The United Kingdom of Great Britain and Northern Ireland, simply called the United Kingdom or UK, is a sovereign state in Northern Europe. It is a constitutional monarchy that is made up of four separate countries. It is a member of the European Union, United Nations, the Commonwealth, NATO and the G8. It has the fifth largest economy in the world.

Around 65.5 million people live in the UK. They can be divided into four big nationalities based on the countries where they live. These countries, and the names of the people and language spoken there, are as follows:

2. Advantages of U.K. Incorporation

a. Following Brexit, Corporation Tax will drop to 17%

b. Exempts dividends received from subsidiaries in many countries from corporation tax

c. Does not charge capital gains tax on the disposal of trading subsidiaries

d. Does not levy withholding tax on distributions from the holding company to its parent or shareholder

e. Has no capital gains tax on profits arising from the sale of shares in the holding company by non-resident shareholders

f. Offers extensive reliefs for early stage businesses, expenditure on qualifying research and development

g. Option of a remittance basis of taxation for non-UK domiciled individuals who come to the UK, for example as holding company directors

h. Capital Gains Tax will be cut from 28% to 20% for higher rate taxpayers, and from 18% to 10% for those on the basic rate

i. Entrepreneurs’ Relief will be extended to long-term investors in unlisted companies, who will be able to access a 10% rate of capital gains tax on newly issued shares in unlisted

j. companies purchased on or after 17 March 2016, provided they are held for a minimum of three years from 6 April 2016