United Kingdom Offshore Company

About United Kingdom

The United Kingdom is perhaps the easiest and least expensive jurisdiction in the world in which to incorporate. Certainly within Europe and especially within the European Economic Area, the ease of doing business across international boundaries leads many international business entities to incorporate in the UK.

There are no restrictions on where offices, directors or shareholders are resident. UK companies can be managed from any global position, enabling them to conduct business activities anywhere in the world.

Where UK companies do not carry out any trading activities within the UK, it is possible for companies in the United Kingdom to be treated as non-resident, for corporate tax exemption purposes.

Benefits of Setting up an Offshore Business in the United Kingdom

  • Following Brexit, Corporation Tax will drop to under 15%
  • Corporate tax exemptions on dividends received from subsidiaries in many countries
  • No tax on capital gains from the disposal of trading subsidiaries
  • No withholding tax on distributions from the holding company to its parent or shareholder
  • No capital gains tax on profits arising from the sale of shares in the holding company by non-resident shareholders
  • Highly prestigious and credible marketplace
  • Very stable jurisdiction with an excellent reputation
  • Nominee agents may be used for an extra level of privacy
  • Fast and efficient registry. Company formation can be processed within a day

Key Corporate Features

Type of CompanyPrivate Limited
Type of LawCommon
Shelf company availabilityYes
Time to establish a new company1 day
Corporate Taxation20% - 23%
Double Taxation Treaty AccessYes
Share capital or equivalent
Standard currencyGBP
Permitted currenciesAny
Minimum paid up£1
Usual authorised£1,000
Minimum numberOne
Local requiredNo
Publicly accessible recordsYes
Location of meetingsAnywhere
Minimum numberOne
Publicly accessible recordsYes
Location of meetingsAnywhere
Company Secretary
Local or qualifiedNo
Requirements to prepareYes
Audit requirementsYes, but small company exceptions
Requirements to file accountsYes
Publicly accessible accountsYes
Recurring Government Costs
Annual Return Filing Fee£30 manually or £15 electronically
Requirement to file annual returnYes
Change in domicile permittedYes, but subject to approval of Inland Revenue

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