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United Kingdom – Private Limited Company
  • The United Kingdom is an industrially developed country with a high rating and a standard level of taxation. It is a member of the EU, UN, NATO and other international organisations.
  • The economy of the UK is amongst the five largest in Europe. The capital is London which is one of the leading financial and business centres of the world.
  • Whilst the UK is a country with a standard level of taxation, British companies are widely used in practice as a vehicle for tax planning.
  • We discuss below the features of a UK-resident company which is subject to UK tax. This is a company with a tax reference number which pays tax on its worldwide income at standard UK rates.
  • It is important to note that operation of a Limited company outside the United Kingdom does not relieve it either from taxes or from the filing of financial statements. Every year financial statements of the company must be filed with Companies House, and the relevant company tax return must be submitted to the UK tax office, namely HMRC (Her Majesty Revenue & Customs).

GENERAL INFORMATIONTotal area - 243,610 sq km
Population - 63,000,000
Location - click here to see the map of offshore jurisdictions
Political status - parliamentary monarchy
Capital - London
Official language - English
Official currency - British Pound (GBP)
Time zone - GMT -/+ 0
Company typePrivate Limited Company (Ltd.)
Directors/OfficersUnited Kingdom Ltd. companies require a minimum 1 Director; one of directors must be a natural person, other directors may be corporate bodies. No restrictions regarding a residence country of Directors.
Each United Kingdom Ltd. company must file a Register of its Directors with the Companies House of England and Wales.
ShareholdersUnited Kingdom Ltd. companies require a minimum of 1 shareholder, who may be a natural person or a corporate body from any legal jurisdiction.
Each United Kingdom Ltd. company must file a Register of its shareholders with the Companies House of England and Wales.
SecretaryUK Companies Act 2006 does not stipulate for Company Secretary to be appointed. However, no restrictions to appoint a Secretary on voluntary decision of the company.
Authorised share capital Standard authorised capital = GBP 1,000.
In accordance with UK Companies Act 2006, it is considered that all the shares are issued and paid at incorporation.
Company Names The name of a United Kingdom Ltd. company must end with the word "Limited" or the suffix "Ltd.".
Company names containing restricted words such as "Bank", "Insurance", "Trust", "Assurance", "Building Society", "England", "British", "European", "Irish", "National", etc. will not be permitted unless an appropriate national operating licence or special permit has been obtained by the company. Also the words "International", "Holding", "Group" are subject to individual acceptance by Companies House.
Beneficial Ownership information Information with regard to ultimate beneficial ownership must be disclosed to the Registered Agent of the company and is held by the agent on a confidential basis.
Filing of Annual ReturnAn Annual Return must be submitted every 12 months after the date of registration.
Filing of Financial StatementsA Financial Statements must be submitted every year to the Companies House; relevant Tax Declaration – to Her Majesty Revenue & Customs.
Corporate TaxationFrom 2014, tax rate for UK Limited companies is 21 %.
Tax TreatiesThe United Kingdom has concluded Double Tax treaties with more than 100 countries worldwide, including all the EU countries, the USA, Russia etc.
Timeframe for incorporation 2/3 working days. A complete set of company documents can be delivered in 4/5 weeks.
Takeover of management & secretarial services for an existing United Kingdom Ltd. companyPossible, following verification of Beneficial Ownership and agreement with and discharge of liabilities to previous corporate service provider in UK.
Description of incorporation documentsClick here for itemised description of company documents.
"Ready-made"("Shelf") companiesWe are happy to register new company in this jurisdiction in accordance with client instructions.
Price of United Kingdom Ltd. companyEUR 1,750, including incorporation costs, full domiciliary (Registered Agent/Office) costs, set of documents legalised by Apostille, including General Power of Attorney.
Cost of annual support servicesEUR 1,390 per year, including annual Government Duty, full domiciliary (Registered Agent/Office) costs, General Power of Attorney for current year.
Also, there are additional payments for preparation of financial statement, depending on complicity of the statement.
  • INTERNATIONAL OVERSEAS SERVICES has the following comments: -
  • An English Limited company is not meant to be used as a standard tax-free instrument. The UK tax office (Her Majesty Revenue & Customs) stipulates that all appropriate reports must be filed on time. Penalties are imposed for violation of reporting regulations, and in some cases even criminal liability is considered.
  • However, if all reporting and taxation requirements are met correctly, an English Limited company may be used effectively as a prestigious instrument for tax planning in solid business projects.