:
registration of legal entity

Cost of registration The cost of the second year Number of Directors Corporate tax rates Payment of Charter Capital Financial statements
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 BRITAIN

The 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 BRITAIN

The benefits of company formation in Great Britain include:

  • The preservation and maintenance of broad international relations in all branches of economic and banking activity with the former colonies of the British empire, the commonwealth states;
  • Stable economy;
  • Guarantee of investment security, protection of property rights, state control over the activities of banking institutions.
  • Tax and National Insurance efficiency
  • Professional Credibility/reputation - a reputable European country with many double taxation treaties;
  • Authorized capital can be as low as £1;
  • Ease and quick company incorporation procedure;
  • Transfer of ownership or sale of the company is much easier;
  • Unique legal entity; no regulations, no shares and no minimum capital requirement for LLP;
  • Appointment of a resident director or citizen is not mandatory;
  • LLP and LP companies can operate as offshore companies;
  • LLP is not subject to corporation tax.

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

  • At least two founders, who submit registration forms and the company's charter to the Companies House, should participate when establishing the LLP;
  • Director in an LLP is not required. The authorized partner takes over the management of the company;
  • Since LLP in Great Britain (UK) is not subject to taxation, the partnership does not receive the taxpayer’s number during the registration process. Also, the tax on profits received should be paid by the founders (at the place of residence and correspond to the shares of their interests in the company);
  • Partnerships should prepare annual reports and submit to the Register of Companies as well as the relevant tax authorities.

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)

  • LP is a Scottish alternative to English LLP, which is an independent legal entity;
  • LP in the UK is not subject to taxation. Profits are received and income tax is paid by the partners of the company, at the particular tax residence. Partners in LP are usually legal entities registered in tax-free zones. This fact excludes the taxation of partnership in the UK;
  • The company doesn't have a director. General partner is the manager of an  LP;
  • Partners in LP can change but in the event of a withdrawal of either one of the partners, the existence of this LP ceases;
  • LP partners can be residents of any jurisdiction, and either natural persons or legal entities;
  • The partnership may be exempted from submitting annual reports to the Register of Companies, provided that the general partners are non-residents of the United Kingdom but at the same time, LP continues to maintain accounting records and submit tax reports.

Consequently, the common features of LP and LLP are tax exemption in the United Kingdom and allocation of profits between partners.

Advantages of LP:

  • No requirements to submit tax declaration in the Register of Enterprises. 
  • Internationally recognized jurisdiction with an excellent reputation.
  • Lack of requirements regarding submission of annual financial reports to the Companies House.
  • Lack of regular audits.

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: TAXATION

The 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 ENGLAND

These are the documents required to register a company in England:

  • Name and legal address for the company;
  • Minimum of two members (individuals or companies) LLP, while for an LP - two partners;
  • Memorandum and Articles of association (agreed rules/regulations for operation of the company);
  • Registration with Companies House;
  • Certificate of Incorporation;
  • Corporate tax registration;
  • Share Certificates.

PROCEDURE OF COMPANY REGISTRATION IN GREAT BRITAIN

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 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

  • How can I check if a company is registered in Great Britain?

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.

  • How to register a business name in Great Britain?

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.

  • How long does it take to register a company in Great Britain?

It generally takes from one to ten days depending on the selected form of registration and type of company to be incorporated.

  • How much does it cost to register a company in Great Britain?

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.

  • Do I need business licenses and permits in Great Britain?

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:

  • Full range of related services: Provision of a full range of legal, corporate, government, and business intelligence related services.
  • Professionals and expertise of Law: Worldwide registration and legal maintenance of companies, accounting services and audit, tax planning and optimization, trademark and patent registration, and many more. Best professionals are always available to help your business.
  • Thorough domestic service: Law&Trust ensure our services cover every region of Great Britain. No matter where you decide, be rest assured we got the location covered.
  • Free initial advice: Lawyers of Law&Trust provide free initial advice, as well as services for analyzing and developing a legal position on the issue you have raised.
  • Fast and safe: Law&Trust keeps every clients’ details secured.
  • Efficiency and productivity: Strategically providing up to date personalized services to help your business succeed.

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!

Set of documents
   
  • Certificate of incorporation
  • Limited Liability Partnership Agreement 
  • Minutes of the first Meeting of the Members 
  • Minutes of the Organizational Meeting 
  • Share Certiciates 
  • Notice of Resignation as Members 
  • Letter of Resignation as Manager 
  • Minutes of the Organizational Meeting 
  • Letter of Resignation as Manager 
  • Non-Trading Warranty 
Nominee director and shareholder
   
  • Resolution effecting the issuing the Power of Attorney 
  • Apostilled Power of Attorney 
  • Nominee Director’s Declaration 
  • Declaration of Trust 
  • Tax Certificate 
  • Certificate of Good Standing 

General information
Square244 820.00
Population63 047 200.00
CapitalLondon
Unemployment18.90
State polityconstitutional monarchy
Telephone code44
Place in the world in corruption16
locationthe 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
Climatemoderately oceanic, humid; average January temperatures range from 3 to 7 ° C, 11-17 ° C in July
Literacy rate99.00%
Ethnic groupsIndigenous 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 currencyPound sterling
USD exchange rate0.63
GDP per capita34
Official languageEnglish
Credit ratingAAA
The judiciaryHigh 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 authoritymonarch, direct control is the prime minister appointed by the monarch, who thus, is chairman of the Government of His (Her) Majesty
Legislative authoritiesbicameral parliament (Monarch + + House of Commons House of Lords - the so-called System (King-) Queen-in-Parliament)
Corporate information
Opportunity to purchase ready-made companiesДа
Legal systemCommon Law
The use of the Cyrillic alphabet in the nameНет
Local registered officeДа
Organizational and Legal Formsprivate limited company (ltd), public limited company (plc), Limited liability partnership (LLP), Limited Partnership (LP)
Indication of BPA in the nameLimited Liability Partnership or appropiate abbreviation
Local registered agentНет
Shares and share capital
The minimum amount of the issued capitalNo
Bearer sharesНет
Possibility to issue shares without par valueНет
Taxation
VATДа
Basic corporate tax rate0.00%
Capital gains taxНет
Currency controlНет
Corporate tax rates detailsAn 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 dutyНет
Director and Secretary
Minimum number of directors1
The requirement for residency directorsНет
Director of legal entities are allowedДа
The data reveals to the local agentДа
Data field to the public registryДа
The requirement for the presence of the SecretaryНет
Requirement to the residense of the SecretaryНет
Requirements to qualification of the SecretaryНет
Legal entity as the SecretaryНет
Shareholder and beneficiary
Minimum number of shareholders2
Data is entered in the public registerДа
Shareholders residency requirementНет
Information about the beneficiary is disclosedДа
Information may be disclosed to the local agentДа
Shareholders-legal entities are acceptableДа
Reporting
The requirement for filing reportsНет
Open access to reportsНет
Statutory auditДа
The requirement for filing Annual ReturnДа
Open access to the Annual ReturnДа
The requirement for reportsДа
Membership in the OECDДа
Is it offshore according to Russian legislationНет
Trademark Registration
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