Formation and changes in the following subjects:•Private Limited Company •Limited Liability Partnership•branch or establishmentTaxesCorporation tax: 20% (since April 2017 it will be 19%)Personal income tax:progressive, up to 11.000,- £ without tax, after this income 20% - 45% Withholding tax: doesn´t exist VAT rate:20%VAT registration:Obligatory – at exceeding the turnover 81.000,- £ in 12 months or if it isexpected to be exceeded in following 30 daysVoluntary – it´s possible if the required documents will be supplied, but cannot be guaranteed – it is always considered individually depending on the place of the real business activity.Termination of a business:1. deletion from the Coompanies House2. the company has a legal successor - the sale, M&A or split-up of the company Accounting: obligatoryPublicity of company´s data: information in Companies House are publicly available. Currently it´s necessary to provide Companies House with the identity and details of people with significant control of company under threat of the criminal penalties. We don´t offer the „nominees“ service in United Kingdom.Bank account: it´s possible to open a bank account in English, Czech or Caribbean bank (during the VAT registration process it´s obligatory to open an account in English bank).Advantages of UK jurisdiction•very fast company formation (in 4 hours)•English LTD have excellent professional image•very good jurisdiction for trading with non-EU countries •comparatively low operating costs•existence of dormant companiesOther services:•Supply residence•Ensure social insurance•English driving license•English domain name•Services of translators•Holding structures and connections with other countries•Representing a client before administrative authorities and courts•Registered seat and correspondence forwarding•Virtual office
Under the following links you can find related articles and documents. Our sensitive and protected documents are available only on our data cloud.
LEGAL DISCLAIMEROur website includes articles concerned with tax system analysis of some countries, comparison of business environment and in some cases articles may allocate advantages of legal international tax planning of legal as well as physical entities. These articles are not published with the intention to induce the reader to avoid legislative norms, especially tax regulations of individual countries of the European Community or third countries. We are trying to provide complex and accurate information, on the other hand, we refuse any legal responsibility for the statements and stand-points published in various articles of this presentation. The content of articles is not intended and shall not be considered in any way as tax advisory nor as a relevant statement regarding tax issues and legal matters.