Formation Company & Tax Advisory

Monday, July 16, 2018

Public Limited Company – PLC

"In Public Limited Company - PLC " the securities are traded on the stock exchange, therefore they can be purchased and/or sold. This is undoubtedly the main difference between the corporate and the private company with limited liability - LTD or LIMITED.

In order to be qualified PLC and therefore operate as such, companies must first obtain a permit to work. Law provisions governing this type of company for that reason are more strict than those issued for private companies. Unlike LTD or LIMITED they must have 50 thousand GBP of minimum authorized capital whose 12 500 is to be paid immediately to a bank after their establishment. The timing of the latter are quick and the company is easy to be managed. You need at least 2 Director/s. They can be Individuals or Legal Entities, a secretary and at least 2 Shareholders.

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