UK
|
GENERAL |
|
| Type of entity | Private Limited |
| Type of law | Common |
| Shelf company available | Yes |
| Our time to establish a new company | 1 day |
| Minimum government fees (excluding taxation) | Not Applicable |
| Corporate taxation: | 21% – 29.75% |
| Double taxation treaty access: | Yes |
|
SHARE CAPITAL OR EQUIVALENT |
|
| Standard currency | GBP |
| Permitted currencies | Any |
| Minimum paid up | £1 |
| Usual authorised | £1,000 |
|
DIRECTORS OR MANAGERS |
|
| Minimum number of Directors | 1 |
| Local director requirement | No |
| Publicly accessible records of directors | Yes |
| Location of directors meetings | Anywhere |
|
SHAREHOLDERS (MEMBERS) |
|
| Minimum number of shareholders | 1 |
| Location of shareholders meetings | Anywhere |
| Publicly accessible records of shareholders | Yes |
|
BENEFICIAL OWNERS |
|
| Publicly accessible records of beneficial owners | No |
| Shares may be held by a nominee on behalf of beneficial owner client | Yes |
|
COMPANY SECRETARY |
|
| Required | No |
| Local or qualified | No |
|
SHARE CAPITAL |
|
| Standard currency | USD, GBP or EURO |
| Permitted currencies | any (except Mauritian Rupees) |
| Registered shares | Bearer shares not permitted |
|
ACCOUNTS AND RETURNS |
|
| Requirement to prepare | Yes |
| Audit requirement | Yes, but small company exemption |
| Requirement to file accounts | Yes |
| Publicly accessible accounts | Yes |
|
OTHER |
|
| Requirement to file annual return: | Yes |
| Change in domicile permitted | Yes, but subject to approval of Inland Revenue |