UK Private Limited Company Formation for Korean E-commerce Sellers
Korean e-commerce businesses can incorporate a UK Private Limited company to access the UK market and international payment gateways. The process requires registration with Companies House and compliance with UK corporation tax regulations.
Founders must manage ongoing reporting obligations, including the PSC register and annual filings, while coordinating with the Korean National Tax Service regarding foreign-source income.
Model the full outlay, not just the setup fee
- Setup1Office setup$240.00
- AnnualYear 2 renewal$480.00
What the tax authority sees
UK Private Limited companies are subject to Corporation Tax at rates between 19% and 25% on worldwide profits under the Corporation Tax Act 2010.
National Tax Service; foreign-source income reporting per Income Tax Act Article 3; Korea has US tax treaty (10% treaty rate for royalties).
Korean sellers should leverage the UK-Korea Double Taxation Convention to avoid double taxation on dividends and royalties when repatriating profits to the National Tax Service.
- 01Requirement to maintain a Persons with Significant Control (PSC) register
- 02Mandatory filing of annual accounts with Companies House
- 03Potential for double taxation if foreign tax credits are not claimed correctly with the NTS
From filing to funded bank account
UK Private Ltd vs UAE Free Zone (MEYDAN)
FAQ
Start filing with 1Office
Formation typically completes in 2–3 weeks. Use the promo below, then click through to begin the checklist directly on the platform.