Features of LTD companies offshore UK

Limited Liability Companies (LTD) Is one of the two most common types of offshore businesses, established in the UK. One of their main advantages is the high international trust in the UK.. Company, created here, may be holding, nominal, non-resident. No foreign exchange control.

Organizational moments

Under the laws of a UK offshore limited liability company, with the prefix Ltd, may have at least one shareholder. Their managers and owners are not personally liable for the debts / obligations of the enterprise. Companies, registered in this jurisdiction, must have a director, secretary, registration agent and real office. The shareholder and director can be a legal entity or an individual, it can be nominal persons. Besides, the director can be a non-resident of the UK.

For maximum efficiency, usually, LTD is used in tandem with a classic offshore company for the implementation of trade operations.

Capital and confidentiality LTD

The minimum amount of the authorized capital is not limited, recommended size - 1000 GBP, divided into 1000 Shares. It is forbidden to issue bearer shares without a nominal value, only verified registered shares with the specified par value are admitted.

LTD privacy is at a very high level, since when attracting nominee management and shareholders, real owners cannot be installed.

Reporting and taxation

To annual reporting, which is served by LTD enterprises, relate:

• Annual Return - the document is submitted every year (from the moment of company registration in the UK) and contains address information, partners and managers of the company. The preparation and submission of the report is reserved for 28 days.
• Annual Accounts - financial statement, which is compiled according to the established template, based on the beneficiary's declaration. The initial report is provided within ten months after the reporting date for the period. The new reporting period starts from the end of the month, following the month of the annual date of registration of the enterprise.
• Dormant Accounts - Report Filed By Not Working (спящими) Companies. In the absence of vigorous activity and the submission of this report, the provision of a tax report is not required.

If the deadlines for filing reports are violated, enterprises are imposed rather large fines.

The activities of companies are subject to income taxes at rates from 10 to 30%. VAT accounting is also required when the company's sales in the UK exceed the threshold. 40 000. There are frequent cases of registration of offshore companies, as "sleeping", for the operation of joint ventures and representative offices.

Material prepared with the support of the site http://offshore-ltd.ru/ . Подробнее об offshore UK read in our materials.