How to start a property investment company

Setting up a Special Purpose Vehicle (SPV) company in the UK for property investment can provide many benefits, including tax efficiency, asset protection, and easier financing. Here are the steps to set up an SPV company in the UK for property investment:

1. Choose a company name: Choose a name for your company that is unique and not already in use by another company. You can check if the name is available by searching the Companies House website.

2. Register the company: You can register your company online with Companies House, or through a formation agent. You will need to provide details about the company, such as its name, registered address, and directors.

3. Set up a bank account: Once your company is registered, you will need to set up a bank account in the company's name. This will make it easier to keep track of the company's finances and make payments.

4. Obtain necessary licenses and permissions: Depending on the type of property investment you plan to undertake, you may need to obtain licenses and permissions from local authorities. For example, if you plan to operate a House of Multiple Occupation (HMO), you will need to obtain an HMO license.

5. Create a business plan: Creating a business plan will help you define your goals and objectives for your property investment. This will include details such as your investment strategy, target market, and financial projections.

6. Seek professional advice: It's important to seek professional advice from a solicitor and accountant to ensure that your SPV company is set up correctly and complies with all legal and tax requirements.

Once your SPV company is set up, you can begin to use it to invest in property. Remember to always do your research and due diligence before making any investment decisions.