Register your UK company in the same day!
- Deliver your UK Company within the same day
- Open a same day bank account with e-banking and credit card
- Secure you tax optimisation
- Offer value for money services with no hidden costs
- Prompt, professional and individual service at all times
- Full confidentiality
Parameters to Consider:
- The United Kingdom is a leading trading power and financial centre.
- The service sector, particularly banking and business services, account for the largest proportion of GDP; and contributes to a large extent to the popularity of the United Kingdom as a world renowned business centre.
UK companies can conduct cross-border trade tax-efficiently in their own right. The chief reason for this is that UK corporation rates are comparatively low.
The standard rate of UK corporation tax is currently 20-21% payable on every £1 of profit when net profits equal or below £1.5 million. This rate may change 1st April every year.
However, depending on the net profits of a company in a given accounting period, lower rates of tax may apply. A nil rate of corporation tax now exists for companies whose profits in an accounting period do not exceed £10,000.
Small companies rate of tax
There is a small companies’ rate of tax of 20% for companies whose net profits exceed £50,000 but do not exceed £300,000. For companies whose net profits exceed £300,000 but do not exceed £1.5 million, there is also a marginal rate of tax, which has the effect of increasing the overall tax rate until the flat rate is reached at the £1.5 million profit level.
These thresholds (£10,000, £300,000 and £1.5 million) are reduced where the company in question is associated with one or more other companies (whether these companies are resident within or outside the UK) by being divided by 1 + the number of associated companies. In practice, therefore, a UK trading company with an offshore parent company will reach the corporation tax bracket when its own profits equal or exceed £750,000.
- Currency: Great Britain Pound
- Language: English
- Type of law: Common law
- Type of company: Limited Liability Partnership
- Principal Corporate Legislation: Limited Liability Partnership Act 2000
- The income and Corporate Taxes Act 1988 (as amended)
- Uses: Commercial and trading activities, subject to trading restrictions as below
- Trading Restrictions: Cannot undertake business of banking , insurance, financial services, consumer credit or any other activities associated with the finance industry
- Company Name: Restrictions: similar or identical to existing company, name that suggests the patronage of the Royal family or implies an association with the government of UK. Names which include the words assurance, bank, building society, insurance, reinsurance, etc. Or equivalents in foreign language require the approval of the Secretary of State.
- Language of legislation and corporate documents: English
- Taxation: The LLP itself will not be the liable for taxation but the profit or gains will be assessed to tax separately on the individual partners
- Annual license fee: Not applicable
- Double Tax Treaty Network: Party to double tax treaties with many countries, but they are not applicable to partnerships income
- Registered Agent/Office: Must maintain a registered office address within the UK
- Members: Minimum number: Two
- Publicly accessible records: Yes
- Disclosure of Beneficial Owner: Not publicly available
- Directors: Minimum : two must be responsible for the affairs of the LLP
- Nationality: no restriction
- Publicly accessible records: Yes
- Location of meetings: Anywhere
- Secretary: Local or qualified: No restriction
- Share capital: Not applicable
Annual Reporting: Must file Annual Return and Annual Accounts. Filing of audited accounts is required but small company exemption.
Setting up a private limited company in the UK is a quick and straightforward process. Through our international corporate services network and our team of experienced corporate lawyers, we assist you on setting up your UK Company in just few hours.
At Parparinos Milonas Corporate and Legal Consultants, we take great care of your indented business model and the purpose of your UK Company so that to avoid later changes which can be costly and complex.
We provide full company registration within hours, completed statutory registers including printed and digital documentation of all corporate documents, and on-going support including full board meeting documentations. We further take care of maintaining your company’s registers, preparation and filing of annual return as well as accounts reminder and approval.
All we require from you is the below:
- The company’s name and registered address (we can provide with the provision of a company name and registered address, if required)
- Name(s) and address(es) of director(s) and company secretary (we can provide you with nominees, if required)
- Shareholders’ details.
Note: Shelf Companies are always available for immediate use.
UK trading companies can pay dividends to offshore parent companies entirely free of UK withholding taxation.
Furthermore, UK trading companies can claim relief from offshore taxation of overseas trading profits, and can often trade free of high foreign taxes in overseas countries in suitable circumstances.
UK companies often trade as sub-contractors for offshore contractors. Personnel and consultancy fees paid from the UK company to an offshore contractor are tax deductible, and depending on where the offshore contractor is located, and the turnover and asset values of the business, the UK tax deduction may be free of transfer pricing constraints.
UK companies whose place of effective management is located in a country which has ratified a double tax treaty with the UK based on the OECD Model will be considered non-UK resident for UK tax purposes.
It’s valuable to know that treaty countries with low rates of corporation tax e.g. Cyprus, Mauritius or Malta therefore offer tax-efficient locations for the management of UK companies.
The benefit of this is that while UK resident companies are taxable in the UK on their worldwide profits, non-resident companies are subject to UK corporation tax only on the trading profits of a UK agency or branch.
- Certified Memorandum & Articles of Association of the Company
- Corporate Register showing the, shareholders, directors & secretary and registered office.
- Share Certificates
- A company stamp.
- Indemnity Letters, whereby the beneficial owners indemnify the nominees for their actions where appropraite
- Declaration of Trust (when appropriate).