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UK Company Formation With Bank Account

Whether you’re a freelancer, an independent contractor, or a savvy entrepreneur who’s looking to maximise your earning potential, a UK company setup is the right strategy for your business.

By establishing your business in the UK, you can get a dedicated bank account, separate your business and personal finances, and take advantage of lower tax rates. The wide variety of deductible business expenses will allow you to strategically reduce your taxable income, which will boost your savings and set your business for greater profitability.

Explore how a UK company formation with a bank account can revolutionise your financial strategy and boost your business success.

Native Teams | Company formation

How does a company formation in the UK work?

Establishing your own company in the UK is the perfect solution to validate your independent business and provide a formal legal structure.

With your own business establishment in the UK, you’re getting a business bank account and, therefore, separating your business finances and expenses from your personal ones. This will allow you to establish greater control over your profit distribution and potentially benefit from lower tax rates on dividends.

UK company owners can also take advantage of a wide range of deductible business expenses that may reduce taxable income, including office expenses, marketing and travel expenses, and other operative costs. This means that you can reinvest your profits back into your operations, which promotes tax efficiency and supports the growth of your business.

Native Teams | Company formation Native Teams | Company formation Native Teams | Company formation

What do you get with Native Teams’ UK company formation services?

Native Teams can help you establish your own company in the UK and get a separate business bank account. The company formation process doesn’t take more than 24 hours, allowing you to operate globally and manage your business from anywhere in the world.

Features

Legal entity wallet

When you establish a legal entity with Native Teams, you get access to a legal entity wallet, which serves as a centralised space for storing and managing your business’s financial assets. Each legal entity wallet comes with a separate UK IBAN to ensure maximum transparency and convenience when making money transfers.

Features

Business bank account

By establishing your UK company with Native Teams, you’re getting a dedicated UK business account that will help you manage your business finances more efficiently. A UK bank account will help you track your income, separate your business and personal expenses, and even create custom invoices to bill your global clients.

Features

Native Teams card

Native Teams will also provide you with a physical or a virtual card that you can easily connect to your Native Teams wallet. You can use your Native Teams card worldwide, whether it’s for online or in-store transactions.

Features

UK IBAN

Your UK bank account comes with a designated UK IBAN, allowing you to make simple and transparent transactions worldwide. 

With a dedicated UK IBAN, you can send and receive international payments directly to your Native Teams account without significant delays. Apart from safe and transparent global transactions, a UK IBAN will minimise currency conversions and fees, providing maximum security and convenience for making worldwide transactions with ease.

Features

Dependency test

With Native Teams, you can skip all the standard tests to determine whether you’re considered an employee or a self-employed individual. Our professional teams will provide you with a streamlined dependency test process so you can ensure that you’re compliant with all the applicable tax and legal requirements.

Features

Tax reporting

With Native Teams, you can ensure that you’re staying compliant with all the tax reporting requirements. Our tax teams will guide you through calculating your tax liabilities, organising financial data such as income, expenses, and deductions, and providing the required transparency when filing taxes with the UK tax authorities. 

Features

Expert assistance

With Native Teams, you can ensure that you’re getting expert assistance from our tax and legal teams through every step of setting up and managing your UK company. 

Features

Legal entity wallet

When you establish a legal entity with Native Teams, you get access to a legal entity wallet, which serves as a centralised space for storing and managing your business’s financial assets. Each legal entity wallet comes with a separate UK IBAN to ensure maximum transparency and convenience when making money transfers.

Features

Business bank account

By establishing your UK company with Native Teams, you’re getting a dedicated UK business account that will help you manage your business finances more efficiently. A UK bank account will help you track your income, separate your business and personal expenses, and even create custom invoices to bill your global clients.

Features

Native Teams card

Native Teams will also provide you with a physical or a virtual card that you can easily connect to your Native Teams wallet. You can use your Native Teams card worldwide, whether it’s for online or in-store transactions.

Features

UK IBAN

Your UK bank account comes with a designated UK IBAN, allowing you to make simple and transparent transactions worldwide. 

With a dedicated UK IBAN, you can send and receive international payments directly to your Native Teams account without significant delays. Apart from safe and transparent global transactions, a UK IBAN will minimise currency conversions and fees, providing maximum security and convenience for making worldwide transactions with ease.

Features

Dependency test

With Native Teams, you can skip all the standard tests to determine whether you’re considered an employee or a self-employed individual. Our professional teams will provide you with a streamlined dependency test process so you can ensure that you’re compliant with all the applicable tax and legal requirements.

Features

Tax reporting

With Native Teams, you can ensure that you’re staying compliant with all the tax reporting requirements. Our tax teams will guide you through calculating your tax liabilities, organising financial data such as income, expenses, and deductions, and providing the required transparency when filing taxes with the UK tax authorities. 

Features

Expert assistance

With Native Teams, you can ensure that you’re getting expert assistance from our tax and legal teams through every step of setting up and managing your UK company. 

Why choose Native Teams for a company formation?

Native Teams will help you reap all the benefits of your own UK company without having to worry about tedious administrative and compliance tasks. 

Set up your UK company without a UK residency

You don’t have to be a UK resident to set up your own legal entity in the UK. Native Teams will help you with the establishment so you can operate your UK business from anywhere in the world.

Optimise your taxes for maximum savings

You can take advantage of the UK’s low corporate tax rates, deduct business expenses, and optimise your profit distribution to save more money on taxes.

Access simplified tax reporting

Native Teams will ensure that you’re getting comprehensive accounting, tax oversight, and diverse financial insights so you can manage your finances in compliance with tax laws.

Save valuable time and money

Native Teams will provide a company set-up within an hour and handle all the tedious paperwork while you’re only focusing on your business.

All-inclusive support

You can rely on our expert tax teams’ assistance and support at all stages of your entrepreneurial journey.

What do people say about Native Teams?

Discover how a UK company formation with Native Teams can help you streamline your global operations while saving money on taxes.

What truly sets Native Teams apart is their exemplary management of tax-related matters. Navigating the intricacies of tax regulations can be daunting, but they handled it with finesse. Their team demonstrated a deep understanding of UK tax laws and implemented a strategic approach to optimize our tax management.

Bojan Matevski

S Living

B.M.

I cannot say enough good things about Native Teams and their comprehensive suite of services. As a business owner managing a diverse and global workforce, I was constantly struggling with the complexities and intricacies of handling payments, payroll, and tax management on an international scale. Thankfully, Native Teams came to the rescue.

Marko Djokovic

ITESSENTIALS SOLUTIONS LTD

M.D.

What do people say about Native Teams?

Discover how a UK company formation with Native Teams can help you streamline your global operations while saving money on taxes.

B.M.

What truly sets Native Teams apart is their exemplary management of tax-related matters. Navigating the intricacies of tax regulations can be daunting, but they handled it with finesse. Their team demonstrated a deep understanding of UK tax laws and implemented a strategic approach to optimize our tax management.

Bojan Matevski

S Living

M.D.

I cannot say enough good things about Native Teams and their comprehensive suite of services. As a business owner managing a diverse and global workforce, I was constantly struggling with the complexities and intricacies of handling payments, payroll, and tax management on an international scale. Thankfully, Native Teams came to the rescue.

Marko Djokovic

ITESSENTIALS SOLUTIONS LTD

Want to learn more about Native Teams’ UK company formation solutions?

Book a free demo call