UK Private Limited Company

General Information

  • Type of Entity - Private Limited Company (LTD).
  • Legislation - The Companies Act 1985 and 1989.
  • Company name - The name must indicate its status by using the word ‘Limited’ or its abbreviation ‘Ltd’.
  • Time-scale for incorporation - 15 to 20 days.
  • Disclosure of beneficial owners is NOT a requirement.
  • Double tax treaties currently over 100 countries worldwide. 
  • Ready-made companies are available.
  • Money laundering legislation is in existence.

Local Requirements

  • Registered Office and Registered Agent must be maintained.
  • Company Secretary is NOT required.
  • Public recording of shareholders, directors, must be maintained but anonymity is retained through nominees.
  • Accounts must be audited and filed with the Companies House, but exceptions granted for small companies.

Corporate Requirements

  • Minimum number of shareholders- One (1). May be natural person or body corporate that may reside anywhere in the world. 
  • Minimum number of directors - One (1). May be natural person or body corporate that may reside anywhere in the world. 
  • Minimum capital requirement - None.
  • Standard Authorised Capital - GBP£2,000.
  • Bearer shares are NOT permitted

Annual Requirements

  • Annual return and annual statutory meetings are required.
  • Statutory accounting is required.
  • Annual government registration fee - None, but an annual return fee of GBP£15.
  • Taxation – currently levied between 19% on profits between GBP£50,000 to GBP£300,000 and a tax rate of 30% is levied on profits above GBP£1,500,000.
  • Cyprus Tax Planning