United Kingdom – Ltd. & LLP

Why is it beneficial for a company to incorporate in the United Kingdom?

The UK offers a large number of benefits and reasons to incorporate.
First of all, the incorporation itself is as easy as nowhere else. The process is fast and no notary is necessary. This enables you to be in business with your company within a day. Besides that, the UK market itself is a reason to set up a business there. The UK offers highly skilled and international workforce of over 30 million people, making it a piece of cake to find the suitable team for almost any sector. Both the TAX and VAT of the UK is at a steady 20%, however, the UK’s cost of labour is exceptionally low compared to its European competitors. Independence from the EU will allow the UK to quickly react to global events and shifts in the European and world markets, along with being able to adapt their deals to fit the regulations of each country. The UK is the only European country expected to have labour supply growth in the following 15 years.

What type of companies can be formed in the UK?

A Private Company Limited by Shares (Ltd) is the most common legal form of companies in the United Kingdom and is not open for the public to invest. Investors are only responsible for the company’s financial liabilities up to the value of their investment.

The Limited liability partnership (LLP) registration might just be the business structural paradise you have been looking for, protection to its members is identical to that of a limited company, but with the numerous of business and tax advantages to its members.
Unlike other types of the UK businesses, the limited liability partnership is the independent corporate entity, and is responsible for any debts, rather than its members. As its name implies, all partners of the LLP have the personal limited liability.

  • No big financial assets necessary: no minimum capital is required;
  • The registration costs are affordable.
  • No minimum number of shareholders
  • Fast process: Setting up an LLC takes a few hours (after an application has been submitted to the corresponding entity)

UK incorporation factsheet

Basis of legal system Under Common Law.
Governing corporate legislation UK companies are regulated under the Companies Act 2006.
Stability Very stable jurisdiction with an excellent reputation.
Taxation Corporation tax is paid by limited companies on their profits. As from 1 April 2015 the rate is 20%
Timespan incorporation The UK has a fast and efficient registry. Company incorporation can be processed electronically within a few days.
Confidentiality – published information Beneficial owners’ details: disclosed to the authorities
Shareholders’ details: appear on public record
Directors’ details: appear on public record

Ltd.

Company type Private Limited Company, based on shares
Paid up capital requirement Minimum share capital: £1
Minimum directors & shareholders 1 director (physical person of any nationality)
1 shareholder (can also be a legal person, no nationality restriction)
Required Company Secretary No – but we highly recommend it
Required Registered Legal Address Yes – optional available with us.
Accounting requirement Accounts and tax filing must be submitted by year-end.
Auditor is required, accounts must be filed with the Companies House.
Small companies can claim exemption from audit and prepare abbreviated accounts.
Company name regulations Language: Any
Letters: From Roman alphabet
Company name must end with: Limited or Ltd
Name restrictions apply. Certain names can require a consent or a licence

Pricing

Ltd. Corporation Basic

Cost

129 €

Description

Incorporation
Digital Certificate of Incorporation
Digital copy of Memorandum and Articles
Digital share certificate
Bank introduction
1 director included
3 shareholder included

Available Add-ons

Additional director

29,00 €

Any additional Director

Additional shareholder

29,00 €

Any additional shareholder, above the included 3 shareholder

Print of Certificates

29,00 €

Printed Certificate of Incorporation
Printed Memorandum and Articles of Association

Company Secretary

129,00 €
per year

Company Secretary
Annual Confirmation Statement Fee
Annual Confirmation Statement Filing
Maintain companies statuatory register
Update records held by company house
Ensuring company compliance with legal obligations

Service Address for Directors

9,95 €
per month

Protecting privacy of directors
Serves as official corresponding address of director for public register

Individual Nominee Director

749,00 €
per year

1 Individual Nominee director
3rd person acting as a director on your behalf
Privacy of your name in public registers

Nominee shareholder

100,00 €
per year

1 nominee shareholder
3rd person acting as a sharholder on your behalf
Privacy of your name in public registers

VAT Registration

65,00 €

A UK bank account and UK phone number has to be in place first.
We take care of VAT registration

Bank Introduction

Incl.

Bank Intro

Corporate Seal

25,00 €
plus shipping costs

Corporate Seal

Registered Address

9,95 €
per month

Registered Address for your company in London, Regent Street

Mail Handling

8,20 €
per month

Mail handling, Incoming, Scanning, Forwarding, Trash

* The notary fees and the costs for entry in the commercial register (Handelsregister) are not included in the price and will be charged separately.

LLP Corporation Basic

Cost

129 €

Description

Incorporation
Digital Certificate of Incorporation
Draft LLP Agreement
Bank introduction

Available Add-ons

Designated members

499,00 €

2 designated nominee members

Corporate designated members

249,00 €

1 designated coporate member

Print of Certificates

29,00 €

Printed Certificate of Incorporation
Printed Memorandum and Articles of Association

Company Secretary

129,00 €

Company Secretary
Annual Confirmation Statement Fee
Annual Confirmation Statement Filing

Service Address for Designated Members

9,95 €
per month

Protecting privacy your privacy of members
Serves as official corresponding address of director for public register

Corporate Seal

25,00 €
plus shipping costs

Corporate Seal stamp

Registered Address

9,95 €
per month

Registered Address for your company in London, Regent Street

Mail Handling

8,20 €
per month

Mail handling, Incoming, Scanning, Forwarding, Trash

* The notary fees and the costs for entry in the commercial register (Handelsregister) are not included in the price and will be charged separately.
All prices excluded VAT


Benefits of ClevverCompany:

  • You can start your business in nearly every country in the most convenient way
  • Fast and fully digital incorporation process
  • Lawyer approved process and local legal teams on site
  • Meeting all legal requirements
  • Internationalize your business without a big budgets

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