The United Kingdom, a sovereign state in Western Europe, is the result of the union between Great Britain (comprising England, Scotland, and Wales) and Northern Ireland, formalized in 1707. As of January 31, 2020, the United Kingdom officially ended its membership in the European Union following the Brexit process. Geographically, the British territory extends mainly along the northwest coast of the European continent, bordered by the North Sea, the English Channel, the Irish Sea, and the Atlantic Ocean.

Regarding corporate legal structures, the Private Limited Company (PLC) is the most commonly used in the United Kingdom. To establish such an entity, at least one shareholder is required, who can be either an individual or a corporate entity. Notably, this legal form allows shareholders to limit their liability to the amount of their contributions.

Legislatively, UK law requires companies to have a physical address in the United Kingdom. Additionally, the company’s designated secretary must be a UK resident, a requirement partly for practical administrative management. Although there is no prescribed minimum for share capital, it is generally recommended to set up a company with an initial capital of at least £1,000. It is also worth mentioning that at the time of incorporation, no tax is levied on the authorization or issuance of share capital.