Types of companies in United Kingdom
- Privatelimited company-LTD
- Responsibility
- Minimum capital
- Min. number of shareholders
- Generally, recommended for
- Privatelimited company-LTD
- Limited
- No min.
1
Mostly used
- Private company limited by guarantee
- Limited
- No min.
1
SMB
- Privateunlimited company-Unltd
- Unlimited
- No min.
1
SMB
- Publiclimited company-PLC
- Limited
- 50,000
1
- Bigcompanies
- Generalpartnership
- Unlimited
- No min.
2
- Generally, recommended for
- Communityinterest company
- Unlimited
- No min.
1
- Non-profitable companies
Corporate tax rate in United Kingdom
In the UK, the corporate tax rate is 19% and should be lowered down to 17% in 2020. These reductions are in line with a pro-business policy led these last years by David Cameron and Theresa May.
Questions
Why should I incorporate my company in United Kingdom?
- In the UK fiscal policy is competitive and appealing.
- The country is specialized in high added-value sectors such as the aeronautical, pharmaceutical or automotive.
- Hydrocarbon production covers three-quarter of the country’s energetic needs.
- There are high quality financial services.
Which difficulties can be encountered in United Kingdom?
- Relations between the UK and the EU are very uncertain because of the future Brexit.
- The country suffers from low productivity and a lack of suitable training which threats innovation.
- Indebtedness, public or private, is high.
- There are a lot of disparities, especially for energy transportation, between the South-East (especially London) and the rest of the country.
Which are the cultural specificities of the world of work in United Kingdom?
- Punctuality is very important, whether for deadlines, meetings or appointments.
- It is badly perceived to give direct orders.
- Hands are shaken only at the first meeting.
- Hierarchy is not very formal, it is common to call managers by their surname.
- Excessive demonstrations of emotion should be avoided.
