UK PLC
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
- 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 private limited company has a separate legal existence from its members
- 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.