Legal system: Based on English common law, offering a high level of legal certainty, predictable court practice, and strong protection of shareholders’ and owners’ rights.
Currency: British Pound Sterling (GBP), a fully convertible currency widely used for international settlements.
Registration and registry: Company incorporation and public records are maintained by Companies House, including company registration, public disclosure, filing of annual accounts, and submission of the confirmation statement.
Taxation: Corporation Tax applies under a differentiated rate system, including the main rate, small profits rate, and marginal relief, depending on the level of taxable profits.
Reporting obligations: Mandatory corporate reporting to Companies House, combined with tax reporting to HMRC (Company Tax Return), with clearly defined statutory deadlines.
Confidentiality: The jurisdiction prioritizes transparency. Information on directors and Persons with Significant Control (PSC) is largely accessible through the public register. This enhances reputation and credibility but should not be viewed as a privacy-oriented structure.