What documentations do I need to provide to form my Company
As per our registration form for each director and shareholder we require the followings:
- Valid copy of your passport
- Proof of address dated within the last three months ( such as bank statements, utility bill, or official governmental correspondence)
Your documentation can be uploaded using our secure platform as part of your registration form.
How is Fabaci’s formation package designed? and how it differs to other firms
Our package is designed to provide you with everything needed to form your company and meet all legal, yearly accounting and tax requirement.
It is compulsory for all UK companies (including inactive / dormant companies) to file their financial statements, company tax return and confirmation statement on yearly basis.
Since one of our core values is transparent pricing (no hidden extras). We thoroughly designed our package to ensure that you are aware of all requirements and to enable you to exactly estimate all fees associated with your company formation as well as the on-going maintenance of the company.
How long does it take to set up your company
We aim to set up your company within 48 hours from the time your company’s application form together with all required supporting documents are provided.
One of our consultants will review your application and documents to ensure they are all in order before forming your company. In case we have any questions or further requirements we will aim to contact you within 24 hours.
You can start trading using your company name as soon as your company is registered.
How about banking
Our package includes the set up of digital banking, providing you with business bank account details.
Digital banking allows you to open a bank account without the need to physically be in the UK.
Our bank partner is regulated by the FCA (Financial Conduct Authority) which is the regulatory body for all banks in the UK.
You can make and receive payments online. You can receive payments in Euros from all countries (except those on the sanction list).
How long does it take to open a business bank account
Once the company is incorporated, we proceed with setting up your business bank account (subject to the bank approval). The process usually takes around 48 business hours however this could take longer subject to the checks performed by the bank.
How can I use my company’s address
Your company’s address is a physical address located in the heart of London (not a mail forwarding box).
It can be used to receive any correspondence relating to the company. Your account manage will then scan your letters and send you scanned copy by email.
What if the company name is not available
If your proposed company name is not available on Companies House (already taken). We will contact you and request a new name
Is there any additional costs that I should be aware of
No. Our package includes everything needed for the set up and maintenance of a trading company.