- No restrictions to the minimum size of the authorized capital.
- The rate of corporate tax is 25%, while profit before 250'000 GBP, if the company more profitable - tax rate of 35-33%. In the absence of profits earned in the UK, tax on the company under certain conditions is not charged, but must be filled and submitted audit reports.
- Paying taxes abroad could result reducing tax obligations to Britain, provided it is done in the state, has signed an agreement with Britain on avoidance of double taxation (for example, all the States of the European Economic Community).
- Directors and shareholders may be citizens of any nation and to be anywhere.
British offshore companies
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British companies have some characteristics that make them more attractive, namely:
Beginning in 1994, after amending the Law on Finance, the UK company could now become a non-resident of Great Britain in taxes. To achieve this, the company must submit the necessary application to the Department of internal taxes. In addition, directors and shareholders must be residents of Great Britain and companies to do business outside the UK in the State, has signed an agreement with Britain on avoidance of double taxation. In addition, the Finance Act does not oblige to pay tax in the second State. Just the fact that in this state is fiscal control.
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