The United Kingdom (UK) is considered an ideal place to incorporate a company due to a combination of favorable legal, economic and financial factors that make it attractive to business owners around the world. The country consistently ranks high in global indices for ease of doing business. The process of setting up a company is simple, quick and can often be completed online.
Manimama ensures a seamless company registration process in the United Kingdom. Trust us to provide expert guidance and support, so your business can thrive from day one in the United Kingdom. Start your journey with confidence, knowing you have the best team by your side.
Legal Opinion about the United Kingdom as a Jurisdiction for Company Formation
Ganna Voievodina
Manimama, CEO
"I have to say that the combination of a user-friendly registration process, a competitive tax regime, international market access, a skilled workforce and a strong legal system makes the UK an appealing jurisdiction for setting up a business. So if you are interested in registering a company in the UK, then please feel free to contact Manimama for support".
Our Packages
Our comprehensive packages simplify the process of setting up the perfect legal entity for your business whether you are a small start-up, a non-profit company, or an international company. Let us guide you through every step, ensuring your business begins on a solid foundation.
Company Formation
- Choosing a company name
- Registered address for 1 year
- Company incorporation on-line or within a notary deal
- Banking account for the shared capital
- Full set of corporate documents after incorporation
Corporate Services
- VAT registration
- Apostille corporate documents
- Accounting
- Local director
Payment Options
- Payment account in EU EMI
- Banking account in EU bank
- Corporate account on a crypto exchange
- Many other options
Key Numbers about the United Kingdom as a Jurisdiction for Company Formation
3 daysaverage term of company formation |
аt least 1shareholder in the company |
аt least 1director in the company |
25%corporate income tax (CIT) rate |
up to 45%personal income tax (PIT) rate |
20%value added tax (VAT) rate |
Set up Your Company in the United Kingdom in Several Steps
Step 1. Initial Setup
- Initiating a preliminary project assessment
- Preparation and filing of the package of documents
Step 2. Company registration
- Choosing a company name
- Decision on directors, shareholders/guarantors, people with significant control (PSC), company secretary (the last one is optional)
- Preparation and providing of the package of documents from a client
- Selection of a Standard Industrial Classification (SIC) code for further activities
- Preparation of corporate documents (when registering a company online, the Memorandum of Association is created automatically as part of the registration; Articles of Association - you can use the model articles, or provide your own version)
- Providing a registered office address
- Submission of a completed online application for registration of a company in Companies House
- Once you have registered with Companies House, you will receive a Certificate of Incorporation
Requirements for Company Formation in the United Kingdom
Before deciding to set up a new company in the United Kingdom, read the information below to understand the characteristics of a Private Сompany Limited by Shares (Ltd by shares):
Shareholders: at least one shareholder, who can be a director. There is no maximum number of shareholders.
Director: at least one director (must be a natural person, can be a shareholder or a secretary).
Company Secretary: is not required. Some companies use them to take on some of the directors’ responsibilities. Thus, the company secretary can be a director. A company secretary does not need any qualifications.
Minimum Share Capital: there are no requirements.
Legal Address: company’s registered office must be situated in England and Wales, Wales, Scotland or Northern Ireland.
Liability: liability of shareholders is limited to the amount, if any, unpaid on the shares held by them.
Accounting: сompany must keep accounting records that include all money received and spent by the company; details of assets owned by the company; debts the company owes or is owed; stock the company owns at the end of the financial year; the stocktakings you used to work out the stock figure; all goods bought and sold; who you bought and sold them to and from (unless you run a retail business). Company must also keep any other financial records, information and calculations it needs to prepare and file its annual accounts and Company Tax Return.
Taxes in the United Kingdom
CIT rates:
- small profits rate - 19% for companies with taxable profits below £50,000 (~ €59,000);
- main rate: 25% for companies with taxable profits above £250,000 (~ €292,000);
- marginal relief - applies to companies with profits between £50,000 (~ €59,000) and £250,000 (~ €292,000), providing a smoother transition to the main rate.
Personal Allowance: the first £12,570 (~ €15,000) of income is tax-free.
PIT rates:
- 20% is the basic rate on income between £12,571 (~ €15,000) and £50,270 (~ €59,000);
- 40% is the higher rate on income between £50,271 (~ €59,000) and £125,140 (~ €146,000);
- 45% additional rate on income above £125,140 (~ €146,000).
The standard VAT rate is 20% on most goods and services.
Reduced VAT rates:
- 5% on some essentials like home energy and children's car seats;
- 0% on items like most food and children's clothes.
Double taxation avoidance agreements in the United Kingdom: Albania, Algeria, Anguilla, Antigua and Barbuda, Argentina, Armenia, Aruba, Australia, Austria, Azerbaijan, Bahamas, Bahrain, Bangladesh, Barbados, Belarus, Belgium, Belize, Bermuda, Bolivia, Bosnia-Herzegovina, Botswana, Brazil, British Virgin Islands, Brunei, Bulgaria, Cameroon, Canada, Cayman Islands, Chile, China, Colombia, Croatia, Cyprus, Czech Republic, Denmark, Dominica, Egypt, Estonia, Ethiopia, Falkland Islands, Faroes, Fiji, Finland, France, Gambia, Georgia, Germany, Ghana, Gibraltar, Greece, Grenada, Guernsey, Guyana, Hong Kong, Hungary, Iceland, India, Indonesia, Iran, Ireland, Isle of Man, Israel, Italy, Ivory Coast, Jamaica, Japan, Jersey, Jordan, Kazakhstan, Kenya, Kiribati, Kosovo, Kuwait, Kyrgyzstan, Latvia, Lebanon, Lesotho, Liberia, Libya, Liechtenstein, Lithuania, Luxembourg, Macao, Macedonia, Malawi, Malaysia, Malta, Marshall Islands, Mauritius, Mexico, Moldova, Monaco, Mongolia, Montenegro, Montserrat, Morocco, Myanmar (Burma), Namibia, Netherlands, Netherlands Antilles (Curacao, Sint Maarten, and BES Islands), New Zealand, Nigeria, Norway, Oman, Pakistan, Panama, Papua New Guinea, Peru, Philippines, Poland, Portugal, Qatar, Romania, Russia, Saint Christopher (Saint Kitts) and Nevis, Saint Vincent and the Grenadines, San Marino, Saudi Arabia, Senegal, Serbia, Sierra Leone, Singapore, Slovak Republic, Slovenia, Solomon Islands, South Africa, South Korea, Spain, Sri Lanka, St Lucia, Sudan, Swaziland, Sweden, Switzerland, Taiwan, Tajikistan, Thailand, Trinidad and Tobago, Tunisia, Turkey, Turkmenistan, Turks and Caicos Islands, Tuvalu, Uganda, Ukraine, United Arab Emirates, Uruguay, USA, Uzbekistan, Venezuela, Vietnam, Zaire, Zambia, Zimbabwe.
Start Your Company Formation Process with Manimama
There are numerous reasons why Manimama is the leading company formation agent in the United Kingdom:
Expertise in the UK Regulations
- 1. Manimama has an in-depth understanding of the UK legal and regulatory framework.
- 2. Our team ensures all legal requirements are meticulously met for a seamless company formation process.
Local and International Experience
- 1. With extensive experience in both local and international markets, Manimama can cater to a diverse range of business needs.
- 2. Our expertise spans various industries, providing customized solutions for each client.
Efficient and Timely Service
- 1. We pride ourselves on our swift turnaround times, ensuring your company is registered promptly.
- 2. Our efficient processes minimize delays and get your business up and running quickly.
Client-Centric Approach
- 1. Manimama prioritizes customer satisfaction by offering personalized support and guidance.
- 2. Our dedicated team is always available to address any concerns and provide expert advice.
Robust Network of Local Partners
- 1. We have established strong relationships with local authorities, banks, and service providers.
- 2. This network ensures that your business receives the best possible support and resources.
Ongoing Compliance Support
- 1. We provide continuous support to ensure your business remains compliant with the UK laws.
- 2. Our team keeps you updated on any regulatory changes that may impact your company.
Frequently Asked Questions
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What is the most popular type of company in the UK?The most popular type of companies in the UK is Private Сompanies Limited by Shares.
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What is the minimum share capital required to form a company in the UK?There is no minimum share capital requirement for Private Сompanies Limited by Shares.
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Can a foreign national form a company in the UK?Yes, there are no restrictions on foreign nationals forming or owning a company in the UK.
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What is Companies House?Companies House is the UK government agency responsible for registering and maintaining information about companies.
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Do I need a registered office address in the UK?Yes, every company must have a registered office address in the UK, which will be publicly available.
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What are the annual filing requirements for a UK company?Companies must file annual accounts and a confirmation statement with Companies House, and a corporation tax return with HMRC.
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What is the corporate tax rate for companies in the UK?The standard corporation tax rate is 25%.
Client Feedbacks
"I loved how Manimama put our business needs first. Their client-focused approach made the whole process feel collaborative".
"Manimama was efficient and avoided unnecessary costs. I was impressed by their commitment to value".
"Manimama had the expertise to guide us confidently".
Manimama as the Best Solution for Your Company Formation in the United Kingdom
By choosing our company formation service in the United Kingdom, you are partnering with a law firm that values integrity, expertise, and client satisfaction. Let us help you set up your company in the United Kingdom and pave the way for your business success.
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The content of this article is intended to provide a general guide to the subject matter, not to be considered as a legal consultation.