LONDON LTD



London is not only the capital of the United Kingdom, but also one of the most important financial centres in the world. Situated on the River Thames in the south-east of England, London covers an area of 1610 km2, and has a population of over 7.5 million, which makes it the largest city in Western Europe. London itself can be divided into many smaller areas, possibly the most well known of which are the City of London (the City), the City of Westminster and the West End. The City is the true financial and business centre, as is home to such institutions as the Bank of England, the Royal Exchange and the Stock Exchange, as well as the Tower of London and St. Paul's Cathedral. The City of Westminster has been the religious and political centre of the country for almost 1000 years. The Houses of Parliament, Westminster Abbey and Buckingham Palace can all be found within the City of Westminster. The West End is the centre of the shopping and entertainment worlds, including such famous areas and stores as Soho, Covent Garden, Harrods and Fortnum and Mason. While finance and services account for some 85% of London's economy, there is also a huge tourism industry.

History

"Londinium" was established by the Romans as an important communications centre shortly after their invasion in 43 AD, and a typical Roman town grew in the area now referred to as the City. The next major developments took place under the Saxons, and saw the emergence of Westminster as both a religious and political centre. Under William 1st London became the capital of the country, and also emerged as a commercial centre. In 1665 and 1666 London was devastated first by the Great Plague and then by the Great Fire of London, which destroyed 80% of the city. London was rebuilt and by the end of the 17th century had grown to be the largest city in Europe, and phenomenal growth over the following 200 years made London the largest city in the world, though this was only short-lived, as by 1920 New York had taken over the mantle. The "Blitz" during the Second World War caused extensive damage, and led to a re-building and modernisation programme. The 1950s also saw a huge increase in the number of immigrants, which helped give London its multi-racial character.

Politics

London has always enjoyed a slightly different status, having its own mayor for many years (a system which was re-introduced in May 2000) and also having its own police force. It is also, of course, the home of the British Parliament, and seat of both the monarch and the prime minister.

United Kingdom - Limited Company

INCORPORATION DATASHEET
Method of incorporation / registration:	The Memorandum and Articles of Association must be signed by the subscriber of the company. The subscriber may be any private person or body corporate without any restrictions.
Company legal form:	Private Limited Company by shares
Company status:	Resident Company
Source of corporate legislation:	Common Law Companies Act, 1985 and Companies Act, 1989.
Possible suffixes to company name:	Limited or Ltd.
Restrictions on company name:	The terms Chamber of Commerce, Trust, Chartered, Royal, Municipal, and Windsor may not appear in the company name.
Time required for incorporation:	2-3 weeks
Number of directors:	Minimum 1 of any nationality
Number of shareholders:	Minimum 1
Capitalisation:	No minimum
Accounting / reporting requirements:	Yes. Annual report and audited accounts are required.
Type of shares:	Registered or bearer.
Annual tax and duties:	18 GBP + 0-30% Corporate tax on profit.
Information publicly available:	Directors, registered office, accounts, registered secretary.
Disclosure of beneficiaries:	Not required
Registered office:	Local registered office is required by law.
Registered secretary / agent:	Registered secretary is required by law, but there are no restrictions on location.
Double tax treaty:	The UK has the widest network of DTTs.

COMPULSORY COSTS (payable prior to registration)

FORMATION FEES
Registration fee:	190 GBP
Notarial certification:	95 GBP
International authentication (Apostille):	125 GBP
Legal expenses, filing fees and stamp duties:	20 GBP
Issuing of share certificates and initial minutes and forms:	95 GBP
Corporate seal:	30 GBP
Courier fees:	35 GBP
Subtotal:	300 GBP
ANNUAL FEES*
Registered office and registered agent:	490 GBP
Annual tax and duties:	20-28% on profit
Administration fee	250 GBP
Subtotal:	690 GBP
Total:	990 GBP

The annual fees for the first year of existence of the company are payable prior to registration. Subsequently, the amount of 20-28% on profit is payable annually, beginning from the second year of existence of the company. Non-payment of the annual fees results in the company being struck off the Company Register.

The amount of 990 GBP includes the following services: formation of the company, duties payable to the local authorities for the registration of the company, provision of registered office and registered secretary for 1 year, luxury leather corporate kit containing Certificate of Incorporation with Apostille, Memorandum & Articles of Association, Corporate Register, share certificates, initial forms and minutes and 2 company seals. The price contains no hidden costs!

OPTIONAL COSTS
Nominee shareholder:	250 GBP/year
Notarial Certification:	150 GBP
Certificate of Good Standing:	190 GBP
Apostile:	125 GBP

LAVECO Ltd. is pleased to offer its clients shelf Limited Companies in the UK registered within the framework of a special, advantageous tax scheme. In the case of purchase of a shelf company the paperwork and documentation involved can be completed in just one hour. Contact our office for details and a list of shelf companies!

SHELF COMPANY PACKAGE
Formation fees including annual fees for the first year. Ready made UK Limited Company:	990 GBP
Fees payable from the second year. Annual duties, registered office and registered secretary:	690 GBP + Corp.tax on profit