Intelligent Solution Group > Services > Registration and maintenance of a company in England (UK LTD) with a bank account

Registration and maintenance of a company in England (UK LTD) with a bank account

Setting up a business in the UK offers entrepreneurs a guarantee of security. The country is renowned for its prestige and reliability, and ranks among the top 10 nations in terms of economic development. Between 250,000 and 300,000 new companies are established here every year.

Price: from € 1 915

Company registration takes up to 14 days, provided that the necessary documents are submitted to us on time.

The benefits of registering a limited company in England

low registration and renewal fees compared to other jurisdictions;

the willingness of banks and payment systems to accommodate UK companies when opening accounts;

ease of managing the company;

the option to register a company remotely;

favourable tax regime;

a wide selection of ready-made companies for any sector of activity;

Requirements

1

A registered business address is sufficient to carry out business activities; an office is not required.
2

There are no requirements regarding the nationality of shareholders or directors.
3

A local secretary is appointed to facilitate registration and provide ongoing support.
4

The company is not an offshore entity. The companies are fully legitimate and are subject to English law.
5

The business register is open to the public, and information about the company’s beneficial owner is publicly available.

6

LTD is a UK resident company and is subject to taxation regardless of where it conducts its business.
7

Once a year, the company must submit an Annual Report and Financial Statements.
8

If taxable income for the past 12 months exceeds £90,000, the company is required to register for VAT.
9

From 6 April 2025, if a company’s annual turnover exceeds £15 million, or its total assets exceed £7.5 million, or its average number of employees exceeds 50, it will no longer be classified as a small business and will be required to undergo a financial audit.

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Taxation in the UK

corporate tax. For companies with profits of up to £50,000, the rate is 19%; for profits between £50,000 and £250,000, the rate rises progressively from 19% to 25%. If profits exceed £250,000, the rate is 25%;
capital gains tax – 18% for the standard rate and 24% for the higher rate;
withholding tax on dividend payments – 0%.

Stages

Analysis of your situation and selection of the company’s business activities

Checking whether the company name “LTD” is unique

We are preparing the documents required to register a company

We are submitting an application to register a company in England

We prepare the company documents and send them to you

We prepare the paperwork for opening a corporate bank account

We are submitting applications to several banks to obtain pre-approval.

We select one financial institution from those that have approved the applications.

We’ll guide you through the bank’s checks: KYC and AML procedures.

Once the process is complete, your account manager will notify you that your account has been opened.

If you encounter any difficulties communicating with the bank whilst carrying out your work, our specialists are always on hand to help; please contact your account manager.

Additional services

paid separately

открытие счета для физического лица;
opening an account for an individual;
verification of the source of funds;
setting up online banking;
making payments;
financial accounting;
passing compliance checks in the country of registration;
withdrawing funds from frozen accounts; company renewal;
obtaining an EMI license for fintech;
registering a limited company with HM Revenue & Customs, the UK tax authority;
obtaining a VAT number;
issuing additional documents — Certificate of Good Standing, Certificate of Incumbancy.

What types of business structures are available for companies in England?

In the UK, it is possible to register several types of companies:

LTD/LLC — a private limited company. This is the most popular business structure in the UK. Only one shareholder and one director are required; nationality is irrelevant. Tax returns must be submitted to the Companies House once a year.
A PLC is a public limited company. To register one, you must open an account with a UK bank and list the shares on a stock exchange. A PLC is required to undergo an audit and publish its financial statements publicly.
LLP stands for Limited Liability Partnership. In this case, at least two partners enter into an agreement with one another. This agreement sets out the procedure for distributing profits and allocating management responsibilities, as well as the rules for admitting new partners.
A branch or representative office of a foreign company. To do this, the parent company’s incorporation documents must be submitted, a registered address in England must be established, and a local manager must be appointed. The company must also complete the authorisation process with HMRC and the Companies House.

What documents are required to register a company in England (UK Ltd)?

Application for company registration.
Personal details of the company’s directors and shareholders.
Documents confirming the addresses of the company and its directors.
Payment of the government fee.

What documents are required to open a bank account for a UK company?

The following documents are usually required:

A registered business address in the UK, supported by documentary evidence (e.g. a tenancy agreement or a utility bill).
Documents confirming the identity and address of the company’s directors, authorised representatives and beneficial owners, including passports, driving licenses and/or utility bills.
A set of the company’s constitutional documents.
Documents confirming the nature of the company’s activities and the approximate scale of its operations, such as a business plan, contracts with clients or suppliers, etc.
Documents confirming the company’s financial position, such as financial statements, bank statements or proof of income.
Documents confirming the right to open a bank account in England, such as the company’s articles of association or a resolution by its founders appointing an authorised representative to open and manage the account.

Requirements may vary slightly depending on the bank. It is also worth bearing in mind that the process of opening a bank account in England can take anywhere from a few weeks to several months.

Ownership and management structure

An English limited company has the following structure:

The minimum number of directors is one. Both natural persons and legal entities may be appointed as directors, but at least one of the directors must be a natural person. There are no residency requirements.
The minimum number of shareholders is one. Both individuals and legal entities may be appointed as shareholders. There are no residency requirements. The same person may act as both director and shareholder.
A local secretary is appointed to facilitate registration and ongoing support.

Cases:

CASE: How to recover frozen $600,000

The client faced a problem with frozen funds in the account of his international company. The bank where the account was held was in the process of liquidation and froze all funds while starting an audit of its clients.

CASE: Forgotten $400,000

Our client decided to completely liquidate his company, established about 10 years ago in Latvia. During the liquidation process and communication with the bank, we discovered that the client had $400,000 in the account for several years — money everyone had forgotten about.