United Kingdom Fact Sheet
Corporate Details
| Min. No. of Shareholders | 1 |
| Min No of Directors | 1 |
| Min. Share Capital | GBP1.00 |
| Corporate Directors | Allowed but must have at least one natural person as director |
| Company Secretary Required | Optional |
| Usual Share Capital | GBP50,000 |
| Bearer Shares | Not Allowed |
| Production of Accounts | Yes |
| Audit of Accounts | Yes |
Local Requirements
| Registered Office | Yes |
| Registered Agent | N/A |
| Company Secretary | No |
| Local Directors | No |
| Local Shareholders | No |
| Local Meetings | No |
| Government Register of Directors | No |
| Government Register of Shareholders | No |
Annual Requirements
| Annual Renewal Fee |
US$100 |
Restrictions on Trading
| Cannot undertake activities for which a licence is required, unless licensed. |
| Cannot undertake the business of banking, insurance, reinsurance unless licensed |
Attractive Features
Below is a summary of some of the more attractive features of the IBC Act:
- Speedy incorporation procedures and simple ongoing administration.
- Reasonable formation and maintenance costs and fees.
- No minimum or maximum capital requirements.
- May engage in any lawful business in any country and may carry on transactions in whatever currencies they choose.
- Only registered shares may be issued.
- Need not to have more than one director.
- The shareholders, directors, officers may be of any nationality and may be residents of any country.
- Neither the directors nor the officers need be a shareholder.
- Directors and/or officers can be either corporate entities or natural persons, provided at least one natural person director.
- Shareholders and /or directors may hold their meetings in any country and they may attend such meetings by proxy.
- Familiarity of incorporation documents (Memorandum & Articles of Association, Certificate of Incorporation).
- Apostille available should documents need to be legalised.