Things to Note before Setting up a Limited Company in Scotland

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Let’s start by telling you at the outset that setting up a limited company in Scotland is not a very simple process. If you are a foreigner and wish to set up your business in Scotland, you can reach out to a company formations unit like ours for assistance.

Having said that, let’s look at some of the things you need to keep in mind before you set up a limited company in the region.

Choose the Right Company Name

The first item to be careful of is choosing the right company name. You need to choose a company name that is unique, not offensive, and does not contain any sensitive words related to the Royal Family. Moreover, if the name sounds like another company’s name, it will be rejected. Let us help you pick the right name for your company in the UK.

Relocation only Within The Same Jurisdiction

If you are setting up a company in Scotland, your registered office needs to be in Scotland only. It cannot be in Wales or England, for that matter. While you can relocate your office, you must do so only in the same jurisdiction. Once a company is registered in Scotland, its address cannot be transferred outside of the region. So, if you are confused about where to set up your business, consult with us first and we can help you to resolve this issue quickly.

GDPR Compliance

Importantly, if your company is collecting data about people, it needs to be GDPR compliant. This is an important aspect of starting your business anywhere in the UK, not just in Scotland. We can help you with being GDPR compliant. All you need to do is reach out to one of our consultants.