Company Estabilishment for Dividends

The main purpose of the company is income and wealth. After the establishment of the company, it is not mandatory for companies to hold employees and the employer, ie PAYE registration, is not required.

There are business owners, who due to their status as a tax resident (because they are not taxpayers in the agnil, ie their tax on income, are not paid in England) not earn wages from their business every month, but work from the tax profit to the year for dividend payments.

However, it is advisable to consider it when choosing an option, for example, Hungarian tax resident status (since it is not a wage and this income is not protected by the double taxation conventions, therefore, in the country of taxation may be weighted by additional tax burdens. At Hungary You will also have to pay EHO after dividend) the foreign investment income is also covered by a health care contribution of 14%.

In the case of UK tax resident status there is no dividend tax of £5000 per year, above this, in the case of income in the basic rate band 7.5%; in case of higher rate band income, 32.5% higher.

Below, we show that, in the case of estabilishing an English company, what costs and what kind of tax evasion, apart from the establishment of the company and the accounting service, are required.

 

As an example, we would like to make a monthly income of £1,500 an important income from our company:

Calculation of income for exemption:

 

  • Dividend Recording:

Annual Calculated Revenue: 18,000

Cost of establishing a company: -120

Director SA: -120

Annual Accounting Fee: -180

Accounting fee: -20

Dividend to Pay admin *. -30

Result before tax spread: 17,530

Corporation tax: -3512

Dividend fund: 14,018

 

Dividends of £ 14.048 can be taken, which will be subjected to another 25% dividend tax at £50,000-£60,000 per annum.

So we can say that if we want to make annual profits as dividends, we have 20 + 25% of tax evasion.

20% will be paid by the company in corporate tax, 25% as private person will pay dividend tax.

Net dividends: 14.048-3512 = £ 10536.-

 

  • For work payment:

Annual Calculated Revenue: 18,000

Cost of establishing a company: -120

Directori SA: -120

Annual Accounting Fee: -180

Accounting fee: -20

Paye registration -60

Annual Payroll Fee: -120

Result before tax spread: 17,380

 

Average Monthly Wage Exception 17.410 / 12 = £ 1450 per month as a computed wage.

If you have a headquarters position elsewhere, then you only need to deduct the tax from the company’s payroll, but it is calculated at a higher rate, so 40%.

Net wage: £ 10446

It is important to note that wages can no longer be taxed by the Hungarian authorities since they are protected by the double taxation convention.

* Administration fee

 

The UK is waiting for you! – join the English company foundation

and ask our help for any financial issues. We are looking forward to contacting you as soon as possible!

 

Phone:  +44 (0) 1357 – 340 – 000

Email: info@symfalogic.com

Skype: Symfalogic Corporation

 

To start Estabilishing a company, fill out the following form:

English Company Formation Application form - ..... package (Ltd)

The Fields marked with an asterisk are mandatory*

Leeds package- £120

(Unlimited Skype or Face to Face Consultation, Name Selection, Unlimited Director, Unlimited Owner, Unlimited Secretary, Persons with Significant Control (PSC) – SIC Code Search, £100. – Pdf , Printed Memorandum and Articles of Association, Printed share certificates, Registered office for 1 year in Leeds or Doncaster, Corporation Tax registration, Government Gateway registration, Director Self Assessment registration, UTR number , Webfiling code, Initial file, Notification of tax return deadlines)

Sheffield package – £180

(Unlimited Skype or Face to Face Consultation, Name Selection , Unlimited Director, Unlimited Owner, Unlimited Secretary, Persons with Significant Control (PSC), SIC Code Search, £100. – Pdf , Printed Memorandum and Articles of Association, Printed share certificates, Registered office for 1 year in Leeds or Doncaster, Corporation Tax registration, Government Gateway registration, Director Self Assessment registration, UTR number , Webfiling code, Initial file, Notification of tax return deadlines, Paye registration)

Doncaster package – £280

(Unlimited Skype or Face to Face Consultation, Name Selection , Unlimited Director, Unlimited Owner, Unlimited Secretary, Persons with Significant Control (PSC), SIC Code Search, £100. – share capital, Articles of Association Pdf , Printed Memorandum and Articles of Association, Printed share certificates, Registered office for 1 year in Leeds or Doncaster, Corporation Tax registration, Government Gateway registration, Director Self Assessment registration, UTR number , Webfiling code, Initial file, Notification of tax return deadlines , Paye registration, Data Protection registration)

Manchester package – £390

(Unlimited Skype or Face to Face Consultation, Name Selection , Unlimited Director, Unlimited Owner, Unlimited Secretary, Persons with Significant Control (PSC), SIC Code Search, £100. – share capital, Articles of Association Pdf , Printed Memorandum and Articles of Association, Printed share certificates, Registered office for 1 year in Leeds or Doncaster, Corporation Tax registration, Government Gateway registration, Director Self Assessment registration, UTR number , Webfiling code, Initial file, Notification of tax return deadlines , Paye registration, Data Protection registration, VAT registration)

Birmingham package – £550

(Unlimited Skype or Face to Face Consultation, Name Selection , Unlimited Director, Unlimited Owner, Unlimited Secretary, Persons with Significant Control (PSC), SIC Code Search, £100. – share capital, Articles of Association Pdf , Printed Memorandum and Articles of Association, Printed share certificates, Registered office for 1 year in Leeds or Doncaster, Corporation Tax registration, Government Gateway registration, Director Self Assessment registration, UTR number , Webfiling code, Initial file, Notification of tax return deadlines , Paye registration, Data Protection registration, VAT registration, Apostille Certified company certificate)

London package – £790

(Unlimited Skype or Face to Face Consultation, Name Selection , Unlimited Director, Unlimited Owner, Unlimited Secretary, Persons with Significant Control (PSC), SIC Code Search, £100. – Pdf , Printed Memorandum and Articles of Association, Printed share certificates, Registered office for 1 year in Leeds or Doncaster, Corporation Tax registration, Government Gateway registration, Director Self Assessment registration, UTR number , Webfiling code, Initial file, Notification of tax return deadlines , Paye registration, Data Protection registration, VAT registration, Apostille Certified company certificate, GDPR)

(You should enter at least two names if the first is already taken)
Enter activities separated by commas. (An English company can have up to 4 activities at once) Eg Activity1, Activity2. etc.
Please note that in order to apply for a registered office address, you will also need to provide proof of identity and address. This can be done with a copy of an English driving licence and/or passport, or a copy of a utility bill or telephone bill received at the address. If you do not have an English address and a utility bill for an English address, you can (order it above in the menu under Services > Mailing link) or a certificate of address is fine, as long as a notarised copy of it is uploaded. If neither of these options is possible, please select the (Proposed) Leeds or Doncaster address where you do not need to upload the certificate.

(If you are based in London, please upload a copy of your proof of address here.) PNG, PDF, JPG, GIF, ZIP, RAR, TAR, TAR.GZ, DOCX, PPT, DOC, RTF , TXT formats are allowed up to 25MB.
give it here (remember, the director\'s address may not match the company\'s home address)

Director (s) data

Each company must have at least one Director. The Director is responsible for the company\’s activities. When opening a bank account, the name of the company is not (only) the bank card, but the name of the Director, marked \”Business\”. So, only the Director can access the corporate bank account. This is the case with multiple Directors.

Mr, Ms, Miss, etc                                                     First name                                                                                                       Last name                                                                   Middle name
(If you don\'t have one, then the document you travel with) PNG, PDF, JPG, GIF, ZIP, RAR, TAR, TAR.GZ, DOCX, PPT, DOC, RTF , TXT formats are allowed up to 25MB.
(If you don\'t have one, then the document you travel with) PNG, PDF, JPG, GIF, ZIP, RAR, TAR, TAR.GZ, DOCX, PPT, DOC, RTF , TXT formats are allowed up to 25MB.
Mr, Ms, Miss, etc                                                     First name                                                                                                       Last name                                                                   Middle name
(If you don\'t have one, then the document you travel with) PNG, PDF, JPG, GIF, ZIP, RAR, TAR, TAR.GZ, DOCX, PPT, DOC, RTF , TXT formats are allowed up to 25MB.
(If you don\'t have one, then the document you travel with) PNG, PDF, JPG, GIF, ZIP, RAR, TAR, TAR.GZ, DOCX, PPT, DOC, RTF , TXT formats are allowed up to 25MB.
(For convenience, copy them here) Director\'s Names * Director\'s Addresses * Street Address * City* State / Province / Region * Postal code* Country* Director\'s Phone Number * Director\'s Email Address * Director\'s Occupation * Director\'s Place of Birth * Director\'s NI number * Director\'s Father\'s Name * Director\'s Eye Color *
(If you don\'t have one, then the document you travel with) PNG, PDF, JPG, GIF, ZIP, RAR, TAR, TAR.GZ, DOCX, PPT, DOC, RTF , TXT formats are allowed up to 25MB.
(If you don\'t have one, then the document you travel with) PNG, PDF, JPG, GIF, ZIP, RAR, TAR, TAR.GZ, DOCX, PPT, DOC, RTF , TXT formats are allowed up to 25MB.

Secretary data

(Providing a secretary is not mandatory in the company)

Mr, Ms, Miss, etc                                                     First name                                                                                                       Last name                                                                   Middle name
PNG, PDF, JPG, GIF, ZIP, RAR, TAR, TAR.GZ, DOCX, PPT, DOC, RTF, TXT formats are allowed up to 25MB.
PNG, PDF, JPG, GIF, ZIP, RAR, TAR, TAR.GZ, DOCX, PPT, DOC, RTF, TXT formats are allowed up to 25MB.

Company Owner Data

Your new English company needs an owner. The owner may be either an individual or a Director, or even a foreign company or a mixture of them. The owner of the company expresses ownership of the company\’s shares (which cannot be listed on the stock exchange).

If Director is the owner, select which one is and leave fields for the next owner blank
Mr, Ms, Miss, etc                                                     First name                                                                                                       Last name                                                                   Middle name
PNG, PDF, JPG, GIF, ZIP, RAR, TAR, TAR.GZ, DOCX, PPT, DOC, RTF, TXT formats are allowed up to 25MB.
PNG, PDF, JPG, GIF, ZIP, RAR, TAR, TAR.GZ, DOCX, PPT, DOC, RTF, TXT formats are allowed up to 25MB.
Please enter here the name, address, telephone number and email address of the other owners.
PNG, PDF, JPG, GIF, ZIP, RAR, TAR, TAR.GZ, DOCX, PPT, DOC, RTF, TXT formats are allowed up to 25MB.
PNG, PDF, JPG, GIF, ZIP, RAR, TAR, TAR.GZ, DOCX, PPT, DOC, RTF, TXT formats are allowed up to 25MB.

Shares

The new UK company to be formed has shares owned by the owner (These shares can be owned by an individual, by the Company Director, by another company, even a foreign company, or by a mixture of the two).You need to specify in numbers and in % how much of the company the owner owns. The simplest way to determine this is to multiply it by 100%. For example, in a basic case, if the company has 100 shares with a nominal value of £1 each, then the initial share capital of the company will be £100.

In terms of 100 shares, the number of shares held by the owner (enter a number here) eg: 100
Regarding the value given in the previous point, how many% of the owner has a shareholding, compared to 100%) If you wrote 50 in the previous point, you should also 50 here.
that is, how much money a piece of equity holds.Usually the nominal value of 1 share is £ 1.00.The nominal value of 100 shares is £100. (this named amount does not have to be paid anywhere until 1 share is worth £ 1 for 100 shares.) In accounting terms, this £100 is usually booked in the home cashier.
What will be the total value of the initial stock of the company, ie how much the initial capital of the company
Ownership data is written under one another
Owner\'s name * Owner Address * E-mail address * Number of Owner Shares * % Of Owner Shares * (Compared to 100%) Own Shares *

Data protection

1. The Data Controller informs the Contractor that he / she handles the personal data given in the order as a result of the performance of the contract.
2. Recipients of personal data: Employees, Accounting, Taxation, and Data Processors for Symfalogic Corporation Customer Service.
3. Duration of personal data storage: 5 years after the termination of the contract.
4. Personal data will be transferred for data processing for tax, accounting purposes to Symfalogic Accountancy Ltd, for mailing and shipping to Royal Mail, and post office in the country, as well as for secured courier service and property protection. Symfalogic Corporation Security Agent.
5. Information on the rights of the natural person concerned, the identity of the data processors, is available at https://symfalogic.com/data-protection/.

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