CharacteristicsProcedureRequired documents

UK Cryptocurrency Business Structure

  • At least one shareholder (natural or legal person, no restriction in terms of citizenship or residence) to set up a Cryptocurrency company in the United Kingdom.
  • At least one administrator (foreign residents are allowed)

Taxation of Cryptocurrency United Kingdom

  • In general, UK businesses are subject to corporation tax of 19%
  • A special rate of 20% is applicable to mutual funds and open-ended investment companies
  • Standard VAT rate is 20%, reduced rates are 5% and 0%

Cryptomonnaie au Royaume-Uni

Accounting requirements 

  • Submission of accounts and annual report is mandatory
  • Accounting records must be kept in English
  • VAT returns are filed once every 3 months

Secretary

- Not required

Registered Agent

- Not required

The head office

- Not required

The head office

- mandatory

Company Name

  • Language: All
  • Letters: roman alphabet
  • If a name includes words that imply specific functions, for example "Holding company", "group", etc., additional information will be required
  • Cannot contain words like Bank, University, Society, cooperative, etc. without being approved by the competent bodies

NB

  • Restricted connections for company name: name of state, national or local government.
  • The name of the company is limited to be the same or similar to that of an existing company.

In order to create the Cryptocurrency company in UK, the following steps will be taken:

  • Selection of preferred names by a customer
  • Preparation of the required due diligence
  • Initiating the incorporation process once the company name is approved to be available
  • Open a bank account
In order to obtain a license, MBA Lawyers  complete all necessary application forms and also acquire apostilled company documents. For this reason, please provide us with the following documents.

For each director and shareholder:

  • A notarized copy of the valid passport
  • A copy of proof of residential address (eg utility bill less than 3 months old)

If the shareholder is a legal person:

  • Certificate of good reputation valid
  • Valid job certificate

In order to open a bank account for the UK Crypto Exchange company, you will need to provide the following documents:

  • Certified copy of a valid passport (of each shareholder and director)
  • Proof of address (for example, recent utility bill from each shareholder and director)
  • CV (of each director and shareholder)
  • Optional: bank reference (for each director and shareholder)
  • Optional: legal reference (of each director and shareholder

NB

  • If the documents are not written in English or the language of a particular country, they must be accompanied by a notarized translation.
  • Please make sure the notarization is in English, otherwise please provide a notarized English translation.
  • When the Shareholders are legal persons, he is required to provide an apostilled set of corporate documents and certificates of office and good reputation.

Additional documents may be requested by the company or local bank at any time to verify specific information