England - LTD
Main characteristics of the England Private Limited Company
General
|
Type of company
|
LTD
|
|
Disclosure of Beneficial Ownership to Government Authorities
|
No
|
|
Tax on Profits
|
21% to 28%
|
|
Corporate Legislation
|
Companies Act 2006
|
Corporate
|
Min. No. of Shareholders
|
1
|
|
Min. No. of Directors
|
1
|
|
Min. Share Capital
|
UK£ 1.00
|
|
Corporate Directors Allowed
|
Yes
|
|
Nominee directors allowed
|
Yes
|
|
Nominee shareholders allowed
|
Yes
|
|
Company Secretary Required
|
Optional
|
|
Standard Authorised Share Capital
|
UK£ 1000.00
|
|
Bearer Shares Allowed
|
No
|
Local
|
Local Registered Office
|
Yes
|
|
Local Registered Agent
|
Optional
|
|
Local Company Secretary
|
No
|
|
Local Directors
|
No
|
|
Local Shareholders
|
No
|
|
Local Meetings
|
No
|
|
Government Register of Directors
|
Yes
|
|
Government Register of Shareholders
|
Yes
|
Annual
|
Annual Return
|
Yes
|
|
Annual Accounts
|
Yes
|
|
Tax Return
|
Yes
|
Restrictions
- Can not do banking, insurance without special license.
- Naming Restrictions – In line with global norms, prohibited words include, for example “Bank” and “Building Society”, and the registry has discretion to reject names that are indecent, offensive or misleading.
Advantages of using England LTD
- Fast incorporation procedures and simple ongoing administration.
- Reasonable formation and maintenance fees.
- Confidentiality.
- England LTD’s may engage in any lawful business in any country and may carry on transactions in whatever currencies they choose.
- Shareholders can be either corporate entities or natural persons, residents of any country
- At least one director must be a natural person, residents of any country (from 1 October 2008).