UK LIMITED COMPANY
WHAT IS AN LTD ?
LTD takes the form of a natural person, that is even used in 95% of economic activities carried out in England. LTD can be thus defined as natural person whose debts and obligations are solely in charge of the shareholders’ capital and, then, the same kind of company can be used to conduct different businesses, by making it out to the same also real estates.
According to the judicial definition given by the English Court of Justice, LTD is considered as a third entity compared to shareholders and directors, thus it is an ideal model to arrange a business both in case of one and more shareholders.
Why an UK LTD is advantageous
As Ltd is settled up in England, it can benefit from a great economic reputation of the country: furthermore, this country is also a reference point for European trade toward Asia and USA, since local laws are applicable to make profits.
For this reason, England is an ideal place to start a business easily, avoiding complex bureaucracy and additional costs, that would aggravate the establishment and start-up phase.
This country also offers tax advantages- that are lower if compared to other European countries- but sometimes nonexistent. It’s important to underline that England is not a Free Zone country, thus there exist some rules to respect and apply when necessary.
Another great advantage of opening an English Ltd, is the possibility of rendering dormant a company, whenever the owner is unable to work, for example in case of illness, without paying any tax. Furthermore, In England there are no local tax on physical person, no fee for registration in public company register, and any municipal taxes.
England has agreed many conventions against double taxation, with all UE countries, and what’s more has no problem with licenses. Here you do not find professional registers and an LTD can easily work in any jurisdiction of the global market.