Changes for UK companies effective 4.03.2024

On March 4, 2024, the changes spelled out in the Economic Crime and Corporate Transparency Act (passed last October) will take effect.

List of changes regarding the company office:

• it is prohibited to use Post Box as an office address;
• companies using it will have to change it to a registered address. Regulators require that documents reach the person to whom they are sent. It must also be possible to send correspondence that can be acknowledged;
• companies without such an address could be removed from the UK company register after March 4.

Email:

• companies will be required to provide an up-to-date email address to Companies House;
• start-up companies will provide an e-mail address during the business registration process;
• not having an email address is an offense;
• email address will not be published in a publicly accessible registry.

Statement of lawful activity:

• companies that are already operating in the UK market or are just starting up commit to operating without breaking the law;
• the legality of the company's operations must be confirmed by submitting a statement.

More details can be found on the official website.

The updated regulations may create some problems for companies that operate in the UK. To eliminate the risk of disputes and avoid violations, we recommend you to contact the specialists of Intelligent Solution Group. We monitor changes in the country's legislation and help our clients to respond to them in time, working in the legal field. 

Please contact us for a free consultation.