UK
UK Private Limited Company
UK companies are registered under the Companies Act 1985, Companies Act 1989 and Companies Act 2006.
Name - An application is filed with Companies House and such name should not be similar to any already existing company.
Type of company - The most common type of company registered is a Limited Company (Ltd).
Taxation - The taxation rate ranges between 21% - 28% if the company receives funds from within the UK.
Registered office - It must be situated in the United Kingdom.
Members/Shareholders - The minimum number is one.
Public records - The records maintained at Companies House are open to the public.
Directors - The minimum number is one.
Secretary - It is obligatory to appoint a Secretary.
Share capital - The minimum amount is GBP 1.00.
Annual Return Filing - There is an obligation to file the annual return with Companies House.
Financial Statements - There is an obligation to prepare and file audited financial statements annually with the Tax Authorities.
UK Limited Liability Partnership (LLP)
Limited Liability Partnerships are registered under the Limited Liability Partnership Act 2000.
Name - The application is examined by the Companies House and it should not be similar to any already existing Partnership.
Taxation - The partnership not liable to taxation but taxation shall be paid by the partners separately on any profits or gains received.
Registered office - It must be situated in the United Kingdom.
Members/Partners - The minimum number is two.
Annual Return Filing - There is an obligation to file the annual return with Companies House.
Financial Statements - There is an obligation to prepare and file audited financial statements annually with the Tax Authorities.
Manager - The minimum number is one.
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