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Company Incorporation in United Kingdom | Key Points to Note

Primary Requirement for a Private Limited Company in UK

  • Atleast 1 Director and shareholder. AOA may authorise for higher min. number.
  • No Minimum paid up cpaital 1 GBP. No Maximum cap.
  • Shareholder may be resident or non resident. Minimum 1 Shareholder.
  • No statutory oblication to appoint Company Secretary

Why United Kingdom is best choice for Business?

The UK is a flexible and business-minded location, historically recognised as a well-established and reputable authority to conduct business. Its open marketplace and diversified economy present opportunities for investors to get into a domestic market and to use the location as a gateway into the rest of the world.

The UK is now ranked seven among 190 economies worldwide around the World Bank's'Ease of Doing Business' poll, which stated:"The UK is a good place to do business as it's straightforward and very affordable to begin a new small business. The tax burden on small and medium size businesses is low and easy to comply with, the process of exporting and importing is simple, and commercial courts are extremely efficient."

The most common structure used for international trading is that a private company limited by shares. Such company may participate in just about any lawful business, but have to obtain licenses for several controlled activities such as insurance, banking, money lending, or investment information.

The UK does not impose restrictions on foreign ownership or management of companies. It is thus feasible to start a company in the UK for a non-resident. You will not even be asked to pay a visit to the UK to integrate your business and can take action from India.

We provide business formations in London and our staff, proficient in business formation, international taxation, accounting and immigration solutions, will be pleased to guide you through the process and requirements.

What is Register of People with Significant Control (PSC)

In March 2015, the Companies Act 2006 was organised by the Small Business, Enterprise and Employment Act, which introduced the register of people with significant management -- PSC enroll. The new legislation demanded UK companies and LLPs to maintain PSC registers starting from 6 April 2016.

  • A person with significant control (PSC) of the company is an individual who meets one or more of the following conditions:
  • An individual who holds more than 25% of shares in the company;
  • An individual who holds more than 25% of voting rights in the company;
  • An individual who holds the right to appoint or remove the majority of the board of directors of the company;
  • An individual who has the right to exercise, or actually exercises, significant influence or control over the company;