What are the differences between Limited Liability Partnership (LLP) and Limited Company?

An LLP has a more flexible structure compared to a limited company while still remaining benefits of being a body corporate. Profits sharing among members of an LLP can be varied and the members’ agreement is not required to be registered with the Companies House. In addition, it’s not mandatory for a limited company to hold an annual general meeting.

How is an LLP taxed in the UK?

Individual members of an LLP are subject to tax for its share of profits.

How is a limited company taxed in the UK?

The current tax rate applied to a limited company in the UK is 19%. The tax is imposed on the company’s total income, which includes both domestic and international income. A limited company can be eligible for the UK’s network of double tax treaties to avoid double taxation on foreign-earned income.

What things should I notice about naming a UK LLP?

The following conditions for naming an LLP need to be satisfied:Ends with words of “limited liability partnership” or “LLP”;Doesn’t contain sensitive or restricted words by the regulations;Doesn’t imply a connection to government or local authority;Doesn’t include words that constitute an offence;Avoid using certain characters, signs, symbols and punctuation;Must not be the same or identical to the names of existing companies.

What are the initial requirements for setting up an LLP?

At least two designated members;A local registered address to receive notice of local authorities.

What things have to be done annually to keep a UK LLP compliant with local regulations?

Maintain a minimum of two designated members and a local registered address;Filing annual return and audited accounts.

How much does it cost to register a UK company?

It will depend on the type of business entity. Our Basic packages for a limited company and a limited liability partnership will cost you respectively US$549 and $499. They cover everything you need to set up a business in the UK.

Why should I use BBCIncorp's UK company formation services?

We are capable of registering a UK company in just 1-3 working days. Our packages are designed to meet all of your needs, with no hidden fee. Plus, our employees guarantee fast and responsive communication.Update: We have just released an all-in-one portal.It can help you manage and track your incorporation process(es) easily. Everything goes smoothly when using BBCIncorp's services.

UK company formation for Non-residents with bank account opening

Benefit

Offshore Company Registration in UK

The current corporate tax rate is set at 19%

Ranked among top 10 countries worldwide for ease of doing business by the World Bank

Supportive financial schemes accompanied by world-class infrastructure

Having access to one of the world's largest network of double tax treaties (DTT) with more than 130 countries

High-skilled labor force with a relatively lower cost compared to other European countries

Limited Liability Partnership (LLP)

1-3 business day formation

Organizational flexibility with tax advantage of a partnership

Member interests protected with limited liability

Tax exemption for non-residents owners with foreign-source income

Benefits from the reputation of a UK incorporated company

Private Limited Company (LTD)

1-3 business day formation

Separate legal entity

Member interests protected with limited liability

Corporate tax rate of 19%

Prestigious and professional business image

UK Company Formation Packages

BBCIncorp provides one of the best UK business registration services. Our packages include all costs of forming a company in the UK. We support you through every step of the incorporation process.

Limited Liability Partnership (LLP)

Private Limited Company (LTD)

company formation service in UK with bank account

Open a business account

for your UK company efficiently

For a business account, we have partnered with:

With their services, your UK company can easily receive and transfer money internationally.

Multi-currency business account

Support 80+ countries all over the world

Fast transfer with low fees

Mobile app and available debit cards

Incorporate your UK company with us! We offer free support for your business account.

Refund Guarantee

We refund your money in full for services that we cannot deliver.

Read our policy

Bring your next business venture online

Streamlined process

Start at your own pace. And reduce waiting time for back-and-forth email communication.

E-signature

Collaborate with your partner more easily. Less paperwork, more efficiency.

Digitized KYC

Standardized form & organizational chart to let you control and declare your information effortlessly.

Centralized management portal

24/7 access to company documents on high-security cloud infrastructure. And no worry about key compliance deadlines with auto reminder.

United KingdomCompany Incorporation Process

Create your orders

Enter our online order platform for easy onboarding experience and tailor your orders. We have different packages and additional services that suit your goals. All information filled in is secured over 256-bit encrypted line.

Make payment

You can settle payment for services via flexible payment options including debit/credit card of Visa, Master, Amex or Bank Transfer. After you complete payments, we will provide you a checklist of required information.

Collect and verify KYC documents

Once we've received your payment, our customer service will contact you to process the necessary paperwork. We'll guide you to properly prepare documents for incorporation via KYC online form. You can also access our digital Client Portal to proceed with the incorporation steps and keep track of the process anytime, anywhere.

Finish the company registration

The electronic documents are ready after 1-2 working days of company formation, and it takes 3-7 days for courier the original kit.

Required Documents

The list below presents general documents needed for UK offshore company registration. Contact us if you need further details!

Notarized / Certified copy of passport or identity card for all members;
Notarized / Certified copy or original of address proofs for all members such as utility bills, driving license, debit/credit card statement dated within 3 months.

We also provide true copy certification service for your personal identity documents as per your need.

* See certified true copy guide

Need more help to set up a business in the United Kingdom?

Just get in touch with us. We typically response within 2 hrs.

Frequently Asked Questions

Company formation

Corporate taxation

Maintenance requirement

The Americas

Asia Pacific

Europe, Middle East and Africa (EMEA)

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United Kingdom
Company Formation

Offshore Company Registration in UK

Limited Liability Partnership (LLP)

Private Limited Company (LTD)

UK Company Formation Packages