bannarTop

GLOBAL INFO

United Kingdom

COUNTRY:

UK

QUESTION:

ANSWER:

1.      What are the main types of companies in your country?

A company incorporated in accordance with the Companies Act 2006

2.      Which is the most preferred type of company by foreign investors?

As above

3.      What are the basic capital requirements of this company? (minimum amounts, types of capital, deadline of capital contribution)

None

4.      What are the basic rules of shareholders liability for company debts in this company?

No individual liability

5.      What are the basic management requirements for this company? (only natural persons, or nationals can be managers etc.)

1 director – can be corporate director

6.      How long does the registration procedure of this company take?

Off the shelf company – not tailored to specific requirements – 24 hours

7.      What are the main costs of formation of this company in local currency?

Company formation £250.00

8.      What is the average attorney’s fee of the formation of this company in local currency?

Generic company – Cubism charges £500.00

9.      What are the basic publicity requirements of this company (filing of company changes, financial reports, etc.)

Annual accounts (unless exempt). Director and shareholder detals. Special resolutions

10.   What are the main auditor requirements?

-        Annual accounts unless exempt.