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 COMPANY FORMATION
UK LTD
INCORPORATION DATASHEET

 

5 things you probably didn’t know about English companies
Although the UK private limited company is not a low-tax company, it is still popular among those who require a high prestige, very stable company. The UK company has justifiably become a competitor for the Swiss company, whose formation and maintenance fees may be 5 or even 10 times higher than its counterpart in the UK.
Method of incorporation / registration:
The company may not be formed for an unlawful purpose.
The Memorandum and Articles of Association must be signed by the subscriber(s) of the company.
The subscriber/shareholder may be any natural person or body corporate without any restrictions. An application form must be signed by the director(s), company secretary and the subscriber(s).
Company legal form: Private Limited Company by shares
Company status: Resident/ Non Resident Company
Source of corporate legislation: Companies Act 1985; Companies Act 2006
Possible suffixes to company name: Limited or Ltd.
Restrictions on company name: Please find below complete list of restrictions.
Time required for incorporation: 1 month
Number of directors:
Minimum 1 of any nationality. The company must have at least one director who is a natural person.
Number of shareholders: Minimum 1 of any nationality.
Capital: Minimum share capital is 1 p. At least one share should be issued.
Accounting / reporting requirements: Yes. Annual report and audited accounts are required.
Type of shares: Ordinary, Preference, Cumulative preference, Redeemable
Annual tax and duties: 20-28%
Information publicly available: Directors, registered office, shareholders, accounts, company secretary, annual return.
Registered office: Registered office in England and Wales is required
Registered/Company secretary:
It is advisable and LAVECO policy required the appointment of a local qualified secretary, who will be responsible for the preparation of the Annual Return of the company and for the keeping of professional records and deadlines to avoid the risk of penalties.
Double tax treaty: The UK has the widest network of DTTs.

COMPULSORY COSTS (payable prior to registration)

FORMATION FEES
Registration fee (including legal expenses, filling fees and stamp duties) 80 GBP
International authentication (Apostille)
of the Certificate of Incorporation:
125 GBP
Issuing of share certificates, initial minutes, registers and
other forms:
55 GBP
Corporate seal: 10 GBP
Courier fee: 30 GBP
Subtotal: 300 GBP
ANNUAL FEES*
Registered office and registered agent: 490 GBP
Annual tax and duties: 20-28% on profit
Administration fee: 200 GBP
Due diligence checking fee: 100 GBP
Subtotal: 790 GBP
Total: 1090 GBP


The annual fees for the first year of existence of the company are payable prior to registration. Subsequently, the amount of 790 GBP is payable annually, beginning from the second year of existence of the company. Non-payment of the annual fees results in the company being struck off the Company Register.

The amount of 1090 GBP includes the following services: formation of the company, duties payable to the local authorities for the registration of the company, provision of registered office and registered secretary for 1 year, luxury leather corporate kit containing Certificate of Incorporation with Apostille, Memorandum & Articles of Association, Corporate Register, share certificates, initial forms and minutes and 2 company seals. The price contains no hidden costs!

OPTIONAL COSTS
Nominee director*: 1190 GBP
Nominee shareholder: 245 GBP
EU VAT registration: 2 000 GBP
Notarial Certification: 120 GBP
Certificate of Good Standing  185 GBP
Apostille: 165 GBP

In cases where the total number of attorneys, shareholders and beneficiaries in a company is more than 5, a supplement of 100 GBP will be payable for each additional person.

The prices do not include the VAT.

*this service is available only if the Company registers for EU VAT.

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