The United Kingdom, which consists of \nEngland, Scotland, Wales and Northern Ireland, lies off the Western \nCoast of Europe. It has a total landmass of approximately 241,590 sq km.<\/p>\n\n\n\n
Principal Corporate legislation<\/strong> Corporate feature<\/strong><\/p>\n\n\n\n COMPANY FORMATION<\/strong><\/p>\n\n\n\n London Registry<\/strong> The intended situation of the registered\n office can be stated from the outset. Clients can be named as the first\n director and secretary.<\/p>\n\n\n\n Procedure to incorporate<\/strong> Powers of company<\/strong> Language of legislation and corporate documents:<\/strong> English.<\/p>\n\n\n\n Time to incorporate<\/strong> Registered office required<\/strong> Disclosure of beneficial ownership to authorities:<\/strong> No.<\/p>\n\n\n\n Authorised and issued share capital<\/strong> Classes of shares permitted<\/strong> Bearer shares permitted:<\/strong> No.<\/p>\n\n\n\n Double taxation agreements<\/strong> Financial statement requirements<\/strong> STRUCTURE OF MANAGEMENT<\/strong><\/p>\n\n\n\n Directors<\/strong> Company secretary<\/strong> Shareholders<\/strong> Important note:<\/strong> International tax planners are able to utilise UK structures to minimise taxation for international business.<\/p>\n","protected":false},"excerpt":{"rendered":" The United Kingdom, which consists of England, Scotland, Wales and Northern Ireland, lies off the Western Coast of Europe. It […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":119,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-170","page","type-page","status-publish","hentry"],"yoast_head":"\n
\nCompanies Act 1985(As amended). The Income and Corporation Taxes Act 1988.<\/p>\n\n\n\nGENERAL<\/strong><\/td><\/tr> Type of Company<\/td> Private Limited<\/td> <\/td><\/tr> Political Stability<\/td> Excellent<\/td><\/tr> Common or Civil Law<\/td> Common<\/td><\/tr> Disclosure of Beneficial Owner<\/td> No<\/td><\/tr> Migration of Domicile Permitted<\/td> No<\/td><\/tr> Tax on Offshore Profits<\/td> Yes<\/td><\/tr> Language of Name<\/td> Latin Alphabet<\/td><\/tr> CORPORATE REQUIREMENTS<\/strong><\/td><\/tr> Minimum Number of Shareholders<\/td> One<\/td> <\/td><\/tr> Minimum Number of Directors<\/td> One<\/td> <\/td><\/tr> Bearer Shares Allowed<\/td> No<\/td> <\/td><\/tr> Corporate Directors Permitted<\/td> Yes<\/td> <\/td><\/tr> Company Secretary Required<\/td> Yes<\/td> <\/td><\/tr> Standard Authorised Share Capital<\/td> \u00a3 1,000<\/td> <\/td><\/tr> LOCAL REQUIREMENTS<\/strong><\/td><\/tr> Registered Office\/Agent<\/td> Yes<\/td> <\/td><\/tr> Company Secretary<\/td> Yes<\/td> <\/td><\/tr> Local Directors<\/td> No<\/td> <\/td><\/tr> Local Meetings<\/td> No<\/td> <\/td><\/tr> Government Register of Directors<\/td> Yes<\/td> <\/td><\/tr> Government Register of Shareholders<\/td> Yes<\/td> <\/td><\/tr> ANNUAL REQUIREMENTS<\/strong><\/td><\/tr> Annual Return:<\/td> Yes<\/td> <\/td><\/tr> Submit Accounts<\/td> Yes<\/td> <\/td><\/tr><\/tbody><\/table>\n\n\n\n
\nAs long as a client is prepared and able to wait for seven days a \n\u201ccustom-made\u201d new UK company formation may not only be preferable but \nalso more economical. Custom-made companies are set up with a client\u2019s \nown choice of name (subject to availability) and with the required share\n capital.<\/p>\n\n\n\n
\nSubmission of Memorandum of Association, Articles of Association, \nDeclaration of Compliance and Statement of the First Directors and \nSecretary and notification of the situation of the Registered Office \nwith the requisite fee to Companies House.<\/p>\n\n\n\n
\nA Company incorporated in the United Kingdom has the same powers as a natural person.<\/p>\n\n\n\n
\nTen to fifteen working days<\/p>\n\n\n\n
\nYes, must be maintained in the United Kingdom.<\/p>\n\n\n\n
\nPrivate Company \u2013 The minimum issued capital is one share, but further \ncapital is usually issued to reflect the stability and strength of the \ncompany. A private company is normally incorporated with an authorised \nshare capital of \u00a3 1,000.<\/p>\n\n\n\n
\nOrdinary shares, preference shares, deferred shares, redeemable shares and shares with or without voting rights.<\/p>\n\n\n\n
\nThe United Kingdom is party to more double tax treaties than any other sovereign state.<\/p>\n\n\n\n
\nAll UK Companies are required to file accounts with the Registrar of \nCompanies. There is an exemption given in favour of limited liability \ncompanies where they have a small turnover, which is defined as being \nbelow \u00a3 350,000. In those circumstances the directors must self-certify \nthe accounts without the requirement to have a formal audit.<\/p>\n\n\n\n
\nPrivate Companies \u2013 One. They may be natural persons or bodies \ncorporate. They may be of any nationality and need not reside in the \nUnited Kingdom.<\/p>\n\n\n\n
\nA company secretary must be appointed. The company secretary may be a \nnatural person or a body corporate. They can be of any nationality and \nneed not reside in the United Kingdom.<\/p>\n\n\n\n
\nPrivate Companies \u2013 the minimum number of shareholders is one.<\/p>\n\n\n\n