Private limited companies
The most popular type of UK incorporation is a company Limited by Shares. The most attractive reason for setting up a Limited Company is a protection of limited liability. It means that only the shareholders are responsible for the debts of the company up to the value of their shares in the company. There are no minimum or maximum share capital requirements. A Limited Company only exists once it has been incorporated. It is prohibited to issue its shares to the public.
A private company must have at least one director. There are no specific qualification requirements, no nationality or residence restrictions for company director or shareholder.
A private limited company can start trading immediately upon incorporation. It does not require any trading certificate to start its business.