United Kingdom

The United Kingdom of Great Britain is one of the leading trading states of Europe. The UK includes England, Scotland, Wales and Northern Ireland, with a population of 63,425,792. The UK legal system 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) tax20%19% from 2017
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
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 Request package prices

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 (beginning with the second year) Request price

Annual financial statement – required

Audit – not required, special conditions

Ready made companies Request price


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 Request package prices

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 (beginning with the second year) Request price

Annual financial statement – required

Audit – not required, special conditions

Ready made companies Request price


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. Consultations for determining the order. To choose the jurisdiction of the company we offer our consultations:

  • by phone: + (371) 67280645
  • by email. mail: consult@bbp-net.com
  • with an electronic request by clicking on the title. Ask the Expert
  • Use our website to compare advantages, costs and requirements, as well as to learn about our company’s ability to provide accompanying services, opening a bank account and accounting services in appropriate offshore jurisdictions.

2. Complete the online order form. After you choose the most suitable option, please fill out one of the electronic statements:

3. Provision of an invoice and payment of an order. Within one working day after you have filled out an electronic application, the invoice will be sent to your e-mail.

You can pay the bill for our services with a cash transfer to the bank account of the BBP specified in the account, or using the PayPal payment system. We advise you to use PayPal only if the amount does not exceed 200 EUR.

ATTENTION! In the payment, please specify the account number!

How to receive payment immediately we will inform you.

4. After receiving from you all the necessary documents for Due Diligence procedure, we will begin the process of registering the offshore UK or preparing documents for you already ready for the company.

5. Courier delivery of documents. Delivery of documents is carried out using international courier mail.

6. Further provision of support services. We guarantee the provision of the necessary services to further support the company.

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