UK Limited

Resident Company

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Company Formation in UK

The British’s law legal system, developed over the centuries, is the basis of common law legal systems used in most Commonwealth countries. British economy is one of the largest in the world. Usually regarded as a mixed market economy, it has adopted many free market principles, yet maintains an advanced social welfare infrastructure. Taxation in England is quite competitive when compared to much of the rest of Europe – Corporate Tax 20%.

UK Limited Companies are not considered as offshore companies as there is no offshore legislation in UK.

The limited liability, potential tax advantages and simplicity in running a private limited company make it the most common form of registered business in the UK. A Shareholders personal assets remain separate (unless they are secured against the business for borrowing) and your risk is reduced to only the money you have invested in the company and any shares you hold which you have not paid for.

UK companies can be used in tandem with an offshore company to enjoy a tax rate of less than 5%. This type of structure is commonly known as an “Agency Company”, where an onshore company acts as nominee or agent for an offshore principal. This set-up offers an onshore “face” with all the offshore benefits.

Advantages of company incorporation in UK:

One of the world’s biggest trading power and financial centers, and its economy ranks among the second largest in Western Europe;

Credibility and prestige for your worldwide partners, having your registered address in London;

19% Standard Corporation tax rate. When part of an international trading group and/or if properly structured, UK tax can be minimized or entirely eliminated for a UK company;

There are no restrictions on foreign Directors or Shareholders, individual or corporate;

There is no minimum authorized or issued share capital requirement;

Interim dividends distribution is allowed. Distribution to foreign entities or individuals are not taxed in UK;

Nominee services are available;

Board Meetings can be held anywhere in the world.

Summary of UK Limited Company and main characteristics:

General Information 
Type of companyLimited Company
Corporate LegislationBritish Common Law
TaxationStandard Corporation Tax – 19%
Tax on Dividends for foreigners – 0%
Standard VAT rate – 20%
CurrencyStandard Currency GBP£
Share Capital can be also in EUR or USD
Paid up capital requirementNo paid up capital required (1 GBP£)
Time zoneGMT (UTC)
Directors
Minimum no. required1
Local Director requiredNo
Location of MeetingsAnywhere
Shareholders
Minimum no. required1
Location of MeetingsAnywhere
Company Secretary
RequiredOptional (can provided by Consil Formation)
Local Secretary requiredNo
Registered office requiredYes
Share Capital
Standard CurrencyGBP£
Standard Authorized Capital100 GBP£
Minimum paid up capitalNo
Accounting Requirements
Preparation of accountsRequired (can be completed by Consil Formation)
Requirement for auditNo
Accounts public accessibleYes
Requirement to file Annual ReturnYes (can be completed by Consil Formation)
Further Information
Bearer sharesNo
ConfidentialityYes
Nominee servicesAvailable
Need to travelNo
ApostilleYes, Hague Convention 1961
OwnersIndividuals or Corporate

Register your UK Limited Company

Company Formation – with all services included for the first year: € 2000;

Certificate of Incorporation;

Memorandum and Articles of Association;

Appointment of Director(s), Distribution of Shares, Minutes, Resolutions in accordance with banks requirements;

Share Certificate(s);

Authorized Share Capital of GBP£100;

Local Registered Office Address;

Registered Agent;

Preparation & Filing of Annual Return;

Personal manager assistance for the entire period.

Renewal Fee after one year – with all services included for the next year: 1400

Local Registered Office Address;

Registered Agent;

Preparation & Filing of Annual Return;

Personal manager assistance for the entire period.

Nominee Director – Individual or Corporate as per client’s request: € 850

Nominee Shareholder – Individual or Corporate as per client’s request: € 650

Power of Attorney – General / Special PoA Notary Legalized with Apostille, in accordance official institutions and with banks requirements: € 500

Certificate of Good Standing with Apostille, in accordance with official institutions and banks requirements: € 450

Certificate of Incumbency with Apostille, in accordance with official institutions and banks requirements: € 450

Legalization of Documents:

  • Document Notarization per document: € 500
  • Bundle of documents Notarization;
  • Document Apostillation per document;
  • Bundle of documents Apostillation.

Company Seal: € 100

Company Rubber Stamp: € 150

Bank Account opening service – Quotation based on each particular case;

Compliance Service – After Company Incorporation Services – new persons, legal entities, annual compliance review: € 75/hour

Accounting & Bookkeeping – Quotation based on each particular case.