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UK Managed Limited Companies

Tax Mitigation Jurisdictions

Synopsis:

UK Managed Companies, despite being relatively expensive to set up and maintain, are very popular with those seeking to avail of the UKs relatively low corporate tax rates and extensive double taxation treaty network. SCF Legal & Corporate Management Services Limited, the mother Starting my Business, can provide a qualified accountant as the company secretary, full trading account and administrative services from its London headquarters.

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Location

Situated to the east of the Republic of Ireland and north of France.

Country Facts

As the dominant industrial and maritime power of the 19th century, the United Kingdom of Great Britain and Ireland played a leading role in developing parliamentary democracy and in advancing literature and science. At its zenith, the British Empire stretched over one-fourth of the earth's surface. The first half of the 20th century saw the UK's strength seriously depleted in two World Wars and the Irish republic withdraw from the union. The second half witnessed the dismantling of the Empire and the UK rebuilding itself into a modern and prosperous European nation. As one of five permanent members of the UN Security Council, a founding member of NATO, and of the Commonwealth, the UK pursues a global approach to foreign policy; it currently is weighing the degree of its integration with continental Europe. A member of the EU, it chose to remain outside the Economic and Monetary Union* Population: 60,609,153 Size:241,590 sq km.

Advantages of UK Managed Limited Company

  • The UK has some of the one of the lowest corporate tax rates in Europe
  • Highly advanced Corporate Law
  • Similar laws and way of life to both the US and Ireland
  • Limited Companies can be formed in as little as 3-5 hours.
  • Excellent Double Taxation Treaty Network .
  • Highly Respectable
  • Excellent communications

Taxation

  1. The fastest growing large country in the EU
  2. Companies need only one director. A director can be an individual or corporate entity. Details are on public record.
  3. There are no nationality requirements for officers and shareholders.
  4. There must be at least one shareholder. A shareholder can be a corporate entity and there are no nationality or residence requirements.
  5. A full register of members and charges must be kept at the registered office in either England & Wales, Scotland or Northern Ireland.
  6. The name of the required company should be checked with Companies House and the ending will be either Limited or Public Limited Company. Securing a company name in the UK is a almost instantaneous process
  7. Developed and favourable corporate law.
  8. Single subscriber companies available.
  9. No capital gains tax and no exchange controls.

UK companies are taxed on their worldwide income at the universal rate of 12.5%. Personal tax rates are also amongst the most favourable in Europe especially given that most foreigners are not taxed on their worldwide income only their British income.

How to Incorporate an UK Ltd Company

The principal governing legislation is covered by the Companies Acts' 1985 and 1989 but are soon to be replaced by the Companies Act 2006.

Corporate Requirements

  1. Name: The name of the required company should be checked with the Registrar. The ending will be either limited` or public limited company.
  2. Capital: The minimum issued share capital is £1.00 with most limited companies having an authorised nominal share capital of at least £1,000.00.
  3. Registered Office: All companies require a local registered office for service of process in either England & Wales or Scotland.
  4. Registered Agent: There is no specific requirement for a registered agent
  5. Board of Directors: There must be at least one director. The director can be an individual or corporate body resident or not in the UK. Details are on public record. There are no nationality requirements.
  6. Company Secretary: The company secretary can be resident or non-resident; a corporate or non-corporate body
  7. Shareholders: There must be at least one shareholder. They can be either real or corporate entities. There are no nationality or residence restrictions.

Annual Fees and Government Taxes

All companies must submit an annual return to the local authorities whether or not the company has traded. If a company has conducted no business it can submit non-trading accounts to Companies House and the Inland Revenue. All companies must be very specific about their trading activities and will normally have to be registered for VAT which, at its highest rate, is 20% in the UK.

UK Company Formation

As an authorized Companies House Agent, we can complete an electronic UK company formation within 3-5 working hours. This means that your company will be legally registered with the Companies House (or Companies House Edinburgh or Companies House Belfast) depending on where you are locating your business. We can undertake a company formation for a UK incorporation, form a UK limited company, or form a UK LLP (Limited Liability Partnership) company. We will obviously take care of all the administration concerning your UK company formation.

UK limited company

A UK Limited Company can be formed electronically within 3-5 working hours. Once person can form a UK limited company. Directors can be either individuals or corporate entities. However, from 1 October 2008, every company had to have at least one director who is a "natural person "not a corporate entity (The Companies Act 2006). There are no residency or nationality restrictions for UK directors. There is no longer a legal requirement to appoint a company secretary. All UK companies must have at least one subscriber/shareholder at the time of incorporation. Registered Office Address must be either within the English & Welsh jurisdiction, the Scottish or Northern Irish jurisdictions. Shares should ideally be denominated in Pounds Sterling but technically can be denominated in any legal tender currency.

Scottish company formation

We can complete a Scottish company formation electronically within 3-5 working hours. This means that your company will be registered legally in the Companies House in Edinburgh. Once Scottish company has been incorporated, you will receive a Certificate of Incorporation, Memorandum and Articles of Association, Share Certificates and the Minutes of the 1st Directors meeting all in PDF format and hardcopy documents if applicable to your company formation package. Starting my business can also undertake all your Scottish accountancy needs be it through its London (Our London accountancy services are based in South West London) or Scottish chartered and/or certified accountants.

Irish Company Formation

Starting My Business has extensive experience with company formation and business registration in the Republic of Ireland. As we are part of the Company Incorporation Scheme (FE PHRAINN) we can guarantee incorporation within 2-5 working days. Once your Irish company formation has been incorporated, you will receive Certificate of Incorporation, Memorandum and Articles of Association, Share Certificates and the Minutes of the 1st Directors meeting. Unlike most if not all company formation agents in the Republic of Ireland, Starting My Business can provide a full range of company incorporation services in Ireland supported by a full range of Irish accountancy services including business start-up and growing business services. For more information please contact out Accountancy Team.

UK Managed Companies

UK Managed Companies. We will register your company, act as the legal and accountancy daily administrators, deal on your behalf with the Inland Revenue, Companies House and HM Customs and Excise, provide the registered office, maintain company minutes and in fact everything necessary to provide you with a fully functional managed company in London. Once your UK Company has been incorporated, you will receive Certificate of Incorporation, Memorandum and Articles of Association, Share Certificates and the Minutes of the 1st Directors meeting. It should be noted that all our UK managed companies, be they London managed or Scottish or Northern Irish managed companies will be subject to a full company formation and accountancy management agreement with all accountancy services carried out by our team of certified and chartered accountants based at our South West London Accountancy office. For more information, please contact one of our London based certified or chartered accountants on 020 7731 2020.

UK Public Limited Company (PLC) company formation

We can complete a PLC company formation electronically within 3-5 working hours. This means that your company will be registered legally in Companies House. Once your PLC Company has been incorporated, you will receive a Certificate of Incorporation, Memorandum and Articles of Association, Share Certificates and the Minutes of the 1st Directors meeting all in PDF format and hardcopy documents if applicable to your company formation package. It should be noted that all UK PLC company formations require a minimum of£50,000.00 issued share capital of which at least£12,500.00 must be fully paid up. In addition, a PLC company registration is subject to different accountancy requirements than an ordinary company formation and we recommend that you speak to a starting my business to discuss your exact PLC company registration and accountancy requirements with one of our fully qualified certified or chartered accountants at our London accountancy office based in Fulham, London SW6 2TW.

Edinburgh Registered Office Address

Add invaluable prestige and credibility to your business by listing our Edinburgh office as your official registered office address (a legal requirement). For a small sum per annum, we will automatically forward on all official Company House and service of process mail to your "billing" or other chosen address. For a small business operating form home, this service may also prevent your local council claiming commercial rates. Please note that Registered Office Address is included in all our Scottish accountancy packages.

London Registered Office Address

Add invaluable prestige and credibility to your business by listing our London Imperial Wharf, Fulham, London SW6 registered address or Edinburgh Office address as your official registered office address (a legal requirement). For a small sum per annum, we will automatically forward on all official Company House and service of process mail to your "billing" or other chosen address. For a small business, operating from home this service may also prevent your local council claiming commercial rates. If requested, our accountants and lawyers can also advise upon the content of all official mail and suggest appropriate action.

StartingMyBusiness.Biz is a trading name of SCF Legal & Corporate Management Services Limited

A Company registered in England & Wales with a registered office address located at:
3 The Fountain Centre, Lensbury Avenue, Imperial Wharf, London, SW6 2TW.
Certificate Number 05462416 - VAT Number 859 0235 14

© 2011 SCF LEGAL & CORPORATE MANAGEMENT SERVICES LIMITED

All Rights Reserved - Limited Company Formation Services