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Opening a UK limited company is at least as straightforward. Registering takes a couple of hours, it can be done entirely online and the fee is £12 ($15). You d
by jdietrich 8y ago
Opening a UK limited company is at least as straightforward. Registering takes a couple of hours, it can be done entirely online and the fee is £12 ($15). You don't need to be a UK resident. You do need a registered office in the UK, but a company formation agent will provide one for about £20 ($26) per year. All your tax returns can be filed entirely online and HMRC provide a very helpful tax advice service. It really is fantastically simple.
The obvious advantage to registering in Estonia would be the certainty of continued access to the European Single Market. We're still not entirely sure how Brexit will pan out.
https://www.gov.uk/limited-company-formation https://www.gov.uk/limited-company-formation
https://www.gov.uk/corporation-tax https://www.gov.uk/corporation-tax
Another option well worth considering is Stripe Atlas. It's not the cheapest way to start a corporation, but Stripe provide a huge amount of added value.
https://stripe.com/atlas https://stripe.com/atlas
- sloaken 8y agoHow are taxes in the UK as coimpared to Estonia?
- istotex 8y agoCorporation tax in the UK is currently at 19%. If you are a UK tax resident, you also have to pay dividend tax which starts at 7.5% (over your allowance).
- frereubu 8y agoMore information here: https://www.gov.uk/tax-on-dividends https://www.gov.uk/tax-on-dividends It jumps significantly (next step up is 32.5%) once you move into the higher income tax brackets, which start at £46k: https://www.gov.uk/income-tax-rates https://www.gov.uk/income-tax-rates
- BerislavLopac 8y agoBut only for the difference.
- kukabynd 8y agoIt’s also worth mentioning a UK LLP, which is a pass-through entity similar to what US LLC is to single non-residents. Quite viable.
- mattmanser 8y agoWhy? An LLP is supposed to be for lawyer partnerships, dental practices, etc. and has all sorts of limitations a ltd company doesn't. You can't sell equity in an LLP being a big, obvious, one, so basically you can't raise money.
- mkbkn 8y agoWow. That's a lot cheaper than opening a company in Estonia. How about the banking system for companies opened by non-residents? Can one get a multi-currency bank account easily?
- joeseeder 8y agoMulti currency in UK with regular banks is dead. Some time ago, you were able to have USD, EUR and GBP , now they don't open new ones easily. Alternatives likes Transferwise or Revolut would be the norm for operating across different currencies.