United Kingdom

The United Kingdom of Great Britain — one of the leading trading states in Europe, which includes England, Scotland, Wales and Northern Ireland, population – 63 425 792.

The legal system of United Kingdom is based on the English Common Law.

Limited Liability Company (LTD), incorporated under the Companies Act 2006, can conduct business in any part of the world.

Limited Liability Partnership (LLP) incorporated under the Limited Liability Partnerships Act 2000 and the Income and Corporate taxes Act 1988 can conduct business in any part of the world.

Tax Rate 
Income (Corporate) tax
Profit less than 300 000 GBP20 %
Profit 300 000- 1 500 00 GBP21 %
Profit more than 1 500 000 GBP23 %
Received dividends0 %
Paid dividends0 %
Capitals gains tax0 %special ownership requirements
Interest paid0 %special requirements
Interest received20 %
Royalties paid0 %
Incomes from royalties20 %
Value-added tax (VAT)20 %
Double tax treaties with 125 countries
Tax Rate 
Income (Corporate) LLP taxnoEach partner pays the tax separately, depending on the state where the respective partner is registered as a taxpayer

Value-added tax (VAT)
20 %
Double tax treaties - as LLP companies are not UK taxpayers, these treaties are not applicable

A UK partnership itself will not be liable for taxation on profits or gains arising within the partnership, but these profits or gains will be assessed to tax separately on individual partners.

Advantages 

  • High international prestige as a member of the European Union
  • Low tax rate in comparison with other European countries
  • An LTD may be used as a holding company, for international trade, as an intermediary company etc.

Disadvantages

  • Income (corporate) tax rate from 20%
  • Annualy required to prepare and submit financial statements
  • In case the company operates outside the UK, no VAT number can be obtained

Advantages 

  • High international prestige as a member of the European Union
  • No corporate (income) tax
  • An LLP may be used for international trade, service provision, asset protection, as an investment companies etc.

Disadvantages

  • Annually required to prepare and submit financial statements
  • As LLP companies are not UK taxpayers, Double tax treaties are not applicable
  • Each partner has to be registered and obtain tax reference in UK
  • In case the company operates outside the UK, no VAT number can be obtained
Name Must end with the word ''Limited'' or abbreviation ''Ltd.''
Registration of company names that include components like ''Bank'', ''Insurance'', ''Trust'', ''Assurance'', 'Building Society'', ''England'', ''European'', ''British'', ''Irish'' etc. requires a special license
Limited use of such words like ''National'', ''International'', ''Holding'', ''Group'' etc.

Share capital The standard authorized share capital is GBP 1 000, not required to be paid before the company is incorporated
Shareholders A minimum of one Shareholder, individual or corporate entity
Director At least one Director must be an individual person, any nationality
Secretary Recommended, individual or corporate entity
Registered Address Required
Annual reporting Annual informative reporting (AR) to the Register
A company is required to prepare and submit financial statements to the Register and the British tax authority (HMRC)
Name Must end with the words “Limited Liability Partnership” or abbreviation “LLP”
Words like “Insurance”, “Bank”, “Chamber of Commerce”, Co-operative, Credit Union, Group, Holding, Building Society, Royal etc. may only be used by assent of the authority in charge

Share capital The standard authorized share capital is GBP 2 000, not required to be paid before incorporation
LLP partners At least two partners, each with limited liability
Registered Address Required
Annual reporting Annual informative reporting (AR) to the Register
A company is required to prepare and submit financial statements to the Register and the British tax authority HMRC

Company formation packages
Basic
Plus
Company formation, preparation of documents
Incorporation fee
Registered address for one year
Resident Secretary fee for one year
A set of apostilled registration documents
Company seal
Shareholder’s services for one year -
Director’s services for one year -
Issue of a General Power of Attorney (GPA) -
Apostilization of a General Power of Attorney-
Please see the prices in GBP currency

Ready made companies
Name Reg. Date Price
INTAFIELD LTD 27.01.2014 ** Order now
JANESTA LTD 03.01.2013 ** Order now
AKOTRADE COMPANY LTD 12.01.2012 ** Order now
0 – Email us for the price

Timeframe

Incorporation of a new company 7 business days
Legalization of documents, depends on the Embassy who legalizes documents from 20 business days
A ready-made company, preparation of the transfer documents 4 business days

Annual support (from second year)
Basic
Plus
Government fee
Annual reporting (AR)
Registered address for one year
Resident Secretary fee for one year
Shareholder’s services for one year-
Director’s services for one year -
Issue of a General Power of Attorney (GPA) -
Apostilization of a General Power of Attorney-
Please see the prices in GBP currency


AuditNot required, special conditions


Information that has to be provided by the customer

Incorporation process is possible as soon as the Due Diligence procedure is completed. Please fill in and send us the Order form; immediately afterwards, we are going to send you the information on the document required within the boundaries of the Due Diligence procedure.

Company formation packages
Basic
Plus
Partnership formation, preparation of documents
Incorporation fee
Registered address for one year
A set of apostilled registration documents
Company seal
Corporate partner’s services for one year -
Issue of a General Power of Attorney (GPA) -
Apostilization of a General Power of Attorney -
Please see the prices in GBP currency

Ready made companies
Name Reg. Date Price
CHELMSTON LLP 19.05.2015 ** Order now
EUSTON SYSTEM LLP 10.01.2014 ** Order now
0 – Email us for the price

Timeframe

Incorporation of a new company 7 business days
Legalization of documents, depends on the Embassy who legalizes documents from 20 business days
A ready-made company, preparation of the transfer documents 4 business days

Annual support (from second year)
Basic
Plus
Government fee
Annual reporting (AR)
Registered address for one year
Corporate partner’s services for one year -
Issue of a General Power of Attorney (GPA) -
Apostilization of a General Power of Attorney -
Please see the prices in GBP currency


AuditNot required, special conditions


Information that has to be provided by the customer

Incorporation process is possible as soon as the Due Diligence procedure is completed. Please fill in and send us the Order form; immediately afterwards, we are going to send you the information on the document required within the boundaries of the Due Diligence procedure.

1. Consult to determine the order. To choose a jurisdiction for a company we offer a consulting services:

  • via telephone +(371) 67280645
  • via e-mail: consult@bbp-net.com
  • via online question form found in the header Ask an expert
  • Navigation through our web site will help you to determine: benefits, prices and requirements in respective jurisdiction

2. Complete an application form. After you have made your decision, please complete one of the online application forms:

3. Issue of invoice and settlement of order. Within one business day of filling in the online application form, you will receive an invoice via e-mail. You can pay the invoice using money transfer to the BBP bank account provided in the invoice or via Internet, using PayPal. We suggest using PayPal only in case the amount is less than 200 EUR.

ATTENTION! The invoice number should be written in the details of payment!

A payment acknowledgement will be sent to you as soon as we will receive the payment.

4. After we receive the required Due Diligence documents from you, we shall commence the incorporation or the preparation of the documents required in order to carry out the acquirement of a ready-made company.

5. Document delivery to the client. Documents are sent via international courier mail.

6. Further supporting services. We guarantee to inform, assist and provide you with all the necessary services for further support of the company.

Get acquainted with jurisdiction legislation free of charge!

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*Please note that we shall only provide one document for free. If you would like to receive more information please contact us!

Great Britain is a country with the strongest economy in the world and with an impeccable reputation. This makes it so attractive for business. According to statistics, the UK is confidently leading in terms of the number of new companies that are registered here as residents of the country, as well as non-residents. New legislation significantly simplified the procedure for forming a company in the UK, in addition, you can do business remotely, without personal presence in the country.

Company registration in the UK is beneficial in same ways. By choosing correct legal form of the company income tax does not need to be paid. The organization, formed in the UK, can be an excellent solution in tax optimization and various business-offshore schemes.

The United Kingdom cannot be called an offshore zone in the traditional sense. A company that was registered there can take advantages of tax benefits and concomitant privileges. Company formation in the UK contributes to the importance of your business on the world stage. In terms of prestige, a company registered in the UK has several advantages over companies in the CIS. Great Britain has been acquiring with traditional linkages in the area of finance and trade with all European countries for centuries. Up-to-date and loyal legislation will be an excellent support in expanding a business or developing a new one. The economic situation in the Kingdom allows to build long-term prospects and to predict profit.

You need to collect all documents properly to register the company in the UK. If you would like to do it in the shortest period, it would better to use the services of experienced specialists in this field. Professional assistance will allow you to avoid mistakes and to save your time. Our company offers detailed consultations, support in the formation and management of offshore companies in the UK, as well as additional services. Set up a company in the United Kingdom with us and make your life full of opportunities.