UK Ltd via 1Office — Vietnamese Freelance Developers
Vietnamese developers targeting UK enterprise clients form UK Ltd for GBP invoicing and HMRC audit credibility. UK Ltd signal cleanly cuts through UK procurement vetting that Vietnamese sole traders face.
HMRC applies UK corporation tax at 19% up to £50k, marginal relief 50k-250k, 25% above.
Vietnam side: Circular 111/2013 taxes worldwide personal income 5-35% on distributions received; SBV Circular 20/2015 requires reporting outbound investment above USD 3,000 — UK Ltd formation may trigger reporting if funded above the threshold.
Model the full outlay, not just the setup fee
- Setup1Office setup$240.00
- AnnualYear 2 renewal$480.00
What the tax authority sees
UK Ltd pays corporation tax to HMRC at 19% up to £50k, marginal relief to £250k, 25% above; PSC register mandatory; Circular 111/2013 governs Vietnamese personal side.
Circular 111/2013 on foreign-source income; USD conversion rules
UK Ltd suits Vietnamese devs targeting UK enterprise; SBV Circular 20/2015 applies to outbound investment above USD 3,000.
- 01UK corporation tax 19-25% marginal rate
- 02Circular 111/2013 progressive 5-35% on distributions received in Vietnam
- 03SBV Circular 20/2015 outbound investment reporting above USD 3,000
- 04PSC register discloses beneficial owners publicly
From filing to funded bank account
UK Private Ltd vs UAE Free Zone (MEYDAN)
FAQ
UK enterprise procurement teams onboard UK Ltd smoothly; Vietnamese sole traders face heavy vetting. GBP invoicing avoids VND devaluation exposure. HMRC audit trail signals legitimacy to European buyers generally.
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.