

Do I need to provide proof of ID?

To meet our regulatory requirements we must verify the identity of each member (e.g director/shareholder) appointed during the company formation or using our address services.

To do this we will conduct an electronic check with Credit Safe. A link will be sent to each director/shareholder who will need to have one of the following to complete the check:

• Copy of current valid passport
• Current valid UK or EEA photo card driving licence
• Residence Permit issued by the Home Office to EEA Nationals.

Do I need a bank account?

Limited Companies need to have their own account for business finances.

If you register with Duport, you can get a free business account as part of the process.

Will I need to do annual filing/paperwork?

Limited Companies have annual filing requirements with both Companies House and HMRC. These include:

• Confirmation Statement
• Company Tax Returns
• Statutory Accounts
• Balance Sheet
• Profit & Loss Account

If you don't want to spend your time and energy keeping on top of all your financial and filing requirements, Duport have a range of Accountancy services that can manage it all for you.

How can I keep my personal details private?

If you are using a personal address as your Registered Office, or want to keep the addresses of Directors, Shareholders, Secretary and PSCs private, then you can use Duport’s Service Address and Registered Office Address service to keep these details off the public register.

Both of these services are included with our Compliance and Instant Trading packages.

Can I register from outside the UK?

Yes, you can register from outside the UK, but you will need a UK Registered Office. If you don’t have a suitable address for this, you can use Duport’s Registered Office service, which is included with our Compliance and Instant Trading packages.

Can I cancel my order?

You can cancel your order at any point. Refunds will only be issued if you have not accessed any of your purchased services.

Your right to a refund is waived if:

• Your registration has been submitted to Companies House
• OR
• You have requested or viewed any digital ebooks or reports included in your purchase

Do I need to renew this service?

Your initial registration is a one-off service. However your package may include services that do need to be renewed annually. These can include:

• Service Address and Registered Office Address services
• Domain & hosting services
• Accountancy services

What is a UTR?

Your Unique Taxpayer Reference or UTR is the number that HMRC uses to identify you as a self-employed person. It's what you will need to use to submit your Self Assessment Tax Return.