United Kingdom

The UK’s economy is based on industrialized agriculture and natural resources such as coal, gas and oil.  Moreover, the banking, insurance and business services sectors are also well developed.

UK Service Company

The attractiveness of this company formation in the UK lies in the possibility to act through a distinguished European company without having to pay taxes. This can be achieved by forming a UK Service Company. The initial requirements follow:

  • At least 60% of the shareholders are non-UK residents.
  • The company is not active in the UK. Activity, for this purpose, is the existence of a branch or a major customer, which constitutes the majority of the company's activity.

Taxation
All companies, other than a UK Service Company, are liable to UK taxes.  Moreover, the company is required to file an annual return. 

Overview: UK IBC’s (International Business Company)

  • Registered office and registered agent are required – provided by Kobalt.
  • Shares must be registered.
  • One shareholder is permitted.
  • One director is required; must be an individual (not a corporation); no residency requirements. 
  •  Nominee director is permitted – can be provided by Kobalt.
  • Identities of Shareholders and Directors are in public domain.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The United Kingdom, located in Western Europe, has played a major historic role in the development of the world's democracies. In its prime, the British Empire covered about a quarter of the globe. Even after giving up most of the colonies, it is one of the most important countries in the world, being one of the five permanent members of the UN's Security Council, one of the founders of the NATO alliance and an active member of the EU (although it did not adopt the EURO).

Jurisdictions