set up a company in the uk united kingdom england

Incorporate in the United Kingdom (UK)

$1,750.00

Set up a UK Limited Company

The UK Private limited company is a well-recognized and reputable business structure incorporated in one of the major international financial and trade centers worldwide with a long proven track record of fiscal and legislative stability.

Corporate taxes in the UK are considerably reasonable (19%) compared with other European jurisdictions.

UK Limited companies also benefit from an ideal environment and a mature finance market for entrepreneurs and startups to seek funding, attract investors, gain access to high-skilled employees and high-quality business services.

In addition, incorporating in the UK provides a broad range of payment processing services and access to merchant accounts.

Private companies limited by shares in the UK enjoy a fast and cost-effective registration procedure and simple ongoing compliance requirements.

UK Limited companies are excellent vehicles as holding companies, taking advantage of the over 100 tax treaties that the UK has concluded, tax-exemption on capital gains on the sale of shares that fulfills certain conditions, tax exemption on dividends received from both local and foreign sources and no withholding tax on dividends paid to non-residents.

All in all, UK private limited companies enjoy high reputation and are excellent vehicles to conduct international commercial activities, as a holding company, IP business, investment company, access to payment processing services and merchant accounts and for startups seeking financing.

Set up a UK LLP

Companies incorporated under the Limited Liability Partnership Act are hybrid entities that provide to its members the flexibility of a partnership arrangement and limit liability to the capital contributed by each member.

An LLP requires minimal corporate formation requirements and a fast registration procedure. There are no company structure requirements for the management of an LLP, nor are there provisions for company meetings, directors, secretary, or capital.

UK LLPs are fiscal transparent entities, all profit received by the LLP is considered to be transferred to its members and taxed at the personal level. Members pay personal income taxes on LLP profits proportionally to their share of participation in the LLP company, whether distributed or not.

This means that an LLP is not seen as a separate entity for taxation purposes, and therefore if its members are non-UK tax residents they will only be required to pay taxes in the UK on income sourced from the UK.

An LLP must be set up by a minimum of two members, and although they are tax neutral entities, there are certain compliance requirements, including submitting annually financial statements to the UK Companies House and Partnership Tax return to the HMRC (Her Majesty Revenue & Customs).

If the LLP accrues more than GBP 81,000 that is derived from local earnings, then it must register for the UK VAT.

All in all, a UK LLP is a flexible structure that benefits from being incorporated in a reputable jurisdiction and international financial and trade center, while being a potentially tax-free entity. UK LLPs are powerful vehicles commonly used to provide international professional services, conduct international trading, e-commerce, Amazon FBA and as a payment processing subsidiary.

In the United Kingdom, the two most common corporate structures are the private limited company (LTD), incorporated in England and Wales under the Companies Act 2006, and the Limited Liability Partnership (LLP), registered in England and Wales under the Limited Liability Partnerships Act 2000.

Note that our incorporation and annual corporate service fees are “all-included fees”, and cover all the required services to incorporate a UK Company, and keep it in good standing, as well as government fees and duties, disbursements such as courier fees.

UK Company (LTD, LLP, England and Wales) Formation and First-Year Fees – USD 1,750.00 (All Included)

Private Limited Company (LTD.)

All Applicable Companies House Fees
Preparing and filing the Memorandum of Association, Constitution and Articles of Association with the Companies House
Providing the Certificate of Incorporation and filed Memorandum and Constitution with the Companies House
Preparing the First Board Resolutions resolving the appointment of Directors, allotment of Shares, Registered Office and other corporate matters.
Preparing the Confirmation Statement, Minute Book of the Company and Statutory Registers, including Register of Mortgages and Charges, Register of Debentures, Register of Sealings or Executions, Register of Members, Register of Directors, Register of Persons with Significant Control
Filing Statutory Registers with the Companies House
Preparing the Shares Certificates
Providing Registered Office Services, including a business address in Central London, for one year
Providing Secretarial Services for one year
Preparing Certified True Copies of Corporate Documents
Delivery of Certified True Copies of Corporate Documents via Courier, inclusive of Courier Fees

Limited Liability Partnership (LLP)

All Applicable Companies House Fees
Preparing and filing the Incorporation Document with the Companies House
Providing the Certificate of Incorporation and filed Incorporation Document with the Companies House
Preparing the Limited Liability Partnership Agreement, with unlimited reviews
Preparing the Confirmation Statement, Minute Book of the Company and Statutory Registers, including Register of Mortgages and Charges, Register of Debentures, Register of Sealings or Executions, Register of Members, Register of Persons with Significant Control
Filing Statutory Registers with the Companies House
Providing Registered Office Services, including a business address in Central London, for one year
Providing Secretarial Services for one year
Preparing Certified True Copies of Corporate Documents
Delivery of Certified True Copies of Corporate Documents via Courier, inclusive of Courier Fees

Time to form the Company

It generally takes us 1-2 days to prepare the constitutional documents of the company and related corporate documentation and file them with the Companies House. At that point, the certificates are generally released within the same day or the following business day.

Bank Account Opening Services (Optional)

We can assist you in open bank accounts for United Kingdom companies in the following offshore jurisdictions:

Andorra Bank Account - USD $ 1,200.00

Andorra Bank Account

Bank

Min Deposit

Cards

Currencies

Remote

Comments

Andorra Bank Account

USD 500,000

Yes

USD, EUR, CHF, CAD, AUD, SEK, NOK, NZD

Yes

Private Bank with focus on wealth management. If they open a corporate account for an active company, they would need that either the account has a substantial amount on the account, or that the UBO himself opens an account for wealth management.
Antigua Bank Account - USD $ 300.00

Antigua Bank Account

Bank

Min Deposit

Cards

Currencies

Remote

Comments

Antigua Bank Account

USD 10,000

Yes

USD, EUR

Yes

In euros DBank processes only via SEPA. In dollars at the moment only with correspondents in the US, through FEDWIRE (not ACH at the moment). Cash Secured Visa Credit Card available.

Antigua Bank Account

USD 25,000

Yes

USD, EUR, GBP

Yes

Cash Secured Visa Credit Card

Antigua Bank Account

USD 5,000

Yes

USD, EUR

Yes

UnionPay Cards work without inconvenience in the USA.
Armenia Bank Account - USD $ 1,200.00

Armenia Bank Account

Bank

Min Deposit

Cards

Currencies

Remote

Comments

Armenia Bank Account

USD 50,000

Yes

EUR, USD, RUB, AMD

Yes

Business connection to Armenia is required. The annual outgoing turnover of the client should be at least 10 mln USD per year. The annual number of outgoing transfers should be at least 60 per year. Note that the banks considers smaller companies is well on case-by-case basis, but they could charges additional fees.
Bahamas Bank Account - USD $ 500.00

Bahamas Bank Account

Bank

Min Deposit

Cards

Currencies

Remote

Comments

Bahamas Bank Account

USD 1,000,000

No

USD

Yes

Family Offices, Fund Managers and Asset Managers only.

Bahamas Bank Account

USD 10,000,000

No

Multicurrency

Yes

Primary focus with physical presence in Bahamas. Business interest in the Bahamas. The company needs to have been in existence for a minimum of 3 years.

Bahamas Bank Account

USD 1,000,000

Yes

Multicurrency

Yes

Credit Card available on a case by case basis.

Bahamas Bank Account

USD 1,000,000

Yes

Multicurrency

Yes

Remote account opening is possible, but the bank will visit the client within first year after opening.

Bahamas Bank Account

USD 500,000

Yes

USD, EUR

Yes

Prepaid debit card available.
Belize Bank Account - USD $ 300.00

Belize Bank Account

Bank

Min Deposit

Cards

Currencies

Remote

Comments

Belize Bank Account

USD 4,000

No

EUR, GBP, USD

Yes

Belize Bank Account

USD 1,000

Yes

USD, EUR, GBP, CAD, CHF, AUD, AED, CNY, SEK, NOK

Yes

Prepaid Visa cards available.

Belize Bank Account

USD 3,000

Yes

Multicurrency

Yes
BVI Bank Account - USD $ 900.00

BVI Bank Account

Bank

Min Deposit

Cards

Currencies

Remote

Comments

BVI Bank Account

USD 20,000

No

USD, GBP, HKD

Yes

Bank of Asia does not onboard corporations who have a connection in US and Russia.

BVI Bank Account

USD 500,000

No

Multicurrency

Yes

VP Bank offers services to local BVI residents as well as international clients who have BVI companies, trusts or fund structures. It is primarily focused on financing, investment management, custodial and securities trading accounts. No Commercial Activity, only for asset management business.
Cayman Islands Bank Account - USD $ 900.00

Cayman Islands Bank Account

Bank

Min Deposit

Cards

Currencies

Remote

Comments

Cayman Islands Bank Account

USD 250,000

Yes

USD, EUR, GBP, CAD, AUD, JPY, SEK, CHF

Yes

Cayman Islands Bank Account

USD 100,000

Yes

USD, EUR, CAD, GBP, AUD, Multicurrency

Yes

NCB Cayman Bank offers trading, private and investment bank accounts
Cook Islands Bank Account - USD $ 600.00

Cook Islands Bank Account

Bank

Min Deposit

Cards

Currencies

Remote

Comments

Cook Islands Bank Account

USD 250,000

Yes

USD, EUR, GBP, CAD, NZD, AUD, SGD, HKD

Yes

Clients can have a corporate account for operational purposes only if they open an investment account as well.
Curaçao Bank Account - USD $ 500.00

Curaçao Bank Account

Bank

Min Deposit

Cards

Currencies

Remote

Comments

Curaçao Bank Account

USD 100,000

No

Multicurrency

Yes

Internet Banking only for viewing the account, not for operating

Curaçao Bank Account

N/A

Yes

Multicurrency

Yes
Cyprus Bank Account - USD $ 1,200.00

Cyprus Bank Account

Bank

Min Deposit

Cards

Currencies

Remote

Comments

Cyprus Bank Account

N/A

Yes

Multicurrency

Yes

Supports large Cypriot and international groups, preferably operating from Cyprus and international companies in their expansion and operations in Cyprus.
Dominica Bank Account - USD $ 300.00

Dominica Bank Account

Bank

Min Deposit

Cards

Currencies

Remote

Comments

Dominica Bank Account

USD 15,000

Yes

USD, EUR, GBP, CHF

Yes

Dominica Bank Account

USD 15,000

Yes

USD, EUR, GBP

Yes

Dominica Bank Account

N/A

No

Multicurrency

Yes

SWIFT transactions are carried out only through a pool account in the name of the bank.

Dominica Bank Account

N/A

No

Multicurrency

Yes

Dominica Bank Account

N/A

No

EUR, USD

Yes

SWIFT transactions are carried out only through a pool account in the name of the bank.
Gibraltar Bank Account - USD $ 1,200.00

Gibraltar Bank Account

Bank

Min Deposit

Cards

Currencies

Remote

Comments

Gibraltar Bank Account

N/A

No

Multicurrency

Yes

Gibraltar Bank Account

USD 200,000

No

USD, EUR, GBP

Yes
Hong Kong Bank Account - USD $ 1,400.00

Hong Kong Bank Account

Bank

Min Deposit

Cards

Currencies

Remote

Comments

Hong Kong Bank Account

HKD 100,000

Yes

Multicurrency

No

A business nexus in Hong Kong is strictly required, in the form of clients, suppliers, employees or other counterparties.

Hong Kong Bank Account

HKD 200,000

Yes

HKD, USD, Multicurrency

No

A business nexus in Hong Kong is strictly required, in the form of clients, suppliers, employees or other counterparties.
Isle of Man Bank Account - USD $ 1,200.00

Isle of Man Bank Account

Bank

Min Deposit

Cards

Currencies

Remote

Comments

Isle of Man Bank Account

N/A

No

USD, AUD, EUR, CZK, DKK, HUF, SGD, JPY, NOK, GBP, ZAR, ILS, NZD, PLN, CHF, SEK, CAD, BGN

Yes

Preferred industries: Asset Holding Entities, e-sports, yachting, aviation, e-commerce, internet sales and trading, business consultancy, advertising and marketing, property development and management.
Labuan Bank Account - USD $ 500.00

Labuan Bank Account

Bank

Min Deposit

Cards

Currencies

Remote

Comments

Labuan Bank Account

USD 10,000

No

USD, JPY, SGD, EUR, GBP

Yes

Labuan Bank Account

USD 250,000

No

Multicurrency

Yes

Labuan Bank Account

USD 25,000

No

USD, EUR, CAD, CHF, GBP, HKD, SGD, JPY, THB, AED

Yes

They focus more on Labuan incorporated entities.
Latvia Bank Account - USD $ 1,200.00

Latvia Bank Account

Bank

Min Deposit

Cards

Currencies

Remote

Comments

Latvia Bank Account

case-by-case

No

EUR, PLN, CNY, HUF

Yes

The company should have a substance in EU or UK. Personal accounts only for persons residing/working in Latvia.
Liechtenstein Bank Account - USD $ 1,200.00

Liechtenstein Bank Account

Bank

Min Deposit

Cards

Currencies

Remote

Comments

Liechtenstein Bank Account

USD 500,000

No

Multicurrency

Yes

Every active NFE needs to have a substance.
Mauritius Bank Account - USD $ 600.00

Mauritius Bank Account

Bank

Min Deposit

Cards

Currencies

Remote

Comments

Mauritius Bank Account

USD 50,000

No

Multicurrency

Yes

Mauritius Bank Account

USD 50,000

Yes

Multicurrency

Yes
Nevis Bank Account - USD $ 300.00

Nevis Bank Account

Bank

Min Deposit

Cards

Currencies

Remote

Comments

Nevis Bank Account

USD 10,000

No

USD, EUR, GBP, Multicurrency, CHF, CAD

Yes

Nevis Bank Account

USD 100,000

No

USD, EUR, GBP, CHF, AUD, CAD, AED, JPY, SGD, HKD

Yes

Nevis Bank Account

USD 25,000

No

Multicurrency

Yes

Nevis Bank Account

USD 10,000

No

USD

Yes
Panama Bank Account - USD $ 1,200.00

Panama Bank Account

Bank

Min Deposit

Cards

Currencies

Remote

Comments

Panama Bank Account

USD 50,000

Yes

USD, EUR

Yes

Panama Bank Account

USD 10,000

Yes

USD, EUR, CHF, GBP, CAD

Yes
Puerto Rico Bank Account - USD $ 300.00

Puerto Rico Bank Account

Bank

Min Deposit

Cards

Currencies

Remote

Comments

Puerto Rico Bank Account

N/A

Yes

USD, HKD, AUD, CAD, CHF, CNY, DKK, EUR, GBP, JPY, NOK, NZD, SEK, SGD, TRL, XAF, ZAR

Yes

Unionpay Merchant service for clients.

Puerto Rico Bank Account

USD 25,000

No

USD

Yes

Their main focus is on commercial type, trade finance.

Puerto Rico Bank Account

USD 10,000

No

Multicurrency

Yes

Puerto Rico Bank Account

USD 150,000

No

USD

Yes
Saint Lucia Bank Account - USD $ 300.00

Saint Lucia Bank Account

Bank

Min Deposit

Cards

Currencies

Remote

Comments

Saint Lucia Bank Account

N/A

No

Multicurrency

Yes

Saint Lucia Bank Account

USD 5,000

Yes

USD, EUR, GBP, HKD, Multicurrency, CAD, CHF, AED, AUD, NZD, NOK, SEK, THB, JPY, ZAR

Yes
Seychelles Bank Account - USD $ 500.00

Seychelles Bank Account

Bank

Min Deposit

Cards

Currencies

Remote

Comments

Seychelles Bank Account

USD 25,000

No

USD

Yes

Internet banking is in view mode only, all transactions are carried out via email or by phone.
Singapore Bank Account - USD $ 900.00

Singapore Bank Account

Bank

Min Deposit

Cards

Currencies

Remote

Comments

Singapore Bank Account

SGD 100,000

No

USD, SGD, EUR, GBP, NZD, RMB, AUD, JPY, HKD, CHF, CAD

Yes

Nexus in the form of client/supplier/partner/contractor in Singapore required.

Singapore Bank Account

USD 3,000,000

No

USD, SGD

Yes

Singapore Bank Account

SGD 250,000

No

Multicurrency

No

Nexus in the form of client/supplier/partner/contractor in Singapore required.

Singapore Bank Account

SGD/USD 30,000

No

SGD, AUD, CAD, RMB, EUR, HKD, JPY, NZD, GBP, USD

Yes

Nexus in the form of client/supplier/partner/contractor in Singapore required.

Singapore Bank Account

SGD/USD 30,000

No

Multicurrency

Yes

Nexus in the form of client/supplier/partner/contractor in Singapore required.

Singapore Bank Account

USD 30,000

No

USD, SGD, AUD, CAD, HKD, NZD, GBP, EUR, JPY, CHF

Yes

Nexus in the form of client/supplier/partner/contractor in Singapore required.

Singapore Bank Account

SGD 250,000

No

Multicurrency

Yes

Nexus in the form of client/supplier/partner/contractor in Singapore required.
Switzerland Bank Account - USD $ 1,200.00

Switzerland Bank Account

Bank

Min Deposit

Cards

Currencies

Remote

Comments

Switzerland Bank Account

CHF 500,000

Yes

EUR, GBP, CHF, CAD, AUD, JPY, SGD, PLN, HKD, NOK, SEK, ILS, MXN, DKK, TRL, NZD, AED

Yes

Amina Bank does not open accounts with a pure transactional business nexus.

Switzerland Bank Account

USD 10,000

Yes

Multicurrency

Yes

Companies must have a business presence in the country where they are incorporated or tax resident in the form of offices and/or employees.

Switzerland Bank Account

CHF 1,000,000

Yes

Multicurrency

Yes

Switzerland Bank Account

CHF 500,000

Yes

Multicurrency

Yes

Switzerland Bank Account

CHF 5,000

Yes

Multicurrency

Yes

Companies must have an expected turnover of at least CHF 3,000,000.

Switzerland Bank Account

CHF 3,000,000

Yes

Multicurrency

Yes

Deposit must be maintained in crypto assets held through the bank's custody services. Minimum Average Balance for high risk jurisdictions should be 1-2Mio CHF.
USA Bank Account - USD $ 1,400.00

USA Bank Account

Bank

Min Deposit

Cards

Currencies

Remote

Comments

USA Bank Account

USD 100,000

No

USD

Yes

min deposit USD 100k and more AND/OR with revenues of USD 1M

USA Bank Account

from 10,000 but preferred 250K-300K

Yes

USD, Multicurrency

Yes

They tend to focus more on technology/startup companies that are focused on growing and scaling through future equity raises and subsequent debt facilities.

USA Bank Account

USD 5,000

Yes

USD

Yes

The company should trade in Asia and the USA.

USA Bank Account

Typically USD 25,000 - USD 50,000, for high risk USD 500,000

Yes

USD

Yes

At least one US based signatory is required. Purpose to open an account in US is required.
Vanuatu Bank Account - USD $ 500.00

Vanuatu Bank Account

Bank

Min Deposit

Cards

Currencies

Remote

Comments

Vanuatu Bank Account

1,500 EUR

No

EUR, GBP, USD

Yes

Outgoing USD transactions cannot be facilitated.
EMI Account - USD $ 300.00

EMI Accounts

EMI

Min Deposit

Cards

Currencies

Remote

DNBC (CA) (former DSBC)

N/A

No

EUR, CAD, GBP, CHF, HKD

Yes

Hong Kong EMI Account

N/A

Yes

Multicurrency

Yes

Kazakhstan EMI Account

Depending on category.

No

Multicurrency

Yes

Lithuania EMI Account

N/A

Yes

EUR

Yes

Lithuania EMI Account

N/A

No

EUR, CAD, GBP, CHF, HKD

Yes

Lithuania EMI Account

N/A

No

EUR

Yes

Lithuania EMI Account

N/A

No

EUR, USD, GBP, SEK, JPY, HKD

Yes

Luxembourg EMI Account

N/A

No

Multicurrency

Yes

Singapore EMI Account

N/A

Yes

SGD, USD

Yes

Note that we can also assist the client with opening Electronic Money Institutions Accounts in the EEA at no additional cost.

Our bank account opening service is not just a mere introduction to the bank. We assist you in filling out the business plan forms appropriately and help you understand and provide business details, commercial information, and purpose/use of the bank account that a given bank wants to know in order to approve your account application.

Banks want certainty and clarity on how the account will be used. Everything must be watertight. We will work with you to make sure there is minimal ‘back and forth’ and a smooth account opening process.

UK Company Annual Fees – USD 1,600.00 (payable one year after incorporation, and annually thereafter)

Providing Registered Office Services, including a business address in Central London, for one year
Providing Secretarial Services for one year
Preparing and Submitting the Annual Return to the Companies House
All Applicable Companies House Fees

Other Services (Optional)

Local Directorship Services
Full Accounting and Book-keeping Services
Tax Services
Registration of Limited Partnerships (Scotland and/or England and Wales)
FCA-licensing for Payment/Electronic Money Institutions and Investment Businesses

Please, contact us for further information.