The problem is online company formations ... Nowadays, anybody can form a company in the UK as long as they've got about £30 to their name. All they need to do is create an account through one of those online formation agencies, pay the fee and, within 24 hours, receive their certificate of incorporation. People who've never been to the UK, have absolutely no ties there and can barely speak the language are, suddenly, the owners of UK limited companies. When you consider that they can get away with not paying taxes, but we can't, that they are not legally accountable for violating SoGA or the Consumer Protection Act (to name but two) but we are, etc ... it is really unfair. I really don't understand the government's attitude towards this ... why are they allowing it to go on?
As a US resident, it would take me a day or two to find/buy a PO box in London and incorporate through Companies House.
It's not even that difficult any more ... just go to any online formation agent, pay a bit more, and buy an address in London ... I think London addresses are going to £49.99 at the moment :)
Seriously ... is this either fair or right?