United Kingdom

The United Kingdom of Great Britain and Northern Ireland commonly known as the United Kingdom (UK) and Britain, is a sovereign state located off the north-western coast of continental Europe.

The UK’s form of government is a constitutional monarchy with a parliamentary system and its capital city is London. It consists of four countries: England, Scotland, Wales and Northern Ireland.

The United Kingdom is a developed country and has the world’s sixth-largest economy by nominal GDP and eighth-largest economy by purchasing power parity. It was the world’s first industrialised country and the world’s foremost power during the 19th and early 20th centuries. The UK remains a great power with considerable economic, cultural, military, scientific and political influence internationally.

The UK service sector makes up around 73% of GDP. London is one of the three “command centres” of the global economy (alongside New York City and Tokyo),  is the world’s largest financial centre alongside New York, and has the largest city GDP in Europe.

Going ahead with a UK company registration is a positive step. With good tax and legal advice a UK company registration can be truly worthwhile. UK companies are widely used because of their benefits and are recommended as an alternative to offshore company formation for tax and business reasons.

UK Limited Company Registration: Legal Entity

The UK limited company and UK LLP are legally treated as entities with their own identity and powers. Because of this they are independent entities distinct from their shareholders or members. Through UK company incorporation you are able to acquire property, open bank accounts, transact and invest using your company’s name. Acquiring assets or having them transferred to a UK company is an easy way to protect personal assets because whatever is owned by the company is legally separate from that of its owners from the moment of UK ltd company registration.

UK Limited Company Formation: Limited Liability

The UK limited company and limited liability partnership are not only legal ‘persons’. They are UK companies with limited liability, which legally prevents personal assets from being claimed as payment for company debts or if the company goes bankrupt. Limited liability is one of the main advantages and reasons for UK limited company registration of a partnership with limited liability, and not just UK companies, but a UK limited company.

UK Company Registration: Structure and Concept

UK ltd company registration uses a structure and concept that is known and used worldwide. The basic idea of the UK limited company is the same internationally, even though the name appears as Sociedad Anónima (SA) in Spanish, Société Anonyme à Responsabilité Limitée (SARL) or Société Anónima in French or Gesellschaft mit beschränkter Haftung (GmbH) in German. As a result, with UK company formation you create a business structure that is trusted, accepted and well known in the business world. The basic structure is standard, comprising a Management Board or Board of Directors, Shareholders and a Secretary.

UK Company Incorporation: Access to Other Markets

UK company registrations make it more acceptable and beneficial to trade in the EU and other international markets. Plus, as a member of the European Union, the UK is as an ideal gateway for international and EU trade. The UK is signatory to over a hundred of double taxation treaties, which are agreements signed between countries or regions to provide businesses and individuals with preferential tax treatment or incentives. For a non-UK resident, company incorporation in the UK means tax advantages.

The image of your UK limited company means a lot, especially when entering new markets. This is why even though UK companies pay taxes, it is good that your UK companies are tax transparent and can avoid being scrutinized. This is not necessarily so with an offshore company as IBC’s and LLC’s are known to be tax free and often said to be encouraging harmful tax competition. With a UK ltd. company registration your company can avoid being drawn into this debate.

UK Limited Company Formation of Low Tax Structures

Despite of the taxes in the UK, company formation UK opens opportunities to minimise your tax liability. Below are several examples of strategies that can be used for company registration UK.

Some of our clients use company incorporation in UK where the UK limited company is acting as the Selling Agent of an offshore company.

Another strategy uses UK company incorporation of an LLP with its members being either offshore companies or non-UK resident private individuals. It can potentially create a zero tax business structure with company formation UK since UK LLPs are exempted from corporation tax, while members pay income tax. By taking full advantage of UK non-residency rules for taxation, members can potentially reduce income tax payable to zero.

UK ltd. company registration rules allow other companies not only individuals to be its shareholder upon UK company incorporation. The same applies when forming UK Limited Liability Partnership (LLP).

The benefit of the above strategies is that UK company registrations (ltd company or LLP) can increase the income for the shareholders or members.

UK Ltd Company Registration Requirements

Company formation in UK requires only one shareholder and director (this can be the same person) for a UK limited company, and a minimum of two members for a UK LLP. It means you can proceed with UK company formation on your own or with another person. The advantage of this in company incorporation UK is avoiding a shareholder conflict by being your own shareholder and director. As a sole shareholder and a director you exercise the authority of the general meeting, can record your own minutes or hire a secretary to help with administrative duties.

Company Formation UK: Privacy

Privacy is an important factor in the UK ltd. company registration because people incorporate for different reasons. Some to protect assets, trade goods, invest in stock markets internationally or purchase property without having to use their personal identity. To protect your identity during UK limited company registration, we can provide you with a nominee shareholder and a nominee director, so that the details of the nominee and not yours will be shown on the public register.

Company Registration UK: Flexible Structure and Continuity

As the needs of a UK limited company change, members have the freedom to make and implement decisions. For better organisation, rules to appoint and dismiss directors, reduce or increase the number of shareholders and share capital of UK companies can be included in the Articles. UK company incorporation laws allow UK companies to exercise this freedom, so they can adapt to changing business climates, situations and resolve conflicts as they arise.

Also, UK companies (UK limited company and UK limited liability partnership) have continuity. This simply means that these UK companies continue to exist legally even if a director or shareholder leaves or dies. Company incorporation in UK provides a powerful advantage, which allows a business to operate and grow over a very long period of time.

Company formation UK is simple and fast due to electronic and web based filing and information systems developed. Our company registration UK service takes care of the paperwork and legal procedures that clients would normally have to do on their own. We ensure that all UK company registrations are complete within one working day, providing that all relevant information is received and Companies House does not experience any technical issues.

For more information and advice please Contact us by completing our online form and we will revert to you within 24 hours.

 

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