Incorporation documents package
Apostilled set of documents
Good offer England LTD STAND.
The United Kingdom of Great Britain and Ireland is west-european island country located in the British Isles, and is one of the largest on the continent. The structure of the state has four provinces: England, Scotland, Northern Ireland and Wales, three of which (except the England) are provided with significant degree of autonomy. The official language is English, the country`s capital - London, one of the major financial and economic centers of the world. The national currency – is pound sterling, which is the largest reserve currency in the world and ranks third place after US dollar and euro.
UK being the successor of the most powerful empire, today retains sovereignty over fourteen British Overseas Territories and three Crown Lands. In contrast to the Overseas Territories the crown lands belong to the British, but are not part of the United Kingdom.
UK economy is the sixth in the world and second in Europe after Germany. The capital of the state, along with New York and Tokyo is the world`s largest financial center. Industrial sector occupy significant part in the nation`s economy, especially automobile and aviation industries, as well as the pharmaceutical industry and tourism.
The UK is one of the largest regions, which provides favorable conditions for business. The fact that most of Europe`s largest companies are headquartered in the United Kingdom prove this. The amount of established British companies is growing, most of which are owned by foreign investors.
Company registration in UK means a high level of business reputation and ability to enter the European market in the status of respectable European company. Advantages of opening the company (partnership, limited liability company) are evident in England:
- Jurisdiction prestige status, promoting the formation of the business image of the company;
- Democratic corporate law, which allows long-term business and ensures legal compliance;
- Tax benefits system, which allows to use UK company as an effective tool of tax planning;
- No residency requirements for directors and shareholders, as well as the minimum size of the authorized capital;
- Large number of signed agreements about avoidance of double taxation.
The activities of British companies is governed by the Companies Act 2006 and Limited Liability Partnerships Act 2000.
The most common types of business in the UK are:
1. Limited Company:
-Private Limited Company, LTD.
- Public Limited Company, PLC.
2. Partnership LP, LLP:
- Limited Partnership, LP.
- Limited Liability Partnership, LLP.
Company Registration in England in the form LTD is the most common option. Such company can be used for holding activities: the presence of EU Directives "About subsidiaries and parent companies" as well as agreements on avoidance of double taxation that allows to avoid taxation in the UK within the payment of dividends to offshore company or receipt of dividends from foreign subsidiary company. One can open Company (Ltd) in England as the agency company – it is convenient for the conduct of international trading activity as an agent of the offshore companies and receive commission income. In addition, a company with limited liability acts as a nominee or factoring company that is convenient for asset protection (in the first case) and a royalty payment.
As for partnerships, the principal difference is that the partners are imposed taxes, not legal entity. If the partners are non-residents and the company conducts business outside the jurisdiction, the payment of UK tax is eliminated, and the partners are subject to taxation at the place of registration.
English company name should not be identical to the name in the register. Additional coordination requires the use of words that indicate the relationship of the company with the Queen, Government, state bodies. Abusive language is forbidden.
To open LTD in UK, you need at least one shareholder (private or legal person any residence), at least one director (private person over the age of 16, any residence); secretary is not obligatory. The minimum nominal capital is £ 2.
A limited liability company is a tax resident in the UK. Corporate income tax is charged on a progressive scale and ranges from 20% -25%. The company, which is considered small, i.e., its annual turnover no more than 5.6 million. pounds, the number of employees up to 50 people and annual income no more than 300 000 pounds, is taxed at 20%. If income exceeds £ 1.5 million - the tax rate is 25%. Standard VAT rate in the UK is 20%, but it can be reduced to 5% or to zero rate. It is requires a registered office in the UK and a local bank account to obtain a certificate of VAT payer.
Reporting for LTD in the UK is in annual filing:
- Annual Declaration in the Companies Register, which includes general information about the company (every 12 months from the date of establishment);
- Annual report in the Companies Register, containing financial information about balance, income and losses statement;
- Annual tax return to the revenue authority of the United Kingdom, containing data about income and amount of taxes paid.
Along with the company registration it is possible to buy a ready-made company in the UK, which greatly speed up the start of commercial operations.
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