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Email: info@mevconsultants.com
Email: info@mevconsultants.com
Register a company in the United Kingdom
Company incorporation, bank accounts, accounting services in the United Kingdom
Registration packages
Services
Essential
Standard
Premium
Company registration (Ltd)
Annual registered address
Notary services and company seal
Corporate bank account
Accounting services
Start your company in the United Kingdom
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How you can register a company in the United Kingdom with us
Submit shareholder and director information to our firm with a signed power of attorney
Settle a payment for registration and banking assistance
Receive corporate documentation of the registered company and access to the corporate bank account of your company
Key details about the United Kingdom
The United Kingdom of Great Britain and Northern Ireland is located in Western Europe on the island of Great Britain and comprises England, Scotland, Wales and Northern Ireland. The United Kingdom has a territory of 242,495 square kilometers. The United Kingdom shares a land border with the Republic of Ireland and has access to the Atlantic Ocean, the North Sea, the English Channel, the Celtic Sea and the Irish Sea. The capital city of the United Kingdom is London, the largest city and the location of key government institutions. The United Kingdom has a population of 67,8 million people.
Corporate taxation, VAT taxation, Personal taxation
- Corporate income tax - 19%. Tax returns are filed on an annual basis. Advance income tax payments are made on a quarterly or an annual basis
- Dividend withholding tax - 0%
- Interest withholding tax - Standard tax rate 20%
- Royalties withholding tax - 20%
- Capital gains tax - 19%
- VAT - Standard tax rate 20% or reduced rates from 0% up to 12.5% or tax exempt. Tax returns are filed on a monthly, on a quarterly or on an annual basis
- Personal income tax - from 0% up to 45%.
The following are the most common types of companies to incorporate a company in the United Kingdom as:
- Private company limited by shares
- Public limited company
- Private company limited by guarantee
- Unlimited company
- General partnership
- Limited partnership
- Limited liability partnership
- Branch office.
- Individuals or legal entities that are intending to register a company in the United Kingdom can either be resident or non-resident in the United Kingdom.
- A resident or a non-resident individual can be a company director in the United Kingdom. It is not required to set up a company in the United Kingdom with a resident individual as one of its shareholders or directors. However, in order to open a corporate bank account in the UK it is required that at least 1 managing director of the company is resident in the UK.
- At least 1 shareholder is required in order to register a company in the United Kingdom if such company is incorporated as a Ltd (a private company limited by shares). An individual shareholder can simultaneously become a director of this company.
- It is not required to create substance (resident employees, office space) in the United Kingdom in order to establish a company in the United Kingdom or to conduct business in the country.
- Minimum share capital that is required in order to start a company in the United Kingdom as a Ltd (a private company limited by shares) is GBP 1.
- Ltd registration takes between 7 and 10 business days with the bank account taking up to 5 business days.
- Details of company founders, shareholders and directors after company registration in the United Kingdom is complete is publicly available in the state corporate register.
- With our service you can register a company in the United Kingdom completely remotely upon a power of attorney.
Official currency of the United Kingdom is the pound sterling (GBP).
The United Kingdom has a highly developed social market economy. In 2020 the United Kingdom was the 5th largest exporter and the 5th largest importer in the world with 3rd largest foreign direct investment. The largest sector in the country is its tertiary sector making up 80% of the state GDP. London is the 2nd largest financial center in the world. The UK technology sector is valued at USD 1 trillion. The UK has a large aerospace, pharmaceutical and R&D industries. The UK has vast natural resources and vast sea oild and gas production. Agriculture in the UK is intensive, highly mechanised, and efficient by European standards. The country produces around 65% of its food needs.
The GDP of the United Kingdom grew by 7.5% in 2021 and amounted to USD 3.18 trillion. Tertiary sector makes up 80% of the GDP of the country, followed by industry sector at 17.5% and agriculture at 1%.
In terms of foreign trade the largest exports of the country are manufactured goods, fuel products, oil, chemical products, food products, gold, cars and vehicles, aircrafts, medicaments, platinum, gas turbines, industrial machinery, electrical machinery, electrical and electronic equipment, financial services.
Imports of the United Kingdom consist of energy, oil, natural gas, electrical machinery and equipment, cars and vehicles, optical and technical equipment, plastics, furniture, consumer goods.
Primary trading partners of the United Kingdom are USA, Germany, Switzerland, Netherlands, Ireland, France, China, Belgium, Luxembourg Italy, Norway, Japan and Spain.
The United Kingdom has a highly developed social market economy. In 2020 the United Kingdom was the 5th largest exporter and the 5th largest importer in the world with 3rd largest foreign direct investment. The largest sector in the country is its tertiary sector making up 80% of the state GDP. London is the 2nd largest financial center in the world. The UK technology sector is valued at USD 1 trillion. The UK has a large aerospace, pharmaceutical and R&D industries. The UK has vast natural resources and vast sea oild and gas production. Agriculture in the UK is intensive, highly mechanised, and efficient by European standards. The country produces around 65% of its food needs.
The GDP of the United Kingdom grew by 7.5% in 2021 and amounted to USD 3.18 trillion. Tertiary sector makes up 80% of the GDP of the country, followed by industry sector at 17.5% and agriculture at 1%.
In terms of foreign trade the largest exports of the country are manufactured goods, fuel products, oil, chemical products, food products, gold, cars and vehicles, aircrafts, medicaments, platinum, gas turbines, industrial machinery, electrical machinery, electrical and electronic equipment, financial services.
Imports of the United Kingdom consist of energy, oil, natural gas, electrical machinery and equipment, cars and vehicles, optical and technical equipment, plastics, furniture, consumer goods.
Primary trading partners of the United Kingdom are USA, Germany, Switzerland, Netherlands, Ireland, France, China, Belgium, Luxembourg Italy, Norway, Japan and Spain.
Foreign entrepreneurs expand to the United Kingdom and seek to incorporate a company in the United Kingdom in order to conduct business in the following sectors:
- wholesale and retail trade
- aerospace industry
- augmented and virtual reality
- biotech and biopharmaceuticals
- carbon capture, usage and storage
- chemical industry
- clean agritech
- creative industry
- cyber industry
- education
- financial services
- fintech
- food industry
- green shipping
- IT
- renewable energy
- healthcare and life sciences
- hydrogen industry
- medtech
- mineral extraction and refining
- professional and business services
- R&D
- real estate
- space industry
- transition fuels.
Benefits of registering a company in the United Kingdom
Business climate
- Access to major European markets
- 2nd largest financial center in the world
- Access to the Atlantic Ocean, the North Sea, the English Channel, the Celtic Sea and the Irish Sea allows to establish maritime trade
- A gateway between Europe and North, Central and South American states
- Highly skilled workforce
- Vast natural resources
- Well-developed infrastructure
- Political stability
- Secure legal and justice systems
- Comprehensive protection of property rights
- Comprehensive personal security
- Investment protection
- Low inflation
Tax incentives
- No dividend withholding taxation
- Venture capital tax incentives
- Tax incentive for R&D
- Patent box tax incentive
- Double tax treaties with several jurisdictions
Ease of doing business
- The United Kingdom ranks #8 in the global Ease of doing business ranking
- Minimum share capital requirement for a Ltd in the United Kingdom is GBP 1
- No foreign exchange controls
Register your company in the United Kingdom
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