UK Limited Resident Company Company Formation
The British legal system, honed and developed over centuries, stands as the cornerstone of common law legal systems employed in most Commonwealth countries. The British economy is undeniably one of the largest on the global stage. It’s often characterized as a mixed-market economy, blending various free-market principles with a robust social welfare infrastructure. A notable aspect of the UK’s appeal for businesses is its competitive taxation regime, with a corporate tax rate set at 20%.
For entrepreneurs, investors, and businesses seeking opportunities in the UK, the concept of a UK Limited Resident Company holds immense significance. It’s imperative to understand that UK Limited Companies do not fall into the category of offshore entities since there is no offshore legislation in the UK.
The advantages of choosing a UK Limited Resident Company as your business structure are manifold. This legal framework offers limited liability, potential tax benefits, and a streamlined approach to managing a private limited company. Consequently, it comes as no surprise that it’s the most prevalent form of registered business in the UK. Notably, this structure safeguards shareholders’ personal assets from the financial obligations of the company, except when these assets are leveraged as collateral for borrowing. Such an arrangement minimizes financial risk, confining it to the capital invested in the company and any outstanding shares.
A noteworthy strategy is to leverage UK companies in conjunction with offshore entities to achieve a highly favorable tax rate of less than 5%. This strategic arrangement is often referred to as an “Agency Company.” In this scenario, an onshore UK Limited Resident Company assumes the role of a nominee or agent for an offshore principal. This innovative structure combines the advantages of an onshore presence with the significant benefits provided by offshore arrangements, rendering UK Limited Resident Companies an indispensable tool for those seeking effective tax optimization and comprehensive asset protection strategies.
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Advantages of UK Limited Resident Company :
If you are interested in UK Limited Resident Company Formation, you can contact us any time.
Summary of UK Limited Resident Company and main characteristics:
| General Information | |
|---|---|
| Type of company | Limited Company |
| Corporate Legislation | British Common Law |
| Taxation | Standard Corporation Tax – 19% Tax on Dividends for foreigners – 0% Standard VAT rate – 20% |
| Currency | Standard Currency GBP£ Share Capital can be also in EUR or USD |
| Paid up capital requirement | No paid up capital required (1 GBP£) |
| Time zone | GMT (UTC) |
| Directors | |
| Minimum no. required | 1 |
| Local Director required | No |
| Location of Meetings | Anywhere |
| Shareholders | |
| Minimum no. required | 1 |
| Location of Meetings | Anywhere |
| Company Secretary | |
| Required | Optional (can provided by Consil Formation) |
| Local Secretary required | No |
| Registered office required | Yes |
| Share Capital | |
| Standard Currency | GBP£ |
| Standard Authorized Capital | 100 GBP£ |
| Minimum paid up capital | No |
| Accounting Requirements | |
| Preparation of accounts | Required (can be completed by Consil Formation) |
| Requirement for audit | No |
| Accounts public accessible | Yes |
| Requirement to file Annual Return | Yes (can be completed by Consil Formation) |
| Further Information | |
| Bearer shares | No |
| Confidentiality | Yes |
| Nominee services | Available |
| Need to travel | No |
| Apostille | Yes, Hague Convention 1961 |
| Owners | Individuals or Corporate |
Register your UK Limited Resident Company
- Document Notarization per document: € 500
- Bundle of documents Notarization;
- Document Apostillation per document;
- Bundle of documents Apostillation.