UK Company Setup


Introduction

Companies Act 1985 (amended) provides for the Incorporation of a Limited Liability Company. This type of company limits members liability to the amount unpaid on shares they hold. The company is a legal person in its own right. It is separate from those who run it and has limited liability. Limited Liability gives the owners of the company (its shareholders) protection if the company fails. A very popular type of company due to its Common Law base and relative cheapness to incorporate.

 

Incorporating requirements

Directors

Minimum of 1 directors required, of which 0 must be residents.
Corporate directors are permitted.
Director's meetings are not required
There is a public director's register
Other notes: none

Secretaries

Minimum of 1 secretaries required, who need not be residents.
Corporate secretaries are permitted.
There is not any requirement for secretaries to hold a professional qualification
Other notes: none

Shareholders

Minimum of 1 shareholders required
Corporate shareholders are permitted.
There is a public shares register
Bearer shares are not permitted.
No par value shares are not permitted.
Usually the Authorised share capital is 1000 shares of GBP1 each.


Miscellaneous

Where some or all of the shareholders are nominees, the ultimate beneficial ownership of the shares does not have to be declared to the authorities.
A registered agent is not required.
An annual return is required.

 

Incorporation Fee: Please see Our Fees Schedule

The package fee includes government fees, local secretary fees, local agency fees, registered office fees and our service fees, and have the following after incorporation: a) certificate of incorporation b) Original formation documents and minutes c) Five copies of M & A


Incorporation Time: 1-2 Weeks


Supporting Services in UK - For Overseas Clients

The services include:

VAT Registration for Non UK residents

National Insurance Number Registration

PAYE Registration

Provision of Registered Office Address

Provision of Service Office Address

Apostilled and Notary Public of formation documents

Issue of Good Standing Letter and Certificate of incumbency

Dormant account filings

Mail Forwarding and Virtual Office Solutions

UK Company Secretarial Issues like change of name, change of directors, shareholders, changes of particulars, increase of share, etc.

Arrangement of legal Accountants to do statutory tax filings with HM Revenues and Customs and Companies House