The UK is one of the most straightforward and flexible jurisdictions to form an offshore company. Company formation in the UK is very easy thanks to its Common Law legal system and low management fees. Having 110 bilateral treaties, the United Kingdom has one of the best tax treaty network in the world.
The advantage of choosing United Kingdom to incorporate your company is that for offshore entities, corporate income tax can be reduced up to 3% or 4% and VAT does not apply.
The LTD (Limited Company) is the most popular type of company in UK. When choosing this type of entity you are able transfer shares or bring in other investors or shareholders compared to a PLC (Public Limited Company) which is a company with a single partner and shareholder.
- As part of our company’s due diligence you will have to send us a proof of identity in the form of a passport copy for all directors and shareholders of the company.
- A name check has to be performed to ensure the chosen name is both available and in compliance with Companies House requirements.
- Starting Offshore will be filing the Memorandum and Articles of Association
together with one set of originals of all standard corporate documents
- You will receive your Certificate of Incorporation confirming the existence of your company as well as a fully completed set of incorporation documents.
The entire process can be usually carried out within a day or two.