UK Private Limited Company

Currently in the UK, there are about 1.15 million private limited companies, compared to around 500.000 partnerships and 2.8 million sole traders. A private limited company is owned by its shareholders, who have limited liability, cannot offer shares for sale in the stock market and it must be registered at Companies House.

The UK private limited companies are subject to corporation taxes (that include the capital gains tax), which are paid to the Inland Revenue and the Registrar of Companies at the end of the company's financial year. Just like within the Cyprus jurisdiction , the UK private limited companies need to have a registered office address in the country, while they also need one director, who may be of any nationality. It’s also worth mentioning that the UK taxation system offers commercial opportunities to reduce tax payable for those engaged in international business and the country is party to more Double Taxation Treaties than any other sovereign state.