
Incorporate in the United Kingdom (UK)
Set up a UK Limited Company
The UK Private limited company is a well-recognized and reputable business structure incorporated in one of the major international financial and trade centers worldwide with a long proven track record of fiscal and legislative stability.
Corporate taxes in the UK are considerably reasonable (19%) compared with other European jurisdictions.
UK Limited companies also benefit from an ideal environment and a mature finance market for entrepreneurs and startups to seek funding, attract investors, gain access to high-skilled employees and high-quality business services.
In addition, incorporating in the UK provides a broad range of payment processing services and access to merchant accounts.
Private companies limited by shares in the UK enjoy a fast and cost-effective registration procedure and simple ongoing compliance requirements.
UK Limited companies are excellent vehicles as holding companies, taking advantage of the over 100 tax treaties that the UK has concluded, tax-exemption on capital gains on the sale of shares that fulfills certain conditions, tax exemption on dividends received from both local and foreign sources and no withholding tax on dividends paid to non-residents.
All in all, UK private limited companies enjoy high reputation and are excellent vehicles to conduct international commercial activities, as a holding company, IP business, investment company, access to payment processing services and merchant accounts and for startups seeking financing.
Set up a UK LLP
Companies incorporated under the Limited Liability Partnership Act are hybrid entities that provide to its members the flexibility of a partnership arrangement and limit liability to the capital contributed by each member.
An LLP requires minimal corporate formation requirements and a fast registration procedure. There are no company structure requirements for the management of an LLP, nor are there provisions for company meetings, directors, secretary, or capital.
UK LLPs are fiscal transparent entities, all profit received by the LLP is considered to be transferred to its members and taxed at the personal level. Members pay personal income taxes on LLP profits proportionally to their share of participation in the LLP company, whether distributed or not.
This means that an LLP is not seen as a separate entity for taxation purposes, and therefore if its members are non-UK tax residents they will only be required to pay taxes in the UK on income sourced from the UK.
An LLP must be set up by a minimum of two members, and although they are tax neutral entities, there are certain compliance requirements, including submitting annually financial statements to the UK Companies House and Partnership Tax return to the HMRC (Her Majesty Revenue & Customs).
If the LLP accrues more than GBP 81,000 that is derived from local earnings, then it must register for the UK VAT.
All in all, a UK LLP is a flexible structure that benefits from being incorporated in a reputable jurisdiction and international financial and trade center, while being a potentially tax-free entity. UK LLPs are powerful vehicles commonly used to provide international professional services, conduct international trading, e-commerce, Amazon FBA and as a payment processing subsidiary.
Learn more about setting up a UK Company:
In the United Kingdom, the two most common corporate structures are the private limited company (LTD), incorporated in England and Wales under the Companies Act 2006, and the Limited Liability Partnership (LLP), registered in England and Wales under the Limited Liability Partnerships Act 2000.
Note that our incorporation and annual corporate service fees are “all-included fees”, and cover all the required services to incorporate a UK Company, and keep it in good standing, as well as government fees and duties, disbursements such as courier fees.
UK Company (LTD, LLP, England and Wales) Formation and First-Year Fees – USD 1,750.00 (All Included)
Private Limited Company (LTD.)
- All Applicable Companies House Fees
- Preparing and filing the Memorandum of Association, Constitution and Articles of Association with the Companies House
- Providing the Certificate of Incorporation and filed Memorandum and Constitution with the Companies House
- Preparing the First Board Resolutions resolving the appointment of Directors, allotment of Shares, Registered Office and other corporate matters.
- Preparing the Confirmation Statement, Minute Book of the Company and Statutory Registers, including Register of Mortgages and Charges, Register of Debentures, Register of Sealings or Executions, Register of Members, Register of Directors, Register of Persons with Significant Control
- Filing Statutory Registers with the Companies House
- Preparing the Shares Certificates
- Providing Registered Office Services, including a business address in Central London, for one year
- Providing Secretarial Services for one year
- Preparing Certified True Copies of Corporate Documents
- Delivery of Certified True Copies of Corporate Documents via Courier, inclusive of Courier Fees
Limited Liability Partnership (LLP)
- All Applicable Companies House Fees
- Preparing and filing the Incorporation Document with the Companies House
- Providing the Certificate of Incorporation and filed Incorporation Document with the Companies House
- Preparing the Limited Liability Partnership Agreement, with unlimited reviews
- Preparing the Confirmation Statement, Minute Book of the Company and Statutory Registers, including Register of Mortgages and Charges, Register of Debentures, Register of Sealings or Executions, Register of Members, Register of Persons with Significant Control
- Filing Statutory Registers with the Companies House
- Providing Registered Office Services, including a business address in Central London, for one year
- Providing Secretarial Services for one year
- Preparing Certified True Copies of Corporate Documents
- Delivery of Certified True Copies of Corporate Documents via Courier, inclusive of Courier Fees
Time to form the Company
It generally takes us 1-2 days to prepare the constitutional documents of the company and related corporate documentation and file them with the Companies House. At that point, the certificates are generally released within the same day or the following business day.
Bank Account Opening Services (Optional)
We assist you in opening a bank account for the Company in United Kingdom.
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United Kingdom Bank Account - USD $ 1,200.00United Kingdom Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsHSBCN/AYesMulticurrencyNoCompanies must have business presence in the UK in the form of resident directors, offices and/or employees.
Note that we can also open overseas bank accounts for United Kingdom companies in the following offshore jurisdictions:
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Antigua Bank Account - USD $ 300.00Antigua Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsGlobal Bank of CommerceUSD 25,000YesUSD, EUR, GBPYesDBankUSD 10,000YesUSD, EURYesNorth International BankUSD 5,000YesUSD, EURYes
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Bahamas Bank Account - USD $ 500.00Bahamas Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsDeltecUSD 1,000,000NoMulticurrencyYesEFG BankUSD 1,000,000NoMulticurrencyYesCapital Union BankUSD 1,000,000NoUSDYesHigh Turnover Individuals, Family Offices, Fund Managers and Asset Managers only
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Belize Bank Account - USD $ 300.00Belize Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsCaye BankUSD 1,000YesUSD, EUR, GBP, CAD, CHF, AUD, AED, CNY, SEK, NOKYesHeritage BankUSD 3,000YesMulticurrencyYesBelize Bank InternationalUSD 4,000NoEUR, GBP, USDYes
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BVI Bank Account - USD $ 900.00BVI Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsVP BankUSD 250,000NoMulticurrencyYesBank of AsiaUSD 20,000NoUSD, GBP, HKDYes
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Cayman Islands Bank Account - USD $ 700.00Cayman Islands Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsCayman National BankUSD 100,000YesUSD, EUR, GBP, CAD, AUD, JPY, SEK, CHFYesNCB Cayman LimitedUSD 100,000YesUSD, EUR, CAD, GBPYes
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Cook Islands Bank Account - USD $ 600.00Cook Islands Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsCapital Security BankUSD 20,000YesUSD, EUR, GBP, CAD, NZD, AUD, SGD, HKDYesClients can have a corporate account for operational purposes only if they open an investment account as well.
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Curaçao Bank Account - USD $ 500.00Curaçao Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsExprinter International Bank N.V.USD 100,000YesMulticurrencyYes
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Dominica Bank Account - USD $ 300.00Dominica Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsEqiBankUSD 15,000YesUSD, EUR, GBPYesKingdom BankN/ANoEUR, USDYesSWIFT transactions are carried out only through a pool account in the name of the bank.
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EMI Bank Account - USD $ 300.00EMI Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsUK EMI AccountN/ANoEUR, GBPYesLT EMI AccountN/ANoMulticurrencyYesMT EMI AccountN/ANoEURYesCA EMI AccountN/ANoEURYesKZ EMI AccountDepending on category.NoMulticurrencyYesHK EMI AccountN/ANoUSD, EUR, GBP, HKDYesCurrently, the Neat account is available for businesses incorporated in Hong Kong, Australia, BVI, Cayman Islands and New Zealand only.IE EMI AccountN/ANoEUR, MulticurrencyYesSingapore EMI AccountN/AYesSGD, USDYesOnly companies incorporated in APAC jurisdictions.
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Gibraltar Bank Account - USD $ 1,200.00Gibraltar Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsTuricum Private BankUSD 200,000NoUSD, EUR, GBPYesMoneycorp Bank Limitedcase-by-caseNoMulticurrencyYes
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Hong Kong Bank Account - USD $ 2,000.00Hong Kong Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsDBS BankHKD 200,000YesHKD, USD, MulticurrencyYesA business nexus in Hong Kong is strictly required, in the form of clients, suppliers, employees or other counterparties.
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Isle of Man Bank Account - USD $ 1,200.00Isle of Man Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsCapital International BankN/ANoUSD, EUR, GBPYes
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Labuan Bank Account - USD $ 500.00Labuan Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank IslamUSD 10,000NoUSD, JPY, SGD, EUR, GBPYesMayBank International Labuan BranchUSD 25,000NoUSD, EUR, CAD, CHF, GBP, HKD, SGD, JPY, THB, AEDYesCitibankUSD 250,000NoMulticurrencyYes
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Liechtenstein Bank Account - USD $ 1,200.00Liechtenstein Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsAlpinumCHF 250,000NoMulticurrencyYesCompanies conducting commercial activities (as opposed to only holding assets) must have a physical presence in the form of offices and employees in the country where it is incorporated or tax resident.Bendura BankUSD 500,000NoMulticurrencyYes
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Luxembourg Bank Account - USD $ 1,200.00Luxembourg Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsEast West United BankN/AYesUSD, EUR, GBP, RUB, CHFYesCompanies conducting commercial activities are expected to conduct at least 30 incoming / outgoing transactions per month.
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Mauritius Bank Account - USD $ 600.00Mauritius Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank OneUSD 25,000YesMulticurrencyYesCompanies must have some form of business connection to Africa in the form of clients, suppliers or investments.InvestecUSD 50,000YesMulticurrencyYes
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Panama Bank Account - USD $ 1,200.00Panama Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsMMG BankUSD 10,000YesUSD, EUR, CHF, GBP, CADYesCredicorpUSD 50,000YesUSD, EURYesCapital BankUSD 20,000YesUSDYes
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Puerto Rico Bank Account - USD $ 300.00Puerto Rico Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsFV BankCase by caseYesUSDYesStrategic BankUSD 100,000NoUSDYesArival BankN/ANoUSDYesCB International Bank LLCN/ANoMulticurrencyYes
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Saint Lucia Bank Account - USD $ 300.00Saint Lucia Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsPROVEN BANK (Former BOSLIL)USD 5,000YesUSD, EUR, GBP, HKDYes
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Seychelles Bank Account - USD $ 500.00Seychelles Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsAl SalamUSD 25,000YesUSDYes
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Singapore Bank Account - USD $ 900.00Singapore Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsOCBC BankUSD 30,000YesUSD, SGD, AUD, CAD, HKD, NZD, GBP, EUR, JPY, CHFYesNexus in the form of client/supplier/partner/contractor in Singapore required.RHBSGD/USD 30,000NoMulticurrencyYesNexus in the form of client/supplier/partner/contractor in Singapore required.DBS BankSGD 250,000YesMulticurrencyYesNexus in the form of client/supplier/partner/contractor in Singapore required.UOB BankSGD 350,000YesMulticurrencyYesNexus in the form of client/supplier/partner/contractor in Singapore required.Credit SuisseUSD 3,000,000NoUSD, SGDYesBank of ChinaSGD 100,000NoUSD, SGD, EUR, GBP, NZD, RMB, AUD, JPY, HKD, CHF, CADYesNexus in the form of client/supplier/partner/contractor in Singapore required.
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Switzerland Bank Account - USD $ 1,200.00Switzerland Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsCIM BanqueUSD 10,000YesMulticurrencyYesCompanies must have a business presence in the country where they are incorporated or tax resident in the form of offices and/or employees.mbaerCHF 5,000NoMulticurrencyYesCompanies must have an expected turnover of at least CHF 3,000,000SygnumCHF 3,000,000NoMulticurrencyYesDeposit must be maintained in crypto assets held through the bank's custody services.Credit SuisseCHF 1,000,000YesMulticurrencyYes
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USA Bank Account - USD $ 1,400.00USA Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsUSA Bank AccountN/A (USD 250,000 preferred)NoUSDYesUSA Bank AccountTypically USD 25,000 - USD 50,000, for high right 500,000YesUSDYesAt least one US based signatory is required. Purpose to open an account in US is required.
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Vanuatu Bank Account - USD $ 500.00Vanuatu Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsPacific Private BankUSD 1,500NoEUR, GBP, USDYesOutgoing USD transactions cannot be facilitated.
Note that we can also assist the client with opening Electronic Money Institutions Accounts in the EEA at no additional cost.
Our bank account opening service is not just a mere introduction to the bank. We assist you in filling out the business plan forms appropriately and help you understand and provide business details, commercial information, and purpose/use of the bank account that a given bank wants to know in order to approve your account application.
Banks want certainty and clarity on how the account will be used. Everything must be watertight. We will work with you to make sure there is minimal ‘back and forth’ and a smooth account opening process.
UK Company Annual Fees – USD 1,600.00 (payable one year after incorporation, and annually thereafter)
- Providing Registered Office Services, including a business address in Central London, for one year
- Providing Secretarial Services for one year
- Preparing and Submitting the Annual Return to the Companies House
- All Applicable Companies House Fees
Other Services (Optional)
- Local Directorship Services
- Full Accounting and Book-keeping Services
- Tax Services
- Registration of Limited Partnerships (Scotland and/or England and Wales)
- FCA-licensing for Payment/Electronic Money Institutions and Investment Businesses
Please, contact us for further information.