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) 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
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
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

[span class=”title green-title”]Annual financial statement[end-span][span class=”value”]Required[end-span]


[span class=”title black-title”]Audit[end-span][span class=”value”]Not required, special conditions[end-span]


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.

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