Company Formation in Great Britain

Procedure to prepare the registration of a company in the UK

The registration process of a company in Company Formation in Great Britain LTD is very simple. The experts of LegalBison will assist you throughout every step of it:

• Initial consultation and agreement;
• Payment of the full invoice;
• [IF REMOTELY]: Notarization of POA by client;
• Preparation of registration documents;
• Document signed at the notary;
• Official register validity: immediately.

How long does it take to form a company in Great Britain?

• The process takes 1-3 working days on average;
• Can be done remotely in a few days.

Can I form a company in the UK remotely?

The whole incorporation process can be conducted remotely. No travel is necessary. Notarization of documents is necessary.

• A Power of Attorney (POA) from (all) partners/shareholders is needed;
• The POA is sent to you by us based on the services you want;
• You have to certify the POA by a notary and, in some cases, legalize it by apostille (some countries need full legalization);
• Once you have the POA on you, we double-check, and you send us the original form (physical document!) via courier to our address;
• Great Britain is part of the Hague Convention of the Apostille.

Necessary information to begin with company formation in the UK

• 3 options for your desired name for the company and a company contact email address;
• Names, addresses, and emails of all shareholders and board members;
• Short description of your company’s activity.

Required documents to provide to register a company in Great Britain

• Passport copies (scans) of shareholder/s and director/s, also a beneficiary owner if applicable;
• A Power of Attorney (in case of a remote company registration);
• Certified company documents (in case at least one of the shareholders is going to be a foreign company).

Taxation of companies in the UK

All limited companies in the United Kingdom are liable to corporate income tax. There are two levels of corporate income tax depending on profit (and not revenue) levels:

• 19% under 50,000 GBP;
• 25% over 250,000 GBP;
• A few tax reliefs and allowances are granted for companies earning less than 1.5 M GBP of profits;
• Your accountant will identify them and make the best of them.

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DTAA signed by the UK for companies

Albania, Algeria, Anguilla, Antigua-and-Barbuda, Argentina, Armenia, Aruba, Australia, Austria, Azerbaijan, Bahrain, Bangladesh, Barbados, Belarus, Belgium, Belize, Bermuda, Bolivia, Bosnia-and-Herzegovina, Botswana, Brazil, British Virgin Islands, Brunei Sultanate, Bulgaria, Cameroon, Canada, Cayman Islands, Chile, Côte d’Ivoire, China, Colombia, Croatia, Curaçao, Cyprus, Czech Republic, Denmark, Egypt, Estonia, Ethiopia, Falklands Islands, Faroe Islands, Fiji, Finland, France, Gambia, Georgia, Germany, Ghana, Gibraltar, Greece, Grenada, Guernsey, Guyana, Hong Kong, Hungary, Iceland, India, Indonesia, Iran, Ireland, Israel, Isle of Man, Italy, Jamaica, Japan, Jersey, Jordan, Kazakhstan, Kenya, Kiribati, Kosovo, Kuwait, Kyrgyzstan, Latvia, Lebanon, Lesotho, Liberia, Libya, Liechtenstein, Lithuania, Luxembourg, North Macedonia, Malawi, Malaysia, Malta, Marshall Islands, Mauritius, Mexico, Moldova, Monaco, Mongolia, Montenegro, Montserrat, Morocco, Myanmar, Namibia, Netherlands, New Zealand, Nigeria, Norway, Oman, Pakistan, Panama, Papua New Guinea, Philippines, Poland, Portugal, Qatar, Romania, Russia, Saint-Kitts-and-Nevis, Saudi Arabia, Senegal, Serbia, Sierra Leone, Singapore, Slovakia, Slovenia, Solomon Islands, South Africa, South-Korea, Spain, Sri Lanka, St Lucia, Sudan, Eswatini, Sweden, Switzerland, Taiwan, Tajikistan, Thailand, Trinidad-and-Tobago, Tunisia, Turkey, Turkmenistan, Turks & Caicos Islands, Tuvalu, Uganda, Ukraine, United Arab Emirates, United States of America, Uruguay, Uzbekistan, Venezuela, Vietnam, Zambia, and Zimbabwe.

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Accounting and audit requirements for a company in the UK

You need your accounts and tax return to meet deadlines for filing with Companies House and HM Revenue and Customs (HMRC). The documents must include full annual reports and a company tax return. The timeframe to provide the accounts to the Companies House is 9 months after the end of the period (12 months for the tax return).

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Economic substance and residency requirements for companies in the UK

A Great Britain LTD company requires an address in Great Britain. This address will be publicly available.

• You can use a PO Box, but you must also include a physical address and postcode after the PO Box number;
• There are no residency requirements for members;
• An LTD needs at least a director. This director does not need to live in Great Britain (but must provide a contact address);
• You can appoint the director yourself or choose to use a nominee director;
• The actual control of the company is held by a publicly disclosed PSC (person of significant control).

LegalBison offers help with all of the above requirements. We assist and are local on the ground. Speak now for free with one of our consultants to get your business started.

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