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United Kingdom

United Kingdom company formation corporate tax 20-23%

Country's features:

Geographic location Europe
Political regime Parliamentary monarchy
Population 63 047 162 (2012)
Language English
Currency British Pound (GBP)
Time zone GMT+0

Features of the incorporation of a company:

Type of company Limited Liability Company (LTD)
Capital required No minimum capital is required
Legal system Common Law
Number of directors/shareholders Minimum, 1 director/ 1 shareholder (que puede ser una persona física o jurídica)
Anonymity and confidentiality The directors' and shareholders' names appear in the Public Registry. The services of a nominee can be used
Secretary service Yes
Corporate tax
  • Micro-companies: Turnover < to £ 300,000: 20%.
  • SMEs: Turnover between £ 300,000 and £ 1,500,000: 23%.
  • Corporations: Turnover > £ 1,500,000: 23%.
Wealth tax 0%
VAT 20%
Government taxes Yes: N/A
Accounting requirements Mandatory to keep accounts and file annual reports
Bearer shares Unauthorized
Exchange control - non-residents No
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