Company Incorporation-On/Offshore handling. Annual Returns
Setting up a company in the UK is an important task. It is a legal agreement with the state under which you live in. You agree to abide by its rules in operating a body corporate to which you have given birth to and are responsible in your personal capacity for its nurture or in its demise. Anyone short of the capacity to carry out the above should first take advice. Note the words ‘personal capacity’.
Our service to incorporate UK companies is 365 days a year. We file online on your behalf if desired. Incorporation forms are made available to you on day of request with a standard Memorandum and Articles of Association for you to examine. Prior to setting up the company you may wish to discuss the intended activities, in order to select the appropriate name and terms under which you wish to operate. We provide temporary, initial Company Secretarial service after which, we resign and you are expected to nominate your own company directors and officers. If required we may act as Company Secretary and file documents including annual returns on a yearly basis. In due course a full package containing the Company certificate, register, minute book and share certificate/s are made available for your custody. Your official company seal can be ordered if required.
Offshore company set-up and handling is going through a new revival after setbacks. From early 2002 we have seen greater regulation on all jurisdictions. Not surprisingly, legal entity countries have held their own well due to demand. Stringent checks are in place. Revised ‘due diligence’ is not unknown every two years. This is to counter illicit practices - drug traffic, money laundering, VAT carousel frauds, etc. For overseas companies/structures, we can enable set-up in so far as the ownership is completely ‘offshore’ by proven current residential address. Birth certificates, passports/visas of the officers in their country of residence as provided by their embassies and proven track record, with a string of documents including bank references, are required. Supportive professional accountant's verification reports are not unusual submissions. Address evidence is from recent original bills, verified by solicitors’ authenticating each submitted page. Overseas companies administered in the UK, suit those non-resident individuals investing in the UK and/or holding expatriate funds in UK mainland offshore bank accounts, thereby not incurring UK tax liability on the income derived offshore. The appeal is to organisations/individuals who wish the facility of speed and convenience not provided in their own countries, i.e. to source goods from UK/Europe/US/Canada and emerging new economies. Trading accounts are now generally not afforded offshore status.
Having a facility of our UK office to direct your decisions, we are able to assist. It is, however worthy of note that management decisions cannot be carried out in the UK. Funds entering UK based bank account/s will be subject to UK taxation. This offer is not open to UK residents for whom income derived anywhere in the World is subject to UK tax.The European Union Savings Directive (EUSDT) became effective as of 1st July 2011, bringing the increase in the rate of Retention Tax on offshore savings from 20% to 35%.
For UK purposes, decisions need to be yours from overseas. We can legitimately carry out your instructions in acting for you, as agents, in our capacity as contact representatives to source goods to you from the UK and/or a receiving point for statements and documents needing your attention; indeed to receive you for meetings in the UK if desired. We look forward to hearing from you via our web link email account at info@finacolog.com