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