England is one of the largest financial and cultural centres of the modern world. Having a business in this jurisdiction is prestigious and respectable. Such a company, as a rule, does not cause doubts among partners.
Many people mistakenly believe that England belongs to offshore zones – it is not so. England belongs to jurisdictions with low taxation. The peculiarities of local legislation allow for significant optimisation of financial flows outside the jurisdiction.
Requirements:
An office in England is required (we provide a correspondent address in London). In business practice, the most common authorised capital for a company in England is £1000 (payment of authorised capital is optional).
Shareholders:
The minimum number of shareholders is one (Individuals or companies).
Directors:
The minimum number of directors is one (Natural person.).
Citizenship and residency are not relevant.
A Director and a Shareholder may be the same person.
Important:
We offer the services of nominee shareholders and directors for business activities. There is an open register of shareholders and directors in England. Information is publicly available
Requirements:
An office in England is required (we provide correspondent address services in London).
Reporting:
Partnerships in England and Wales do not file an annual report.
Important:
An LP in England and Wales is not a separate legal entity, i.e. tax is not paid by the partnership but by each partner separately in their own jurisdiction. Partnership profits may be apportioned pro rata between the partners and they must declare them in their own jurisdiction.
* It should be borne in mind that England has a large number of concluded JIDNs with other countries.
LTD
Is resident from the date of incorporation of the company.
Pays corporation tax on an extraterritorial basis. That is, if your company is incorporated in England, it pays corporation tax on activities in England and abroad.
The corporation tax rate in England is 19% for 2021/22.
The rate of VAT in England is 20 per cent.
LP
The limited liability partnership itself is not subject to tax in England.
The profits of the LP are distributed to its partners, who are liable to pay tax in the country of their tax residence.
If the partnership has foreign partners and does not operate in England, there is no liability to tax in England and the partners must fulfil their own tax obligations in the country of their residence.
Copy of passport with registration page and proof of address (UB).
(The time taken to register a new company is about three working days).
Certificate of Incorporation - Certificate of Incorporation
Articles of Association
Memorandum of Association - Memorandum of Association
Minutes of the initial meeting - Minutes of the first meeting
Resolution of Shareholder(s) - Resolution of shareholders
Share Certificate - Share Certificate
Apostille of documents (on request)
Company seal (on request)
Power of Attorney (on request)
(the registration period is about 2 weeks).
Every English company must file an annual return with Companies House each year.
Failure to file an annual return may result in the Registrar assuming that the company is no longer carrying on business in England and removing it from the register and imposing fines and penalties.
Our professionals will contact you to discuss further and provide possible solutions.
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