Governing corporate law
LLP Companies in the UK are regulated by the Limited Liability Partnerships Act 2000
Information about company officials has been published
Once the company is registered, the names of the officers of the company will become publicly available. The register of “persons with significant control” has been in effect since April 6, 2016.
Accounting requirements
The financial report is submitted annually, our company prepares reports and this will not be a problem for the client, please familiarize yourself with this service – Preparation of an English company report
Taxation
LLP is not a corporate tax payer; each of the company’s partners bears the tax burden personally. – In the event that an LLP is incorporated by individuals, the individual is obliged to pay income tax in the country where he is a tax resident.
– If an LLP is incorporated by a legal entity, it is obliged to pay corporate tax in the country where it is tax resident.
Time to shape
The UK has a fast and efficient registry. Company registration can be completed electronically during the day.
Stability
A very stable jurisdiction with an excellent reputation.
Communication
Good communications.
Timezone
Convenient time zone (GMT).
Paid-in capital requirements
Minimum share capital: £ 1.
Renewal date
Anniversary day of the company / Every year
The basis of the legal system
By common law.
Minimum number of directors / shareholders
Minimum 1 director and 1 shareholder.
Bearer shares
Bearer shares are not permitted.
Additional facts
A UK company can act as an agent for a foreign company / also known as a UK agency structure.