Forming an offshore company in the United Kingdom allows one to take advantage of effective regulations within Europe. With 110 bilateral treaties, Britain has one of the best tax treaty networks in the world. Here are a few features if you decided to set up an offshore company in the UK.
- The UK has an extensive global influence culturally, economically, and politically, the effects of which are seen in many countries throughout the world
- It is one of the world’s most globalised economies and is the 4th largest exporter and importer in the world
- There are no exchange controls in the UK
- The United Kingdom is a party to more double tax treaties than any other sovereign state
- Details of beneficial owners are kept confidential
- Tax is based upon residence and location of commercial activities
Offshore Company UK is Ideal for
Commercial Activities
Trading House
Holding Company
International Investment Company
Asset Protection
Software and IT Services
Intellectual Property
Life Sciences
Characteristics of the Offshore Company UK
|
Company Type |
Private Limited Company |
|---|---|
|
Governing Corporate Legislation |
UK Offshore Companies are regulated under the Companies Act 2006, and the UK Companies House is the governing authority. |
|
Legal System |
Common-Law |
|
Minimum paid-up |
GBP 1 |
|
Minimum number of shareholders |
1 |
|
Minimum number of directors |
1 |
|
The requirement of appointing a company secretary |
No |
|
The requirement to prepare accounts |
Yes |
|
The requirement to appoint an auditor |
Yes, but an exception exists for small companies. |
|
The requirement to file an annual return |
Yes |
Offshore Company Registration in Hong Kong
Fill an Application Form
An application form must be filled with company information and personal details for UK offshore company
Upload your Documents
Once the form is filled, submit the company documents according to the corporate entity chosen
Register the Company
For United Kingdom offshore company formation, pay the fees, get the documents approved and if everything is authentic, you will get the Certificate of Registration
Additional Services
Under this step additional services like nominee director, the corporate bank account is taken care of
Company Kit Dispatch
The final step is to receive the company kit which will include all the company documents
Documents Required for Offshore Company Registration in the UK
The documents required to register a business in the UK are mentioned below.
Passport copies of shareholders and directors
Proof of residential address of company directors and shareholders (must be in English or Certified translation version)
Three proposed company name ending with suffix ‘Limited’ or ‘Ltd.’
The capital structure of the company with currency
1. How many directors and shareholders are required to set up an offshore company in the UK?
Minimum one director and one shareholder
2. Is it mandatory to file an annual return for UK offshore company?
Yes
3. Is appointing a corporate secretary mandatory for an offshore company in the United Kingdom?
No
4. Is the information relating to company officers published?
Once the business is registered, the names of company officers will appear on the public record. A register of “people with significant control” has been in force since the 6th April 2016
5. How to register an offshore company in the UK?
Registering an offshore company in the UK is simple and hassle-free. Business Setup Worldwide takes care of your registration process right from suggesting/choosing a trading name to get the business license.