We salute our Soldiers, contributing 5% of profits to Bharat Ke Veer.
CorpAcumen Global
Schedule Meeting

Setup Business outside India

United Kingdom

Overview

Being a part of world's largest economy i.e. United Kingdom is a matter of self -prestige. Apart from being a developed nation and a super power, it has prospective business relationships with other countries because of its growing economy and vast scope in enhancing capital investments. USA itself encourages foreign nationals to setup their business in the country.The most preferred Kingdom for registering business in USA are Nevada, Delaware and Wyoming.

Benefits of setting up in United Kingdom
  • Quick and simple registration process
  • Lesser compliances
  • Easy bank operations
  • Reputable jurisdiction
  • Dividends paid to US companies are generally exempt
  • Massive infrastructure improvement
  • Lowest corporate tax

Types of entities in United Kingdom

Private Limited Company
  • UK provides setting up a Private Limited Company with only 1 shareholder and 1 director; both can be non-residents and a minimum capital contribution of £1.
  • Such company is required to have a registered office and shall file audited financial statements with Companies House.
  • Those who prefer to undertake trading of goods or services generally prefer LLC.
Public Limited Company
  • UK provides setting up a Public Limited Company, where an intention to raise public funds arises.
  • Such company requires having a minimum capital of £50,000, 2 shareholder, 2 directors (may be foreigners) and a qualified company secretary.
  • Such company is required to have a registered office and shall file audited financial statements with Companies House.
LLP
  • LLP in UK has a fexibility of partnership but a benefit of having a separate legal identity, exempts its partners from personal liabilities. Also, no minimum capital is required to be contributed in a LLP.
  • It requires to have only one corporate shareholder, one resident agent, a registered office and no minimum share capitalMinimum two partners are required in a LLP, who can be individuals or corporates and one manager. Further, the LLP Agreement governs the rights and obligations of partners.
  • Minimum two partners are required in a LLP, who can be individuals or corporates and one manager. Further, the LLP Agreement governs the rights and obligations of partners.
Branch office
  • A branch office can be setup in UK by a foreign entity as its extension and it requires having one resident manager and no minimum capital is specified;
  • It is taxable as a corporation under the UK laws and makes necessary compliances with the authorities.
Representative Office
  • A representative office can be setup by a foreign company to assess and research business opportunities in UK but it requires registering with Companies House.
  • It requires to have one resident representative but does not require any minimum share capital.;
Comparison of entities in United Kingdom
Private Limited Company Public Limited Company LLP Branch office Representative Office
Legal Status Separate Legal Entity Separate Legal Entity Separate Legal Entity No separate identity No separate identity
Limited Liability Yes Yes Yes No No
Minimum Capital £1 £50,000 None None None
Limit of shareholders/ partners Minimum 1 Minimum 2 Minimum 2 partners Parent Company Parent Company
Requirement of Director/ Manager Minimum 1 Minimum 2 Minimum 1 1 Resident Agent 1 Resident Representative
Requirement of Company Secretary N.A 1 Company Secretary N.A N.A N.A
Registered Office Address Mandatory Mandatory Mandatory Mandatory Mandatory
Opening of Bank Account Mandatory Mandatory Mandatory Mandatory Mandatory

Services offered by CorpAcumen Global

We at CorpAcumen Global assist you in identifying best suitable entity considering the goals of your businessand thereafter initiate the setting up process

  • Submit incorporation documents with the authorities in the preferred state
  • Provide registered office and local company secretary
  • Post incorporation, assist in opening of bank account with suitable banker
  • Obtain necessary licenses for the type of business
  • Provide services pertaining to accounting and taxation
  • Ensure continual compliances post incorporation, both event as well as annual based