Aspen Trust

General Information

• Type of Entity - Limited Liability Company (LLC)
• Legislation - Common Law
• Company name - Non-English company names are allowed
• Time-scale for incorporation - same day
• Change in domicile is not permitted
• Double tax treaties - with 121 countries
• Ready-made companies are available.
• Taxation on profits - 28% (21% if falls under "small companies" category)

Local Requirements

• Registered Office is required
• Company Secretary is not required
• Local or qualified secretary is not required
• The location of meetings can be anywhere in the world
• Public recording of directors and shareholders is required

Corporate Requirements

• Minimum number of shareholders- One (1) 
• Minimum number of directors - One (1)
• Minimum paid up share capital - GBP0.1
• Usual Authorised Capital - GBP100

Annual Requirements

• It is a requirement to prepare and file accounts
• It is a requirement for audited accounts except for small entities
• Accounts are publically accessible
• It is a requirement to file annual return
• The minimum government fees are GBP15 when filed online or GBP30 if submitted by post