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Register a Limited company in United Kingdom

Société anglaise

Company in UK: Corporate Tax 4%

It is harder to be at first glance, more “onshore” that the United Kingdom. However, nowadays there are a large number of company formations in UK due to the rates of corporate taxes which are one of the lowest compared with other competing jurisdictions. With 110 double tax treaties, Britain has probably the best tax treaty network in the world. London is an investment center, allowing the UK to appear as a good gateway to European markets.

Who and for what should choose a company formation in United Kingdom:

  • Entrepreneur,
  • Consultants,
  • International trade,
  • Commerce on the Internet,
  • Stockbrokers,
  • For inheritance purposes,
  • Intellectual property holding rights,
  • For the custody of movable and immovable property,
  • For yacht owners.

How to proceed? Provision of the following documents for incorporating company in United Kingdom :

  • An application form completed and signed company.
  • A copy of valid passport for each party to the transaction.
  • A personal bill less than three months.
  • Payment of our fees.

Note: additional documents may be requested depending on the chosen bank.

Set-up time: From the moment we have received all required documents:

  • Incorporation of the company: 3 days. Approximately 15 days for delivery of original company documents.
  • Offshore Bank: offshore bank account opening in about three weeks.

Interest of creating a company in United Kingdom:

Advantages of a company in United Kingdom:

  • A jurisdiction popular because of the simplicity of the applicable corporate law (Common Law), the costs of incorporation and management relatively inexpensive comparing to other European jurisdictions.
  • Although no longer strictly considering as tax haven, the United Kingdom rates of corporate taxes are among the lowest compared with many other competing jurisdictions.

Disadvantages of a company in United Kingdom:

  • The accounts of the company must be audited annually although there are some exemptions.

Conditions for exemption:

  • For a company of less than 50 employees having a turnover not exceeding £ 5 million and a balance sheet total not exceeding £ 2.8 million.
  • For a company of less than 250 employees having a total turnover for £ 22.8 million or less and a total balance for £ 11.4 million or less.
  • Corporate tax payable on profits instead of a flat tax.

The main characteristics of Company in United Kingdom:

General :

 

Type of company

Private Limited

Type of law

Common

Shelf company availability

Yes

Our time to establish a new company

3 days

Minimum government fees (excluding taxation)

Not Applicable

Corporate Taxation

20%-24%

Double taxation treaty access

Yes

Share Capital or Equivalent :

 

Standard currency

GBP

Permitted currencies

Any

Minimum paid up

£ 1

Usual authorised

£ 1 000

Directors :

 

Minimum number

One

Local required

No

Publicly accessible records

Yes

Location of meetings

Anywhere

Shareholders :

 

Minimum number

One

Publicly accessible records

Yes

Location of meetings

Anywhere

Company Secretary :

 

Required

No

Local or qualified

No

Accounts :

 

Requirement to prepare

Yes

Audit requirements

Yes, but exemption for small companies

Requirement to file accounts

Yes

Publicly accessible accounts

Yes

Other :

 

Requirement to file annual return

Yes

Change in domicile permitted

Yes

Contact OPF team for more information about company creation in UK!

See also:

Bank account opening for your company,

Process to open an Offshore Bank Account,

Virtual Office Services for your company,

Case study for International Trade Company in UK.

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