UNITED KINGDOM

The United Kingdom lies on British Isles off the Western Coast of Europe. It's one of the several economic "superpowers" of the world. The country may be referred to as an Offshore Financial Center (OFC) not in terms of local tax legislation, but rather as a suitable jurisdiction for offshore/onshore business operations.

Evidently, the UK has the mildest "tax climate" in the European Union (only Ireland can somewhat compete) and is often used as the base multinational corporations operate from in other EU countries. The UK is the cradle of Common Law. British corporate law became a model of perfection for the overwhelming majority of offshore lawmakers of the world.

Tax system facts:

Corporation Tax for 2013 starts from 20% for profits GBP 300,000 or less. Tax rate 23% apply for profits above GBP 300,000. The country is evidently the world champion in the number of concluded (110) Double Taxation Treaties, and it provides excellent opportunities for international tax planning.

OUTSTANDING FUTURES:

Corporative legislation Decrees on Companies 1985, 1989, 1994;
Form of company Private limited company (hereinafter-company);
Authorized business activities All and any activities not prohibited by the law. Providing of banking, insurance and re-insurance, trust services is subject to special license;
Prohibited activities None;
Taxation The corporation tax main rate is 23%
The small companies' rate is 20% for companies with taxable profits 300,000 GBP or less.
Name of company Must not be identical or confusingly similar to the existing ones. The name has to end in the word Limited or Ltd. The words Insurance, Bank, Chamber of Commerce, Co-operative, Credit Union, Group, Holding, Building Society, Royal, and a number of other words are subject to approval by competent authority;
Who executes the foundation documents At least one signatory who subscribed for 1 share with value 1 GBP, and whose functions are limited only to signing of foundation documents and nominating of the first director;
Equity capital of the company No requirements in respect of the minimum amount and contribution of the equity capital;
Recommended equity capital 1,000 GBP, divided into 1,000 shares with per value 1 GBP;
Shares Only registered shares with per value may be emitted (emission of shares without per value and bearers shares is not permitted);
Shareholders
-minimum number
-nominal shareholders
-holding of equity in trust
One legal or natural entity;
Permitted;
Permitted;
Does the law provide for disclosure of information about the actual owner of the company No;
Directors
-minimum number
-nationality and citizenship
-status
One natural or legal entity;
No requirements;
All the rights apart from those falling into the exclusive competence of shareholders (determined by articles of association);
On the territory of UK there has to be:
-registered office
-registered agent
-secretary
Required;
Not required;
Required, natural or legal entity;
Holding of the meeting of
-shareholders
-directors
Annual meetings required, no requirements as to place of meeting;
Annual meetings required, no requirements as to place of meeting;
Mandatory
-keeping of accounting records
-preparing of annual account
-presenting of auditors conclusion

Yes
Yes, including information about directors, secretaries, shareholders, number of shares hold by them, equity capital, condition of accounts
Yes, if a company's turnover of over 1 million GBP or a balance sheet value over 1.4 million GBP;
Information at disposal to the third party Names and addresses of secretary, directors and shareholders, registered office, memorandum and articles of association, creditors claims;
Documents kept at the registered office Register of shareholders, directors and secretaries, creditors claims;
Agreements on exemption from double taxation Australia, Austria, Aden, Azerbaijan, Algiers, Antigua, Argentina, Bangladesh, Barbados, Belize, Belarus, Belgium, Ivory Coast, Burma, Bulgaria, Bolivia, Borneo, Botswana, Brazil, British Guyana, British Virgin Islands, Brunie, Hungary, Venezuela, Vietnam, Guyana, Gambia, Ghana, Germany, Guernsey, Gilbert and Ellis Gold-Coast Islands, Hong Kong, Grenada, Greece, Denmar, Jersy, Dominican Republik, Egypt, Zaire, Zambia, Zanzibar, Zimbabwe, Israel, India, Indonesia, Jordan, Iran, Ireland, Iceland, Spain, Italy, Kazakhstan, Cameroon, Canada, Kenya, Cyprus, China, Korea, Christofer and Nevis, Kuwait, Latvia, Lesotho, Lebanon, Lithuania, Luxemburg, Mauritius, Malawi, Malaysia, Malaya, Malta, Marocco, Mexico, Mongolia, Monserat, Nigeria, Netherlands Atlantic Islands, Netherlands, New Zealand, Norway, Newfoundland, Oman, Isle of Man, Faro Island, Pakistan, Palestine, Papua New Guinea, Poland, Portugal, Rhodesia, Russia, Rumania, Saudi Arabia, Swaziland, Seychelles, Singapore, Slovakia, Solomon Islands, St. Lucia, St. Vincent And the Grenadines, Sudan, USA, Sierra Leone, Thailand, Taiwan, Tanganyika, Trinidad and Tobago, Tunis, Turkey, Uganda, Uzbekistan, Ukraine, Fiji, Philippines, Finland, Falkland Islands, France, Chech Republic, Switzerland, Sweden, Sri Lanka, Estonia, Ethiopia, Yugoslavia, South Africa, Jamaica, Japan;
Currency control No;
Advantages The high international authority of Great Britain as a member of EC
The company may be used in capacity of either nominal, holding or non-resident company of Great Britain;
Term of incorporation 3-4 weeks;
Costs of registration of company

EUR 1,750 with full nominee service

Financial year ending on: In 60 days before the anniversary of  incorporation/formation
Possibility to purchase a ready-made company Yes
Disadvantages Mandatory accounting, presenting of annual account with auditor's conclusion;

UK LTD FEES STRUCTURE

THE BASIC SET OF SERVICES AND DOCUMENTS:

EUR 1,750

The set includes the applicable Minimal Government Registration Fee, a current year Registered Agent and Registered Office Fee , Certificate of Incorporation, Memorandum & Articles of Association, Minutes with Appointment of Initial director(s), Share Certificates, Full nominee service (The package consists of the Nominee Director's Package and a Nominee Shareholder services).

IMPORTANT NOTES

  • We reserve the right to change fees without notice.
  • The payment options are: WIRE TRANSFER

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