Eternity Law International News LTD registration in the UK

LTD registration in the UK

Published:
October 6, 2020
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Registration cost1 500.00 EUR
The cost of renewing the company1 200.00 EUR
 Number of directors1
Corporate tax20.00%
Paid Statutory Capital0.00
Mandatory reporting requirementsYes

Set of documents:

  • Certificate of incorporation
  • Minutes of the meeting of Subscribers
  • Minutes of Meeting of Directors
  • Share Certificates
  • Non-Trading Warranty

Cost of services of a nominee director and shareholder – 550 USD

Documents using the nominee service at LTD registered in the United Kingdom:

  • Power of attorney
  • Refusal letter from the Nominal Director
  • Refusal letter from the Secretary
  • Nominal Director`s declaration on nominal services
  • Deed of Indemnity
  • Trust Declaration from the Nominal Shareholder
  • Instrument of Transfer Documents for Shares

Limited company (LLC) is commonly used when registering a company in the UK

UK Limited (UK Ltd.) has the following characteristics:

  • At least one director must be an individual.
  • The minimum share capital is £ 2
  • Directors and shareholders are listed in public records.
  • Obtaining a VAT number on request: You will need to have an office in the UK and a bank account in the UK to register for VAT.

Please contact us for more details.

Financial statements must be submitted every fiscal year.

UK Ltd and UK LLP are widely used as:

Holding companies that can receive dividends from a foreign subsidiary as well as pay dividends to an offshore beneficiary without having to pay UK tax in any form.

Agency companies that carry out international trade as agents for offshore and other non-UK beneficiaries, receive only commission income. UK agency companies are often used to open a UK bank account for an offshore beneficiary.

Nominee companies serving as asset protection means, i.e. holding company to protect property or other assets on behalf of a third party.

Companies for royalty payments that can receive royalties related to copyrights outside the UK without bringing UK income tax.

Ready-made companies are available. Ask now.

UK company TAXATION

CORPORATE INCOME TAX: Standard corporate income tax rate is 20% (profits up to £ 300,000). Agency structures are often used to reduce the tax base.

INCOMING DIVIDENDS: from 0% to most dividends.

Capital Gains Tax: Capital gains are generally treated as ordinary profits. The exemption applies if:

  • The selling company owns at least 10% of the shares of the company and they are sold within 12-24 months
  • Companies trade.

Repatriation tax:

Royalty: The standard rate is 20% if not exempt under the EU Interest and Royalty Directive or reduced under the Double Taxation Treaty.

DIVIDENDS: as a general rule, they are not held, with a few exceptions.

PROCENTS: The standard rate is 6% if not exempted under the EU Directive on Interest and royalties or reduced under the Double Taxation Treaty.

TWO-SIDED tax agreements with 125 countries, including Belize, Hong Kong, Cyprus, Malta …

VALUE ADDED TAX (VAT). EU VAT regime. The standard rate for domestic sales is 20%.

The specialists of Eternity Law International will provide you with expert advice on purchasing a company in a European jurisdiction, opening a bank account in any jurisdiction. We offer ready-made offshore companies – it takes 2 days to reissue documents for new owners.

If you have any questions or need advice on registering or buying a company, call us at the phone numbers listed on the website, or fill out and send us the form at the bottom of the page.

 

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