Our company specializes in registration of private companies, public limited partnerships, and general partnerships in
England
,
Wales
,
Scotland
, and
Ireland
, and providing them accounting services.British companies have certain advantages when conducting business: Starting a new enterprise is fast and easy, and there are no delays in the registration of the company. In the
UK there are favorable tax regulations. There is no need for constant paper correspondence with government agencies. Financial and tax reporting is filed once a year. The liability of shareholders is limited to the amount of their investment in the capital of the company. The business prestige of the
UK
and its capital,
London
. British companies with a turnover of less than 1.4 million pounds are exempt from mandatory audit. A broad range of opportuntities to use British companies as a nominee, holding, resident and non-resident company.
Basic requirements for registration of a private limited liability company:
A private Ltd is limited in the transfer of shares to third parties without the consent of other shareholders.· private company cannot publish offers to purchase shares. ·
The minimum number of directors and shareholders is one (it can be a corporation). Data on the directors and founders are in the public domain.
There are no residency requirements for directors·
The director and shareholder can be the same person. If nominee shareholders and nominee directors are used, the real owner of the company doesn’t have to be specified.·
The company name does not have to be identical or similar to the registered name. The terms Limited or Ltd. may be used at the end of the company name. ·
For the registration of a company, it is obligatory that the registered agent and registered office are located in the
UK
. ·
Nominee directors and shareholders can be used in the registration of a company. ·
Any type of activity is permitted, except banking, trust, insurance, and reinsurance activities, which require licensing)·
There are no requirements on the minimum amount and payment of authorized capital, and the suggested authorized capital for a company is 1,000 British pounds, divided into 1,000 shares of one pound.·
Maintaining accounting records and the preparation of an annual report providing an audit report is obligatory.·
Only shares with a nomial value are permitted to be issued (bearer shares without a nominal value are not permitted to be issued)·
Annual shareholder meetings are obligitory and can be held anywhere in the world.
Company documents can be kept anywhere.
The proccess of
UK
company formation requires the signing of an Association Memorandum, Declaration of Compliance and Position of the first directors, Acticles of Association, and notification to the Registration Office of payment of duties to the Companies House. The Memorandum confirms the company name and location of the company’s registerd office.
The Founders Agreement of a
UK
company contains the purpose of creating your business, general terms, basic information about the company (official name, purpose of establishing the company, legal address, type and value of shares, type of liability of the members of the company).
All applications that we receive for
UK
company registration are sent to the Companies House electronically, which frees you from having to fill out paperwork. All companies registerd in the
UK
must have a legal address. The legal address of a company will be used by the tax service and
UK
company register for sending official correspondences to the company.
Every private Ltd. must give an annual report to the Companies House, containing updated information on the directors and secretary, legal address, shareholders, and the shareholder capital of the company.