TYPE OF COMPANY | LLP | LTD |
Registered Office in the UK | Obligatorily | Obligatorily |
Registered Agent | No | No |
Registration term of the company | 5 – 7 working days; | 5 – 7 working days; |
Shelf companies | Yes | Yes |
TAXES | ||
Taxation | Missing, provided that the partners are not resident in the UK and do not receive income in the UK. Partners are required to report income Partnership place of registration. | - 20% - for companies with profits to GBP 300,000; |
- 20% - 26% for profits from GBP 300 000 to GBP 1 500 000; | ||
- 26% for income in excess of GBP 1 500 000. | ||
SHARES and SHARE CAPITAL | ||
The minimum paid-up share capital | No | No |
The maximum authorized capital | No | No |
Standard authorized capital | GBP 1 000 | GBP 1 000 |
Bearer shares | No | Yes |
SHAREHOLDERS and BENEFICIARIES | ||
May be shareholders | Natural or legal persons of any nationality. | Natural or legal persons of any nationality. |
The minimum number of shareholders | Two | One |
Nominee shareholders | Allowed | Allowed |
Publicly available reports | Yes | Yes |
Disclosure of beneficiaries with any third party | No | No |
Board of directors | Yes | Yes |
Location of meetings | Anywhere | Anywhere |
DIRECTORS | ||
May be directors | Natural or legal persons of any nationality. | Natural or legal persons of any nationality. |
Minimum number of directors | One | One |
Nominee directors | Allowed | Allowed |
Publication of information about the directors in the State Register | Yes | Yes |
Meetings in the UK | Not Allowed | Not Allowed |
SECRETARY | ||
Secretary | Not Allowed | Required, but there are no restrictions on the location. Director can not be a secretary. |
Publication of information about secretary in the State Register | Yes | Yes |
Nominee Secretary | No | Yes |
REPORTING | ||
Record keeping | Yes | Yes |
Audit | Yes | Yes |
Filing reports | Yes | Yes |