UnitedKingdom
   General Information   not many business formalities   a country that favors foreign investment   a tradition in ser...
   More than 10 types of companies:   Private Companies Limited By Shares (Ltd)   Limited Liability Partnership (LLP) ...
   Practical considerations (1) :   amount of capital & financial risk   nature of trade   service or product business...
   Practical considerations (2) :   Simple formation = sole trader or partnership   More sophisticated business= incorp...
Proposed form for startupsLTD (Private company limited by shares)   key feature: it offers limited liability to its    me...
LTD (Private company limited by shares)   no minimum capital   can control your exposure to financial risk   at least 1...
LTD (Private company limited by shares)   no local shareholders or directors required   company can be set online in a f...
   A second choice:   The Limited Liability Partnership (LLP)   A hybrid between limited liability companies    and tra...
   The Limited Liability Partnership (LLP)   registration & filing of accounts at the    Companies House   members’ agr...
   Public Limited Companies (PLC)   usual for large enterprises minimum   capital requirement of £50,000    A private c...
   Do not forget:   Liability for insolvent trading   Bank borrowing   Landlords – personal guaranties   Privacy vs ‘...
   COST (indicative prices):   250 euros - same day formation   1200 – 1800 euros - accountant costs per year   Profes...
Luxembourg
   GENERAL:   economic prosperity   excellent banking system   attractive for foreign investments   .
   6 main company types:o   Private Limited Company (Sarl)o   Public Limited Company (SA)o   General Corporate Partnershi...
o   Private Limited Company (Sarl)the most attractive type for start-ups   .
Private Limited Company (Sarl)o   requires 1 or several associates that can beo   Luxembourg or foreign nationals, residen...
COSTS (indicative)o    2000 euros - 1 montho   + capitalo   10.000 euros per year
THANK YOU FOR YOURATTENTION !
   Content
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Uk & Luxemburg incorporation

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Aristidis Papathanasiou presents Uk & Luxembourg incorporation

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Uk & Luxemburg incorporation

  1. 1. UnitedKingdom
  2. 2.  General Information not many business formalities a country that favors foreign investment a tradition in service businesses
  3. 3.  More than 10 types of companies: Private Companies Limited By Shares (Ltd) Limited Liability Partnership (LLP) Public Limited Companies (PLC) Companies Limited By Guarantee Property Management Companies Unlimited Companies & more.
  4. 4.  Practical considerations (1) : amount of capital & financial risk nature of trade service or product business premises or can be run from home employees attraction of capital
  5. 5.  Practical considerations (2) : Simple formation = sole trader or partnership More sophisticated business= incorporation
  6. 6. Proposed form for startupsLTD (Private company limited by shares) key feature: it offers limited liability to its members members and directors are not personally liable (unless they have acted wrongly in some way)
  7. 7. LTD (Private company limited by shares) no minimum capital can control your exposure to financial risk at least 1 director, 1 shareholder and 1 secretary (can be the same person) submit simplified accounts not full at the Companies House
  8. 8. LTD (Private company limited by shares) no local shareholders or directors required company can be set online in a few days registered office facility
  9. 9.  A second choice: The Limited Liability Partnership (LLP) A hybrid between limited liability companies and traditional partnerships.
  10. 10.  The Limited Liability Partnership (LLP) registration & filing of accounts at the Companies House members’ agreement pays no UK tax but its members do pay income tax may not attract foreign investment.
  11. 11.  Public Limited Companies (PLC) usual for large enterprises minimum capital requirement of £50,000 A private company limited by shares can be converted into a public company and vice versa. .
  12. 12.  Do not forget: Liability for insolvent trading Bank borrowing Landlords – personal guaranties Privacy vs ‘image’ .
  13. 13.  COST (indicative prices): 250 euros - same day formation 1200 – 1800 euros - accountant costs per year Professional advice by lawyer (?)
  14. 14. Luxembourg
  15. 15.  GENERAL: economic prosperity excellent banking system attractive for foreign investments .
  16. 16.  6 main company types:o Private Limited Company (Sarl)o Public Limited Company (SA)o General Corporate Partnership (SNC)o Limited Corporate Partnership (SCS),o Corporate Partnership Limited by Shares (SCA) and theo Cooperative Company (SC). .
  17. 17. o Private Limited Company (Sarl)the most attractive type for start-ups .
  18. 18. Private Limited Company (Sarl)o requires 1 or several associates that can beo Luxembourg or foreign nationals, residents or non- residentso minimum capital €12,500o registered office is required in Luxembourgo must be incorporated before a notary publico business license by a ministry on application.
  19. 19. COSTS (indicative)o 2000 euros - 1 montho + capitalo 10.000 euros per year
  20. 20. THANK YOU FOR YOURATTENTION !
  21. 21.  Content
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