United Kingdom

COMPANY FORMATION IN UNITED KINGDOM

United Kingdom Limited Liability Partnership (LLP)

The Limited Liability Partnership company has been available in the UK since April 2001, pursuant to the LLP Act 2000. The LLP incorporates the tax transparency and flexibility of a partnership with the limited liability, as well as separate legal identity benefits of a company. UK corporate tax is avoided completely if company has non-resident partners and if the LLP trades solely outside the UK. The LLP Partnership Agreement is specially drafted to allocate 100% profits to the non-resident partner.

REQUIREMENTS FOR COMPANY FORMATION IN UK

• Minimum two partners in company (our package includes 2 offshore corporate partners)
• UK LLP companies do not have share capital, rather “capital” that is contributed by the partners (the amount is determined by the partners)
• No UK corporate tax if company profits are passed to the offshore partners
• UK registered company trading accounts and a tax return must still be filed annually (even if no corporate tax is paid)
• VAT: not recommended if you operate solely outside of the UK
• A UK LLP that does not pay UK corporate tax is not tax resident. Please contact us if you would like to structure a tax resident LLP.

FEES FOR COMPANY FORMATION IN UK

TIME FRAME FOR COMPANY FORMATION IN UK

• Registration of company in UK can take 12 – 15 business days (allow 3 – 5 days for courier)
• We offer a list of ready made companies in UK on the shelf. Please contact us for more information about UK companies listed in the shelf list.

BANK ACCOUNTS FOR UK REGISTERED COMPANIES

For the UK LLP company that operates outside of the UK, we can recommend opening an account with various banks located in Latvia, Estonia, Denmark or Cyprus. Please contact us for further details of bank account opening for companies registered in UK.

OFFICE OPTIONS FOR COMPANIES IN UK

• Virtual office for company registered in UK (includes telephone, fax and mail forwarding facilities): £200 per month payable quarterly in advance plus £600 deposit refundable within 30 days upon termination of your company  office contract.
• Serviced office: cost as per requirement. Please contact us for more details on serviced office prices for companies registered in UK.

ACCOUNTING SERVICES FOR COMPANIES REGISTERED IN UK

• Basic accounting service fee for UK registered company start from £650 per year based upon approximate number of monthly invoices and projected annual turnover of the company. Fees for larger companies may vary. Please contact us for more information on accounting service fees for UK registered companies.

HOW TO REGISTER A COMPANY IN THE UNITED KINGDOM?

To open a UK company, we will require the following:

• 100% of the UK company formation cost
• A completed UK company registration application form
• A copy of each company's director/shareholders passport
• Utility bill that is less than three months old

Please send your documentation for company formation in UK to:

SIA IBC Konsultants
Antonijas St. 22-4, LV-1010

Riga, Latvia
Fax: +371 67333957
Email: info@eurocompanyregistration.com
Skype: Contact_IBC

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