{"id":4,"date":"2014-09-18T10:56:03","date_gmt":"2014-09-18T10:56:03","guid":{"rendered":"https:\/\/systemsandservices.co.uk\/?p=4"},"modified":"2024-05-07T17:25:12","modified_gmt":"2024-05-07T17:25:12","slug":"10-reasons-to-open-your-limited-company-in-the-uk","status":"publish","type":"post","link":"https:\/\/www.1stchoice-formations.co.uk\/blog\/10-reasons-to-open-your-limited-company-in-the-uk\/","title":{"rendered":"10 reasons to open your limited company in the UK"},"content":{"rendered":"<div class=\"dsd\">\n<p>The UK is becoming an increasingly popular location for international businesses to locate their companies.<\/p>\n<h5>Here are 10 reasons to open a limited company in the UK:<\/h5>\n<ul class=\"number\">\n<li>Very low rates of tax: From 1st April 2015 there will be a single rate of corporation tax of 19% for companies with profits of less than 50000.<\/li>\n<li>UK tax authorities now give incentives to start-ups: Generous cashback claims are available for Research &amp; Development  expenditure, including staff salaries.<\/li>\n<li>Low Share Capital requirement: Companies can be set up with share capital of just \u00a31.<\/li>\n<li>Total control of a company can vest in just one person: A company needs only one director and one shareholder, and they can be the same person.<\/li>\n<li>Simple Company Formation process: A company can be set up online in 3 hours. No need for paperwork, notaries, lawyers or magistrates.<\/li>\n<li>No residency requirements: Directors and Shareholders do not need to be UK nationals or UK resident.<\/li>\n<li>Owners protected from debt: The debts of the company are not payable by the shareholders.<\/li>\n<li>Minimal Compliance and reporting requirements. Small companies are only required to supply the simplest of accounts and do not require an audit, unless shareholders insist.<\/li>\n<li>EU Trading: UK companies have access to the largest single market in the world. There are no trading restrictions between member countries.<\/li>\n<li>Growing Seed capital base: There are ever increasing sources of finance for start-ups. These include Government-backed grants, crowd funding and venture capital.<\/li>\n<\/ul>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The UK is becoming an increasingly popular location for international businesses to locate their companies. Here are 10 reasons to<\/p>\n","protected":false},"author":2,"featured_media":282,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[7,8],"class_list":["post-4","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-company-formation-uk","tag-limited-company-in-the-uk","tag-reasons-to-open-uk-company"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>10 reasons to open your limited company in the UK - 1stchoice Formations<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.1stchoice-formations.co.uk\/blog\/10-reasons-to-open-your-limited-company-in-the-uk\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"10 reasons to open your limited company in the UK - 1stchoice Formations\" \/>\n<meta property=\"og:description\" content=\"The UK is becoming an increasingly popular location for international businesses to locate their companies. 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