The United Kingdom of Great Britain and Northern Ireland

The United Kingdom of Great Britain and Northern Ireland is one of the most respectable jurisdictions in the world. Among the biggest advantages of the UK belong extensive network of double tax treaties, stable legal environment and the fact that British open economy plays a significant role in international trade and investments.

The UK is a member of EU, G8, G20, NATO, OSN, OECD or WTO with its legal tender Sterling Pound (GBP). British legislation recognizes various types of companies e.g.: Private Company Limited, Public Company Limited, General partnerships or trusts.

Legal formPrivate Company Limited by Shares (Ltd.)
LegislationCommon law
The Companies Act 1985
Foundation timeOnce received all required documents from a client, the incorporation of the new Ltd. takes usually from 1 to 3 days and documents are delivered within 3 weeks.
ShareholdersMinimum required: 1
Form: physical person/corporate body (both possible)
Nationality: Any (UK nationality not necessary)
DirectorsMinimum managers required: 1
Form: physical person/corporate body (both possible)
Nationality: Any (UK nationality not necessary)
Other: Secretary is possible but not obligatory
Share capitalNo specific requirements
Bearer sharesAllowed
TaxesCorporate income tax rate: 21% - 28% Withholding tax: the payment of dividends is not subject to withholding tax regardless of where the recipient is resident
VAT: Registration to VAT is voluntary if turnover does not exceed 73,000 GBP. If turnover exceeds 73,000 GBP in last 12 months or it will exceed the limit in the following 30 days, the registration to VAT is obligatory.
Rates: 20% (1 April 2011)
AccountancyFiling of accounts is required
AuditIn the UK, only companies with a turnover exceeding £5.6 million or net assets exceeding £2.8 million are required to have a full statutory audit by a registered auditor.
Anonymity and confidentialityThe companies register is publicly accessible
OtherShelf companies availability: YES
Registered office: Must be maintained in the UK
General meetings: Anywhere in the world

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Our services fulfill Czech Standard - ČSN EN ISO 9001 & Czech Standard - ČSN ISO/IEC 27001