Limited and its structure

Due to British legal system the Limited company formation is cheap, easy, fast and continual. You just need one individual to serve as director what is the only legal requirement to form a company. Companies often have a secretary (individual or corporate) who has a few duties set out in the legislation. Nominee secretary is often appointed in order to fulfil this role in a professional capacity.

You also need an owner called shareholder. Shareholder may be director or secretary at the same time.

 Any or all of the company's officers can be resident anywhere in the world and can be of any nationality.

Who can be a director?

The only restrictions that prevent anyone becoming a director are:

• they must not have been disqualified from acting as a company director (unless the court has given them permission to act for a particular company);
• they must not be an undischarged bankrupt (unless they have been given permission by the court to act for a particular company);
• they must be older than 16 years.

Every company must have a registered office within the UK which is the official legal address of the company. It must be a physical address (i.e. not a PO Box without a physical location) as British authorities will use this address to send correspondence to. Company's register is hold here (see Secretary) and it must be accessible to everyone during usual opening hours.

A private company limited by shares is owned by its members (called shareholders). The liability of each member is limited to the original value of the shares issued to them, but not paid for. It is usually £1.

Owners may by anonymous if he uses nominee shareholder service. Similarly, nominee director services may be offered for those who wants to serve as shadow director.

We offer registered office facilities and secretary services for companies that are managed by international customers. There is no need of having your own UK premises.

Limited may have virtually every name providing it is not used by another company, is too similar or it does not affect other's people rights. Some wordings as Police, Bank, Queen etc. are subject to special permission. An affix "Limited" or "Ltd." is mandatory in order to point out limited liability of such entity.

The Objects (scope) of business activity is usually stated as "all legal activities" what gives your trading high extent of freedom. There are some limits for certified trading (chemistry, weapons …)