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  • OFFSHORE COMPANY FORMATION

    Offshore, BVI Company Formation

UK Company Formation

UK Company Formation | Company Incorporation UK

The United Kingdom consists of England, Northern Ireland, Scotland and Wales and is situated to the west of the European continent and is one of the 27 members of the European Union. The population is approximately 60 million. Most of the world´s corporate legislation is based on English law, allowing for easy UK company incorporation.

Incorporation Fees

Government fee€50
Registered office€500
Incorporation fee€100
Total cost of incorporation€650
INCORPORATE NOW

UK Private Limited Company Legislation

Company Law is based on the Companies Act 1985 and subsequent amendments. The Government is currently introducing the Company Law Reform Bill to modernise the legislation.

Time to Incorporate

Under normal circumstances, UK private limited company’s can be incorporated/registered within 3 working days.

If required a company can be incorporate on the same day but there is a premium for this service of US$150.

Corporate Structure of a UK Private Limited Company

  • Only one director required – can be corporate
  • Only one shareholder – can be corporate
  • Shareholder(s) and director(s) may be the same
  • No requirement for local shareholder(s) and director(s) for UK Companies
  • Secretary is required, cannot be Director if there is only one Director – can be incorporated.

Privacy

The UK incorporation documents carry the names and identity of the shareholder(s), director(s) and secretary. As such the names appear on the public record.

Confidentiality

Shareholder(s) and director(s) nominee services are allowed to ensure confidentiality of beneficiaries.

Capital Structure of a UK Private Limited Company

  • Shares can be issued with or without par value
  • Shares may be issued in any legal currency or in more than one legal currency
  • The standard share capital is GBP1000 or an equivalent in another recognizable currency
  • The minimum paid in and issued capital may be one share

Taxation

UK Private Limited Companies are taxed on their profits, for more information you can visit the Inland Revenue’s website (http://www.hmrc.gov.uk/businesses/index.shtml) or we recommend you seek specialist tax advice.
The UK has many Tax treaties with other jurisdictions, we recommend you seek specialist tax advice to take advantage of these.

Annual Financial Statements and Company Records

  • Financial statements must be prepared for a UK Company
  • The financial statements must be filed with the UK authorities

Meetings of UK Company Shareholder(s) and Director(s)

  • There is a requirement for an annual general meeting of the shareholder(s) but this can be dispensed with by resolution.
  • A meeting need not be held in the UK and participants can attend by telephone.

Doing business using a UK Company

A UK Company can carry out any legal business and/or investment activity worldwide, they may not offer bank, insurance or trust services without prior authorization from the UK Financial Services Authority.

UK Company’s can do business with UK residents or corporations.

The UK Private Limited Company incorporation package includes:

  • First year government filing fees
  • Certificate of Incorporation
  • Memorandum and Articles of Association
  • Letter of appointment of first director
  • Nominee shareholder details (if required)
  • Declaration of Trust from the nominee shareholder (if a nominee shareholder is required).
  • Minutes of the first meeting of the founders
  • Share Certificates
  • Register of Shareholders
  • Register of Directors
  • Registered office, (first year, if required)
  • International express delivery by FedEx or DHL

Names

There are many restrictions on name use in the UK, a name will be rejected for the following reasons:

  • it is ‘the same as’ a name already on the registry
  • it includes the words ‘limited’, ‘unlimited’, ‘public limited company’ or ‘community interest company’ anywhere except at the end of the name. This applies equally to abbreviations or the Welsh equivalent of the words;
  • it ends with ‘commonhold association limited’ or the Welsh equivalent (unless the company is a commonhold association);
  • it ends with ‘community interest public limited company’, ‘community interest company’ (or abbreviations or Welsh equivalents) unless the company is a community interest company;
  • it includes anywhere in the company name any of the following: – ‘investment company with variable capital’ (or its Welsh equivalent);
    – ‘open-ended investment company’ (or its Welsh equivalent);
    – ‘limited liability partnership’ (or its Welsh equivalent);
    -‘SE’ (or the abbreviation SE bracketed or with other punctuation marks before or after the abbreviation). For more information, see our booklet The European Company: Societas Europaea (SE);
  • it is offensive;
  • its use would be a criminal offence.

Please contact us to discuss any questions you may have on UK Company name restrictions.

Other Types of Company

There are other types of company which can be incorporated in the UK, if you require any of the types of Companies listed below please contact us and we will be happy to assist you:

  • Public Limited Company
  • Limited Liability Company
  • Overseas Company
  • Unlimited Liability Company
  • Company Limited by Guarantee
  • Flat Management Company
  • Offshore Company Formation
  • Offshore Company Banking
  • Jurisdictions
    • Cyprus Company Formation
    • Anguilla Company Formation
    • Belize Company Formation
    • BVI Company Formation
    • Cayman Islands Company Formation
    • China Company Formation
    • Cook Islands Company Formation
    • Gibraltar Company Formation
    • Hong Kong Company Formation
    • Marshall Islands Company Formation
    • Nevis Company Formation
    • Panama Company Formation
    • Samoa Company Formation
    • Seychelles Company Formation
    • UK Company Formation
    • USA Company Formation
    • Vanuatu Company Formation

Nicosia

Suite 703, Nicosia Tower Centre
36 Lord Byron Ave
1096 Nicosia, Cyprus
Tel. +357 22 66 44 33
Fax. +357 22 67 26 44
Email: info@danoslawfirm.eu

Limassol

Suite 117, Profiti Hlia 2,
Germasogia,
4046 Limassol, Cyprus
Tel. +357 96 26 19 72
Email: info@danoslawfirm.eu

China

4F, Block A, EAC
No 18, Jiao Gong Road
Hangzhou, P.R China 310007
Tel. +86 571 281 388 15
Mob. +86 139 671 810 81
Fax. + 86 571 281 38 800

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