1. ADVANTAGES |
Same rights as German or Austrian GmbH/GesmbH Can be registered as independent and dependent registered office Cost saving foundation and low current costs Low responsibility capital No capital payment or proof necessary Free choice of name (also German names and terms) Simple administration No black lists" for UK Limitids Absolute Nominee - Service possible ? Perfect anonymity ONLY AT AUSTRIAN MARKETING COMPANY LTD. all documents include German translation all certificates include the Apostille of a UK Legislation Office, officially translated and witnessed by a notary basic reports in German and English as well |
2. DISADVANTAGE |
none - same legal status as home (inland) company |
3. DRAFT |
UK Companies Acts 1985/1989 - Common Law |
4. CHOISE OF NAME |
free (must end with Limited or Ltd.) |
5. TIME OF REGISTRATION |
about 14 workdays |
6. ORDINARY SHARE |
Minimum 100 Pounds Sterling - need not be paid in registration in foreign currency possible too |
7. RESPONSIBILITY / SHARE DRAFT |
2% of the ordinary share - minimum |
8. SHAREHOLDER |
at least 1 person |
9. DIRECTORS |
at least 1 person |
10. SECRETARY |
at least 1 person |
11. PUPLIC EXPLANATIONS |
director, secretary, shareholder, head office, contract of shareholders, company result |
12. BOOK KEEPING |
yes, the book-keeping is transferred |
13. ANNUAL RETURN |
yes |
14. SEAL DUTY |
no |
15. TAXES |
yes, at the moment 24-33% from the company profit -Corporation Tax |
16. DOUBLE TAXESION |
yes agreement |
17. VAT REGISTERED |
yes, with a registration in England 17,5% VAT with an independent registered office in Germany 15% Mwst. |
18. SHAREHOLDER MEETING |
yes, annually - in England or at any other place |
19. SUBSIDIARIES |
independent or dependent can be registered as trade with an independent subsidiary registration in the register of companies or trades too |
20. HEAD OFFICE |
yes, legally laid down |
21. NOMINEES POSSIBLE |
yes, for all positions Nominees are possible |