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