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Register UK Companies

I.Brief Introduction Of England

The full name of England is”The United Kingdom of Great Britain and Northern Ireland”,it is divided into four administrative regions: England, Wales, Scotland and Northern Ireland. Of Which England is divided into 43 counties; Scotland consists of 32 areas; Wales consists of 22 areas; Northern Ireland consists of 26 areas.  

Britain is the sixth largest economy entity in the world and third largest economy entity within the European Union, It has trade relationship with more than eighty countries and regions, with most of the trading partners the European Union and the United States. Britain has always been a capital-exporting and foreign investment-attracting country, its overseas investment and foreign investment are the second largest in the world after the United States.

British advocates of free trade, it persues free trade policies, promoting fair and open multilateral trading system, and the further liberalization of world trade. In order to monitor trade Protectionist measures, the British Government has launched the Global Trade Alert Web site.

Britain has an open, liberal investment environment, there is no special law to provide guidance or restrictions on foreign investment. Most economic sectors are not limited to British nationals involved, and have no BN majority-owned or shareholding ratio requirements. In the legal sense, Foreign-funded enterprises enjoy the same treatment with the British-funded enterprises. In addition to the sound legal policy, investment environment, the United Kingdom also has a globalization networking system, a mature capital market and world-class skills and technology base, which are able to provide investors with first-class infrastructure and facilities, world-renowned research and innovation networks, adequate capital flows and investment channels.

II. The characteristics about the investment envirionment of UK

1、Political stability, regulatory transparency, the investment process easy and efficient. According to World Bank’s statistics, it’s only need 13 days to establish and conduct business in the United Kingdom, while in other European countries, the average time was 32 days. As to the convenience of enterprise establishment, the UK is listed as the first in Europe, the sixth in the world.

2、Low tax investment environment: the highest rate of UK corporation tax is 28%, lower than most of its major competitors. The maximum tax rate of personal income is 40%, the lowest among all the EU countries;

3、Strong R & D capabilities. Britain companies are the most innovative ones around the world. Britain has two of the six European top universities and three worldly-strong universities. British researchers can produce 16 research papers with each millions of dollars research funding, much higher than the United States and Japan;

4、Convenient international contacts. Britain has a world-class transportation, top-class network of enterprise contacts. As the cultural and linguistic factors, the United Kingdom has been a springboard for a long time for American companies enter the European market. At present, more and more European companies also consider the United Kingdom as a springboard to expand their business in North America and for global business. Britain is to become the preferred location of many companies to set their European headquarters;

5、Olympic opportunities. London will host the 2012 Olympic Games, some Game-related procurement has began since 2007. Tender contracts will be open to each types of enterprises of all sizes, with a total budget of up to several billions of pounds;

6.、Allow shell companies(having no business) exist and offshore business to be operated.

III.Third,the conditions of forming a UK company.

1.Company name: As long as with the nature of limited liability companies, and subject to UK company law, you can register the company include 'Britain (UK)' at the beginning of the name, or containing 'investment (投资)', 'Association (协会)', 'College (学院)' and other 'sensitive' Vocabulary; there is no restriction on trade area;

When you use the following words or expressions (or the plural or possessive forms) as the company name, it must be approved by Secretary of State:

(a)    include or imply international or international:

(b) include or imply commercial or government agency or special terms on be half of administrative body

 (c) include or imply special items or function-specific terms.

2、Shareholders:Shareholders must be residents of any nationality (at least 18 years of age) or legal entities; at least one person;  It required to provide valid identity document (such as ID card, passport, passport) of the shareholders, the proof of address, and shareholding ratio of each shareholder;

3、 Directors: Directors must be residents of any nationality (at least 18 years of age)or legal entities, at least one person;

       Note: The shareholders and directors may be the same person or legal entity

4、Register Address: The address must be in the United Kingdom; this address can be registered addresses or a business address;  If the address is provided by the company Secretary, it is general used for register, and used for receive latters from the government or bank on behalf of customers              

5、 Company secretary: Company secretary must be natural persons who has British permanent resident status or companies registered in the United Kingdom; on behalf of customers to receive correspondence from the government or banks;

6、Register capital: "Company Law" provides that: The minimum registered capital is 50,000 pounds; it can not actually put in place.

IV.Manner and time of incorporation

According to the British "Company Law", there are two ways to register a company in the UK,:

1) register a new company, the time required is 7-8 working days;

    2) buying a shelf company (the shell company), the time required is 1-2 working days

V.When the processing is completed you can get the following documents.

 (1) Certificate of Incorporation

      (2) 5 volume of Articles of Association

　 (3) Company statutory registers

　　  (3-1) Register of members

　　  (3-2) Conference Memorandum

　　  (3-3) Directors of the Company Registration

　　  (3-4) Company registration application and distribution;

registeration transfer

　    (3-5) Registeration mortgage or charge; registeration bonds

　    (3-6) Director shares registeration

 　(4) Stock certificate (20); 1 with names, and other 19 leave blank.

　 (5) Two company atomic India (a rectangle; an oval)

　 (6) One company seal

 　(7) Documents for company registration (signed by the Secretary of the Form 10)

 　(8) A green box to store the above material (used for deposite the documents and materials )

V.Opening a bank account

When the British company is set up, you decide whether to open a bank account or not, At the same time, the company bank account can be opened at any bank anywhere in the world, as long as you are accepted by local bank;

VI.The company renewel (it is called annual review in Mainland)

1、the British companies are required to submit an annual return to the Registry;

2、Company Secretary renewals;

3、the company registered address renewals;

VII.Tax reporting and annual audit (Audit):

The company registered in England need to pay global income tax to the United Kingdom; it also need to  pay overseas income tax which has paid outside the United Kingdom'sto the UK, but this can usually be deducted from the UK's tax.

Britain's corporate tax rate is as follows

  Britain also have value-added tax, business tax

1）There are three types of VAT rates