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Posted by Ab12 on October 6, 2024 at 5:14am 0 Comments

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United Kingdom of Great Britain and Northern Ireland (UK) is a constitutional monarchy located off the north-western coast of continental Europe. The country includes the island of Great Britain, the north-eastern part of the island of Ireland and many smaller islands of the British Isles. Large portion of the United Kingdom's GDP comes from the service sector. United Kingdom also has a large automotive business, millions of tourists every year and well developed air traffic.

Company formation
When you start a business in the UK you must choose a structure for your business. Most businesses in the UK are: sole traders, limited companies, partnerships. When setting up business in the UK you may need to apply for a licence, depending on what your business is.

Please check the expected company name and address with us to learn if such is available.
Details about company Director and Secretary
Share Capital and Shareholder Details
You must register for VAT with HM Revenue and Customs (HMRC) if your business turnover is more than £79,000.

Maintaining a company
Returns must be filed annually, failure to do so is considered a criminal offence and may result in a fine depending on the company type and duration of delay.
Your Corporation Tax rate depends on how much profit your company makes and may change on 1 April each year.

https://www.baltic-legal.com/offshores-company-united-kingdom-eng.htm

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