United Kingdom

United Kingdom

The company in the UK

With a simple establishment , reasonable price and maintenance costs , the company in the UK is a good solution for those who need a solid European company .

 

GENERAL INFORMATION ABOUT THE UK

UK (United Kingdom of Great Britain and Northern Ireland) - is one of the largest states in Europe. Britain is a permanent member of the UN Security Council. The form of government - a parliamentary monarchy . London is one of the largest cities in Europe and the world's most important financial and economic center.
Official language - English .
The official currency - the pound sterling (GBP).

TYPES OF COMPANIES IN THE UK

We offer 3 types of companies in the UK :
ending Limited ( a private company with limited liability) .
with the end LLP (Limited Liability Partnership).
Scottish LP (Limited Partnership).

USE OF STYLE LIMITED

This type of company is the most common type of companies that are used in the UK. They should have at least one director (only individual) and at least one shareholder (can be either an individual or an entity) . They can be of any nationality. Perhaps the use of nominee services , because the register of UK public .

The company has a UK address where mail can come . Limited company is taxable and must annually submit financial statements . We offer our English accountant. The company pays income tax of 20 % on the net profit. The company may operate under the agency scheme , being an agent of an offshore company and give 5 % agency fee of net income. This is the net income of the company from which you want to pay income tax. Limited company is a resident of the UK if it pays taxes and is the director of a local resident. Such a company can get if necessary certificate of residence from the tax department .

There are no restrictions on doing business in the UK or outside the state , except for illegal or activities that require additional licensing , such as permission for the provision of banking and insurance services.

USE OF TYPE LLP

Limited Liability Partnership (LLP) - a partnership that has at least two partners , individuals or legal entities of any nationality . Feature is the fact that the company itself does not pay income tax. Must pay income tax partners if they receive income from the company.

Use as partners two nominal offshore companies who are not tax resident in the UK. In such a case, the company is essentially tax-free . Despite the tax-exempt status , a company must annually submit financial statements . We offer our English accountant. Since the company does not pay taxes in the UK, it does not have resident status. However, she is free to engage in activities outside the UK.

USE OF SCOTTISH LP

Scottish LP (Limited Partnership) is similar in structure to the LLP. Feature is the fact that the company itself does not pay income tax if its members are non-residents of the UK, every year it is necessary to take only a short Tax Return. Since the company does not pay taxes in the UK, it does not have resident status. However, she is free to engage in activities outside the UK.

DEADLINE FOR REGISTRATION OF COMPANIES IN THE UK

The deadline for registration of companies in the UK is generally 2-4 working days 3-5 working days spent on notarization and apostille , 3-5 working days for courier documents. Perhaps the accelerated establishment «same day" urgent and Apostille for an additional charge .

ADVANTAGES OF THE UNITED KINGDOM

Prestigious European country , many agreements on avoidance of double taxation.
The ability to use an agency agreement in the calculation of net income Limited companies.
LLP and LP types of companies can operate in the offshore regime.
The authorized capital may be only 1 pound .
simple and rapid establishment and liquidation of companies.
there is no need to appoint a resident director .
the ability to use a nominee director and shareholder.

DISADVANTAGES OF THE UNITED KINGDOM

the need to provide financial statements and companies like Limited LLP.
penalties for late submission of financial statements

Company registration in UK involves the following steps :
Verification and validation of the company name in the register.
Preparation and filing of all required documents.
Payment of the required registration fees and taxes .
The incorporation of the company in the Register of Companies.
Notarization and apostille .
Delivery of documents to the client.

Provide documents :
Certificate of Incorporation.
Memorandum and Articles of Association.
LLP and LP types of companies have instead Partnerhip Agreement ( Partnership Agreement ) .
Appointment of Director ( Appointment first director ) .
Minutes of the First Meeting ( Minutes of the first meeting).
Share certificates .
Print.
When you purchase the complete package and the use of nominee service adds the following documents: apostilled power of attorney , declaration of trust from the nominee shareholder and signed form of transfer of shares.