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FREE company formation and
business account

Breeze through your limited company formation and open a business account in minutes
LTD
Limited
Congratulations! Your company name: is available! You are welcome to register the company and open a free GoSolo business account here emoji rocket
is already registered. If you are the owner and director of you are welcome to open a free GoSolo business account here.
Otherwise, please try another name emoji pencil

Form a limited company in minutes*

* In less than 10 minutes, to be exact

  • Completely free of charge
  • Authorised by Companies House within 5 days
  • Use photo ID, proof of address and a selfie video to get started
  • Try it now
GoSolo is available on web, iOS and Android. Ready when you are.
Choose your preferred platform.
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Register a limited company

  • Officially start your business by registering a limited company in the UK
  • It’s FREE, with no commitments or hidden costs
  • Includes a business account and Master Card Debit card from GoSolo
Open your company for free

Our benefits

Get more benefits by choosing us as your preferred means to open a company in the UK
Free account formation for UK residents and only £250 for international clients (business address included).
Register a limited company through an intuitive online platform. It’s as easy as it gets.
Supply the right information, and your business will be up and running, typically within the same day.
You don’t need to visit a physical bank to open a business account. It’s all taken care of.
Your information is 100% secure and protected. GoSolo is authorized to provide payment services.

Company formation FAQs

How much does it cost to open business account? What fees do you charge?

For current and most up-to-date details about the costs, please refer to our pricing page.

Can I open a UK business account from overseas?

Yes, you can. GoSolo is available to founders and entrepreneurs from around the world. 

GoSolo provides the UK company formation for non-residents with a business account. 

We are currently accepting users from 90 countries around the world, including:

  • The United Kingdom
  • The European Union
  • India
  • Israel
  • Hong Kong
  • Australia and New Zeland
  • Singapore and Malasya
  • The United States
  • Ukraine 

What do I need to register a Limited company via GoSolo?

If you live in the United Kingdom

  • a valid government-issued photo-ID document (Passport, Driving License, BRP), and
  • proof of your UK address (council tax, utility bill, bank statement), must be issued in the last 3 months

If you live outside of the United Kingdom

  • Two valid government-issued photo-ID documents (Passport, Driving License, or similar), and
  • Proof of your local address (we prefer a personal bank statement), Issued in  ENGLISH, with your name matching the name on the ID and the document issued in the last 3 months
  • In some cases, we may have to complete additional checks in order to process your application
  • Pay a £250 application fee. If your application is not successful, we will refund you the money

There is detailed information about new Limited company registration in our blog How can I register my company with GoSolo?

https://gosolo.net/blog/post/how-to-set-up-a-private-limited-company-ltd-with-gosolo

Is it safe to use GoSolo?

GoSolo Financial Limited is regulated by the FCA and powered by Railsbank.

If something bad happens to GoSolo, you can always recover your money through FCA.

Your e-money is in a “safeguarded” account, meaning that the actual money is with a Tier-1 (largest and most secure category) bank in the UK.

GoSolo Financial Limited is listed with the Financial Conduct Authority (“FCA”) an as E-Money Directive (“EMD”) Agent (FCA Ref No. 902961 under E-Money Institution (“EMI”), PayrNet Limited (“PayrNet”). PayrNet is authorised and regulated by the Financial Conduct Authority to conduct electronic money and payment services activities under the Electronic Money Regulation 2011 (FCA Ref No. 900594).

Is setting up a limited company right for me?

Sole traders have unlimited liability - meaning that they are personally liable when things go wrong. A sole trader may also be less tax-profitable than setting up a limited company. But still a sole trader is the most common legal structure for private entrepreneurs in the UK.

We recommend you read more about different factors that can help you to make a choice on our blog The Pros and Cons of Freelancer vs Limited Company

What is the share structure for a newly registered company, opened using GoSolo service?

If you register a company via GoSolo, the default share structure is 100 shares for the total value of £100.

All shares issued are non-redeemable and rank equally in terms of each of:

  1. Rights to take part in all approved dividend distributions
  2. Voting rights – each share being entitled to one vote
  3. Rights to participate in any distribution of capital on winding up of the company.

Registering a Business in the UK, and How GoSolo Can Help

Do you want to register a company in the UK? Transitioning from a sole trader or freelancer to a company comes with tax advantages and unlimited liability.

A common myth is that you need at least two shareholders to open a limited company. The truth is you don't require another shareholder or director.

As of the moment, GoSolo offers free company formation for single-shareholder businesses.

Now, a limited company operates as a separate legal entity. It requires a separate business account. GoSolo provides a digital business account with intuitive features such as invoices support and fast payments.

You get everything required to start trading like a legal entity, all in one place, quickly and efficiently.

In this brief, we will provide a rundown of what you need to know when registering a business in the UK.

What you need to register a company

The first step for registering a business is to determine if a limited company is right for you. It's also essential to decide on the type of limited company. There are two main structures:

  • Limited by shares: It's the preferred type for businesses that generate profit. Its finances are separate, and it keeps its profits.
  • Limited by guarantee: The format is typically used by not-for-profit companies. It has guarantors, and profits are reinvested.

If your company is limited by shares, it means that you’re not legally responsible for any debts beyond your shares nominal value. With GoSolo, the default shares structure is 100 shares with a total value of £100.

Now, the requirements to open a limited company entail:

  1. Unique company name
    The company name identifies each legal entity when doing business. It should be unique and not infringe on existing trademarks.
  2. Official address
    Companies House requires applicants to provide a registered office address. It's used for sending written communications. Addresses must be in the UK and must list the physical office location. It’s possible to keep the address private or use a location provided by an agent.
  3. Personal information
    Applicants must provide at least 3 pieces of personal information. The info may include your town of birth, father's first name, mother’s maiden name, telephone number, or passport number.

Note that: when registering a business name, you’re automatically enrolled for corporation tax administered by HM Revenue and Customs.

Ordinarily, you'd pay £12 for business registration, and the approval process takes about 24 hours.

How to register a company name

Choosing a company name is one of the highlights of registering a limited company. You have to follow certain rules during name selection. The name must end with "LTD or Limited."" It should not be the same as existing names, even if you use special characters.

The name must not be too similar to previously registered names, such as "Easy Electronics LTD" and "Eazy Electronics Limited."

In the recent past, applicants adopted a wait and see approach during name selection. Today, you can simply use the online name availability checker. You’ll access it as you register a company name through GoSolo.

Register a business name in the UK with GoSolo

Prepare for an intuitive company formation process by selecting GoSolo. Our approach is 100% legal, and Companies House permits applicants to seek the services of agents when registering new companies. Our process to register an LTD company entails:

Step 1: Find a suitable company name

Key in your unique name in the name availability checker, and receive an instant response if the name is available for use.

Step 2: Provide business and personal details

You may receive the certificate of incorporation through Royal Mail Second Class Delivery, typically after 5 business days. Companies House has a same-day service, but it’s currently suspended due to Covid-19 restrictions.

Step 4: Get a business account

GoSolo sets you up with a business account. Use it to accept payments from customers or send invoices. You can access most of the functionality from our mobile apps.

Our benefits

GoSolo’s mission is to provide the maximum value to small business owners with a conducive online environment for doing business. That's why our business registration takes place in about 10 minutes.

Get more benefits by choosing us as your preferred means to open a company in the UK:

  • Free account formation: Don't incur the £12 expense of incorporating a company on your own* (Free offer applicable for first 500 users).
  • Quick and simple process: Register a limited company through an intuitive online platform. It’s as easy as it gets.
  • Same-day registration: Supply the right information, and your business will be up and running, typically within the same day.
  • Secure process: Your information is 100% secure and protected. GoSolo is authorized to provide payment services.
  • Business account included: You don’t need to visit a physical bank to open a business account. It’s all taken care of.

GoSolo is here at the start and will continue supporting you with the professional tools to run your business effectively.