United Kingdom
COMPANY FORMATION IN THE UK
About the United Kingdom
The United Kingdom is is the seventh strongest economy in the world and enjoys a prestigious global reputation, with its capital, London, acting as the European financial hub. It is also a member of the G8, the UN Security Council, NATO, the EU and the Council of Europe.
As the UK was previously a major imperialist power, many former colonies retain strong ties and even operate under UK law. Companies that incorporate in the UK benefit from a vast range of favourable relationships with other countries around the world.
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Capital City
London
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Population
60 million
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Land Area
209,331 km²
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Currency
Pound sterling
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Economic Activities
Mixed market economy
Benefits of the United Kingdom
United Kingdom has several obvious benefits that make it the jurisdiction of choice for many businessmen across the world.
In the UK, limited companies are liable for 20% corporation tax, but Limited Liability Partnerships with offshore companies pay 0% income tax as long as the company is managed from abroad and there is no income derived from British sources. It is easy to incorporate your business in the UK, with same-day setup for filings made before 11am UK time.
Companies established in the UK are onshore registered, and benefit from the excellent reputation of the UK. The UK isn’t on any blacklists and benefits from an excellent legal system. UK registered offices can be arranged if required, along with HMRC registration and apostilled documents.
If your company is owned by more than two people, we can arrange for this, and supply the LLP agreement for execution. While an LLP needs to file annual accounts, this is a service we also provide, along with arranging for an accountant to complete your annual zero tax return, and for any necessary auditing that needs to take place.
- 0% CORPORATION TAX
- LLCs pay 0% on income derived from outside the UK .
- FAST INCORPORATION
- In some cases, same-day incorporation can be achieved.
- EXCELLENT REPUTATION
- Onshore registered and benefiting from the UK’s prestige .
- REGISTERED OFFICES
- We also arrange HMRC registration and apostilled documents.
- MULTIPLE OWNERS
- We can register your company with more than two owners where necessary .
- ACCOUNTING SERVICES
- We can arrange an accountant to file your tax returns.
FREE E-BOOK: INCORPORATE YOUR BUSINESS IN THE United Kingdom
Learn more about company formation in the United Kingdom.
Company types
In the United Kingdom, there are two options for tax exempt incorporation, but each has its own benefits and restrictions.
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LTD
PRIVATE LIMITED COMPANY
Private Limited Companies have no minimum capital requirements and a minimum share capital of just £1. While there is a minimum issued capital requirement of one share, companies tend to issue more as a way of proving company stability. Authorised shares can be issued at any time with shareholder approval.
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LLP
LIMITED LIABILITY PARTNERSHIP
LLPs have unlimited capacities in terms of trade, with member liability limited to partnership investment. Management structures are far more flexible with LLPs, but there is a much higher level of transparency, as members are taxed individually on their income or gains.
