Limited Company in Great Britain - Setting up a Limited company can be a simple operation but regulations, even if not complicated, at least on a general level, must be known

Establish Limited Company - Open a Company Ltd in LondonCompany Limited in Britain and the very fact of having its online domain registered and present on servers resident in British soil is another relevant factor for the purpose of verifying the present business and governed by British laws to which the company belongs.

Reaffirming that a Limited Company can not be used for tax evasion, but to make business with more taxable taxation in the presence of transparent and simplified laws such as the British, we also point out the unrealizable aspect of registering a company Ltd if it intends to perform services that necessitate exclusively and personally in the territory of the State of ownership of the property, business activities exclusively in its own country, marketing and advertising exclusively oriented to the country of affiliation.

Such business activities do not benefit the establishment of a Limited Company, being unable to fall into the rules of British taxation.

Another situation is given by online business, where all business and business transactions are carried out and managed via the Internet; Usually, although a prior analysis is needed, these activities are part of UK taxation.

The main company law governing this matter is the Company Law Amended by 1985, as well as the 1988 Company's income and tax laws.

English is the official language of legislation and corporate documents, moreover, for international trade and for investment, the types of companies used are private or public companies as a guarantee (limited liability).

A UK-based company has the same rights as a natural person.

There are no specific laws regarding the release or release of unauthorized information on a British company, its directors or its owners.

However, there is an obligation for practitioners working in the sector, such as managers, company directors, to respect confidentiality and discretion in the eyes of their clients, shareholders and shareholders of UK law firms.

The different legislations are related to the requirements regarding the procedure for setting up private limited liability companies, public limited liability companies and unlimited companies.

Diversity refers to the main differences between the various types of companies, the documents required for their training, the shareholders, the share capital, the bodies and the secretaries.

There are also norms that govern the company's social reasons.

Certain words according to English law are banned as they suggest a particular thing and some names are also forbidden depending on whether the company is involved in a particular business.

There are restrictions on business and commercial activities: specific types of services are not permitted by British law, including, for example, banks, insurance, financial services, accreditation services, consumer-oriented services, and staff placement.

The procedure for constitution requires the constitution of a capital company and articles of association, the declaration of conformity and the declaration of the first directors and the secretary, the notification of the official headquarters and the payment of the fee required for the Chamber of Commerce (Company House).

The official office of the office must be in the United Kingdom and very often they are located in London.

For the purposes of this disclosure, a British company is established in England or Wales and is a member of Cardiff, the capital of Wales.

Once you have registered at the Chamber of Commerce, companies are immediately available (usually within 7 days).

The requirements for equity-related authorization depend on the type of company: Private company: Minimum capital is an action but usually additional capital is emitted to consolidate the company's stability and consistency.

Opening an Ltd company in London normally allows us to establish it with an authorized share capital of £ 1.000 (one thousand pounds sterling and / or 1000 GBP).

Public Company: The minimum authorized share capital for a public company is £ 50.000 (50.000 sterling and / or 50.000 GBP), of which £ 12.500 must be released upon constitution (in the case of liquidation all £ 50.000 must be paid).

The minimum issued capital amounts to two shares and it is important to underline that the company tax rates are among the lowest in the whole European Union, the tax rate is 21% charged to a British company.

There are different ways to distribute dividends to the various shareholders (shareholder).

Here are some of the most commonly used solutions:

1 - Invoices issued to other companies: If you have another company, an invoice can be issued to you, with payment. The British authorities are very flexible and the fact of being the owner of both companies will not be a problem as long as everything happens clearly and without hiding the transactions

2 - Expenditure Note: As noted above, the UK tax authorities are also flexible on expense reports. You can download from your taxes all the expenses associated with the company, provided they are related to the company itself

3 - Salary: You could even choose to pay a salary for yourself. The amount of money issued would not be taxed in the United Kingdom, but in the case of residence outside the UK, taxation will take place in the country of residence.

The use of a Limited company in the United Kingdom is aimed primarily at entrepreneurs who run an international company or want to expand beyond the borders of their country of residence.

The Limited is particularly suited to companies with active business and / or new companies that are intended to create a profitable new business.

Our consultants are at your disposal, if you are seriously concerned, do not think about us and contact us.

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