UK Company Limited By Guarantee

UK Limited by guarantee companies are an alternative type of business structure that is normally used by non-profit organisations. They are owned by one or more guarantors, each of whom guarantees a fixed sum of money to the business in the event of insolvency.
Typically, guarantors do not take any profit from the business. All surplus income is put back into the company to achieve its non-profit objectives.
 
Key Features of UK Company Limited by Guarantee

UK Company Limited by Guarantee	Corporate Details
General
Type of Entity	Company Limited by Guarantee
Registered Office in UK	Yes
Shelf company availability	No
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
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
Requirements to file accounts	Yes
Publicly accessible accounts	Yes
Other
Requirement to file annual return	Yes

Tax treatment
Corporate tax 19%.
 
Duration to set up the Company
One week. 
 
Distinctive Advantages of UK Company Limited by Guarantee

• Nominee Services are permissible
• The UK has numerous Double Taxation treaties
• Access to various trade markets in the European Union (EU)
• A Limited company legitimizes itself for many business activities
• 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.