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United Kingdom |
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| UK (The United Kingdom), London, Financial Center, largest economy, offshore company, financial services |
Located off the northwestern coast of continental Europe, the United Kingdom is a union of four constituent counties: England, Northern Ireland, Scotland and Wales. Apart from the land board, the UK is surrounded by the Atlantic Ocean, the North Sea, the English Channel and the Irish Sea. The largest island, Great Britain, is linked to France by the Channel Tunnel.
Sentence: Setting up an offshore company in UK, one of the largest economies in the world can help an investor to gain great benefit from the high standard financial services.
Conclusion: The UK (The United Kingdom) is one of the largest economies in the world with London as the financial center that provide the offshore companies for the financial services.
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The UK is a developed country, with the 5th (GDP) or 6th (PPP) largest economy in the world. The British service sector which is dominated by financial services, especially in banking and insurance now makes up about 73% of GDP. London is the worlds largest financial center with the London Stock Exchange, the London International Financial Futures and Options Exchange, and the Lloyds of London insurance market all based in the City of London.
London is a major center for international business and commerce and is the leader of the three command center for the global economy (along with New York and Tokyo). Based on market exchange rates, the United Kingdom is the fifth largest economy in the world and the second largest in Europe after Germany. An UK company does not offer the advantage of conventional offshore companies, and it cannot be used as tax heaven.
Incorporation Requirements:
»One (1) director or more
»One (1) Shareholder or more
»Director and shareholder can be the same person
»Local shareholder & director: not required
»Audited financial statements: not required
»Corporate secretary: YES
»Local Registered Office: YES
»Annual return: YES
»Audited financial statement: YES
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No minimum or maximum issued/authorized share capital
Minimum issued capital: one share
Standard issued capital: GBP 10, 000
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UK private limited companies are taxed on their offshore profits at a rate of 19-33% depending of level of income realized.
Confidentiality & Privacy
Name of owners of a company registered in the UK are shown on the incorporation documents and are accessible from the public record. Nominee services are available for privacy.
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The registration of a limited company in the UK can be made within one day; however it will take around a week to receive all incorporation documents. The registration package includes:
»UK company name search
»Applying for business registration
»Applying for business registration
»Documents preparation and submission (Articles of Association, Memorandum, company minutes etc.)
»Payment of first year government fees
»UK nominee secretary service (one year)
»UK bank account (minimum deposit to be paid separately)
»Filling the application at the UK company house
»First year registered office fees
»Express delivery to your mailing address
»Our service charge
You will need to fill a form and provide a copy of your passport.
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Upon registration completion, you will be receiving:
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»A certificate of incorporation
»The Memorandum and Articles of Association
»The minutes of the first meeting of the board of directors
»The share certificates
»The corporate seal
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