The United Kingdom (UK) offers several company formation vehicles, used for a variety of business endeavors. The Limited Liability Company (PLC) is the most widely used and gives individuals and companies the most flexibility out of all the other company types.

A UK Limited Liability Company is a separate legal entity that remains distinct from its members and directors. All individuals and entities affiliated with a UK LLC have limited liability that protects them from being held personally liable for the debts incurred on the part of the company; making the maximum liability limited to the amount of capital or issued shares.

Key Features of UK Limited Liability Company

UK LLC

Corporate Details

General

  • Type of Entity

Limited Liability Company

  • Registered Office in UK

Yes

  • Shelf company availability

Yes

  • Access to Double Taxation Treaties

Yes

Share capital or equivalent

  • Standard currency

GBP, £

  • Permitted currencies

Any

  • Minimum paid up

GBP 1

  • Usual authorized

GBP 1,000

No

  • No par value shares allowed

No

Directors

  • Minimum number

One

  • Local required

No

  • Publicly accessible records

Yes

  • Location of meetings

Anywhere

  • Corporate directorship allowed

Yes *(but needs at least one individual)

Shareholders

  • Minimum number

One

  • Publicly accessible records

Yes

  • Corporate shareholder allowed

Yes

  • Location of meetings

Anywhere

Company Secretary

  • Required

No

  • Local or qualified

No

Accounts

  • Requirements to prepare

Yes

  • Audit requirements

Yes  *(small companies are exempt)

  • Requirements to file accounts

Yes

  • Publicly accessible accounts

Yes

Other

  • Requirement to file annual return

Yes

  • Migration of domicile permitted

Yes (subject to approval be Inland Revenue)

Tax treatment

Corporate tax is 19%.

Duration for set up of the company

One week. 

Distinctive Advantages of UK Limited Liability Company

  • Single member ownership is available
  • Nominee Services are permissible
  • The UK has numerous Double Taxation treaties
  • Access to various trade markets in the European Union (EU)
  • A Limited Liability company has a separate legal existence from its members
  • A Limited company legitimizes itself for many business activities
  • A UK Limited Liability company has a strong and structured shareholder conflict resolution procedure in place
  • Business expenses can be claimed against tax 

The Valsen Advantage

  • Speedy, Efficient and consistent Services.
  • Relentless effort to obtain bank accounts.
  • Expert advice on structuring options.
  • Dedicated ongoing compliance support.