United Kingdom

UK LTD company formation

6 basic reasons for UK limited company formation:

• to simplify entering the UK market and conducting business in the United Kingdom and the European Community;
• the benefit from UK relatively low corporate taxation;
• to limit liabilities for the shareholders (owners);
• incorporate an UK company, incorporation can be considered as a favorable factor and an initial move towards establishing one's presence in the United Kingdom;
• form an UK Ltd. and then register a subsidiary or a division of the UK Ltd. in a country where you conduct business (UK company registration is especially beneficial for the EU countries). Remember the barriers are down;
• owners and directors of the UK Limited company are not required to reside in the UK.

We make the UK company registration, incorporation simple and cost-effective

The incorporation takes about 5-8 business days (when we receive the fees). In about one week you will have a UK limited company with a prestigious registered office address in London, a secretary and full set of corporate documents certifying proper and legal company formation.

All documents are produced to Companies House standard and include the following:

• Certificate of UK limited company Incorporation
• Memorandum and Articles of Association
• Share certificates
• All minutes and all forms
• The UK limited company will be formed as a standard trading company, with no specific clauses. It will have an authorized share capital of 1 x GBP 1 ordinary shares and have 1 share issued to either the director or secretary of the company
• The total for UK company registration, incorporation is €650
• Second and subsequent years payment for UK limited company is €1100. We will keep the company register at the registered office and will liaise with all the HMRC (Her Majesty Revenue &Customs).

Additional Services

Nominee services:

• If you do not wish to disclose director(s) and shareholder(s) names and other personal details during the UK limited company formation, we can provide a nominee director and a nominee shareholder. Usually one share is issued to the nominee, who will issue a Declaration of Trust in favor of the company owner(s).
  Nominee director will transfer the powers regarding the company management by a general notarized and apostilled Power of Attorney (POA).
• The costs involved are as follows:
  - nominee director services -  €500 annually
  - general Notarized and Legalized (Apostille) POA - €250 - a one time fee
  - nominee shareholder - €500 annually

We can support your UK limited company after the incorporation and help, advise with:

• annual return preparation;
• annual tax return;
• sales and purchase invoicing and book-keeping and end of year accounting (using the services of a professional accounting firm).

Procedure. In order we could proceed with the UK company incorporation, please advise the following:

• two alternative names of the UK limited company to check the name availability;
• details of the director(s) and shareholder(s). Due diligence is required on the director (passport).
• whether any other services are required, namely:

         -mail forwarding address in the UK (to collect your sensitive business and private mail securely);

         -UK telephone forwarding (you get a UK telephone number in London or other UK city that can divert to any             UK or overseas landline and mobile telephone or fax lines);

UK LLP company formation

A relatively new form of legal entity which is known as a British limited liability partnership ("LLP") is a good solution for those foreign businessmen and traders who wish to enjoy the benefits of low or no-taxation and still keep the prestige of being incorporated in the UK. The essential feature of anLLP in UK is that it combines the organizational flexibility and tax status of a partnership (i.e. UK LLP members are supposed to be taxed in the country of their residence) with limited liability for its members. This limited liability is possible because a UK LLP is a legal entity separated from its members. UK VAT number registration may be helpful if the UK LLP trades within or outside of the EU.

UK LLP advantages and features

• a UK LLP is a partnership, which is in itself a legal entity, while the partners enjoy limited liability. The liability of the partners is limited to the amount of their investment into LLP;
• any person or legal entity can be a partner in a UK LLP. There are no restrictions on the nationality or residency of the partners, i.e. LLP partners may be either residents or non-residents of the UK;
• UK LLP taxation is advantageous when its partners are foreigners. Its income is passed through to its partners and taxed at the individual partner level, without any income tax assessment at the LLP entity level;
• a UK LLP is as flexible business tool as the members make it according to their needs;
• an LLP in UK can have a VAT number, which is an advantage for those trading within Europe;
• an LLP must be formed for the purpose of carrying on a lawful business with a view to profit.

A UK LLP must start trading within a year of its incorporation; otherwise it will be struck off by Companies House.

Membership

A UK LLP can have at least two or more members (partners) with equal responsibilities. The profit of an LLP is divided between the partners in the proportion of their participation in the LLP.

Details of all UK LLP members must be recorded with the Companies House and therefore are not available to public.

A UK LLP must have at least two, formally appointed, Designated members. Designated members have the same rights and duties towards the LLP as any other member. However, they are responsible to perform specific rights and duties (like signing the Company Accounts, signing any changes on forms for Companies House, signing the company Annual return) on behalf of the LLP.

Membership Agreement

All the members of a UK LLP must draw an Agreement. This is the main document that declares the company structure, corporate activities, the rights and duties of members, the share percentages, etc. If a corporate bank account is opened, this Agreement must be shown to the bank, and there must be a minute to open the Bank Account.

The UK LLP agreement also covers the relationship between the members and the separate corporate entity, which is the LLP.

Schedule of fees

• Incorporation of an UK LLP including LLP documents - all apostilled - €650

• Second and subsequent years payment for UK limited company is €800. We will keep the company register at the registered office and will liaise with all the HMRC (Her Majesty Revenue &Customs).

VAT

• We can apply for a VAT number for your LLP if the company is trading in the UK. A VAT number can be obtained if the company is invoicing more than GBP 77.000 per annum. We will need the invoices for the three months period to apply for VAT number.
  Applying for a VAT number - please ask for quotation

EORI registration

• If you are in export-import business, your LLP may need EORI registration as since July 2009 EORI (Economic Operator Registration and Identification) commenced across the EU. Assistance to obtain EORI is - please ask for quotation. A company may not be VAT registered and still obtain EORI.

We can support your UK limited company after the incorporation and help, advise with:

• annual return preparation;
• annual tax return;
• sales and purchase invoicing and book-keeping and end of year accounting (using the services of a professional accounting firm).

Procedure and time frame

Please advise if you wish to proceed with LLP in UK incorporation and list the services you require (including additional services like mail forwarding, assistance with annual reporting/accounting, etc.). Then we will send you an invoice with wire transfer instructions. When the fees are received we will send you the UK LLP forms for signing. The UK LLP incorporation takes 7- 10 business days after the receipt of signed forms.

Please Contact Us if you would wish to proceed with UK LLP company incorporation and registration.