Overseas company registration - UK company establishment

UK COMPANY REGISTRATION

UK companies qualifying small companies are exempt from audit

If you do not consider trading in the UK or with a UK-based company or an establishment that is resident and operating , Bahamas, etc. Compared with overseas companies, they are almost similar in terms of company establishment or annual management maintenance. And the tax issue that everyone cares most about and is the most important? As long as the source of your company's profits is not directly related to the tax resident of the United Kingdom, this part of the foreign surplus, the tax of the company registered in the United Kingdom is not subject to income tax.

Table of contents

• UK company profile
• The advantages of UK company registration and the purpose of its establishment
• UK company registration regulations
• Registration Concept and Annual Review Requirements
• Account requirements for UK company registration

1. Introduction of British company

• The United Kingdom is an island country located in western Europe. The official name of the country is "The United Kingdom of Great Britain and Northern Ireland". It has a population of about 60 million. The official and common language is English. The capital is London. The leading center of finance, banking and insurance industry, the British registered company is a relatively international company. The United Kingdom consists of the island of Great Britain (including England, Scotland, Wales), the northeastern part of the island of Ireland and some surrounding small islands. It faces the European mainland across the North Sea, the Strait of Dover, and the English Channel. With an area of 244,100 square kilometers, it is the location of 0 degrees longitude, which is the starting point of the world time zone. It joined the European Community in January 1973.
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2. The advantages of UK company registration and the purpose of its establishment

You can use the name of a British company to apply for relevant entry visas, such as independent representative visas. After five years of extension, you can further apply for British permanent residence if you meet the conditions.

1. UK company registration is simple: only one shareholder and no capital is required.
2. UK company registration overseas income tax exemption (same as other overseas companies).
3. The establishment of a UK company can open an account in any bank in the world (no account opening restrictions for other overseas companies).
4. Consider 'legal' tax planning and focus on 'brand image'.
5. The role of "intermediary" increases the legal validity of agreements and contracts such as commissions, royalties, copyright fees, engineering funds, research and development funds, etc.
6. Compared with setting up a company in the UK, there is no need to worry about being untrustworthy with the tax authorities of developed countries, which affects the willingness of customers to place orders.

3. The concept of UK company registration and annual review requirements

1. Every year (at least once every 12 months) for a UK company to apply for registration, an annual report (Annual Return) must be submitted to the UK Companies Registry (Company House (“CH”). submitted within days.
2. If the company does not submit an annual review report, CH will assume that the UK company is registered as no business and may delete the company.
3. Registering a UK company must note that CH reserves the legal power to pursue the person in charge of the UK company registration who does not submit an annual review, and the violation is a criminal law.
4. Generally speaking, qualified small companies are entitled to audit exemption, but if the small company belongs to the categories of listed companies, group subsidiaries, banks, insurance, etc., they are not exempted from audit exemption.

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