Forming a United Kingdom Company | Fidusuisse Offshore

Forming a United Kingdom (UK) Company

  • Incorporation time: 13 days
  • Shelf companies: Yes
  • Accounting: Yes
  • Secretary: Yes
  • Nominee Shareholder: Yes
  • Nominee director: Yes
Tax 3%
1 GBP = 1.66 €
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History of the United Kingdom

The United Kingdom, situated off the North West coast of Europe, has one of the oldest constitutional monarchies in the world. Its capital, London, is the leading financial centre of Europe and one of the most influential cities in the world. Formerly a colonial empire, the country still has 14 overseas territories, and was the birthplace of the industrial revolution. Today, the United Kingdom is the world’s seventh largest economy.

The UK as an Onshore Financial Centre

The United Kingdom is an ideal choice for setting up onshore/offshore entities which benefit from a tax of approximately 5% through a holding company. Company formation in the UK is very simple thanks to its Common Law legal system and relatively low management fees.

The preferred type of onshore company is the Private Limited Company which, when combined with the UK Agency structure, makes it possible to significantly reduce tax leakage. The advantage of the United Kingdom is that for offshore entities, corporate income tax can be reduced to around 3% or 4% and VAT does not apply. Additionally, the country’s excellent international reputation is beneficial for brand image and public perception.

United Kingdom Summary

London is the world’s leading financial centre. It is part of Europe, and has many advantages, including a low tax rate, resulting from an Agency structure, and an excellent reputation. The United Kingdom offers the best possible market conditions for international business and therefore is an ideal jurisdiction for all kinds of trading, service and holding operations.

Types of UK Company

Creating a company in the United Kingdom involves six steps and takes around two weeks.

Types of companies Minimum Share Capital Number of Shareholders, Members or Partners
Limited Company (LTD) 1 GBP One shareholder, limited liability.
Public Limited Company (PLC) Minimum of 50,000 GBP, 25% of which must be paid up upon formation One shareholder, limited liability.
Limited Partnership (LLP) No minimum capital Minimum of two partners, limited liability.
Partnership No minimum capital Minimum of two partners, unlimited liability for debts and obligations, liability is joint and several.

Limited Company (LTD)

The LTD is the most common type of company in the United Kingdom. It provides a flexible structure and is quick to create; it also makes it possible to transfer shares or bring in other investors or shareholders. The company may be owned by legal or natural persons, and can therefore be controlled by an offshore company, which makes it possible to pass on 95% of revenue under an Agency arrangement.

Public Limited Company (PLC)

The PLC is a company with a single partner and shareholder, and cannot include any others.

The Limited Partnership (LLP)

An LLP is an incorporated partnership which takes the form of a company having two partners governed by a contract. These partners can be either natural persons, or offshore companies. This type of company has no units or shares, but is instead an equal partnership. The LLP structure usually consists of two offshore companies, located for example in Belize and the British Virgin Islands, or in Hong Kong and Gibraltar if the company is more concerned with reputation.

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