Offshore registration Wales

Open Offshore in Wales

The Principality of Wales is an administrative and historical part of Great Britain and is located in the southwestern part of it. Officially, the region is not considered an offshore jurisdiction and is not included in any "black list", including the Ukrainian one. Official language – Welsh. However, the documentation is filled out in English.

The so-called «offshores» in Wales open for business structuring, tax optimization. Offshore companies in the Principality are created with the aim of creating holding, service company, ownership of real estate or investments, shares in the company, implementation of international operations.

Registering in Wales gives you the opportunity to conduct a legal business, own a prestigious company without taxes and reporting with the prospect of opening an account in a British or European bank.

The most popular legal forms in Wales

1. Limited Partnership – Limited Partnership (LP).
2. Limited Liability Company – Private Limited Company (LTD).

Company names must be unique and contain words denoting ownership.

At least two founders are required to create an LP. From the documents you will need a charter, an act on the authorized capital, a seal. For the functioning of the organization, it is necessary to have an office and a registered agent. Information about directors and shareholders becomes public if they own more than 85% of the assets. The minimum authorized capital for a partnership is £1, the maximum amount is not limited. It is necessary to maintain financial statements, but filing them with the tax authorities is not mandatory. The absence of income received in the UK, as well as the absence of resident partners, is the basis for tax exemption.

At least one founder is required to create an LLC. The liability of the shareholders is limited by the amount of their contribution to the statutory fund. The authorized capital must be at least £1,000. Profits earned outside the country are not taxed.

Crystal Tax provides the following business registration services in Wales:

• Consultations on all issues.
• Help with the choice of legal form.
• Company registration.
• Setting up the structure.
• Support of the company's activities.

Our staff will help you register a new and buy an existing company. If you have any questions regarding offshore companies in Wales or other jurisdictions, please contact our lawyers. We guarantee high quality service.