UK companies

UK In the UK a huge number of companies are registered every year since the registration process is quite simple. For registration only one founder is enough.  They can be a resident of any country. There are no requirements for minimal authorized capital. The UK has already attracted many foreign holdings. Head holding companies are often registered in UK. Great Britain has agreements with many countries regarding the avoidance of double taxation. The creation of trust companies is authorized. Corporate tax on net profit is 20% to 32,5% depending on amount of profit. For a companies in holding structure the threshold values ​​of income for taxation at the lowest possible rate are even lower. The UK holding companies that receive dividends from non-resident enterprises shall pay corporate income tax, which can be reduced by the amount of foreign taxes paid, i.e. only difference is charged. This taxation method is called „tax credit” method – the total amount of taxes paid with dividends is taken into account of corporate income tax. In addition to the advantageous taxation of holding companies the registration of a  company in Great Britain has many other advantages. For example, there is „Limited Liability Partnership” which is a business legal entity. Taxation of such a legal entity is divided between partners – each of them has to pay tax from their share in partnership and there is no corporate income tax at all. If the partners are non-resident companies it makes for an excellent offshore concept with low taxation and registration in the country with good image. www.offshore-holding.com

Belize: the most popular offshore jurisdiction.

Currency: Belize dollar (BZ$)

Authorized capital: The ordinary stated authorized capital is 50,000 dollars, divided into shares with or without par value. The authorized capital may be nominated in any currency. The minimum issued capital may be 1 share with our without par value. Taxes: 0% Annual reports: none, but financial reports shall be kept Limitation of Belize offshore companies: An international business company may not conduct business or have property in the territory of Belize, and may not engage in banking, insurance or reinsurance business, be a managing company or a registration agent. Name of the offshore company The name of your offshore company should end in the following words or abbreviations: Limited, Corporation, Incorporated, Society Anonyme, Sociedad Anonima or Aktiengesellschaft or Ltd., Corp., Inc., S.A., A.S. or A.G. The name may not include the following words: Assurance, Bank, Building Society, Chamber of Commerce, Chartered, Cooperative, Imperial, Insurance, Municipal, Royal or Trust, or any other words denoting patronage of Her Majesty or any other member of the royal family, or having any connection with the government of Belize.

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Change of registration agent

Registration agent – is a specially licensed company, which carries out the registration and further support of the company such as the payment of government fees, submission of documents, and required reports to the Registar of Companies, as well as keeping accounting and other documentation. Registration agent is located on the territory of the country where company is registered. Usually the address of registered company office is the same as office address of the registration agent.

The list of supporting services can vary depending on the jurisdiction and on the existing legislative regulations. Thus, in tax-free (offshore) zones the minimum requirements for the support are legally fixed. For the low-taxes zones responsibilities of agent or secretary in annual company support is much more.

A standard set of services provided by Registration Agent can be extended with other services, such as obtainig of certificates, apostilling, introduction of alterations in corporate documents etc.

Company administrator

Foreign company can have an administrator, through whom all interactions berween beneficiary and registration agent will be implemented. In this case all services on annual company support and additional services are performed directly through company administrator. The job role of the administrator is to coordinate all requests of  beneficiary quick and accurately. 

Constant „linkage” of company to a registration company or administrator it not determined legislatively. So if you think that the cost of services for your company is considerably overstated or the service provided by your registration agent (or administrator) is not  good enough or communication in between is not proper you can change the registration agent or administrator.

By contacting us you can get assistance in this matter. We will prepare all required documents and help with changing of registration agent or administrator. For this you will need only a formal decision of the beneficiary on changing of administrator of agent.

The order of appointing a new registration agent

Transfer of a company under our administration and appointing a new registration agent is free of charge. We will prepare trasnfer documents, notification letter of beneficiary on appoining new agent, to clear all issues with a licenced company or an administrator.

Legalization of corporate and transfer documents, sending by courier for signing and order of certificates is paid separately. The cost depend on where and whom company was registered and whether the company uses nominal service*.

One of the main problems which can appear is the payments of fines or other debts of company to the existing registration agent or administrator.

Documents nesessary for changing of agent or administrator:

1.      Copy of the foundation agreement (to determine the registration agent name and address of registered office);

2.      Document to confirm personality of the beneficiary;

3.      Copy of the passport of the beneficiary (shall be attested in our office by personal presentce or it can be notirized copy sent by courier to us).

*Please note, that with changing of registration agent it will be changed the registration office and the nominal service (if it was used).
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