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UK Ltd. Company - FAQ's

  • 1. What is a UK Limited Company?

    A UK Limited Company is a company that is registered and incorporated in the United Kingdom. This company is referred to as a limited company because it is a company that limits the liability of its members to the value of the capital that they would have invested in the UK Company. As opposed to an unlimited company which could cause the personal assets of a company to be at risk or claimed if the company were to go bankrupt or not be able to meet its financial liabilities on its own. The UK limited company is a simple but very reliable legal structure.

  • 2. How many people do I need to set up UK companies?

    To incorporate UK limited companies there must be at least one member (director). Since this person may also be the sole shareholder, this condition makes it convenient for individuals who wish to incorporate UK companies by themselves.

  • 3. Can another company be the owner of my UK company?

    You may decide to incorporate using an existing company to best suit your needs and protect your identity accordingly. Since our aim is to provide offshore financial solutions, we also recommend UK company formation with one or two offshore companies as the members. This will provide you with privacy in carrying out your business affairs and better enable you to plan your finances offshore through your offshore companies and overseas bank accounts.

  • 4. Are there complicated forms to be filled in order to form a company in the UK?

    No. We provide simple yet thorough online forms with sufficient information that will give you an idea of the details that you need to give in order to incorporate UK companies. Our online forms can be submitted using our web facilities or can be faxed or you can give us a call to place an order, though we will ask you to confirm your request by email.

  • 5. Is the information I give to you confidential? What about my proof of identity?

    For proof of your identity, we will require one picture identity document, which could be a current valid passport or current valid national ID card. Under certain circumstances we may accept a driver's license but the copy must be authenticated by a solicitor. Copies of these documents can be scanned and emailed to us for efficiency and convenience, however, if new regulations require physical copies, you will be asked to send by post certified photocopies in addition to the scanned ones. Every identity document that we receive is treated in the strictest confidence. We only reveal information if you instruct us to do so or if we receive a court order should you be found to be involved in some form of illegal activity.

  • 6. Can I get an offshore bank account for a UK company?

    UK limited companies can have offshore bank accounts. We work very closely with several major international and offshore banks. As long as no restrictions are imposed on the ownership of offshore bank accounts by UK companies, you are free to open UK company offshore accounts. The offshore banks we recommend are reliable, established for several years and have offered our clients a high degree of satisfaction. International debit and credit cards, brokerage accounts, multicurrency accounts and investment accounts are among the services available.

  • 7. What are the requirements for opening offshore bank accounts for UK companies?

    We do not open offshore bank accounts for companies that were incorporated by other firms. Our offshore bank account opening service is available only to our clients; therefore we would have to be the incorporators of your UK limited company. If you do not yet have a UK limited company, you will be required to incorporate online with us in order to receive our offshore banking assistance. Our offshore account service for UK companies is the same as for the other types of offshore companies and entities that we offer; that is, our service is introductory, and we provide you with all the necessary forms, cards and details, and can liaise with the offshore bank on your behalf to ensure that you successfully get your UK company account offshore opened.

  • 8. If circumstances change and I change my mind about the UK company formation, can I get at least a partial refund?

    Once the incorporation form has been completed and the company paid for no refund is possible. These funds would have already been used for the incorporation fees and other services provided.

UK LLP - FAQ's

  • 1. What is a UK LLP?

    UK LLP means UK Limited Liability Partnership. A UK Limited Liability Partnership or UK LLP is a business entity that has components of a partnership – in that it is administered based on a partnership agreement -, and a company with limited liability – in that the LLP is legally restricts loss to the business through its limited liability provisions. Because of this structure, the UK LLP is considered a hybrid and s often used by professional firms that prefer partnership arrangements without the ‘formalities' or a corporation for example, while being able to have limited liability.

  • 2. How many people do I need to set up UK companies?

    To incorporate UK limited liability companies (UK LLP) by law a minimum of two members are required.

  • 3. Can another company be the owner of my UK LLP?

    UK LLP can have both natural and legal persons as partners. For very effective use internationally, we recommend UK LLP incorporation using two offshore companies. By doing this you will be able to strategically and carefully manage and lower your tax expenses and maximize profits. Because the UK LLP pays no tax on profits and the members are only required to pay income tax, this set up is ideal for accumulating wealth through the non resident status of the two offshore company members. Using our UK LLP bank account offshore services will complete this solution. We offer reliable advice and you may seek further specialist advice for your own purposes.

  • 4. Are there complicated forms to be filled in order to form an LLP in the UK?

    No. We provide simple yet thorough online forms with sufficient information that will give you an idea of the details that you need to give in order to incorporate UK LLP. Our online forms can be submitted using our web facilities or can be faxed or you can give us a call to place an order, though we will ask you to confirm your request by email.

  • 5. Is the information I give to you confidential? What about my proof of identity?

    As evidence of your identity, we will ask for a picture identity document, which could be a current valid passport or current valid national ID card. Under certain circumstances we may accept a driver’s license but the copy must be authenticated by a solicitor. Copies of these documents can be scanned and emailed to us for efficiency and convenience, however, if new regulations require physical copies, you will be asked to send by post certified photocopies in addition to the scanned ones. All identity documents that are sent will be kept in the strictest confidence. We only share information if you instruct us to, and in the case of a court order if you were found to be involved in some form of illegal activity.

  • 6. Can I get an offshore bank account for a UK LLP?

    UK limited companies can have offshore bank accounts. We work very closely with several major international and offshore banks. As long as no restrictions are imposed on the ownership of offshore bank accounts by UK limited liability partnerships, you are free to open UK LLP offshore accounts. The offshore banks we recommend are reliable, established for several years and have offered our clients a high degree of satisfaction. International debit and credit cards, brokerage accounts, multicurrency accounts and investment accounts are among the services available.

  • 7. What are the requirements for opening offshore bank accounts for my UK LLP?

    We do not open offshore bank accounts for companies that were incorporated by other firms. Our offshore bank account opening service is available only to our clients; therefore we would have to be the incorporators of your UK LLP. If you do not yet have a UK LLP you will be required to incorporate online with us in order to receive our offshore banking assistance. Our offshore account service for UK companies is the same as for the other types of offshore companies and entities that we offer; that is, our service is introductory, and we provide you with all the necessary forms, cards and details, and can liaise with the offshore bank on your behalf to ensure that you successfully get your UK LLP account offshore opened.

  • 8. If circumstances change and I change my mind about the UK LLP formation, can I get at least a partial refund?

    Once the incorporation form has been completed and the LLP paid for no refund is possible. These funds would have already been used for the incorporation fees and other services provided.

Please also check our main FAQ section