The United Kingdom – Company Opening and Accounting

Starting your own company in the UK is an opportunity to enter the international market in one of the most prestigious jurisdictions in the world.

BENEFITS OF WORKING IN THE UK

So, what makes the UK attractive for businesses?

The British legislation is very conducive to doing business.

Favorable taxation with the possibility of obtaining various benefits.

There are double taxation treaties with many countries, including Ukraine.

A developed economy and its stability.

Lack of strict currency monitoring.

Reliable legal system.

Ability to register a company remotely and manage it through nominees.

Investment protection.

There are no requirements for the minimum authorized capital of the company.

Quite low interest rates on loans.

The ability to trade with the American and European markets.

Foreign entrepreneurs have the same rights as British entrepreneurs.

Possible Forms of Company Registration in the UK

Individual entrepreneur.

A branch of a foreign company.

Private company limited by shares (LTD).

English limited liability partnership (LLP).

English limited partnership (LP).

Scottish limited partnership (LP).

Public limited company (PLC).

Private company limited by guarantee.

Private unlimited company.

The most popular and recommended option is LTD

LTD (Private company limited by shares) combines LLC and JSC’s characteristics. Among its advantages is the possibility of registering as one or more participants for any business (of course, within the law :)). There is also a difference between these types of companies. Unlike LLCs, the financial liability of each owner is limited not by the amount of the contribution to the authorized capital, but by the value of the unpaid shares, which automatically makes you a shareholder with a certain number of shares in the company.

Phoenix International Finance allows you to open your company in the United Kingdom and maintain accounting, HR, and tax records.

Opening a Company in the UK