Private unlimited companyFalkland Islands
What it takes to form, own and run an other legal form in Falkland Islands, and how its profit is taxed. Each figure links to the page it was read from.
This company type
At a glance
The registry’s and the law’s own pages do not mention it.
The registry’s and the law’s own pages do not mention it.
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Profits up to a threshold amount of £500,000 are liable to Corporation Tax at 21%, with profits over £500,000 being subject to a rate of 26%.
Form it
Who registers it
- Registry
- Formed without visiting
- Not stated
The registry’s and the law’s own pages do not mention it.
- Formed online
- No
What it takes to form
- A notary
- Not required
- A resident director
- Not required
- Paying up the capital
- Not in our records
Own it
Who may own and run it
- Directors
- None need live there
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Anyone can be a company director
- Shareholders
- Not stated
The registry’s and the law’s own pages do not mention it.
- Members
- Not stated
The registry’s and the law’s own pages do not mention it.
- A local company secretary
- Not stated
The registry’s and the law’s own pages do not mention it.
- A local registered agent
- Not stated
The registry’s and the law’s own pages do not mention it.
Each year, at the registry
- Annual registry fee
- GBP 64.75 (about €76)
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Filing an annual return; including companies which are not trading £64.75
- Accounts on the public record
- Yes
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held for public inspection by the Registrar of Companies
- Audit for a small company
- Not required
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An auditors’ report (unless the company is a small, dormant or not-for-profit public-sector company exempt from audit)
- Audit
- An auditors’ report (unless the company is a small, dormant or not-for-profit public-sector company exempt from audit)
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An auditors’ report (unless the company is a small, dormant or not-for-profit public-sector company exempt from audit)
Important dates
When each obligation falls due, as the authority states it.
- First accounts
- 18 months after incorporation
With Registrar of Companies
The page says the first set is due between 6 and 18 months from registration; the 18-month limit is recorded as the deadline.
- Annual accounts
- 9 months after the end of the accounting period
With Registrar of Companies
- Annual return
- Not in our records
Not stated on gov.fk/registry/companies/annual-accounts-returns/ when checked
- Change of directors or secretaries
- 14 days after change of officers
With Registrar of Companies
- Change of registered office
- 14 days after change of registered office
With Registrar of Companies
- Allotment of shares
- 1 month after change of shareholders
With Registrar of Companies
The page gives a deadline for allotments only; no deadline for share transfers is stated.
What is public
- Directors
- Public
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held for public inspection by the Registrar of Companies
- Shareholders
- Public
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held for public inspection by the Registrar of Companies
Tax
Tax on profit
How this company type is taxed, which can differ from its place’s headline rate.
Varies · 21–26%
Profits up to a threshold amount of £500,000 are liable to Corporation Tax at 21%, with profits over £500,000 being subject to a rate of 26%.
Quote
Profits up to a threshold amount of £500,000 are liable to Corporation Tax at 21%, with profits over £500,000 being subject to a rate of 26%.
Work it out on a profit figure: the company’s tax, the owner’s, and what is left.
- CFC rules in FK
- Not in our records
Close it
Closing it
The other end, which most guides leave out.
- Route
- Application for striking off a private company
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Application for striking off a private company £107.35
- Statutory fee
- GBP 107.35 (about €126)
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Application for striking off a private company £107.35
Every business in Falkland Islands
VAT
- VAT or sales tax
- None levied
The Falkland Islands levies no VAT, GST or sales tax. The Government Taxation Office's "Tax Legislation" page lists the legislation it applies — the Taxes Ordinance 1997, income tax rules and orders, extra-statutory concessions and the Medical Services Tax Ordinance 2010 — and no consumption tax appears among them. A business therefore has no consumption-tax registration, rate or return.
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Taxes Ordinance 1997 ... Medical Services Tax Ordinance 2010
Payment and banking services
None of the services whose lists we hold names FK. Each provider, and what a listing means.
Reference
Its name and code
- Kind
- Other legal formDerived our grouping, the same words in every country
- Name in law
- Private unlimited company
- Identifier
- FK-PRIVATE-UNLIMITEDA form ISO 20275 does not list.