UKGENERAL INFORMATION |
| |
| Corporate Legislation Source |
Common Law – Companies Act 1985 &1989. |
| Company Status |
Private Company Limited by Shares. |
| Advantages |
Very Popular choice due to its common law base and relative cheapness compared to European jurisdictions. The UK is no longer a tax haven in the true sense of the world the UK enjoys lower corporation tax rates than many of the competitors. |
| Disadvantages |
Audited accounts must be filed each year with Companies House if turnover exceeds over 350K p.a..Corporation tax of profits rather than flat rate. |
| Capital |
2.00 Min |
| Company Name |
No prior approval required, any name that is not in use is usually permitted, companies must end in Limited and “Royal”, “Imperial” etc must be justified. |
| Incorporation Time |
7-10 working days. |
| Shelf Companies |
Yes available |
| Capital Duty |
None |
| Shareholders |
Min One – Private Company Min 2 – Public Company |
| Bearer Shares |
Yes these are permitted providing there are held by the custodian. |
| Directors |
Min 1 |
| Secretary |
Yes mandatory |
| Registered Office |
Yes required |
| Information available on public file |
Articles, Directors, Secretary, Shareholders, Registered Office, Charges & Accounts. |
| Documents to be held at Registered Office |
Registers of Directors and Secretary. |
| Accounts |
These are required and must be filed on a yearly basis. |
| Annual Return |
Yes this is required. |
| Double Taxation Treaties |
Plentiful |
