UK companies are regulated under the Companies Act 2006. The UK Companies House is the governing authority. The legal system is common law.UK companies are the easiest and most flexible of companies to incorporate within the European Union and visiting the UK is not required to incorporate your company.
Type of Company/Corporation
One IBC provide the United Kingdom incorporation services with the type Private Limited, Public Limited and LLP (Limited Liability Partnership).
UK Private Limited Companies cannot undertake the business of banking, insurance, financial services, consumer credit, and similar or related services.
Company Name Restriction
A company must not be registered under this Act by a name if, in the opinion of the Secretary of State (a)its use by the company would constitute an offence, or (b) it is offensive.
The name of a limited company that is a public company must end with “public limited company” or “p.l.c.”.
The name of a limited company that is a private company must end with “limited” or “ltd.”
Restricted names include those suggesting patronage of the Royal Family or which imply an association with Central or Local Government of the United Kingdom. Other restrictions are placed on names that are identical or too similar to an existing company or any name which would be considered offensive or suggests criminal activity. The following names or their derivatives require a licence or other Government Authorisation: “assurance”, “bank”,“benevolent”, “building society”, “Chamber of Commerce”, “fund management”, “insurance”, “investment fund”, “loans”, “municipal”, “reinsurance”, “savings”, “trust”, “trustees”, “university”, or their foreign language equivalents for which the approval of the Secretary of State is first required.
Company Information privacy
UK corporations should expect some of the corporate information to be made available to the public.
Because two designated officers, an executive director and a secretary must be appointed by a UK corporation and are considered liable for certain aspects of the corporation, their information is generally made public.
Corporation accounts also must be filed and may be made available for inspection by the public.