United Kingdom – Limited

United Kingdom – Limited/Other jurisdictions

The United Kingdom is an industrialized country with a high rating and standard tax level, a member of the EU, UN, NATO and other interstate organizations. The UK economy is one of the largest in Europe, and the capital of the state, London, is one of the leading financial and business centers in the world. UK fiscal policy is based on a standard tax system, however, English companies are widely used in business practice as a tool for tax planning.
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English resident (taxable) company, t. e. a taxpayer company that, regardless of where the income is earned, pays taxes at UK standard rates. In order for an English resident company to be used as a tool for tax planning, it is usually included in a scheme consisting of two companies: the English resident company itself and its foreign (usually tax-free) counterparty. 

  • Basic information about jurisdiction

    Area – 244.755 sq. кm
    Population – 60.500.000
    Government – monarch
    Capital – London
    Official language – english
    Official currency – pound sterling (GBP)
    Time zone – GMT +/- 0

  • Company type

    Private Limited Company (Ltd.)

  • Directors of the company

    Number: at least one
    Status: natural or legal persons
    Residents: residents of any country
    Information about directors: only in the Register of Enterprises of England and Wales
    Nominee directors: allowed

  • Shareholders of the company

    Quantity: at least one
    Status: natural or legal persons
    Residents: residents of any country
    Information about shareholders: only in the Register of Enterprises of England and Wales
    Nominee shareholders: allowed

  • Secretary Company

    Quantity: At least one  
    Status: natural or legal persons
    Residents: residents of any country
    Information about the secretary: only in the Register of Enterprises of England and Wales.
    Nominee Secretary: allowed

    As a secretary cannot to act as a director of a company if he is its sole director.

  • Authorized capital of the company

    Standard declared capital - 100.000 GBP.
    Minimum paid-in capital – 2 GBP. 

  • Company name

    Must end with the words '' Limited '' or abbreviations '' Ltd. ''. Name restrictions in the UK are relatively numerous - registrations containing the words '' Bank '', '' Insurance '', '' Trust '', '' Assurance '', 'Building Society' ',' are not allowed without a special permission. England '', '' European '', '' British '', '' Irish '', etc. The use of the words' 'National' ',' 'International' ',' 'Holding' ', and' 'Group' is also limited. ' and etc.

  • Information about the real owner of the company

    Information about the real owner is submitted only to the registered agent and is confidential.

  • Annual Return

    An annual report is submitted every 12 months after registration. 

  • Financial Statement

    The submission of a financial statement to the tax service (Inland Revenue) and to the Register of Enterprises (Companies House) is carried out annually.

  • Taxation

    The tax rate of British companies Ltd. makes ~ 28%.

  • Double tax treaties

    The UK has concluded double taxation treaties with more than 100 countries, including Russia, Kazakhstan, Ukraine, Latvia, and others.

  • The term of registration of a new company

    6-7 business days; The term of receipt of the full package of documents is 5-6 weeks.

  • Acceptance of third-party companies for service FIVECONSULT

    Only in coordination with the previous serving agent in the UK.

  • A set of constituent documents of the company

    1) registration certificate (Certificate of Incorporation);
    2) the initial protocol on the creation of the company (Pre - Incorporation Memorandum of Association), signed by the first founders of the company (Subscribers);
    3) articles of association / Memorandum and Articles of Association, signed by the first founders of the company (Subscribers);
    4) protocol on the nomination of nominee directors and nominee shareholders (Written Resolution of directors);
    5 ) General Power of Attorney (General Power of Attorney), signed by nominee directors - when buying a company, they are filled in with a specific name;
    6) agreement on the nominee tional when (Agreement for management of a company by nominee officers and indemnification ofthe nominees); 7) share certificates (ShareCertificates) signed by nominee directors;
    8) company stamp. 

  • "Ready-made" companies

    Purchase of "Ready-made" companies is possible.   Ready-made companies are always available.
  • FIVECONSULT comment:
    British resident company does not provide for its use as a standard tax-free tool. On the contrary, these companies are taxpayers, and the British State Revenue Service (Inland Revenue) closely follows that all proper reports are submitted on time. At the same time, English law contains regulations that allow these companies to be used effectively as a prestigious tool for tax planning in reputable business projects.

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