Why registering a company in the UK is a reason to strain

The level of fraudulent companies registered in the UK is off the charts.

Whenever you see a UK Companies House certificate flaunted as proof of the legitimacy and legitimacy of a company, this is cause for concern.

Save yourself some time and just assume that the company in question is a hype or pyramid scheme .

Such a certificate of incorporation for a limited company is made in minutes. Nice looking and designed for fools.

I can’t remember the last time I came across a legal chain company registered in the UK and this has been happening for years. Like, for example, the Ai marketing pyramid , which I dismantled to the smallest detail.

The main reason for this is that registration with Companies House in the UK is not regulated.

What is required to register UK Ltd?

A little. We just need:

• Identity of shareholders and directors (you can be the only one)
• UK physical postal address (to be used as the company’s registered office and/or business address for a director)
• £12 (~$15) towards Companies House fees

If you qualify, simply visit https://www.gov.uk/limited-company-formation/register-your-company and fill out the form.

That is, anyone from anywhere in the world can pay the £12 fee and register online.

Enter any personal details you want and within minutes you will have an official certificate to provide to gullible victims.

Identity verification

The identity of the shareholder is not confirmed and does not even pass the elementary identity check KYC (Know Your Customer), which is required for verification in all payment systems and exchanges. I can easily register a company online for crocodile Gena and Cheburashka and show it like a miracle to HYIP participants.

I’m not even talking about AML (Anti-Money Laundering) checks against money laundering. They just don’t exist!

Company address

But what if you don’t have an address there? Then you can buy it! There are plenty of agents who not only rent you a virtual address, but also scan your mail or register a company for you.

It costs a little more. And you can get a complete turnkey package for £199 (~$246) which includes:

• registered office and director’s address for one year;
• mail forwarding;
• PAYE (employee insurance) registration or VAT registration (optional).

Registration is very fast and usually takes up to 24 hours. From this moment on, our fake company is officially registered as a legal entity and can breed people on its own behalf.

How to find out what hype is in front of us.

Starting a company is simple and easy, but in order to fully operate, it must have a bank account in the name of the company. And it’s not easy anymore.

Banks will refuse to open an account for a Ltd that is not controlled by a UK resident , or at best they will invite you to a local branch and do the KYC/AML checks in person.

But, to fly to another country to open a bank account and at the same time go through the entire process of verification, disclosure of identity and source of funds, for hype reasons – like death. And they skip this procedure, offering you to part with money using cryptocurrency, electronic payment systems or cash to your sponsor.

Therefore, ask the office for an extract from a British bank and it will immediately become clear to you who is in front of you.

In the meantime, I can set up a company, pay £12, and register whatever I want, in anyone’s name.