Desk, Coworking and office for your company

Desk, Coworking and office

There may be circumstances where a real presence in the United Kingdom is necessary. In such cases, a virtual office or a registered address is not sufficient, and you are required to prove that you have a dedicated space from which you can manage a company. To meet this requirement, we offer coworking and dedicated office solutions starting from just £109 per month.

Understanding the Differences between a Shared Desk, Coworking Space, and Dedicated Office for Non-Residents with Companies in England

As an accountant specializing in companies owned by non-residents in England, it is crucial to choose the right type of workspace to meet tax and banking requirements. Here is a detailed explanation of the differences between a shared desk, a coworking space, and a dedicated office, focusing on the tax and banking implications for non-residents.

1. Shared Desk

Description: A shared desk, often referred to as a "hot desk," is a flexible workspace where multiple individuals share the same desk or workspace area. These spaces are generally non-assigned, meaning you can sit at any available desk when you arrive.

Advantages:

Flexibility: Ideal for freelancers or people on the move.
Cost: Generally cheaper than dedicated offices as you only pay for the time used.
Networking: Increased opportunities to meet and collaborate with other professionals.

Disadvantages:

Lack of Permanence: No personal desk to leave belongings or organize the space as you like.
Distractions: Can be noisier and less private than a dedicated office.

Tax and Banking Implications:

Not Accepted: Shared desks generally do not provide a permanent physical address required to obtain a VAT number or open a bank account in the UK for non-residents.

2. Coworking from £109 / month

Description: Coworking spaces are areas shared by multiple businesses and independent professionals. They offer a variety of workspaces, including shared desks, dedicated desks, and meeting rooms, with common amenities like printers, cafeterias, and lounges.

Advantages:

Community: Fosters a collaborative and community-oriented atmosphere.
Flexibility: Flexible rental options that can adapt to your needs.
Shared Resources: Access to professional equipment and services without having to pay for them alone.

Disadvantages:

Privacy: Less privacy compared to a dedicated office.
Distractions: Noise and interruptions can be an issue.

Tax and Banking Implications:

Accepted: A coworking space can be accepted for obtaining a VAT number and opening a bank account in the UK as it offers a dedicated workspace and a permanent physical address. You can sign the contract electronically remotely, without traveling to London. You will then receive your Agreement by email, which will allow you to justify a physical office in the UK.

3. Dedicated Office

Description: A dedicated office is a private workspace reserved for one person or company. Unlike a shared desk or coworking space, a dedicated office provides personal space that you can personalize and use exclusively.

Advantages:

Privacy and Security: A private space where you can leave your belongings and work without distractions.
Personalization: You can organize and decorate the space as you wish.
Long-Term Commitment: Ideal for businesses or professionals who need a stable and consistent workplace.

Disadvantages:

Cost: More expensive than shared desks or coworking spaces.
Commitment: Often tied to longer-term contracts.

Tax and Banking Implications:

Accepted: A dedicated office is ideal for obtaining a VAT number and opening a bank account in the UK as it provides a permanent physical address and a dedicated workspace.

For non-residents looking to obtain a VAT number or open a bank account in the UK, it is crucial to choose the right type of workspace. Coworking spaces and dedicated offices are preferable as they offer a permanent address and a dedicated workspace, which is essential to meet tax and banking requirements.