United Kingdom – Public Limited Company
A "custom-made" UK company formation has many advantages over an "off-the-shelf" company. It is usually more economical to incorporate a company with the client's choice of name, directors, shareholders and authorised share capital than to purchase a shelf company and restructure the company.
The intended location of the registered office must be stated from the outset. If they wish, clients may be named as the first director and secretary. A same day incorporation service is available from Companies House for an additional fee.
Key Corporate Features
General |
|
| Type of entity : | Public Limited |
| Type of law: | Common |
| Shelf Companies Available: | Yes |
| Time to establish a new company: | s |
| Minimum government fees (excluding taxation) : | Not applicable |
| Corporate taxation: | 21% to 29.75% |
| Double taxation treaty access: | Yes |
Share capital or equivalent |
|
| Standard currency: | GBP |
| Permitted currencies: | Any |
| Minimum paid up: | £50,000 |
| Usual authorised: | £50,000 |
Directors or Managers |
|
| Minimum number: | 2 |
| Local required: | No |
| Publicly accessible records: | Yes |
| Location of meetings: | Anywhere |
Members |
|
| Minimum number: | 2 |
| Publicly accessible records: | Yes |
| Location of meetings: | Anywhere |
Company Secretary |
|
| Required: | Yes |
| Qualified: | Yes |
Accounts |
|
| Requirement to prepare: | Yes |
| Audit requirements: | Yes |
| Requirement to file accounts: | Yes |
| Publicly accessible accounts: | Yes |
Other |
|
| Requirement to file annual return: | Yes |
| Change in domicile permitted: | Yes, but subject to approval of Inland Revenue |
