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.

UK incorporation factsheet

Basis of legal systemUnder Common Law.
Governing corporate legislationUK companies are regulated under the Companies Act 2006.
StabilityVery stable jurisdiction with an excellent reputation.
TaxationCorporation tax is paid by limited companies on their profits. As from 1 April 2015 the rate is 20%
Timespan incorporationThe 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 requirementMinimum 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 requirementAccounts 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

Cost
Description

Ltd. Corporation Basic

129 €

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

Cost
Description

LLP Corporation Basic

129 €

Incorporation
Digital Certificate of Incorporation
Draft LLP Agreement
Bank introduction

All prices excluded VAT

Disclaimer:
The information provided on this website was inspected carefully and are updated regularly however, we do not assume any liability as to correctness, up-to-dateness and completeness of the contents.

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