Price: £253.50
An Unlimited Company in the UK is incorporated and registered under the Companies Act 2006.
Unlimited Companies are a fairly rare type of incorporation. All members or shareholders have total joint responsibility to cover all debts and other liabilities that the company generates. Regardless of how much capital each contributes. They are incorporated either with or without a share capital. The finance of an Unlimited Company can remain private.
Why Choose an Unlimited Company?
- Do not have to publish or make their financial affairs public.
- Sustains itself on its own profit, reducing the dependency on bank loan
- Great control of the details and transactions
- No requirements to file company Annual Accounts with Companies House
- The reasons for wanting to incorporate such a company might be to benefit from the manner in which shares can be distributed
- Shares can be distributed and business can continue even if one owner should retire or become deceased
Timescale
On average it takes around 5 working days to register an Unlimited Company
Requirements for an Unlimited Company
To register an Unlimited Company you will be required to supply the following:
- The company name
- A Registered Offshore Address located in the UK, we can supply an address if required
- A Minimum of 1 Individual Director and 1 Shareholder must be appointed
- The Officers can be any nationality and reside anywhere in the world
- Name and Address of the Director and Shareholder
- Cannot be incorporated electronically, must be processed by paper
Once all the relevant information has been supplied, Companies House will issue a Certificate of Incorporation which will confirm that your company has been registered on the Register of Companies.
Due Diligence Requirements for a UK Company
To comply with the new Economic Crime and Corporate Transparency Act 2023 (ECCTA), CFS Formations is required to carry out Due Diligence checks on company officers.
For all Directors / PSC’s who have not been verified, CFS Formations are registered as an ACSP (Authorised Corporate Service Provider) and work in partnership with Companies House to complete this identity verification on their behalf.
Once your order has been placed, we will provide a verification link for the required officers to complete SumSub, which includes:
- Uploading a valid ID document (Passport OR UK/EU Driving Licence/ID Card)
- Providing a proof of address document (e.g., bank statement or utility bill dated within the last 3 months)
- Completing a short liveness check (similar to taking a selfie)
Once completed, the individual will then be issued with a unique code from Companies House, which can be used for future company formations and/or filings.
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