ARTICLE
11 March 2015

UK Company - Corporate Environment Summary

UK has been recognised across the world as the financial centre of Europe and has financial vehicles that can be successfully used in a variety of business activities, carry out commercial and industrial activities
United Kingdom Wealth Management

The UK has been recognised across the world as the financial centre of Europe and has financial vehicles that can be successfully used in a variety of business activities, carry out commercial and industrial activities.

UK LLC, is a limited liability company which conducts its trading and business outside the UK and is intended for offshore activities. It takes up to 1 day to incorporate a company in the UK.

The Directors of the company may be of any nationality and may reside anywhere. At least one director is required and there is no requirement to appoint a local resident director.

The Shareholders of the company may be of any nationality and may reside anywhere. At least one shareholder is required, this can be the same person as one of the directors. There is no upper limit to the number of shareholders and a shareholder can be a person or a corporation

The standard share capital of a UK LLC is £1,000 GBP. However, only one share of the share capital must be issued and paid up. Your company's share capital can be issued in any currency.

Company Secretary / Registered Office / Registered Agent 

The company must have a registered agent, registered office and company secretary in the UK.

Privacy

The details of Shareholders and Directors do appear on public record which is fully accessible.

Company Records

The company must maintain accounting records, however it does not have to keep records in the UK. There is a requirement for audited financial statements and submit details of the directors and shareholders to companies' house.

Corporation and other taxes

There are no corporate taxes for a UK if the company has no income from UK customers.

Why use a UK Company

UK offshore companies are commonly used for

  • Holder of bank accounts, fixed deposits, investment plans and any other financial or commercial title;
  • Owner of the shares of other companies or legal entities;
  • Manager and promoter of international business transactions;
  • International leasing of aircraft, vehicles, machinery and others;
  • Borrowing or lending money, paying or receiving commissions, royalties or others;
  • Marketing and promotion of products and services;
  • Other commercial and financial activities
  • Exploiting the vast double tax treaty network

Our Formation Package

  • Registered Address and Agent
  • Company Secretarial Maintenance
  • Government fees
  • Certificate of Incorporation
  • Memorandum & Articles of Association
  • Appointment of First Directors
  • Consent Actions of the Board of Directors
  • Share Certificates
  • Register of Directors and Members
  • Company Seal

We also offer Nominee and Management Services (Substance requirements) along with bank account opening and international tax planning.

Prices and fees included on our website

http://www.genshape.com/shop/uk-company-formation/

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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