Incorporating a UK Private Limited Company
Benefits
We can form your private limited company with yours or our own directors, company secretary and shareholders etc., right from the start of your limited company formation, as most suitable to you, depending on how privacy and confidentiality is important to your business.
Key corporate features
General
- Type of Company – Private Limited
- Type of Law – Common
- Shelf company availability – Yes
- Our time to establish a new company – 1 day
- Corporate Taxation – 20% – 23%
- Double Taxation Treaty Access – Yes
Share capital or equivalent
- Standard currency – GBP
- Permitted currencies – Any
- Minimum paid up – £1
- Usual authorised – £1,000
Directors
- Minimum number – One
- Local required – No
- Publicly accessible records – Yes
- Location of meetings – Anywhere
Shareholders
- Minimum number – One
- Publicly accessible records – Yes
- Location of meetings – Anywhere
Company Secretary
- Required – No
- Local or qualified – No
Accounts
- Requirement to prepare – Yes
- Audit requirements – Yes, but small company exceptions
- Requirement to file accounts – Yes
- Publicly accessible accounts – Yes
Recurring government costs
- Annual return filing fee – £30 manually or £15 electronically
Other
- Requirement to file annual return – Yes
- Change in domicile permitted – Yes, but subject to approval of Inland Revenue (IR)
Shelf companies
Company information
Type of company for international trade and investment
Procedure to incorporate
Restrictions on trading
Powers of company
Language of legislation and corporate documents
Registered office required
Name restrictions
- Any name that is identical or too similar to an existing company;
- Any name which would be considered offensive or suggests criminal activity;
- Any name that suggests the patronage of the Royal Family or which implies an association with Central or Local Government of the United Kingdom.
Names requiring consent or license
Restricted names which usually require a license or other Government Authority include the use of the following words: assurance, bank, benevolent, building society, Chamber of Commerce, fund management, insurance, investment fund, loans, municipal, reinsurance, savings, trust, trustees, university or their foreign language equivalents for which the approval of the Secretary of State is first required.
Language of documentation
Disclosure of beneficial owner to authorities
Complicance
Authorised and issued share capital
Classes of shares permitted
License fee
None.
Directors
Company secretary
Taxation
Tax rates on profits over £1,500,000 is at 23%. The main rate of Corporation Tax applies when profits (including ring fence profits) are at a rate exceeding £1,500,000, or where there is no claim to another rate, or where another rate does not apply.
Double taxation agreements
Financial statement requirements
- A directors’ report signed by a director or the company secretary (if one is appointed);
- A balance sheet signed by a director;
- A profit and loss account (or income and expenditure account if the company is not trading for profit);
- Notes to the accounts; and
- Group accounts (if appropriate).
Companies whose annual turnover does not exceed £5,600,000 may qualify for an Audit Exemption and are not required to file independently audited accounts and in such cases the directors must self-certify the accounts.
To qualify as a small company, at least two of the following conditions must be met:
- Annual turnover must be £6.5 million or less;
- The balance sheet total must be £3.26 million or less;
- The average number of employees must be 50 or fewer.
To qualify for total audit exemption, a company must:
- Qualify as small (see above);
- Have a turnover of not more than £5.6 million; and
- Have a balance sheet total of not more than £2.8 million.
Persons with Significant Control
- Major changes to UK law – disclosure of all true/ultimate owners.
- Under the new UK PSC (Persons with Significant Control) regime all true and ultimate owners must be disclosed when we: a) form a company; b) change a nominee/signer; or c) renew a company.
- A PSC is anyone who ultimately controls or benefits from a UK company. The new regime is effective immediately.
- PSC information is public and can be found on a Google search.
Important note
The UK system of taxation, subject to conditions, offers commercial opportunities to reduce tax payable for those engaged in international business. Further information is available on request.

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Our company is EXCLUSIVELY engaged in assisting worldwide clients, either individuals or corporate entities, to get duly and properly licensed with local Regulators and Financial Authorities to get respective official licenses to legally carry out their cryptocurrency or financial related business activities.
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Disclaimer: While TBA & Associates strives to make the information on this website as timely and accurate as possible, the information itself is for reference purposes only. You should not substitute the information provided in this article for competent legal advice. Feel free to contact TBA Customer Services for advice on your specific cases.