Offshore Companies
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Respectable jurisdiction of the average price category. Accountability is required, but taxes can be avoided.
Geography
United Kingdom of Great Britain and Northern Ireland is located in northern Europe on the two major islands and several small ones. Population - 60 million. Capital - London.
Politics
Britain - a constitutional monarchy. The head of state - King (Queen). The Legislature - bicameral parliament (the House of Commons and the Lords). Britain heads the British Commonwealth. Currency - British pound sterling (? 1 equals about 2.0 U.S. dollar. The official language - English.
About the company
Private limited company, abbreviated as LTD - the main type of company for international trade and investment. The minimum paid-statutory fund - ? 1 The minimum number of directors - one. Information about the directors publicly available. The minimum number of shareholders - one. Shareholder information publicly available. Director and secretary may be non-residents.
Taxation
If earnings do not exceed ? 350 000, tax rate - 20%. With the increase in profits tax increases. If profits exceed ? 1.5 million, tax rate - 30%. Companies engaged in international business, can significantly reduce their taxes by using Agent scheme.
Reporting
British companies are required to sit for an annual accounting. The company must appoint an auditor. The auditor's report referred to the Registry of Companies. Companies with sales of up to ? 1 000 000 from audit released and with a turnover of less than ? 350 000 should only submit bank statements and a summary accounting report, signed by the directors. Mandatory annual payments No.
Privacy Policy
Special legislation protecting privacy in Britain do not. The protection of customer information provides the common law.
Precarious readiness of the British tax authorities to cooperate with colleagues from other countries.
Benefits
Political stability;
The high reputation;
There is no currency restrictions;
Many treaties on the avoidance of double taxation, including and Ukraine;
Not included in the list of offshore jurisdictions CMU.
Deficiencies
The need to use additional offshore company for tax cuts;
Required to surrender financial statements;
Taxes;
Increased willingness of tax authorities to cooperate with other countries.
Features
First time reporting company delivered 18 months after registration;
The company determines the date of the end of the reporting period.
Application
Export-import operations,
Providing services to non-residents,
The investment holding company.
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