UK Ltd for Contracts and Payments
Every UK Ltd has a company number and incorporation date. A counterparty can open Companies House and see the name, status, registered office and filing history. For a ready-made or vintage company, the same record shows the original incorporation date.
Traditionally, a company in England has never been an offshore or tax-free company. However, if one considers an English LLP or the formerly popular Scottish LP, they are also legal entities: in practice an English company that is not itself a Corporation Tax payer, like an ordinary offshore company. If the participants in such an LP or LLP are offshore companies that also lawfully pay no tax, for example two Marshall Islands offshore companies, then in practice no tax arises anywhere and the result is an offshore structure in England.
Contracts with clients and suppliers are entered into in the name of the English legal entity. For IT, trade, e-commerce, consulting and other international services, this gives one company for contracts, invoices and ownership of the domain or brand.
The account does not have to be in the United Kingdom. A UK Ltd can use EUR/SEPA in Europe, PLN in Poland, CZK in the Czech Republic, CHF in Switzerland, SGD in Singapore or HKD/USD in Hong Kong. For a business with several markets, a primary and a second account are convenient.
If company age and capital are important for the project, a vintage UK Ltd incorporated 10–15 years ago can be purchased or a company with statement of capital from £1,000,000 can be registered.
- Company number and public Companies House record
- Contracts and invoices from UK Ltd
- Company bank accounts in different countries
- Vintage Ltd 10–15 years old
- Capital from £1,000,000