(1) |
UK Company Incorporation - Pre- & Post-Incorporation (a) Answering your questions in respect of the registration and maintenance of a company in UK; (b) Performing name availability search; (c) Payment of official registration filing fee to relevant authorities; (d) Drafting the standard of Memorandum of Association and Articles of Association; (e) Preparation of incorporation documents and registration forms; (f) Preparation of board resolution; (g) Preparation of compliance corporate kit, including Company stamp, Share Certificate Book, Register of Members and Register of Director etc. |
(2) |
Registered Office Address The registered office address of the UK company must be a located at UK. Kaizen will provide an address to be used as the registered office for UK company and receive government letters for one year. As stated above, the address we provide can be in London. If you prefer other location or address, we may need to adjust our fees accordingly. Kaizen could receive and forward business letters and couriers on behalf of clients, Kaizen will charge for £300 annually (excluded the courier charges). |
No. |
Description of Service |
Fee (GBP) |
1 |
Acting as Tax Representative (Agent) for purpose of VAT Registration (per annum) (Note 1) |
300 |
2 |
VAT Taxpayer registration (one off) (Note 2) |
300 |
3 |
Mail forwarding (per annum) (Note 3) |
300 |
4 |
Bank account opening introductory service (Note 4) |
500 |
5 |
Notarisation and legalisation (Note 5) |
TBA |
(1) |
The tax laws in UK do not impose any requirements for the appointment of tax representative on UK registered company. However, most UK companies will either appoint a tax representative or tax agent to deal with the VAT registration and reporting for and on behalf of their UK companies. A tax representative (a) must keep your VAT records and accounts and account for UK VAT on your behalf (b) is jointly and severally liable for any VAT debts you incur |
(2) |
Any business whose turnover exceeds (or will exceed) the VAT threshold in any 12 months period, not just the annual accounting period, must register for VAT and then account for it. Other businesses may choose to opt for voluntary VAT registration. Alongside other filing requirements, VAT registered companies must then complete a quarterly VAT return to HMRC, which is now done online. This breaks down the amount of VAT due on sales and the amount of VAT reclaimable on company purchases, with the difference between these being the amount of VAT payable to HMRC. The VAT return is due at the end of the month following the end of the quarter covered by the return. |
(3) |
For receipt of commercial mails, we will scan and email the mails received to you once a week. We could assist to forward business letters and couriers on behalf of clients at every month. Courier charges will be charged. |
(4) |
Kaizen will help you to open a corporate bank account for your UK company with a leading international bank. Please note the bank requires a simple majority of the directors (in some cases, all directors and shareholders) to visit their branch personally for the purpose of due diligence requirements. Our services are limited to providing assistance, including preparation of certified incorporation documents as required by the bank, pre-screen of account application documents, liaison with bank officer and arrangement appointment with the bank for you. Bank has the sole discretion to approve the application for opening an account. Kaizen will refund 80% of service charge for unsuccessful application if and only if not caused by client. |
(5) |
Kaizen can arrange to have the registration documents of your UK company notarisation by Notary Public and legalisation by the consulate general and designed attesting officers in British. Our fees for these services will be quoted upon request. |
(1) |
At least one shareholder and one director; |
(2) |
The shareholder could be a legal person or a natural person. There are no restrictions on the nationality of the shareholder; |
(3) |
The shareholder who is a natural person could act as a director, there are no restrictions on the nationality of the director; |
(4) |
Must have a registered address in UK; |
(5) |
There is no limit on the number of registered capital shares and issued shares. In general, the registered capital for a UK company is £100. |
(1) |
Please provide two to three English names for the UK Company. The company name must be ended with ‘LIMITED’ or ‘LTD’; |
(2) |
The copy of the passport and address proof issued within 3 months of shareholders (For example, utility bill, telephone bill or bank statement); if the shareholder is a legal person, the Certificate of Incorporation, corporate documents showing the registered address, Register of Directors, Register of Members and passport and address proof issued within 3 months of ultimate beneficial owners holding with more than 10% shares; |
(3) |
The copy of the passport and the address proof issued within 3 months of directors (For example, utility bill, telephone bill or bank statement); |
(4) |
If shareholder is a legal person, please provide an organization chart certified by director; |
(5) |
Filling the “KYC Questionnaires” and “UK Company Incorporation Order Form” provided by Kaizen. |
Item |
Procedure |
Working-Days (Estimated) |
1 |
Client confirms to engage Kaizen to handle the formalities of UK company registration and the time same time, sends the materials stated in Section 5 to Kaizen by email. |
Client’s Schedule |
2 |
Kaizen issues an invoice to client and client arranges payment of our service fees. |
Client’s Schedule |
3 |
Kaizen arranges with client to verify the identification documents of the shareholder(s) and director(s). |
Client’s Schedule |
4 |
Preliminary availability check of proposed company name. if available, Kaizen prepares company registration application documents and email them to client for signing. |
1 |
5 |
Client signs off the registration application documents and return them to Kaizen by email. |
Client’s Schedule |
6 |
Kaizen will file the incorporation documents with the Companies House. |
1 |
7 |
The UK Companies House review the documents and if it finds everything in order, issues a Certificate of Incorporation. |
1-2 |
8 |
Kaizen arranges company stamp. |
2-3 |
9 |
Kaizen delivers company registration documents (and seal and stamp) to the client. |
Client’s Schedule |
Total working days |
1 week |
(1) |
Certificate of Incorporation issued by the UK Companies House; |
(2) |
Registration Form IN01 for registration of a UK company; |
(3) |
4 standard copies of the Articles of Associations; |
(4) |
A Share Certificate book; |
(5) |
A company signature stamp, a company round stamp; |
(6) |
Documentary Register of Director, Register of Members and board resolution etc.; |
Item |
Services |
Fee (£) |
|
|
Basic Annual Maintenance |
||
1 |
Registered Office Address |
Yearly |
|
2 |
Preparation of Annual General Meeting and Filing of Confirmation Statement |
Yearly |
|
|
Subtotal: |
500 |
|
|
Other Maintenance Services |
||
3 |
Preparation and Filing of Annual Accounts (Dormant) |
Yearly |
250 |
4 |
Preparation and filing of Corporation Tax Return (Dormant) |
Yearly |
250 |
5 |
Accounting and bookkeeping |
Monthly |
140 up |
6 |
Preparation and filing of Corporation Tax Return (with computation) |
Yearly |
500 up |
7 |
VAT Registration (Voluntarily) |
One off |
300 |
8 |
VAT Registration (Mandatory) |
One off |
300 |
9 |
Preparation and filing of VAT Return |
Quarterly |
150 up |
10 |
Financial Statement Statutory Audit |
Yearly |
2,000 up |
11 |
Preparation of unaudited financial statements |
Yearly |
1,300 up |
12 |
PAYE Number registration |
One off |
100 |
13 |
Pension Scheme registration |
One off |
200 |
14 |
Payroll processing |
Monthly |
50/head |