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United Kingdom

Legal System English common law.
The System of the Common State Registrar The company records (name, registration date, shareholder, director, address) are kept by the public registry. The registering authority is The Companies House.
Registration Procedure Documents are submitted to the Registrar on paper. The beneficial owner is not required to be present at the registration and filing procedures.
E-Registration Available.
Pre-incorporation Procedures (statement of compliance, affidavit, etc) Mandatory filing of the Statutory Declaration, signed in the presence of a Notary Public, Commissioner for Oaths or Justice of the Peace. A lawyer involved in the formation of the company or one of the directors or secretary of the company should make an oath at the Court.
Company Name Prior name approval is required. The name may be in English or in a language that uses the Latin alphabet. Company name must be ended in LIMITED or LTD. The words: "Bank", "Insurance", "Trust", "Assurance", "Building Society", "England", "European", "British", "Irish" etc. are not allowed.
Incorporation Documents Memorandum & Articles of Association. Original documents shall be drawn up and kept in the English language.
Share Capital The minimum share capital GBP 1, one share. Most common: GBP 1000 divided into 1000 shares with nominal value of GBP 1 each. Registered shares only; bearer shares are not allowed.
Beneficial Owner The beneficial owner can be any physical person. Information about the beneficiary is not reflected in the Registrar.
Shareholder At least one shareholder (physical person or legal entity). Maximum 50 shareholders for private companies. Transfer of shares to trust and use of nominee shareholder is allowed.
Director At least one director; minimum one of the directors should be a physical person.
Secretary Not required.
Registered office A registered office in UK is required.
Residency Is determined by the place of management of the company.
Income Tax 19%
Taxes on Dividends 0%
Taxes on Capital Gains 0%*
Taxes on Interest/Royalties 20%
Tax Withheld at Source 20% of income in the form of interest and royalties.
VAT 20%. VAT is levied on sales of goods and services and on import from non-European countries.
Specific National Taxes and Levies None
Reporting Each year is fully reported in accordance with the IFRS.
Audit Mandatory annual audit.
Cost Accounting Rules Costs must be justified and documented.
Tax Administration Formal, in accordance with the requirements of the law.
Use of Tax Treaties More than 25 countries.
Terms of Use of Tax Preferences Tax residency.
Controlled Foreign Corporation in Jurisdictions with Low Tax (CFC) The legislation restricting the use of Controlled Foreign Companies registered in law tax jurisdictions is applicable. The law is currently being reviewed.
Disclosure of Information Information about beneficiaries is revealed by the decision of a Court.
Language English.
Registration of Company From EUR 5 500.
Administration of Company From EUR 6 900 per year.

* A 25% rate can be applied to companies that create artificial mechanisms to avoid taxes in the United Kingdom.
** No tax is payable if the seller is a non-resident of the United Kingdom and the income is not received through the UK.