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UK Limited Liability Partnership (LLP) Incorporation Procedures and Fees

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UK Limited Liability Partnership (LLP) Incorporation
Procedures and Fees

Unless otherwise indicated, the LLP stated in this quotation refers to a Limited Liability Partnership (LLP) incorporated in UK in accordance with the United Kingdom Limited Liability Partnerships Act 2000

Our fee for the incorporation of an LLP in the United Kingdom is GBP1,000. The fees quoted include our professional incorporation service fee, registered office address in UK for one year and payment of official government fee. For details, please refer to the Section 1 of this quotation.

A LLP is a separate legal entity conferring full limited liability on its members. There must be at least two members, but there is no upper limit. At least two of the members must be named as 'designated members', who accept responsibility for sending information to Companies House for registration, etc.

For the purpose of registering a LLP in UK, you will need to provide the identification documents and proof of address of each partner, registered office address (if provided by the client), and the main business scope and business models of UK companies. The required documents and materials are detailed in Section 5 of this quotation.

In general, the registration of a LLP takes around 3 to 5 business days. However, Companies House might conduct audits base on the business scope and the identity of the investors, and the registration time shall be extended.

The fees quoted are applicable to the business which does not require an additional license or permit. If the business to be carried out by the UK company requires an extra license or permits, Kaizen can help apply for such license or permit and our fees will be quoted upon request.

The fees listed in this quotation are for reference only and the actual fees are subject to the quotation provided by our professional consultants.

Registration Service Scope and Fees

Our fee for handling the registration of a limited liability partnership (LLP) in the United Kingdom is GBP1,000, inclusive of official filing fee. In particular, our fee covers the following services: Memorandum

(1)

Pre- & Post-Incorporation

(a) Answering your questions in respect of the registration and maintenance of a LLP in UK;
(b) Performing name availability search;
(c) Payment of official registration filing fee to relevant authorities;
(d) Drafting a standard LLP agreement;
(e) Preparation of incorporation documents and registration forms;
(f) Preparation of board resolution;
(g) Preparation of compliance corporate kit, including Company stamp, Certificate of Interest, Register of members.

(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.

Please be advised that HMRC does not accept the company's address provided by the company accountant to be used for VAT registration. Therefore, the fee outlined above does not include VAT registered address.

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 £300 annually (excluding the courier charges).

Note:
(1) Our fee includes a standard partnership agreement, bespoke agreement can be drafted with extra charge;
(2) This package included the service fees, registered address service and the government registration fee. However, this package does not include the courier fee during the registration process of the applicant company, if any.

Optional Services and Fees

No.	Description of Service	Fee (£)
1	VAT Taxpayer registration (one off) (Note 1)	500
2	Mail forwarding (per annum) (Note 2)	300
3	Bank account opening introductory service (Note 3)	500
4	Personal Code Registration	100 (per person)

Note:

(1)	Any business whose turnover exceeds (or will exceed) the VAT threshold of £90,000 in any 12 months period, not just the annual accounting period, must register for VAT and then account for it. Most goods and services are charged at the standard VAT of 20%. 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.
(2)	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.
(3)	Kaizen will help you to open a online account for your UK LLP with Airwallex. Our services are limited to providing assistance, including preparation of certified incorporation documents as required by the bank, pre-screen of account application documents etc. Bank has the sole discretion to approve the application for opening an account.
(4)	Under the new legal requirement under the Economic Crime and Corporate Transparency Act 2023, any individual who is a director/member of a UK registered company, or a Significant control (PSCs) must verify their identity and obtain a unique “Personal Code” issued by Companies House. The Personal Code is personal to you, not to your company, and if you hold multiple directorships/ownerships you only need to verify once and then use the same code for each company/LLP.

Payment Term and Payment Methods

We currently accept Hong Kong Dollar check, cash or TT and credit card through PayPal only. If payment is settled through PayPal, extra 5% services fee will be charged. Upon receipt of your order, we will issue an invoice to you for your settlement. Because of the nature of services, we require full payment in advance. Also, once service is commenced, no service fee will be refunded except special cases.

If China or Taiwan official tax invoice is required, Value-Added Tax or Business Tax at the prevailing rate in the respective jurisdiction will be charged.

Basic Structure

(1)	Must have at least two designated members;
(2)	Must have an LLP agreement detailing the regulation of operation of the LLP;
(3)	No restrictions on the capital of the partnership;
(4)	No restrictions on the nationalities of designated members.

Materials Required

Client needs to provide the following documents and information to Kaizen by email or fax or post for purpose of incorporation:

(1)	Please provide two to three English names for the UK LLP. The company name must be ended with ‘ Limited Liability Partnership’ or ‘LLP’;
(2)	The copy of the passport and two copies of address proof issued within 3 months (Issued by two separate authorities) of designated members (For example, utility bill, telephone bill or bank statement); if the designated members 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 25% ownership;
(3)	If designated members is a legal person, please provide an organization chart certified by director;
(4)	Filling the “KYC Questionnaires” and “UK LLP Registration Order Form” provided by Kaizen.

Acceptable address proof can be a utility bill or bank statement. Information of director/shareholder (full name and full address), document type, document issuing date and name of issuing authority must be clearly stated. If the document is not written in English, you are required to provide an English translation document for reference and as supporting.

The identification documents and address proof of shareholders and directors are subject to certify by Kaizen’s staff, notary offices, attorneys, accountants, or bank managers. You may visit any of our branches to complete the verification if needed.

Registration Procedures and Time Frame

Under normal circumstances, the company name and the business scope do not need an extra license or permit, the whole process for a LLP registration takes around 2 weeks. The table below shows the procedures and time frame:

Step	Procedure	Working Days
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	Application for person code of each PSC (upon request)	7-10
5	Preliminary availability check of proposed company name. if available, Kaizen prepares company registration application documents and email them to client for signing.	1
6	Client signs off the registration application documents and return them to Kaizen by email.	Client’s Schedule
7	Kaizen will file the incorporation documents with the Companies House.	1
8	The UK Companies House review the documents and if it finds everything in order, issues a Certificate of Incorporation.	3-5
9	Kaizen arranges company stamp.	2-3
10	Kaizen delivers company registration documents (and stamps) to the client.	Client’s Schedule
Total workings days: 2 weeks

Post Registration Documents

After the registration process is completed, Kaizen will return the following documents and materials to client for retention and as proof that the LLP is duly registered:

(1)	Certificate of Incorporation issued by Companies House;
(2)	A Copy of LLIN01 Form;
(3)	A standard Limited Liability Partnership Agreement;
(4)	A certificate of intertest in the LLP;
(5)	A company signature stamp, a company round stamp;
(6)	Board Resolution and registers.

The above documents are also available for pick up in any Kaizen offices. We can also courier the documents to any address designated by client.

Annual Maintenance

Each Limited Liability Partnership (LLPs) must fulfill various filing and reporting requirements, including submitting annual accounts, confirmation statements, maintaining statutory registers, and reporting changes to Companies House and HMRC, ensuring compliance with legal obligations.

If the UK Company is carrying on a trade in goods or trade in Services in the UK, the LLP is required by law to prepare the Company Tax Return and be filed with HMRC.

In order to provide our existing and potential clients with a clear picture of what they should budget to maintain their UK LLP in good standing, we have prepared the below table detailing the related compliance and maintenance costs for their reference. The actual costs will vary in accordance with the nature of business or scale of operation of the LLP and some other factors.

Item	Description	Amount (£)		Note
Basic Maintenance Costs (Fixed)
1	Annual Fee to file a Confirmation statement	Yearly	110	1
2	Registered Agent Service	Yearly	250	2
3	Registered Office Address Service	Yearly	250	3
Subtotal:			*610*
Accounting and Tax Related Fees (Variable)
4	Accounting and bookkeeping	Monthly	250 up	4
5	Preparation and Filing of Annual Accounts (Dormant)	Yearly	250
6	Preparation and filing of Corporation Tax Return (Dormant)	Yearly	250	5
7	Preparation and filing of Corporation Tax Return (with computation)	Yearly	500 up	5
8	VAT Registration (Voluntarily)	One off	500
9	VAT Registration (Mandatory)	One off	500
10	Preparation and filing of VAT Return	Quarterly	150 up
11	Preparation of unaudited financial statements	Yearly	2,000 up
12	Financial Statement Statutory Audit (if request)	Yearly	6.000 up	6
13	Change of Financial year date (optional)	One off	120

Note:

(1)	The statutory annual fee to file a confirmation statement is £110 if filed online, subject to change by Company House.
(2)	Kaizen’s annual registered agent services include: (a) preparation and filing of confirmation statements; (b) updating and maintenance of statutory registers
(3)	Kaizen’s registered office services include providing a street address in UK as the registered office of the client’s company and receiving mails from the Government only.
(4)	Kaizen’s fee for accounting (book-keeping) varies from case to case. In particular, Kaizen’s book-keeping service fee will depend on the volume of accounting transactions. Accounting transactions include number of sales invoices, purchase bills, checks, bank remittances, and bank receipts etc. The number of transactions, the nature of business/transactions and tidiness of record keeping will all have an impact on the fees charged by Kaizen. Please contact Kaizen to obtain the accounting fee schedule.
(5)	This fee covers preparation and filing of Corporation Tax Return only.
(6)	The fees for auditing financial statements are mainly determined by the nature of business and turnover and the types of assets held by the company. In general, fees for auditing the financial statements of a LLP which is engaged in trading business and at the same time holds investment in property and security will definitely higher than that for a company with trading business only. Please contact Kaizen to obtain the audit fee schedule.

The above quotations are for preliminary reference only and do not constitute final transaction terms. All service fees shall be based on the actual quotation provided by our company for each individual case. We reserve the right to adjust pricing at any time without prior notice.

If you wish to obtain more information or assistance, please visit the official website of Kaizen CPA Limited at www.kaizencpa.com or contact us through the following and talk to our professionals:
Email: info@kaizencpa.com
Tel: +852 2341 1444
Mobile : +852 5616 4140, +86 152 1943 4614
WhatsApp/ Line/ WeChat: +852 5616 4140
Skype: kaizencpa

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