X
Free
Don’t go empty-handed!
Learn more about offshore business!

Let us provide You with a valuable opportunity to discover what You may need an offshore company for, who is eligible to incorporate it and steps of incorporation process. All the info may be found in our free brochure.

  • The truths and myths about offshore companies
  • Who is eligible to set up an offshore company
  • Choosing the right type of an offshore company
  • Choosing the correct offshore jurisdiction
Free
Receive it to Your e-mail address for FREE
Seychelles general information

Seychelles: general information

Presentation of general information about the Seychelles, peculiarities of the historical, political and economic development, investment environment, business industry and set of financial instruments as well as international reputation of the jurisdiction

Seychelles general information
Why to choose Seychelles?

Why to choose Seychelles?

Detailed research of features and advantages of all business companies types which could be incorporated within the jurisdiction of the Seychelles

Why to choose Seychelles
Seychelles: IBC & CSL

Seychelles: IBC & CSL

The brochure is devoted to research registration process, capabilities, tax rates and application practice in business environment of Seychelles IBC and CSL.

Why to choose Seychelles
Seychelles: Foundations, Trusts, Limited Partnerships

Seychelles:
Foundations, Trusts, Limited Partnerships

The brochure deepen in the essence of the next types of Seychelles entities such as foundations, trusts and limited partnerships which are considered suitable vehicles for international tax planning, assets protection and other financial activities.

Why to choose Seychelles
Seychelles: Cooperation between companies

Seychelles:
Cooperation between companies and banks

The brochure provides considering relationships between banks and entities that is a natural extension of opening an entity in the Seychelles.

Why to choose Seychelles
Seychelles: frequently asked questions

Seychelles:
frequently asked questions

The brochure summarizes the survey about Seychelles offshore and answers some frequently asked questions, which arise when acquainting with the Seychelles jurisdiction.

Why to choose Seychelles
UNITED KINGDOM: OVERALL REVIEW

UNITED KINGDOM: OVERALL REVIEW

In this brochure, examples of practical use of an LTD are examined eg provided detailed information on a business purposes as using an LTD as company receiving dividends, holding company and nominee or agent. Another one issue is to study complex guidance how to rule an LTD and LLP.

UNITED KINGDOM: OVERALL REVIEW
UNITED KINGDOM: LTD & LLP (part 1)

UNITED KINGDOM: LTD & LLP (part 1)

This brochure presents an information about tax rates and tax residence status in the UK. In addition, it is studying the details of the most demanded business structures, particularly Private Company Limited by shares (LTD) and Limited Liability Partnership (LLP)

UNITED KINGDOM: LTD & LLP (part 1)
UNITED KINGDOM: LTD & LLP (part 2)

UNITED KINGDOM: LTD & LLP (part 2)

In this brochure, examples of practical use of an LTD are examined eg provided detailed information on a business purposes as using an LTD as company receiving dividends, holding company and nominee or agent. Another one issue is to study complex guidance how to rule an LTD and LLP.

UNITED KINGDOM: LTD & LLP (part 2)
Public Limited Company

Public Limited Company

In this brochure, the leading experts of our company provide answers on the most popular questions related to this business structure. There is an excellent possibility to fill up your knowledge by information about doing business with the help of Public Limited Companies, receive an explanation on the rules how to sell the company's shares on the stock market and other advantages.

Public Limited Company
Scotland: WHY NOT?

Scotland: WHY NOT?

This brochure fulfilled the UK jurisdiction series with Scottish business structures. All the requirements, practice of application, advantages, main differences between the UK LLP and Scottish LP and other issues are examined in this survey.

Scotland: WHY NOT?
Hong Kong: Comprehensive Review

Hong Kong: Comprehensive Review

This brochure dedicated to inform about business atmosphere and business facilities in the studied jurisdiction, explain the reasons of popularity of Hong Kong entities for tax-optimisation purposes. Familiarity with this brochure is the first step on a way to the possibility of carrying on successful business in stable economic conditions of Asian region with maximum benefits.

Hong Kong: Comprehensive Review
Hong Kong: Choosing Business Vehicles

Hong Kong: Choosing Business Vehicles

The present research concerns the most popular forms of business organization in Hong Kong, as well as the basic rules of their use for the purposes of breaking down the tax burden. The brochure contains a number of clarifications regarding the demand for offshore structures in Hong Kong, a minimum set of requirements for the establishment and registration procedures.

Hong Kong: Comprehensive Review
Hong Kong: Frequently Asked Questions

Hong Kong: Frequently Asked Questions

This brochure summarizes the research concerning the reasons of popularity, business opportunities, tax rates, companies and partnerships in Hong Kong. This is an interview where our manager answers frequently asked questions, appeared during the time of studying the Hong Kong jurisdiction.

Frequently Asked Questions
Business Purposes: Regular Practice

Business Purposes: Regular Practice

The brochure says on corporate and classical targets of Hong Kong enterprises, provides examples of practical use of the enterprises established in Hong Kong. Here we specify the long-term and short-term goals of business structuring, as well as the use of Hong Kong enterprises to operate as a trading company, the company, opening a representative office in China and a holding company, which owns the rights to ownership of the company in China.

Business Purposes: Regular Practice
UnitedKingdomOverallReviewBrochurePopup
HongKongOverallReviewBrochurePopup

Order Your UK Company Now!

UK Ready-made company

Bank account introduction
+ Mastercard

Nominee Director,
Nominee Shareholder

The power of Attorney

A COMPANY IN THE UNITED KINGDOM

Accounting : Yes, Secretary : Yes,

19%

€1,300

19%

Formation time :

1 day

Minimum capital :

£1

ANNUAL FEE :

€900

BENEFITS OF CREATING COMPANY IN THE UNITED KINGDOM:

0%

  • No minimum start-up capital
  • The minimum tax in case of company opening or liquidation
  • Corporate tax is below average

100%

  • Effective administration
  • Flexible accounting system
  • Flexibility of other tax deductions

Want more information about the UK?
Receive brochures via e-mail!

These brochures provide information about business atmosphere and business facilities in the United Kingdom. We explain the reasons of popularity of this jurisdiction and answer the most popular questions of our customers. Our specialists also studied all the details of the most demanded business structures, particularly Private Company Limited by shares (LTD) and Limited Liability Partnership (LLP).

Start your business in the United Kingdom in 1 day

A company in the United Kingdom

€1,300

Drafting of statutes
Registration of the company
Domiciliation
Government tax
Annual Return
Legal fees
Additional services
Nominee Director
from €300
Nominee Shareholder
from €300
Power Of Attorney
€80
Documents notarization and apostille
from €350
VAT number
€500
Corporate Bank Account
€670
Private bank account
€500
Local phone number
€80 / m
Local phone number + Personal Secretary
€100 / m
Secure remote desktop server
€400 / m
Domain and corporate email
€100 / m
Website and company logo
from €350
Basics of doing business in Britain
Why form a company in the UK?

The Companies Act 1985 determines the way the Private Limited Companies operate. Such companies are legal entities with their own rights, separate from the shareholders, who run them.

The limited responsibility, beneficial tax conditions and the simplicity of private limited company administration make this type of business entities the most registered in the United Kingdom. The corporate and personal assets are separate, but for the cases, they are fortified against the business for getting a credit. Consequently, the stockholders’ risks are reduced to the amount of means invested and the shares you possess.

PLC has no minimum capital requirement in the UK with a minimum requirement for share capital equal to 1 GBP or its equivalent in another currency. However additional capital is, as a rule, issued and it can happen any time. Director can initiate the issue after the preliminary approval of the shareholders. The PLC shares can be transferred by a private contract between the seller and the purchaser.

UK PLC Main Benefits

Limited Companies in the United Kingdom actually have little restrictions or requirements, that’s why many businesses choose this flexible business solution.

The main requirements of a PLC:

  • A registered office.
  • Minimum 1 Director, not necessarily the resident of the UK.
  • Minimum 1 Director must be an individual.
  • A Company Secretary is advisable.

Private Limited Company’s Advantages:

  • Limited Liability: the responsibility for corporate obligations stops with the business.
  • Distribution of Profits: the corporate profits can be distributed among the stockholders as dividends.
  • Flexible Ownership & Control, which allows quick and easy decisions.
  • Detached Entity & Succession: the Company can profit from continuous existence while the ownership can be transferred to another individual.
  • The flexibility of Objectives: PLCs are not obliged to set the business objectives in the Memorandum of Association, it allows the companies to operate freely in various areas and markets.
General information about the jurisdiction

The United Kingdom of Great Britain and Northern Ireland – is one of the largest European countries, with the population of 64 million people. The official language of the UK is English. London, the capital of the United Kingdom, is the world’s official financial center. The national currency is GBP –Great Britain Pound.

The United Kingdom of Great Britain and Northern Ireland is the heir of the greatest in history British Empire. The legislation in the country is Anglo –Saxon and the taxation system is residential. Great Britain is a parliamentary monarchy, with the monarch as a head of the country, its Crown Dependencies, overseas territories and 15 out of 54 countries, which are included into British Commonwealth of Nations.

The Legislative power in the UK belongs to the Parliament, with the two Houses –The House of Lords and of Commons. The citizens elect the House of Commons, and the Monarch appoints the House of Lords. The Government headed by the Prime Minister realizes the executive power in the country. The Prime Minister is elected by the House of Commons.

The Highest Judiciary Authority in the country is the Supreme Court of the United Kingdom. UK Courts apply and interpret the precedents in course of judicial proceedings, thus forming legislative precedents, which become obligatory for the application by the equal or lower judicial bodies in similar cases. Higher court authorities can alter the precedents, created before.

The United Kingdom of Great Britain and Northern Ireland is a permanent member of the U.N. Security Council.

The Partnership in Great Britain

The country has a stable authority and it can be used as an alternative jurisdiction while doing business with the countries, carrying out an active anti-offshore policy.

LLP partnership Key Applications:

  • Export/Import operations (without limitations)
  • Holdings
  • Investment activity
  • Asset possession (without profit withdrawal)

British LLPs Advantages:

  • Stable authority
  • Political stability
  • No currency control
  • The possibility to become totally tax-free if the partners are offshore companies
  • Absence in the offshore jurisdictions list

Disadvantages:

  • Necessity to submit financial statements
  • Mandatory audit for the large and medium-sized businesses
  • Impossibility to take advantage of double taxation treaties if the participants are not British residents
  • Tax exempt status is published in open information sources
  • The cooperation in the information exchange sphere aiming the fight against organized crime
What is an LLP?

Limited Liability Partnership is a transparent tax structure in Great Britain, the revenue of which is not subject to the tax on profit or capital gain. The profit of an LLP is considered the income of the participants, which is obligatory for declaration in the country the partners are tax residents of. More than that, tax on profit should also be paid there.

In case the partners are not the residents of the United Kingdom, they can avoid British taxation if they meet the following conditions.

1. Not conducting business activity on the territory of the jurisdiction,
2. Gaining profit outside Great Britain.

To avoid the taxation in full, it’s better to use the partners from the classical tax-free offshore jurisdictions (BVI, Panama, Nevis and alike).

How to Use the LLPs:

The profits of the partnership are distributed proportionally to the participation of each partner or according to the other conditions agreed by the latters.

The Designated Members should be appointed in LLP so that they could realise the functions of Director and Secretary.

They are responsible for :

1. Auditor appointment (if needed).
2. Signing the documents on behalf of the other Participants.
3. Financial statements preparation and submission to the tax and financial authorities.
4. Closing down the LLP, in case of necessity.

As a rule, the General Meeting of Founders makes the decision as to the number of Designated Members and two is enough in most cases. If the Designated Members are not defined, every participant is considered as such.

To establish a reputation of a trustworthy entity the Founders of it can use the services of a professional managing director.

The LTD company Key Applications:

  • In most cases, the British LTDs are used to minimise taxes, being, in fact, just a representative company for doing business with the countries, having strict anti-offshore legislation.
  • Savings and investment activity.
  • Holdings.
  • Real estate possession.

UK LTDs Advantages:

  • Stable authority.
  • Political stability.
  • No currency control.
  • No withholding tax.
  • Multiple double taxation treaties.
  • Absence in the offshore jurisdictions list.

Disadvantages:

  • Tax on Profit.
  • Obligatory annual financial and nonfinancial statements.
  • Mandatory audit for the large and medium-sized LTDs.
  • Great Britain is a participant of the Convention on Mutual Administrative Assistance in Tax Matters.
Taxation
  • Tax on profit – 19%.
  • Tax on Capital Gain – 19%, where the tax assessment base is a positive difference between the cost of corporate assets sale and acquisition.

LLP Characteristics:

General

Company type

Limited Liability Company

Legislation

Common Law

The new entity registration period

10 days or less

Tax on profit

No (in case the conditions defined above are met )

Double taxation treatie

No

Doing business on the territory of the United Kingdom

Allowed, but in case it is realised, British taxes should be paid.

Transfer to another jurisdiction

Forbidden

Registered capital

Currency

Not required

Minimal Registered capital

Not required

Authorized share capital

Not required

Shareholders

Minimum

Two partners with a limited liability

Publicly open register of members

Yes

Places for meetings

Any

Final Beneficiaries

Publicly accessible information

Not required

Directors

Minimum

The functions of a Director are on a Designated Member

Local Director

Not required

Publicly accessible register of Directors

Not required

Places for meetings

Not required

Secretary

Essentiality

The functions of a Secretary are on a Designated Member

Residency

Not required

Reporting

Financial statements

Obligatory

Audit

Mandatory for the large and medium-sized LLPs (read below)

Financial statements submission

Obligatory

Publicly accessible information

Yes

Nonfinancial statement

Yes, annually

The nonfinancial statements submission fee

15 GBP – in electronic form
30 GBP – in a paper format

Compulsory budget payments

Annual governmental charge

No

Important:

The audit of the financial statements is obligatory for the large and medium-sized businesses, however, in case of meeting at least 2 conditions defined below, the company may be recognised small and released from the audit.

1. LLP’s annual turnover less than 6.5 mln GBP.
2. Book value of the assets less than 3.26 mln GBP.
3. Less than 50 employees.

The financial reports are submitted annually to the Companies Register, Small LLPs are obliged to submit Abbreviated Accounts.

Besides the financial reports, the following reports are due:

  • The Tax Return, in which the share and the sum of income of every shareholder are indicated, is obligatory for everybody, irrespective of the taxpayer status in the United Kingdom.
  • The nonfinancial statement is submitted annually to the Companies Register. The first such report is due a year and a half after the LLP is registered.

LTD company:

General

Company type

Limited Liability Company

Legislation

Common Law

The new entity registration period

10 days or less

Tax on profit

19%

Double taxation treatie

Applicable

Doing business on the territory of the United Kingdom

Allowed, real estate possession as well

Transfer to another jurisdiction

Allowed on tax authorities permission

Registered capital

Currency

GDP

Minimal Registered capital

1 GDP

Authorized share capital

1000 GDP

Shareholders

Minimum

One

Publicly open register of members

Yes

Places for meetings

Any

Final Beneficiaries

Publicly accessible information

Available on People with Significant Control – PSC

Directors

Minimum

One

Local Director

Not required

Publicly accessible register of Directors

Yes

Places for meetings

Any

Secretary

Essentiality

No

Residency

Not required

Reporting

Financial statements

Obligatory

Audit

Mandatory for the large and medium-sized LLPs (read below)

Financial statements submission

Obligatory

Publicly accessible information

Yes

Nonfinancial statement

Obligatory annually

The nonfinancial statements submission fee

15 GBP – in electronic form
30 GBP – in a paper format

Compulsory budget payments

Annual governmental charge

No

Important:

In case at least 2 conditions below are met, the company may be recognised small and released from the audit:

1. LTD’s annual turnover less than 6.5 mln GBP.
2. Book value of the assets less than 3.26 mln GBP.
3. Less than 50 employees.

The financial statements are obligatory for submission annually to the Companies Register, Small LTDs have to submit Abbreviated Accounts.

The release from audit is possible if:

  • The Company is recognised as small.
  • Annual turnover is less than 5.6 mln GBP.
  • Book value of the assets is less than 2.8 mln GBP.

The following reports are due for British LTDs:

1. Tax Return to the Tax Administration.
2. Annual nonfinancial report –to the Companies Register.

© 2016-2018 OEC Media LTD DMCA.com Protection Status
Offshore Express company Контакты:
Адрес: Dalton House 60 Windsor Avenue SW19 2RR London,
Телефон:01 76 38 01 12, E-mail: contact@offshore-express-company.com