Public Company Limited by Shares (PLC) Registration

Overview: Public Company Limited by Shares (PLC) – is a public company with limited liability. PLC is suitable for large businesses that are planning to launch IPO (Initial Public Offering) at the stock exchange. The most specific distinction of a PLC is the minimum capital requirement which is significant and amounts to £ 50,000.

Purpose: Registration of Public Company Limited by Shares (PLC)

Main specifications:

• a legal entity
• liability limited to the share capital
• minimum share capital – £ 50.000
• capital is divided into shares
• shares may be traded at the stock exchange

Registering authority: the UK Trade Register

Term of registration: 7-10 working days

Personal presence: Optional

Conditions for registration:

• Shareholder – Minimum 1 (maximum – unlimited) natural/legal person of any nationality/jurisdiction
• Director – Minimum 1 (maximum – unlimited) natural/legal person of any nationality/jurisdiction (at least 1 director must be an individual)
• Minimum share capital – £ 50.000
• Registered office address in the UK

Required documents:

• Passport or European ID card (for all associated persons)
• Proof of residential address not older than 3 months (for all associated natural persons)
• Extract from the Trade Register not older than 3 months (for all associated legal persons)
• Document, authorizing to use of the registered office address (Copy of the Rental Agreement, Authorization Letter from the Owner, Certificate on Property)
• Confirmation of the fulfillment of minimum share capital requirements (deposit of £ 50.000)
• Power of attorney (in case of remote registration)
• Signed copy of the Memorandum and Articles of Association