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:
Summary of UK Limited Company and main characteristics:
| General Information | |
|---|---|
| Type of company | Limited Company |
| Corporate Legislation | British Common Law |
| Taxation | Standard Corporation Tax – 19% Tax on Dividends for foreigners – 0% Standard VAT rate – 20% |
| Currency | Standard Currency GBP£ Share Capital can be also in EUR or USD |
| Paid up capital requirement | No paid up capital required (1 GBP£) |
| Time zone | GMT (UTC) |
| Directors | |
| Minimum no. required | 1 |
| Local Director required | No |
| Location of Meetings | Anywhere |
| Shareholders | |
| Minimum no. required | 1 |
| Location of Meetings | Anywhere |
| Company Secretary | |
| Required | Optional (can provided by Consil Formation) |
| Local Secretary required | No |
| Registered office required | Yes |
| Share Capital | |
| Standard Currency | GBP£ |
| Standard Authorized Capital | 100 GBP£ |
| Minimum paid up capital | No |
| Accounting Requirements | |
| Preparation of accounts | Required (can be completed by Consil Formation) |
| Requirement for audit | No |
| Accounts public accessible | Yes |
| Requirement to file Annual Return | Yes (can be completed by Consil Formation) |
| Further Information | |
| Bearer shares | No |
| Confidentiality | Yes |
| Nominee services | Available |
| Need to travel | No |
| Apostille | Yes, Hague Convention 1961 |
| Owners | Individuals or Corporate |
Register your UK Limited Company
- Document Notarization per document: € 500
- Bundle of documents Notarization;
- Document Apostillation per document;
- Bundle of documents Apostillation.