United Kingdom Offshore Company
Investors who register and establish a United Kingdom offshore company are able to enjoy the benefits of having a business entity located within the EU. The UK boasts double taxation agreements with more countries than any other in the sovereign state, therefore it is a popular location for offshore company formation.
DeltaQuest offers a wealth of experience in establishing offshore companies in different locations around the world. For information, please visit our Jurisdictions service page.
Registering a UK offshore company
All UK private limited companies are regulated under Common Law. According to British law, a UK Private Limited Company has restrictions on trade as it is not allowed to conduct business activity with specified groups including banking, insurance, financial services, consumer credit and related services.
A business entity incorporated within the United Kingdom has the same powers as a natural person. All companies are required to maintain a registered office within the UK, with all legal documents being stored here. The documentation must be in either English, with special consideration for companies incorporated in Wales – with documents being submitted in Welsh.
All relevant legal documents, including the Memorandum and Articles of Association must be submitted to the relevant regulatory body. Other requirements that individuals and companies who wish to establish a UK offshore company must fulfill the following criterion;
- Minimum of 1 shareholder – details of whom are publicly accessible.
- Minimum of 1 director – details are accessible on public records.
- Standard share capital is £1000 with minimum £1 paid up.
The corporate tax rate in the UK varies between 20-26%, however tax on profits exceeding £1,500,000 is 28%. Investors who wish to register and form a UK offshore company are advised to seek the assistance of a professional consultancy firm in order to ensure that the process is completed in a professional and timely manner.
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