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

A UK Private Limited Company is a separate legal entity that remains distinct from its members and directors. All individuals and entities affiliated with a UK PLC 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

UK PLC

Corporate Details

General

·         Type of Entity

Private Limited Company

·         Registered Office in UK

Yes

·         Shelf company availability

Yes

·         Our time to establish a new company

1 – 2 business days

·         Corporate Taxation

20 – 28%

·         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

·         Bearer shares allowed

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)

Advantages

  1. Single member ownership is available
  2. Nominee Services are permissible
  • The UK has numerous Double Taxation treaties
  1. Access to various trade markets in the European Union (EU)
  2. A private limited company has a separate legal existence from its members
  3. A Limited company legitimizes itself for many business activities
  • A UK private limited 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.