UK Limited company

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UK Limited Company Formation

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.

UK Limited Company Formation

UK Limited Company Formation Advantages

  • 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;
  • 20% 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.

UK Limited Company Formation Summary and Main Characteristics:

General Information 
Type of companyLimited Company
Corporate LegislationBritish Common Law
TaxationStandard Corporation Tax – 20%
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

Company Formation Fee

  • UK Limited Company Formationwith all services included for the first year: €2.000;
  • 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 £100;
  • Local Registered Office Address;
  • Personal manager assistance for the entire period.
  • Registered Agent;
  • Preparation & Filing of Annual Return;

Renewal Fee after one year – with all services included for the next year: €890;

  • UK Limited Local Registered Office Address;
  • Registered Agent;
  • Preparation & Filing of Annual Return;
  • Personal manager assistance for the entire period;

Further Optional Services:

  • Nominee Director – Individual or Corporate as per client’s request;
  • Nominee Shareholder – Individual or Corporate as per client’s request;
  • Power of Attorney – General / Special PoA Notary Legalized with Apostille, in accordance official institutions and with banks requirements;
  • Certificate of Good Standing with Apostille, in accordance with official institutions and banks requirements;
  • Certificate of Incumbency with Apostille, in accordance with official institutions and banks requirements;
  • Document Notarization per document;
  • Legalization of Documents;
  • Document Notarization per document;
  • Bundle of documents Notarization;
  • Document Apostillation per document;
  • Bundle of documents Apostillation.
  • Company Seal;
  • Company Rubber Stamp;
  • Bank Account opening service – Quotation based on each particular case;
  • Compliance Service – After Company Incorporation Services – new persons, legal entities, annual compliance review;
  • Accounting & Bookkeeping – Quotation based on each particular case.

If you are looking to open a bank account in the particular country or bank, please contact as by e-mail office@consilformation.com
or call our Banking Department at +34 685 28 86 93

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