Send a request for a call
Company formation in the United Kingdom
Comprehensive assistance in company formation, including banking services
How to form a company in the United Kingdom
1
Document submission
You submit to us necessary documents of the future founders and directors for the purposes of company formation in the United Kingdom and opening a bank account in the United Kingdom
2
Payment of services
Payment of our services for company formation in the United Kingdom and/or bank account assistance in the United Kingdom
3
Company formation
We register a new company in the United Kingdom for you. Upon completion of the registraion corporate documents are either delivered to you or submitted to a bank for the subsequent opening of a bank account
4
Bank account opening
In case you request an assistance with a bank account, we arrange an interview at the bank for you, inform you about the date of the visit and accompany you on your way to the bank. After the bank account is opened and active you receive corporate documents of the formed company as well as the access to the bank account
Key aspects to consider prior to incorporating a company in the United Kingdom
Dividend withholding tax rate is 0%.
1. Founders that would like to register a company in the United Kingdom can either be resident or non-resident in the United Kingdom. Founders can be either individuals or legal entities.
2. A resident or a non-resident individual can be a company director in the United Kingdom. It is not required to register a company in the United Kingdom with a resident individual as one of its shareholders or directors. However, in order to open a corporate bank account the United Kingdom it is required to set up a company in the United Kingdom with at least 1 resident individual as one of its directors.
3. One individual can register a company in the United Kingdom and simultaneously be a shareholder and a director in this company if such company is registered as a Ltd. (a private company limited by shares).
4. There is no requirement for creating substance in the United Kingdom - no need to hire local employees or rent an office in order to establish a company in the United Kingdom or to conduct business in the United Kingdom.
5. Minimum share capital that is required to register a company in the United Kingdom as a Ltd. (a private company limited by shares) is just GBP 1.
6. Information about company founders, shareholders and directors after company registration in the United Kingdom is complete is publicly available in the state corporate register.
7. We can help you register a company in the United Kingdomremotely, on the basis of a power of attorney. It is necessary for the director of the new company to travel to London for 1 day in order to open a corporate bank account.
2. A resident or a non-resident individual can be a company director in the United Kingdom. It is not required to register a company in the United Kingdom with a resident individual as one of its shareholders or directors. However, in order to open a corporate bank account the United Kingdom it is required to set up a company in the United Kingdom with at least 1 resident individual as one of its directors.
3. One individual can register a company in the United Kingdom and simultaneously be a shareholder and a director in this company if such company is registered as a Ltd. (a private company limited by shares).
4. There is no requirement for creating substance in the United Kingdom - no need to hire local employees or rent an office in order to establish a company in the United Kingdom or to conduct business in the United Kingdom.
5. Minimum share capital that is required to register a company in the United Kingdom as a Ltd. (a private company limited by shares) is just GBP 1.
6. Information about company founders, shareholders and directors after company registration in the United Kingdom is complete is publicly available in the state corporate register.
7. We can help you register a company in the United Kingdomremotely, on the basis of a power of attorney. It is necessary for the director of the new company to travel to London for 1 day in order to open a corporate bank account.
Cost of services
Formation of a Ltd.
Timeframe - 10 business days
Timeframe - 10 business days
Send a request
for company formation
Send a request
for business-partner search
Advantages of forming a company in the United Kingdom
Attractive business-environment
- One of the largest global financial centers
- The United Kingdom - is the primary location for foreign investment in Europe
- The majority of transnational companies have a branch in the United Kingdom
- Open market and highly diversified economy
- Top-10 on the World Bank's ease of doing business index
- Free trade with EU Member States
- Low inflation rate
Stability and security
- Political stability
- Economic and finanical stability
- Secure and flexible legal and justice systems
- Comprehensive protection of property rights
- Investment protection
Tax benefits
- Corporate income tax for Ltd. - 19%, for LP - 0% (provided that the business-activity is conducted outside the United Kingdom)
- No withholding tax on received and distributed dividends
- Multiple double tax treaties
No foreign exchange controls
- United Kingdom's state regulations do not impose foreign exchange controls. Individuals and business-entities, either resident or non-resident in the United Kingdom may open bank accounts in local banks in any currency
Ease of establishing and doing business
- No minimum share capital requirements for Ltd formation in the United Kingdom
- 100% foreign ownership of a company is available
- Remote company formation in the United Kingdom is available
- Wide range of available business activities for foreign investors
More about the United Kingdom
The United Kingdom is located in Western Europe and has a land border with the Republic of Ireland. The territory of the United Kingdom amounts to 242,495 square kilometers and it includes Scotland, Wales and Northern Ireland, but it does not include overseas territories of the United Kingdom.
The United Kingdom has access to the Atlantic Ocean, which allows it to establish maritime trade with certain EU Member States, North and South American states.
The population of the United Kingdom amounts currently to over 65 million people.
The United Kingdom has access to the Atlantic Ocean, which allows it to establish maritime trade with certain EU Member States, North and South American states.
The population of the United Kingdom amounts currently to over 65 million people.
Official currency of the United Kingdom is pound sterling (GBP).
The United Kingdom is the 6th largest economy in the world.
Today the United Kingdom's GDP exceeds USD 2,8 trillion. GDP grew by 1,8%, inflation by 0,6%. Export amounted to EUR 425 billion, import turnover - to EUR 372,5 billion.
The United Kingdom's economy is based on the service sector that makes 79% of the country's GDP. In particular, service sector is the most important for the United Kingdom. Unlike service sector the growth of the industrial sector slowed down significantly and amounted to only 10% of the GDP. Construction volumes also declined in 2017 and currently makes up only 6% of the GDP.
The ambiguity related to Brexit holds back investments growth short-term, however, in case of the soft Brexit, the growth will recover.
The United Kingdom is the 6th largest economy in the world.
Today the United Kingdom's GDP exceeds USD 2,8 trillion. GDP grew by 1,8%, inflation by 0,6%. Export amounted to EUR 425 billion, import turnover - to EUR 372,5 billion.
The United Kingdom's economy is based on the service sector that makes 79% of the country's GDP. In particular, service sector is the most important for the United Kingdom. Unlike service sector the growth of the industrial sector slowed down significantly and amounted to only 10% of the GDP. Construction volumes also declined in 2017 and currently makes up only 6% of the GDP.
The ambiguity related to Brexit holds back investments growth short-term, however, in case of the soft Brexit, the growth will recover.
Main types of business-activities for foreign investors in the United Kingdom are:
Restricted for foreign entrepreneurs are the following sectors:
- industrial manufacturing
- agricultural production
- financial services
- asset management
- car industry
- electrical equipment production
- food industry
- retail sales
- IT.
Restricted for foreign entrepreneurs are the following sectors:
- national security
- tobacco production
- medical research
- ownership of land used for agriculture.
- Corporate income tax - 19%. Tax returns are filed on an annual basis. Advance income tax payments are made on a quarterly or on an annual basis
- Dividend withholding tax - 0%
- Interest withholding tax - Standard tax rate 20%
- Royalties withholding tax - Standard tax rate 20%
- Capital gains tax - Standard tax rate 19%
- VAT - Standard tax rate 20% or reduced rates from 0% up to 5%. Tax returns are filed on a monthly, a quarterly or an annual basis
- Personal income tax - from 0% up to 45%.
Key types of business-entities in the United Kingdom are the following:
1. Private Company Limited by Guarantee
2. Limited Partnership - LP
3. Limited Liability Partnership - LLP
4. Private Company Limited by Shares - Ltd.
5. Public Limited Company - Plc.
6. Unlimited Company
Individuals and business-entities, either resident or non-resident in the United Kingdom, may found all of the above business-entities.
To receive a detailed description of the company formation procedure in the United Kingdom and information about documents necessary for company formation in the United Kingdom please contact our experts.
1. Private Company Limited by Guarantee
2. Limited Partnership - LP
3. Limited Liability Partnership - LLP
4. Private Company Limited by Shares - Ltd.
5. Public Limited Company - Plc.
6. Unlimited Company
Individuals and business-entities, either resident or non-resident in the United Kingdom, may found all of the above business-entities.
To receive a detailed description of the company formation procedure in the United Kingdom and information about documents necessary for company formation in the United Kingdom please contact our experts.
Send a request for company formation in the United Kingdom
We will contact you within 1 minute
© Prime International Legal Services, 2023.
SERVICES
CONTACT US
Address:
128 City Road,
London, EC1V 2NX
Phone: +44 20 8157 4037
Email: request@pil-services.com
128 City Road,
London, EC1V 2NX
Phone: +44 20 8157 4037
Email: request@pil-services.com
