United Kingdom

The UK is one of the most reputable and transparent jurisdictions in the world. The business environment of this country attracts entrepreneurs with its clear rules, access to European and global financial markets, and ease of regulation.

Why the UK for business?

High reputation and transparency of the jurisdiction

Fast and easy registration (up to 5 business days)

Access to international trade markets

Tax benefits for international companies and startups

Flexible corporate legislation (simple ownership structure, minimum requirements)

Access to European banks and Fintech solutions

Content

Who is this jurisdiction suitable for?

IT companies and startups
International trading companies
FinTech projects
Consulting and professional services

Learn about other countries for your business and life

Not sure which country is right for you? Get a free guide – “How to choose a jurisdiction for your business?”

The main criteria for choosing a country
Comparative analysis of 5 countries
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5 risks to consider before registering

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What do you need to know about UK business requirements?

01
Local presence requirements
- Legal address – mandatory, can be a physical or virtual office
- Company shareholders can be non-residents
- Company secretary – optional
02
Legal forms of companies
- Private Limited Company (LTD) – an analog of LLC, suitable for small and medium-sized businesses. The minimum authorized capital is 1 pound
- Limited Liability Partnership (LLP) is a limited liability partnership with no minimum authorized capital requirements. The presence of 2 partners is required
03
Tax conditions
- Corporate tax depends on the company’s profit: 19%-25%
- VAT – 20% (preferential 5%, 0%)
- Dividends paid to non-residents are exempt from taxation
04
Banking services
- Traditional banks require verification of beneficiaries, business model, and sources of funds (KYC and AML). Usually, the personal presence of the director or owner of the company is required for identification
- Payment systems allow you to open an account remotely and offer a simplified verification procedure
05
Annual commitments of the company
- Annual financial and statistical reports (Annual Return) are required. For companies with no active operations, Dormant Accounts are required
- Tax Return and VAT return are required
- Audit is mandatory if any two criteria are met: turnover of more than 10,200,000 pounds per year; value of assets of more than 5,100,000 pounds; more than 50 employees

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FAQ

Is it possible to register a company remotely, without a personal visit?

Yes, registration takes place completely remotely.

How long does it take to register a company the UK?

Registration of a company takes 2 to 3 weeks from the date of receipt of the full set of documents.

What documents are required to register a company the UK?

The list of required documents includes:

3 preferred company names;
description of the areas of work of the future company;
national and foreign passports of each beneficiary, founder and director;
identification code of each beneficiary, founder and director;
confirmation of the registration address of each beneficiary, founder and director (e.g., a utility bill).

Can a citizen of another country open a company the UK?

Yes. A person of any nationality can start a business the UK. No citizenship, residency, or residence in the country is required to register a company.

Do I have to file reports if the company does not conduct business?

Thus, even if a company does not conduct business, it must file zero reports.

Do I need a legal address when registering a company the UK?

Yes, a legal address is required; it can be either a physical address or a virtual address.

Will I be able to get a VAT number after registering my business?

Yes, of course, after registering a company, you can start the procedure for obtaining a VAT number.

United Kingdom

What do you need to know about UK business requirements?

Local presence requirements

Legal forms of companies

Tax conditions

Banking services

Annual commitments of the company

FAQ