UK company formation review

Advantages

  • 19% corporate tax (17% corporate tax in 2020)
  • English speaking country
  • Good web server deals
  • Reliable virtual office services

Disadvantages

  • Online disclosure of director name and address (end up with spams and scams).
  • Don’t try to open a bank remotely. If someone offers to open a bank account remotely, it is a scam.
  • Maybe impossible for non-residents to open a bank account and the UK company gets useless.
  • Uncertainty because of Brexit related to export and import from EU
  • High conversion fees for wire transfer with Euro banks. (15 to 20 euros).

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