UK Public Limited Company
General Information
- Type of Entity - Public Limited Company (PLC)
- Legislation - Common Law
- Company name - Non-English company names are allowed
- Time-scale for incorporation - same day
- Change in domicile is not permitted
- Double tax treaties with over 120 countries
- Ready-made companies are available
- Taxation on profits - 28% (21% if falls under "small companies" category)
Local Requirements
- Registered Office is required
- Company Secretary is required
- Local or qualified secretary is required
- The location of meetings can be anywhere in the world with shareholders' agreements
- Public recording of shareholders is required
Corporate Requirements
- Minimum number of shareholders- Two (2)
- Minimum number of directors - Two (2)
- Minimum paid up share capital - GBP12,500
- Usual Authorised Capital - GBP£50,000
Annual Requirements
- It is a requirement to prepare and file accounts
- It is a requirement for audited accounts except for small entities
- Accounts are publically accessible
- It is a requirement to file annual return
- The minimum government fees are GBP15 when filed online or GBP30 if submitted by post
- Cyprus in International Tax Planning
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