set up a company in the uk united kingdom england

Incorporate in the United Kingdom (UK)

$1,750.00

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.

  • United Kingdom Bank Account - USD $ 1,200.00
    United Kingdom Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    HSBC
    N/A
    Yes
    Multicurrency
    No
    Companies 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:

  • Antigua Bank Account - USD $ 300.00
    Antigua Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Global Bank of Commerce
    USD 25,000
    Yes
    USD, EUR, GBP
    Yes
    DBank
    USD 10,000
    Yes
    USD, EUR
    Yes
    North International Bank
    USD 5,000
    Yes
    USD, EUR
    Yes
  • Bahamas Bank Account - USD $ 500.00
    Bahamas Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Deltec
    USD 1,000,000
    No
    Multicurrency
    Yes
    EFG Bank
    USD 1,000,000
    No
    Multicurrency
    Yes
    Capital Union Bank
    USD 1,000,000
    No
    USD
    Yes
    High Turnover Individuals, Family Offices, Fund Managers and Asset Managers only
  • Belize Bank Account - USD $ 300.00
    Belize Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Caye Bank
    USD 1,000
    Yes
    USD, EUR, GBP, CAD, CHF, AUD, AED, CNY, SEK, NOK
    Yes
    Heritage Bank
    USD 3,000
    Yes
    Multicurrency
    Yes
    Belize Bank International
    USD 4,000
    No
    EUR, GBP, USD
    Yes
  • BVI Bank Account - USD $ 900.00
    BVI Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    VP Bank
    USD 250,000
    No
    Multicurrency
    Yes
    Bank of Asia
    USD 20,000
    No
    USD, GBP, HKD
    Yes
  • Cayman Islands Bank Account - USD $ 700.00
    Cayman Islands Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Cayman National Bank
    USD 100,000
    Yes
    USD, EUR, GBP, CAD, AUD, JPY, SEK, CHF
    Yes
    NCB Cayman Limited
    USD 100,000
    Yes
    USD, EUR, CAD, GBP
    Yes
  • Cook Islands Bank Account - USD $ 600.00
    Cook Islands Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Capital Security Bank
    USD 20,000
    Yes
    USD, EUR, GBP, CAD, NZD, AUD, SGD, HKD
    Yes
    Clients can have a corporate account for operational purposes only if they open an investment account as well.
  • Curaçao Bank Account - USD $ 500.00
    Curaçao Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Exprinter International Bank N.V.
    USD 100,000
    Yes
    Multicurrency
    Yes
  • Dominica Bank Account - USD $ 300.00
    Dominica Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    EqiBank
    USD 15,000
    Yes
    USD, EUR, GBP
    Yes
    Kingdom Bank
    N/A
    No
    EUR, USD
    Yes
    SWIFT transactions are carried out only through a pool account in the name of the bank.
  • EMI Bank Account - USD $ 300.00
    EMI Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    UK EMI Account
    N/A
    No
    EUR, GBP
    Yes
    LT EMI Account
    N/A
    No
    Multicurrency
    Yes
    MT EMI Account
    N/A
    No
    EUR
    Yes
    CA EMI Account
    N/A
    No
    EUR
    Yes
    KZ EMI Account
    Depending on category.
    No
    Multicurrency
    Yes
    HK EMI Account
    N/A
    No
    USD, EUR, GBP, HKD
    Yes
    Currently, the Neat account is available for businesses incorporated in Hong Kong, Australia, BVI, Cayman Islands and New Zealand only.
    IE EMI Account
    N/A
    No
    EUR, Multicurrency
    Yes
    Singapore EMI Account
    N/A
    Yes
    SGD, USD
    Yes
    Only companies incorporated in APAC jurisdictions.
  • Gibraltar Bank Account - USD $ 1,200.00
    Gibraltar Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Turicum Private Bank
    USD 200,000
    No
    USD, EUR, GBP
    Yes
    Moneycorp Bank Limited
    case-by-case
    No
    Multicurrency
    Yes
  • Hong Kong Bank Account - USD $ 2,000.00
    Hong Kong Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    DBS Bank
    HKD 200,000
    Yes
    HKD, USD, Multicurrency
    Yes
    A business nexus in Hong Kong is strictly required, in the form of clients, suppliers, employees or other counterparties.
  • Isle of Man Bank Account - USD $ 1,200.00
    Isle of Man Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Capital International Bank
    N/A
    No
    USD, EUR, GBP
    Yes
  • Labuan Bank Account - USD $ 500.00
    Labuan Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Bank Islam
    USD 10,000
    No
    USD, JPY, SGD, EUR, GBP
    Yes
    MayBank International Labuan Branch
    USD 25,000
    No
    USD, EUR, CAD, CHF, GBP, HKD, SGD, JPY, THB, AED
    Yes
    Citibank
    USD 250,000
    No
    Multicurrency
    Yes
  • Liechtenstein Bank Account - USD $ 1,200.00
    Liechtenstein Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Alpinum
    CHF 250,000
    No
    Multicurrency
    Yes
    Companies 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 Bank
    USD 500,000
    No
    Multicurrency
    Yes
  • Luxembourg Bank Account - USD $ 1,200.00
    Luxembourg Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    East West United Bank
    N/A
    Yes
    USD, EUR, GBP, RUB, CHF
    Yes
    Companies conducting commercial activities are expected to conduct at least 30 incoming / outgoing transactions per month.
  • Mauritius Bank Account - USD $ 600.00
    Mauritius Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Bank One
    USD 25,000
    Yes
    Multicurrency
    Yes
    Companies must have some form of business connection to Africa in the form of clients, suppliers or investments.
    Investec
    USD 50,000
    Yes
    Multicurrency
    Yes
  • Panama Bank Account - USD $ 1,200.00
    Panama Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    MMG Bank
    USD 10,000
    Yes
    USD, EUR, CHF, GBP, CAD
    Yes
    Credicorp
    USD 50,000
    Yes
    USD, EUR
    Yes
    Capital Bank
    USD 20,000
    Yes
    USD
    Yes
  • Puerto Rico Bank Account - USD $ 300.00
    Puerto Rico Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    FV Bank
    Case by case
    Yes
    USD
    Yes
    Strategic Bank
    USD 100,000
    No
    USD
    Yes
    Arival Bank
    N/A
    No
    USD
    Yes
    CB International Bank LLC
    N/A
    No
    Multicurrency
    Yes
  • Saint Lucia Bank Account - USD $ 300.00
    Saint Lucia Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    PROVEN BANK (Former BOSLIL)
    USD 5,000
    Yes
    USD, EUR, GBP, HKD
    Yes
  • Seychelles Bank Account - USD $ 500.00
    Seychelles Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Al Salam
    USD 25,000
    Yes
    USD
    Yes
  • Singapore Bank Account - USD $ 900.00
    Singapore Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    OCBC Bank
    USD 30,000
    Yes
    USD, SGD, AUD, CAD, HKD, NZD, GBP, EUR, JPY, CHF
    Yes
    Nexus in the form of client/supplier/partner/contractor in Singapore required.
    RHB
    SGD/USD 30,000
    No
    Multicurrency
    Yes
    Nexus in the form of client/supplier/partner/contractor in Singapore required.
    DBS Bank
    SGD 250,000
    Yes
    Multicurrency
    Yes
    Nexus in the form of client/supplier/partner/contractor in Singapore required.
    UOB Bank
    SGD 350,000
    Yes
    Multicurrency
    Yes
    Nexus in the form of client/supplier/partner/contractor in Singapore required.
    Credit Suisse
    USD 3,000,000
    No
    USD, SGD
    Yes
    Bank of China
    SGD 100,000
    No
    USD, SGD, EUR, GBP, NZD, RMB, AUD, JPY, HKD, CHF, CAD
    Yes
    Nexus in the form of client/supplier/partner/contractor in Singapore required.
  • Switzerland Bank Account - USD $ 1,200.00
    Switzerland Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    CIM Banque
    USD 10,000
    Yes
    Multicurrency
    Yes
    Companies must have a business presence in the country where they are incorporated or tax resident in the form of offices and/or employees.
    mbaer
    CHF 5,000
    No
    Multicurrency
    Yes
    Companies must have an expected turnover of at least CHF 3,000,000
    Sygnum
    CHF 3,000,000
    No
    Multicurrency
    Yes
    Deposit must be maintained in crypto assets held through the bank's custody services.
    Credit Suisse
    CHF 1,000,000
    Yes
    Multicurrency
    Yes
  • USA Bank Account - USD $ 1,400.00
    USA Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    USA Bank Account
    N/A (USD 250,000 preferred)
    No
    USD
    Yes
    USA Bank Account
    Typically USD 25,000 - USD 50,000, for high right 500,000
    Yes
    USD
    Yes
    At least one US based signatory is required. Purpose to open an account in US is required.
  • Vanuatu Bank Account - USD $ 500.00
    Vanuatu Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Pacific Private Bank
    USD 1,500
    No
    EUR, GBP, USD
    Yes
    Outgoing 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.

SKU: INC-BV-001-3-1 Category:
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