United Kingdom (UK) Offshore Company Incorporation
At Worldwide Fellow, our experts are readily available to assist our global clients to register a company in the United Kingdom. The services include company formation, providing local nominee directors, and opening corporate bank accounts.
On average, your UK company can be registered within three working days upon submitting the necessary documents.
Setting Up A United Kingdom Company : Your United Kingdom Offshore Company
Typically, the process of incorporating your new UK legal entity can be as fast as three business days, as soon as we have received all necessary documentation in order.
Step 1 : Making Reservations
• Choose a business entity: Our team of experts will reach out to you and advise you on the different types of companies in the United Kingdom that best fit your business profile. The most common option for offshore companies in the UK is a Private Limited Company.
• Choose a company name: Concurrently, we will thoroughly search the local Registrar’s Index of Names for the availability of your desired company name and reserve it. The company name has to be unique and not in use by another business.
Step 2 : Registration
• Appoint directors and shareholders: A company in the United Kingdom must have at least one director and one shareholder, who can be individuals or corporate entities. At least one director must be a resident of the UK. We can provide resident nominee directors and shareholders, if necessary.
• Completing all documents: A company in the United Kingdom must have at least one director and one shareholder, who can be individuals or corporate entities. At least one director must be a resident of the UK. We can provide resident nominee directors and shareholders, if necessary.
Step 3: Additional Services
✓ Providing Nominee Services (Director / Shareholder)
✓ Opening of a Corporate Bank Account with International Banks
✓ Providing a Local Address or Serviced Office
✓ Obtaining a Business License (if necessary)
Step 4 : Delivery
And you’re done! After the successful incorporation of your new United Kingdom entity, you are all set to carry out business worldwide. We will courier over the relevant incorporation documents to your preferred address for your safekeeping. Time of delivery varies depending on your location.
Frequently Asked Questions on United Kingdom (UK) Offshore Companies
There is no minimum paid-up share capital requirements.
There is no audit requirement for companies with revenues below GBP £1,000,000 and net assets of less than GBP £1,400,000.
No. It is not required for you to be physically present in the United Kingdom for the incorporation process. Our team of experts will assist you every step of the way.
No, if an offshore company earns foreign income from a business operation that is conducted entirely outside of the UK and has no UK source income, it may not be required to pay UK taxes on that income.
However, in general, if an offshore company carries on business or earns income in the UK, it may be required to pay UK taxes. They are required to pay Corporation Tax, Income Tax, Capital Gains Tax and VAT.
Corporation Tax rates are at 19% – 25%.
Income Tax rates can be up to 45%. Dividends are exempted, and no double taxation on dividends throughout the EU.
Capital Gains Tax (CGT) rates are from 18% – 28%, depending on the amount of your taxable income. Non-residents of UK offshore companies typically do not pay CGT with the exception of real estate in the UK.
VAT, or Value Added Tax is at a standard rate of 20% (some exceptions at 5%). Your offshore company has to register for VAT if its annual turnover is more than £85,000. Thereafter, you can reclaim input tax and collect VAT from your clients.
Contact Us
Your Business In United Kingdom (UK) Made Easy
Ready to incorporate in UK? Talk to our experts today and get your UK company up and running in no time!