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The United Kingdom (UK)

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The United Kingdom (UK)

Great Britain is a jurisdiction whose reputation gives the opportunity to conduct business with all countries that traditionally adhere to anti-offshore policies. The UK is rapidly gaining popularity among business representatives due to the comfortable business climate. Several organizational and legal forms of companies, lack of requirements for authorized capital, support of investors from the state and a high level of reliability - all this attracts entrepreneurs who plan to open their business here.

Features of jurisdiction

  • Not an offshore country;
  • Is not included in the list of TCs and is not listed in any of the "black lists";
  • Fast registration of companies through the services of Companies House;
  • There are no requirements for the residence of company participants;
  • Ideal for small and medium businesses.

Ways of using the company

Among the possible organizational and legal forms, the most popular are the Private Company Limited by Shares, or "LTD" (the analogue of the Ukrainian LLC), Limited Liability Partnership (LLP), a limited partnership, or Limited Partnership (LP). Under local law, companies in the form of partnership are not tax elements and are exempt from corporate tax, which makes them the most sought-after in the business environment. This rule applies only to non-residents who conduct business outside the jurisdiction. Partners pay taxes at the place of their residence.

COMPANY REGISTRATION PROCEDURE

To register a company in the UK, you must provide:

  • Several variants of the name for verification;
  • Documents for partners and the beneficiary (if it is Limited Partnerships (LP) and Limited Liability Partnerships (LLP);
  • A package of documents for shareholders, directors and the beneficiary (if it is Private Company Limited by Shares (LTD).) The package of documents consists of:
    - civil passport, driver's license or passport;
    - confirmed address of residence;
  • Information on the proposed activity of the company and the geography of doing business.

Company REQUIREMENTS

Private Limited Company (LTD)
10-15 business days;
Type of companyLimited Liability Company (LTD);
The company registration term
Authorised Shared CapitalNo requirements;
Paid in Shared Capital 2 GBP;
Taxation19%;
Minimum number of shareholdersOne (non-resident or resident); a natural or legal person;
Minimum number of directorsOne (non-resident or resident); only an individual;
Nominal service Available;
Availability of information about company membersInformation about directors, shareholders, secretaries, addresses, annual reports and persons with significant control (over 25%) is available in Companies House;
Limited Liability Partnership (LLP)
Type of companyLimited Liability Partnership (LLP);
The company registration term10-15 business days;
Authorised Shared CapitalNo requirements;
Paid-In Capital 2 GBP;
Taxation 0% subject to failure to do business in the UK;
Minimum number of partnersTwo;
Nominal serviceAvailable;
Availability of information about company members Information about partners and persons with significant control (more than 25%) is available in Companies House;
Limited partnership (LP, SLP)
No requirements; 0% subject to failure to do business in the UK;Two (one general partner and one limited partner);
Name

  • Limited Partnership (LP);
  • Scottish Limited Partnership (SLP);
The company registration term10-15 business days;
Authorised Shared Capital
Paid-In Capital 2 GBP;
Taxation
Minimum number of partners
Nominal serviceAvailable;
Availability of information about company members Information about partners is available in Companies House; information about the beneficiary - not available;

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