Cost of registration | The cost of the second year | Number of Directors | Corporate tax rates | Payment of Charter Capital | Financial statements |
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1460.00 USD | 1320.00 USD | 1 | 0.00% | 0.00 | Yes |
COMPANY REGISTRATION IN GREAT BRITAIN (LP, LLP)Great Britain is a landmass geographically located on the north west coast of Europe. It is known as “Great” because it is the largest island amongst the British isles and includes the whole of England, Scotland and Wales and other neighbouring islands. The law guiding company incorporation and registration (Corporate legislation) Great Britain is regulated by the Companies Act of 2006, while in regards to Limited Liability Partnership (LLP) and Limited Partnership (LP) formation, they are regulated by the LLP Act 2000 and LP Act 1907 respectively. This Act defines and guides corporate formation, with functions in this territory regulated by the ‘United Kingdom Companies House’. There are other acts that guide and regulate registration of a business in Great Britain (corporate actions), they include UK Corporate Governance Code, the Insolvency Act 1986, European Union Directives and Judicial cases. LP AND LLP COMPANY REGISTRATION IN GREAT BRITAINThe Limited Liability Partnership must maintain a list of members with stake (beneficiaries) in the company and must deliver this information to the Companies House. LLP is a combination of the traditional partnership and a limited company, the UK LLP structure combined with offshore partners utilizes the good reputation of the United Kingdom and Zero corporation tax of an offshore company. The LLP structure is mainly used for international trade. A UK LLP will still need to file annual accounts, annual return, annual zero tax return (a tax accountant is recommended) and an audit (not mandatory). A Limited Partnership (LP) is not mandated to deliver a list of its beneficiaries to the Companies House. LP is a traditional partnership with limited liability. It is not a separate legal entity unlike LLP, although, some of its features are incorporated. The most preferable for forms of companies in Great Britain for doing international business are such partnerships as: Limited Partnerships (LP) in Scotland and Limited Liability Partnerships (LLP) in England. ADVANTAGES OF LP OR LLP COMPANY FORMATION IN GREAT BRITAINThe benefits of company formation in Great Britain include:
Registration of an LLP/LP in Great Britain allows you to enjoy all the advantages of a classic offshore, Scottish partnerships are exempt from filing annual financial statements and corporate tax payments (that is regardless of any activity or profit-making of the partnership not taking place in the territory of the jurisdiction). FORMATION OF LLP IN GREAT BRITAIN (THE UNITED KINGDOM) - IMPORTANT PROVISIONS
As a result, non-residents of Great Britain, whose activities are conducted beyond the jurisdiction enjoy a tax-free regime. This form of business brings the British partnership to the rank of the most attractive means of conducting successful and profitable international business. Being tax residents of certain countries, the participants of the partnership pay taxes in accordance with the standards of tax policy for their jurisdiction. It therefore makes economic sense to apply as a classic offshore company. REGISTRATION OF LP IN GREAT BRITAIN (THE UK - KEY PROVISIONS (SCOTLAND)
Consequently, the common features of LP and LLP are tax exemption in the United Kingdom and allocation of profits between partners. Advantages of LP:
The cost of the company's maintenance includes the submission of the required annual reports. We do not only offer registration of company in Great Britain, but there are offers on the table to buy a ready-made company in the United Kingdom. Those companies are readily available in Kyiv, Minsk, Moscow, and London. It's time to make sure the registration (or purchase) of a company in Great Britain is the means to conducting legitimate and successful international business! BUSINESS IN GREAT BRITAIN: TAXATIONThe corporate tax rate (the tax payable by a company on its taxable profit in a financial year) in Great Britain currently stands at 19%. REQUIREMENTS TO REGISTER A COMPANY IN ENGLANDThese are the documents required to register a company in England:
PROCEDURE OF COMPANY REGISTRATION IN GREAT BRITAINThe registration process begins with a free consultation and expert assessment from our lawyers, ensuring it complies with the requirements of a new company registration. After which, our specialists collect, prepare the necessary documents and submit the application for company registration. At the end of the registration procedure, the certificate of Incorporation may be delivered to you via courier service or an email addressed by the founders of the company. The company registration and incorporation gives operation and transactional rights in the United Kingdom, Northern Ireland, and countries of the Commonwealth. To operate or establish a company opened in Great Britain or outside the UK territory, legalization or apostillation of documents is required for some states, in particular the Commonwealth of Independent States (CIS). The processing of legalized documents (apostillation) and sending hard copy of the certificate to another state can take 7-10 days. GREAT BRITAIN COMPANY FORMATION FAQs
Contact Law and Trust International, our Lawyers get in touch with the Companies House, working with them closely to verify the registration of a business or company.
The registration process begins with a free consultation and expert assessment from our lawyers, ensuring it complies with the requirements of a new company registration. After which, our specialists collect, prepare the necessary documents and submit the application for company registration. At the end of the registration procedure, the certificate of registration may be delivered to you via courier service.
It generally takes from one to ten days depending on the selected form of registration and type of company to be incorporated.
The cost of registering a company (LP, LLP) in Great Britain is 1650.00USD. The total cost includes comprehensive review, the company registration and certificate.
Yes, to operate or run a business in Great Britain, a license or permit is needed. WHY INCORPORATE WITH LAW&TRUST INTERNATIONAL?Benefits of business incorporation in Great Britain with the Law&Trust International team include:
READY FOR COMPANY INCORPORATION?If you are interested in registering and incorporating a company (LP, LLP) in Great Britain, Law&Trust International can help. Simply send us an email or call now to take your business to the next level! |
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Square | 244 820.00 |
Population | 63 047 200.00 |
Capital | London |
Unemployment | 18.90 |
State polity | constitutional monarchy |
Telephone code | 44 |
Place in the world in corruption | 16 |
location | the British Isles (Great Britain island and the north-eastern part of the island of Ireland, a large number of small islands and archipelagos, the Channel Islands, Orkney, Shetland Islands), bordered by the Atlantic Ocean and its seas |
Climate | moderately oceanic, humid; average January temperatures range from 3 to 7 ° C, 11-17 ° C in July |
Literacy rate | 99.00% |
Ethnic groups | Indigenous people make up 92% of the country's population (2001 census). Expatriates make up about 8% of the population, including people from India, Pakistan and Bangladesh - 3.6%, China - 0.4% Africa - 0 8%, immigrants from the Caribbean islands. |
National currency | Pound sterling |
USD exchange rate | 0.63 |
GDP per capita | 34 |
Official language | English |
Credit rating | AAA |
The judiciary | High Court, Crown Court and Court of Appeal. In addition to high courts in England are a variety of subordinate courts who are considering about 90% of all cases |
Executive authority | monarch, direct control is the prime minister appointed by the monarch, who thus, is chairman of the Government of His (Her) Majesty |
Legislative authorities | bicameral parliament (Monarch + + House of Commons House of Lords - the so-called System (King-) Queen-in-Parliament) |
Opportunity to purchase ready-made companies | Yes |
Legal system | Common Law |
The use of the Cyrillic alphabet in the name | No |
Local registered office | Yes |
Organizational and Legal Forms | private limited company (ltd), public limited company (plc), Limited liability partnership (LLP), Limited Partnership (LP) |
Indication of BPA in the name | Limited Liability Partnership or appropiate abbreviation |
Local registered agent | No |
The minimum amount of the issued capital | No |
Bearer shares | No |
Possibility to issue shares without par value | No |
VAT | Yes |
Basic corporate tax rate | 0.00% |
Capital gains tax | No |
Currency control | No |
Corporate tax rates details | An UK LLP is a tax transparent entity, which means that any profits are passed through to the members to be reported as personal income. Offshore income accrued by a UK LLP may not be subject to taxation. |
Stamp duty | No |
Minimum number of directors | 1 |
The requirement for residency directors | No |
Director of legal entities are allowed | Yes |
The data reveals to the local agent | Yes |
Data field to the public registry | Yes |
The requirement for the presence of the Secretary | No |
Requirement to the residense of the Secretary | No |
Requirements to qualification of the Secretary | No |
Legal entity as the Secretary | No |
Minimum number of shareholders | 2 |
Data is entered in the public register | Yes |
Shareholders residency requirement | No |
Information about the beneficiary is disclosed | Yes |
Information may be disclosed to the local agent | Yes |
Shareholders-legal entities are acceptable | Yes |
The requirement for filing reports | No |
Open access to reports | No |
Statutory audit | Yes |
The requirement for filing Annual Return | Yes |
Open access to the Annual Return | Yes |
The requirement for reports | Yes |
Membership in the OECD | Yes |
Is it offshore according to Russian legislation | No |