Administratively & politically, England is a part of the United Kingdom of Great Britain & Northern Ireland. Characterized by a highly developed infrastructure & economy, it’s suitable for foreign entrepreneurs seeking to gain a foothold in the British market by registering a company in England.
The key sectors of England’s economy include agriculture, industry, IT & the sports industry. London, the capital of England, is one of the world's leading financial centers, the 3rd largest city in Europe & a renown historical site. The economy of London takes up 1/5 of the economy of the entire Great britain.
What Does It Take to Register a Company in England?
Those looking to register a company in England can do it in one the following business organization forms:
- LTD;
- LLP;
- LP.
Registration of a Company in England
The choice of organizational & legal form depends on the type of activity a company will engage in.
Registering a company in England requires having a share capital of 1 pound: however, opening a corporate account may require having a larger share capital. The company’s structure must include more than two partners who must be either physical persons or legal entities. The functions of a company’s director can be performed by one of its partners; a secretary isn’t required. Those considering registering a company in England should keep in mind that information about its founders & directors must be entered into an open register.
A company’s name mustn’t contain the words ‘bank’, ‘trust’’ & words related to the British crown.
Taxation in England
Generally, income earned outside Great Britain isn’t subject to income tax; however, there are some exceptions to that rule. The UK corporate tax rate for LTDs is 19%.
Under British legislation, companies are required to maintain & submit financial reports; however, submitting them to the register for English LLPs is voluntary. There’s no foreign exchange control either.
Please note that England has signed a number of agreements with many countries to avoid double taxation.
How to Register a Company in England
On average, the registration of a company in England may take up to 2 weeks. However, if you wish to expedite the registration process, you can contact IQ Decision UK. Our experts will be happy to provide you with qualified assistance in registering a company in England.
Seeking to open a business in England? Need advice on company registration in England? Why not contact IQ Decision UK?
