United Kingdom

United Kingdom

Introduction
The United Kingdom has always been famous for owning one of the most efficient business and investment environments in the world. Leaving the European Union, the United Kingdom is still in the top three strongest economies in Europe. With an effective law system, an open trade regime, and a well-developed financial sector, no wonder the economy can make a recovery quite quick after Brexit.
For establishing a business in the United Kingdom, there are three choices: A Private Limited Company, a Limited Liability Partnership or a Public Limited Company with different regulations and requirements for them. See below for more details.
Requirements for Private Limited Companies
A Private Limited Company (PLC) in the United Kingdom (UK) must follow below requirements on start-up and running.
There are some requirements needed to be satisfied to establish a PLC in the UK:
1. There must be at least one member. Members may be individuals or corporates and of any country. 
2. There must be at least one director. Directors may be individuals or corporates and of any country.  However, there must be at least one natural person as a director. 
3. A Company Secretary is only optional but highly recommended. 
4. Company’s registered office is required to be maintained in the UK. 
5. There is no requirement for minimum authorized capital. The minimum issued capital is one share. Usually, additional capital is issued to reflect the stability strength of the company. 
The standard authorized capital is US$ 10,000 with 10,000 shares of US$ 1.
6. Company’s name can be in any language.
Language of Legislation and Corporate Documents must be English. If the company is incorporated in Wales, documentations may be in Welsh.
1. Annual general meetings are mandatory to a PLC. It is not necessary to be in the United Kingdom. 
2. It is required that annually a PLC checks if Companies House keeps its correct. This is called a confirmation statement (previously an annual return).  
3. A PLC is required to submit annual returns and accounts. 
4. A PLC is required to file an annual tax return with Companies House and HM Revenue and Customs (HMRC). It must be done by the end of each financial year.
5. A PLC's accounts must also be filed by the end of each financial year. The accounts are available for inspection by the public. In some circumstances, a PLC may be exempted from auditing and from filing independently audited accounts. In such cases, the PLC’s directors must self-certify the accounts. 
6. A PLC must annually file financial statements (accounts) with Companies House.  If the PLC is active in the UK and is subject to pay tax here, it must also file full trading accounts with HM Revenue & Customs. 
In case of being exempted from paying tax in the UK, the PLC still must file its trading accounts. 
Late in filing accounts at Companies House will get penalized.
1. The person who has significant control (PSC) over the company must be disclosed to Companies House and their details will be publicly available on their website. 
2. Details of members and directors are publicly accessible records. 
Upon registration, names of companies officers will appear in the public registry.
Names and addresses of company’s members, directors, secretary and company’s Articles of Association are publicly available. These details and annual returns and financial statements are kept by Companies House. Any changes of them must be filed to Companies House on official forms together with changes to the Articles of Association.
Requirements for Limited Liability Partnerships
Unlike Private Limited Companies, Limited Liability Partnership need different requirements on start-up and running. Check below for details:
1. There must be at least two “designated members ” in order to incorporate and maintain a Limited Liability Partnership (LLP). Other members are ordinary members, which can be in any number. Members may be individuals or corporates.  
2. It is required that the company has at least one director. Directors may be individuals or corporates. 
3. Company is not required to have a secretary, though it is highly recommended. 
4. The company must have a registered address where official communications are sent. The registered address is in the same country LLP registered.  
5. There is no minimum requirement for the company’s equity. Company’s members do not need to pay up any money to the company bank account.
• Annual Requirements
1. LLP must deliver to the registrar successive annual returns each of which is made up to a date not later than the date of LLP’s return date.
2. For each financial year, LLP’s designated members must deliver to the registrar the accounts and auditor’s report.
LLP’s annual accounts for a financial year must be audited unless the LLP is exempted from audit.
Late filing annual accounts will get penalized.
Details of LLP directors and People with Significant Control must be filed at Companies House and available on the public.
Key Benefits  
Offering Packages
For your convenience and saving your time, we offer you two packages Standard and Advanced for incorporating an offshore company in the United Kingdom with included services as below:
Services Standard Advanced
Free Name Application
Company Incorporation Fee
All Government fees due on incorporation
Local Registered Office Service 12 months 12 months
Certificate of Incorporation
First Board Of Directors Minutes
Register Of Members & Share Ledger
Register of Directors
Memorandum and Articles of Association
Share Certificates
Assistance on Opening of Company Bank Account  
Professional Consultancy via Phone and Email
Total fee US$ 664 US$ 1,163
  Setup Company Setup Company
Services
Free Name Application
Standard
Advanced
Company Incorporation Fee
Standard
Advanced
All Government fees due on incorporation
Standard
Advanced
Local Registered Office Service
Standard

12 months

Advanced

12 months

Certificate of Incorporation
Standard
Advanced
First Board Of Directors Minutes
Standard
Advanced
Register Of Members & Share Ledger
Standard
Advanced
Register of Directors
Standard
Advanced
Memorandum and Articles of Association
Standard
Advanced
Share Certificates
Standard
Advanced
Assistance on Opening of Company Bank Account
 
Advanced
Professional Consultancy via Phone and Email
Standard
Advanced
Total fee (US$)
664          
1,163

Beside the company incorporation service, we also provide Offshore Bank Account Assistance of numerous banks in the world and Other Services necessary for any offshore company.
For any further questions, feel free to Contact Us for more details.