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
1500.00 USD 1450.00 USD 1 19.00% 2.00 Да

Registration of a Company In Great Britain

Registration of Company In Great BritainRegistration of a company in Great Britain will allow you to develop your business in one of the richest countries in the world. One of the important advantages of the state is 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 and the dominions formally remain dependent on Great Britain.

The economy of the UK does not depend on the decisions of the EU, and the national currency (British Pound) is one of the most stable world currencies.

Offshore companies may not be opened in the UK. The state does not need such ones, since there are a lot of other profitable sources of income.

High stability of the economy, conservatism, guarantee of the investment safety and the most developed banking system in the world attract numerous investors tending to open a company in the UK for doing business and using mechanisms to avoid double taxation.

The procedure for registering a company in Great Britain is as simple as possible. Firms of England and Scotland in terms of organizational and legal form are close to or similar to those in the Russian Federation.

It is possible to register a company in Great Britain in one of the following organizational and legal forms:

  • Private company limited by shares (LTD)
  • English limited liability partnership (LLP)
  • English limited partnership (LP)
  • Scottish limited partnership (LP)
  • Public limited company (PLC)
  • Private company limited by guarantee
  • Private unlimited company
  • Branch of a foreign company
  • Sole proprietor

In addition, it is possible to purchase a ready-made company that exists for several years and meets the necessary requirements of English law:

  • Legal address;
  • The required number of participants among the founders;
  • Nominee: director, secretary, shareholder.
  • Positive or zero balance and reporting according to tax laws.

Such companies are usually referred to as "dormant companies" and are offered to persons concerned in case it is necessary to conduct transactions immediately, and there is no time to wait for the registration of a new company.

Registration of a firm in the United Kingdom - requirements for founders

The founders who want to register a company in the UK are subject to certain requirements, namely:

  • The founder must be over 16 y.o.;
  • A legal entity may not be appointed as the director of the company;
  • It is necessary to provide at least 3 variants of a name with indication of the organizational and legal form when opening a company;
  • Copy of one page of the director's passport with a photograph;
  • Full name, birth date, address of the director's residence (block Latin letters) confirmed at the place of residence;
  • Similar data for all other participants (copies of passports are not required);
  • Specify the size of the authorized capital (from £ 1).

Process of company registration in Great Britain (duration)

All documents are submitted electronically on-line. The procedure can take from 4 to 24 hours, depending on the selected organizational and legal form. After passing the registration procedure, the Certificate of Incorporation shall be sent to the e-mail address specified by the founder. Once the company is registered in the UK, it is possible to start operating and enter into transactions in the UK, Scotland, Northern Ireland, dominions and countries of the Commonwealth.

In order to start using a company that is opened in England outside the United Kingdom, legalization or apostillation of documents is required for some states, in particular the CIS countries.The processing of the legalized documents (apostillation) and sending hard copy of the certificate to another state can take 7-10 days.

Features of confirmation of the location of the company

Registering a company in Great Britain requires the presence of registered (non-virtual) office/address for the company. It must be located in the UK. The use of a PO Box is excluded.

Representatives of registration authorities, partners, clients can come to the indicated address to verify the legality of the company's activities. Official notices, tax documents, correspondence are sent only to  the actual business address. In many cases it is required to confirm the received document from the Post Office.

It is impossible to open a company according to the non-resident's address.

An offshore company in Great Britain

Offshore in the UK is not common. In general, the country can not be considered as an offshore one, with the exception of certain dependent territories of Guernsey, Jersey, BVI and some others having administrative and financial relationships with the metropolitan country , but independent financially (in the taxation field).

Peculiarities of the tax regime

Great Britain is the country with high standard of living and high prices. When planning to open the company in the United Kingdom one should take into account the following:

  • Corporate tax rate is 19%;
  • VAT rate is 20%;
  • Individual income taxes in the UK can reach 45%.

Despite such high tax rates, there are significant advantages, namely:

  • Absence of paper correspondence with tax authorities;
  • Reporting (Annual Accounts) is submitted once a year in electronic form;
  • The liability of shareholders (participants) is limited to the amount of unpaid part of their contributions (shares). With a minimum statutory fund of 1 £ stipulated in the legislation it is almost absent;
  • There is no need to appoint a local director;
  • The activity can be carried out in the presence of only one nominee (usually secretary) appointed by the director or shareholder.

There is no need to conduct an audit of the company's activities, provided that:

  • Annual income does not exceed £ 6.5 million;
  • Cost of assets (balance sheet) is 3,26 million. £;
  • The number of employees is 50 or less.

Submission of financial statements of a registered company in Great Britain

As already mentioned, the Annual Accounts are filed once a year electronically. The first report must be submitted within 21 months after the end of the reporting period in which the firm is registered and reflect all financial transactions for the specified period; after that, financial reports are submitted every year within 9 months from the end of the financial year.

Regardless of whether the company performs financial activities in the UK or not, it is obliged to file financial reports on a regular basis. The delay in filing entails the imposition of serious fines.

Special (simplified) reporting format is provided for companies that do not carry out activities.

In addition, companies are required to submit tax returns no later than 12 months after the end of the tax period.

Calculation of taxes and their payment are assigned to each tax resident. The tax authorities carry out only control and apply penal sanctions in case of violations.

Features of separate organizational and legal forms of enterprises

Registration of Ltd in the UK

This type of company (private company limited by shares) combines elements of LLC and JSC existing in the Russian Federation. Registration of the Ltd company is the most common and popular form of the enterprise. It can be incorporated by one or several participants and used for any legal business activity. But in contrast to the LLC, the liability is limited not to the amount of contributions to the authorized capital, but to the value of unpaid shares. That is, each of the owners is a shareholder, and owns a certain number of shares. One shareholder can not have a fractional number of shares, and their aggregate number should be exactly 100%.

Non-commercial organizations (a private company limited by guarantee)

They are almost a complete analogue of non-profit foundations in the Russian Federation, that is, organizations which statutory activities are not provided for making profit. But it differs in the fact that in case of infliction of loss to customers, the liability (financial one) is within the limits of guarantees provided by the founders.

Public limited company - PLC

It has no analogues in the Russian Federation, but it also combines the principle of shares, and the shares are issued for an unlimited number of those who wish to purchase them (as in the PJSC of the Russian Federation), but the extent of liability is limited to the capital according to outstanding shares.

Registration of LLP in the UK (limited liability partnership)

It is very popular to register LLP in the UK. The form is more typical for small businesses. It integrates the features of SP, LLC, and the previously existing limited partnership. Unlike in case of the SP, the entrepreneur (partner) is liable not to all property belonging to him, but the liability is limited to the amount of his contribution to the capital of the LLP. However, such company does not issue shares.

Company registration in Great Britain - what are the difficulties?

The main problem to open a company in the UK is the fundamental difference between the system of legislation in England and the continental legal system (including the Russian Federation).
There is a case law system in Great Britain, that is, the law is based on the application of court decisions on earlier similar cases to emerging legal disputes.

Thus, it is necessary to familiarize with a large number of decisions of courts of different counties over a long period of time. Some precedents have been in effect for decades and even centuries.
Businessman who is not familiar with such system of law can not get along without hiring an employee specializing in Anglo-Saxon law.

Set of documents
  • Certificate of incorporation 
  • Minutes of the meeting of Subscribers 
  • Minutes of Meeting of Directors 
  • Share Certiciates 
  • Non-Trading Warranty 
Nominee director and shareholder

Price: +700 USD

  • Resolution effecting the issuing the Power of Attorney 
  • Power of Attorney 
  • Director Resignation Letter 
  • Secretary Resignation Letter 
  • Nominee Director’s Declaration 
  • Declaration of Trust 
  • Stock Transfer Form 
  • Tax Certificate (Ltd) 
  • Certificate of Good Standing 

General information
Square244 820.00
Population63 047 200.00
State polityparliamentary monarchy with Queen
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 companiesNo
Legal systemCommon law
The use of the Cyrillic alphabet in the nameNo
Local registered officeYes
Local registered agentNo
Shares and share capital
Standard currencyPound sterling
The minimum amount of paid-in capital, nat. currency2
The minimum amount of the issued capitalNo
Bearer sharesNo
Possibility to issue shares without par valueNo
Basic corporate tax rate19.00%
Capital gains taxNo
Currency controlNo
Corporate tax rates detailsBasic rate - 26% (for companies with profits over £ 1,500,000), reduced rate for small companies (profits from £ 300,000 to £ 1,500,000) - 23%.
Stamp dutyNo
Other taxes17% VAT
Director and Secretary
Minimum number of directors1
The requirement for residency directorsNo
Director of legal entities are allowedNo
The data reveals to the local agentYes
Data field to the public registryYes
The requirement for the presence of the SecretaryNo
Requirement to the residense of the SecretaryNo
Requirements to qualification of the SecretaryNo
Legal entity as the SecretaryNo
Shareholder and beneficiary
Minimum number of shareholders1
Data is entered in the public registerYes
Shareholders residency requirementNo
Information about the beneficiary is disclosedYes
Information may be disclosed to the local agentYes
Shareholders-legal entities are acceptableNo
The requirement for filing reportsYes
Open access to reportsNo
Statutory auditNo
The requirement for filing Annual ReturnNo
Open access to the Annual ReturnNo
The requirement for reportsYes
Treaty on avoidance of double taxation (States which signed)120
Membership in the OECDYes
Is it offshore according to Russian legislationNo
Trademark Registration
TM Comprehensive Study TM Registration Request TM Registration Certificate Total
First Class Additional Class First Class Additional Class First Class Additional Class First Class Additional Class
159.60 118.80 915.60 224.40 0.00 0.00 1075.20 USD 343.20 USD
«TRADEMARK» refers to «Wordmark» or «Logo»

231.60 183.60 915.60 224.40 0.00 0.00 1147.20 USD 408.00 USD
«TRADEMARK» refers to «Wordmark+ Logo»

Prices include all professional and official fees. If the change of official duties or exchange rates prices may vary.

By using information from this page please read the Disclaimer