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LLC PLC Limited by Gurantee LLP Rep Office Branch Office
Company Setup Time 10 days 10 days 10 days 10 days 10 days 10 days
Bank Account Opening 5 days 5 days 5 days 5 days 5 days 5 days
Government Grants Available Yes Yes Yes Yes No No
Government Contracts Bidding Yes Yes Yes Yes No No
Limited Liability Yes Yes Yes Yes No No
Client Required to Travel No No No No No No
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Corporate Structure Explained

British Limited Liability Company

  • A minimum of one director and one shareholder are required. A minimum share capital of £ 1 is also required. The UK LLC is subject to corporate income tax at a standard rate of 19 per cent. The filing of financial statements is also required.

British Public Limited Company

  • It is required a minimum capital of £ 50,000, two shareholders and two directors, both shareholders and directors can be UK non residents. A secretary with proper qualifications is also needed.
  • Before doing business in the country, all PLCs are required to apply for a commercial certificate.

British Company Limited by Guarantee

  • Members ‘ liabilities are limited to the amount that each member pays to the assets of the company. There is no share capital for companies that are limited by a guarantee.
  • Companies are required to have at least one member and one director from any non-resident nationality.
  • Limited companies by guarantee are suitable for the establishment of a non-profit company.

Limited Liability Partnership

  • Limited liability partnerships must have at least two members who can be corporate members and one manager.
  • UK LLP members have limited liability for the partnership’s debts or losses.
  • During registration, an LLP must provide the responsibilities of the members, an agreement on the distribution of earnings, the entry and existing policies, the decision-making authority.
  • The LLP must submit an annual tax return to the local administration.
  • All partners must pay national insurance, pay income tax on their share of profits, and submit an annual tax return.

British Branch Office

  • A branch requires a resident manager and a registered address in the UK. Minimum paid-up capital is not required.
  • A business office has a corporate tax of 19 percent. The UK does not charge additional fees on branch transfers to the parent company.

British Representative Office

  • The representative company can only promote the business of the Parent company and do market research, they can not make direct sales in the country. A resident representative is required.

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