Company registration in the UK

Registration of a company in Great Britain - Legal assistance

Great Britain is a prestigious and developed world-class jurisdiction. England acts as the technological and financial center of Europe with the largest concentration of international companies engaged in digital development, IT research, innovation in the field of intellectual property and science. Britain is a popular destination for start-ups looking to grow, get tax breaks and attract international investment. Cross-border trade business is also actively developing. In this article, we will consider the process of registering a company in Great Britain and emphasize the importance of legal support.

Advantages of opening a company in Great Britain

• Stable economy with low inflation and developed infrastructure.
• Access to a wide network of trade agreements, which simplifies the export and import of goods and services.
• A loyal tax environment, with an attractive corporate tax of 19% and no dividend repatriation tax for residents of Ukraine.
• High level of trust in British companies in the international market, which helps to attract investment and customers.
• The possibility of opening accounts in prestigious international banks.

Tax advantages and benefits

In the UK, the corporate tax rate for companies with income up to £50,000 ($63,345.75) is 19%, which is lower than in many other countries. In addition, no dividend repatriation tax is charged, which simplifies the transfer of funds outside the UK.

The Double Taxation Agreement between Ukraine and Great Britain exempts Ukrainians from the obligation to pay taxes both in the UK and in Ukraine.

Ability to receive investment and financing from various sources

What does "Ltd" mean in the context of UK finance and investment? This includes:

• Bank loans (for example, to expand production, purchase equipment or finance working capital).
• Government programs providing tax breaks, loans and grants (such as the Enterprise Finance Guarantee, Small Business Research Initiative and Innovate UK).
• Private investments.
• Crowdfunding.

Requirements for founders when registering an LTD-type company in England

In Great Britain, there is a list of countries whose residents have the right to register companies, and Ukraine is included in this list. Citizens of other countries cannot use this opportunity.

To open an LTD company in England, the founder must be over 16 years old. Persons who are in bankruptcy cannot be founders, and only a natural person can be appointed as a company director. The minimum amount of authorized capital must be at least 1 pound ($1.23).

Additionally:

• The founder can be an individual or a legal entity and does not have to be a citizen of Great Britain or live in its territory.
• The founder must provide their personal details, including date of birth, full name, nationality, residential address and postal address.
• The founder must indicate his share in the authorized capital of the company and his role in management (director, secretary, shareholder).
• The founder must sign a declaration of consent to be the founder of the company and adhere to its charter and rules.
• The founder also pays the state duty for company registration.

Documents are required for enterprise registration

To register an LTD company in the UK, you need to prepare the following documents:

• Application for registration, containing the name, address, type of activity of the company, the number of shareholders and directors, and the amount of authorized capital.
• Documents confirming the identity of shareholders and directors (passport or ID card).
• A document confirming the physical address of the founder (utility bill, bank statement, lease agreement).
• Three facts to choose from about founders, directors and shareholders (for example, mother's maiden name, year of birth, passport number).
• Information about controlling persons (beneficial owners) and their share of shares, which must be submitted to Companies House within 14 days after registration.

The process of registering an LTD company in England

There are several steps you need to take to register an LTD company in the UK:

• Choosing and checking the name: The company name must be unique and not duplicate already registered names in the UK.
• Determination of authorized capital: This is the minimum amount that must be deposited when registering a company.
• Choice of address: LTD must have a registered address in the UK. This can be the address of the company office or the address of the registrar. In the UK, this is scrutinized. Solving the issue with the address is included in the price of the services of the 4B legal company.
• Preparation of the articles of association: Drafting of documents defining the rights and obligations of shareholders and directors
• Preparation and submission of documents: Submission of all necessary documents to Companies House, the government body responsible for registering companies in the UK.

Legal analysis of the situation

When registering a company in Great Britain, it is important to carry out a legal analysis of the situation to ensure that all stages comply with the requirements of local law. Legal analysis of the process includes checking the necessary documents, such as the authorized capital, legal address and persons controlling the company. A legal audit helps identify potential legal risks and ensure the correctness of documents before submission for registration. Legal analysis of the situation helps to avoid mistakes and ensure compliance with all requirements, which is critically important for the successful registration and operation of the company.