Incorporation in the UK
United Kingdom Ltd.
The UK is no tax haven, but it does have relatively low tax rates compared with other European countries. If properly structured, UK tax can be minimized or entirely eliminated. UK companies can be structured as Agency companies that conduct international trade as agents for offshore UK principals, and receive only commission income.
Corporate requirements
- Corporate Directors are allowed, but at least 1 Director must be a private person
- Minimum share capital is £2
- Directors and Shareholders are featured on public records. But nominee are customary.
- VAT number (optional): You will be required to have a UK office and UK bank account for VAT registration.
United Kingdom LLP
The Limited Liability Partnership (UK LLP) incorporates the tax transparency and flexibility of a partnership with the limited liability, as well as separate legal identity benefits of a company. UK corporate tax is avoided completely if there are non-resident partners and if the LLP trades solely outside the UK. The LLP Partnership Agreement is specially drafted to allocate 100% profits to the non-resident partner.
Corporate requirements
- Minimum two partners (our package includes 2 nominee offshore corporate partners)
- There is no minimum share capital/capital contributions requirements.
- Directors and Shareholders are featured on public records. But nominee are customary.
Bank account introduction
For UK limited companies and partnerships that operate outside of the UK, we can recommend opening an account with various banks located in Latvia, Liechtenstein, Luxembourg , Cyprus or third part payment providers.
Timescales
- New UK companies can be registered at the Company House within 1 day. Please allow 3-5 days for documents legalization and courier dispatch.
- Shelf UK Ltd. and LLPs over 1 year old are available.
Accounting requirements
By the UK law, all limited and unlimited companies, whether or not they are trading must keep accounting records and prepare annual financial statements.
Fiscal year in UK is 12 months from the anniversary date of incorporation (not calendar year).
Period for filing the accounts: 9 months after the fiscal year has ended. (Time for sending supporting documentation: 2 months after the end of the fiscal year).
Should your company match at least one of the below criteria, an audit is required by the UK law:
- Annual turnover 5.6 million GBP
- Balance sheet 2.8 million GBP
- Number of employees 50 people
- VAT declarations are usually filed quarterly.
How do I proceed?
In order to commence incorporation we will require the following:
- Confidus Company Form including description of company work & information on beneficial owner.
- Passport copy + utility bill not older than three months of Beneficial Owner and Attorneys in Power.
- 100% of the company formation cost.
POPULAR PACKAGES
UK Ltd
- Incorporation document set with Apostilled corporate document set incl. General Power of Attorney for 1 year
- Nominee Director & Shareholder service
- Registered address, Registered Agent Service
- Declaration of Trust & Company seal
- General Power of Attorney with Apostille
- Nominee Director & Shareholder service
- Registered address, Registered Agent Service
- Annual Return
- Annual accounts preparation & submission
UK LLP
- Incorporation document set with Apostilled corporate document set incl. General Power of Attorney for 1 year
- 2 Nominee non-resident Partners service
- Registered address, Registered Agent Service
- Declaration of Trust & Company seal
- Registered address, Registered Agent Service
- Annual Return
- Annual accounts preparation & submission
Ready made companies available for intimidate registration!