UK Authorisation with HMRC/FCA


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Good day,


We are planning to set up an LTD company in the UK. Business activity: an online service mainly providing design content and software.

We are carefully reviewing all the laws and regulations published by HMRC and FCA that might apply to our business activity, but still not completely sure on whether we are obligated to register with HMRC and FCA or not for any kind of license/supervision (Money Laundering Supervision, Payment Institution, Electronic Money Institution)

Activities that our business is interested in::

  1. Making transfers from the company corporate bank accounts to foreign contractors (individuals, individual entrepreneurs, companies). (If this depends on the countries of foreign/non-EEU contractors, could you kindly inform us?);
  2. Receiving payments from foreign companies (for instance, from U.S., Hong Kong) and acting as ‘a customer in this case’;
  3. Making transfers to cryptocurrency exchanges and then to some of foreign contractors
As far as we understand from official documents, the mentioned above business activities are not obligated to have any licenses. But we would be very glad if anyone could clarify this.


We will be thankful for any helpful information from anyone! Many thanks in advance!
 
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Fidget

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Anybody setting up an LTD needs to register it through Companies House. So get in touch with them.
 

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