27th Apr 2021
Great Britain is one of the recognized business and cultural centers of the modern world. Therefore, it is prestigious to open a business in England. Such a company, as a rule, requires the respect of partners and is trusted by investors.
The United Kingdom consists of four jurisdictions: England, Wales, Scotland, and Northern Ireland. Each company that is located in one of these countries has its own advantages.
In the UK, the most commonly used organizational and legal forms of companies are as follows:
It is possible to form any of these business entity types with Clevver. Our qualified experts will advise you on the type of company that is right for you, as well as the conditions and documents required for quick registration. Сlevver specialists will incorporate your company in the UK in a timely manner, completely remotely, and are ready to provide additional services for the successful functioning and development of your business in Western Europe on request. Learn more here.
Taxation of companies in the UK is based on the principle of territoriality: resident organizations are taxed on all profits and registered non-resident firms in the UK — only on income earned in Britain. The main taxes businesses pay in Great Britain are:
If a company does business in the UK or with organizations from the EU member states, it may be required to register as a VAT payer. Obtaining a VAT number is compulsory if the company's annual turnover is more than £85,000. In other cases, registration as a VAT payer may be voluntary, with the provision of contact details of business partners, contracts, and invoices as evidence of the intention to achieve the required level of annual turnover in the near future.
When opening a company in the UK and acquiring a VAT number, a quarterly report on your business must be filed. If a zero report is filed for several reporting periods, the company may be removed from the VAT register and you will have to re-register. Clevver's legal specialists can take care of the VAT registration of your business in the UK at your request.
Britain has signed agreements with more than 130 countries to avoid double taxation for businesses.
The advanced economy, ever-growing market, and one of the world's most developed banking systems attract many investors wishing to open a company in the UK to do business and use the mechanisms of avoidance of double taxation.
Clevver specialists will readily start the procedure of your British company formation once you’ve applied to us and all is clear on both sides.
WHAT WE OFFER:
Registering a company in the United Kingdom will allow you to develop your business in one of the richest countries in the world. Despite the ending up the membership in the European Union, one of the important advantages of setting up a business in this jurisdiction is the preservation and maintenance by the UK of broad global ties in all sectors of economic and banking activities with the countries - former colonies of the British Empire, the Commonwealth States, and the Dominions, formally maintaining dependence on Great Britain.
Due to Brexit, the British economy does not depend anymore on EU decisions, which opens up new opportunities for your business. To start a business in the UK just contact us, we will take care of all the legal aspects of incorporation in this country, you will not have to worry about anything. You can apply right now.