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.
Minimum directors/shareholdersMinimum of 1 director and 1 shareholder.
Information published relating to company officersUpon registration of the company, the names of company officers will appear on public record. A register of “people with significant control” has been in force since the 6 April 2016
Secretary requiredNo – but we highly recommend it
Paid up capital requirementMinimum share capital: £1.
Accounting requirementAccounts and tax filing must be submitted by year-end.
TaxationA tax rate of 21% applies for profits below £300k. For profits exceeding £300k a bracket applies.
Timespan incorporationThe UK has a fast and efficient registry. Company incorporation can be processed electronically within a few days.

Pricing

LTD Companies are formed most commonly in the UK and are a key part of many international structurs

Why incorporate a Limited (Ltd.)?

  • fast and easy process (no notary necessary for the incorporation)
  • Share capital minimum requirement of only 1 €
  • No private liability
  • Low taxation
  • Freedom of establishment (The legal domicile of Limited is in England, you may freely choose the center of administration)
Basic
Premium
Executive
Price

129.00€

190.00€

1290.00€

Incorporation

Digital Certificate of Incorporation

Digital copy of Memorandum and Articles

Digital share certificate

Bank introduction

Registered Address * incl. ClevverMail LITE

Printed Certificate of Incorporation

Printed Memorandum and Articles of Association

Company Secretary package *

Company Secretary

Annual Confirmation Statement Filing

Annual Confirmation Statement Fee

Service address for directors

Executive Package *

1 Individual or Corporate Director

1 Nominee Shareholder

* included in first year, additional costs apply from the second year onwards.

Yearly fee of additional services from second year onwards:

Registered Address incl. ClevverMail LITE

89.00€

Registered Address incl. ClevverMail STANDARD

199.00€

Registered Address incl. ClevverMail PROFESSIONAL

349.00€

Company Secretary package

149.00€

1 Individual Director

750.00€

1 Corporate Director

250.00€

1 Nominee Shareholder

100.00€

Non-UK residents as well as non-domiciles are potentially best positioned to minimise UK tax through the use of a UK Limited Liability Partnership.

Why incorporate a Limited (Ltd.)?

  • a hybrid between a limited liability company and a traditional partnership
  • benefit from limited liability
  • no Corporation Tax to pay if members are not companies
  • UK Partnership Agreements are not available to the general public and there is no requirement to hold and maintain records of meetings
Basic
Executive
Price

129.00€

599.00€

Incorporation

Digital Certificate of Incorporation

Draft LLP Agreement

Bank introduction

Registered Address * incl. ClevverMail LITE

2 Designated Nominee Members

Annual Confirmation Statement Filing

Annual Confirmation Statement Fee

* included in first year, additional costs apply from the second year onwards.

Yearly fee of additional services from second year onwards:

Registered Address incl. ClevverMail LITE

89.00€

Registered Address incl. ClevverMail STANDARD

199.00€

Registered Address incl. ClevverMail PROFESSIONAL

349.00€

1 Corporate Designated Member

250.00€

Executive Package (incl. 1 Corporate Designated Member)

280.00€

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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