UK Limited Company Formation

A structured ownership solution for yacht owners requiring eligibility for UK Part 1 registration or other registration types within our portfolio.

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A Structured Ownership Vehicle with Full Legal Control

A UK Limited Company is frequently used as an ownership vehicle for yachts requiring structured registration eligibility.

The yacht owner retains full control over the company. In most cases, the owner acts simultaneously as:

  • Shareholder
  • Director
  • Person with Significant Control (PSC / UBO)

This structure ensures complete legal and operational control over both the company and the vessel.

When structured as dormant:

  • No VAT registration is required
  • No bank account is required
  • Administrative obligations remain limited to statutory filings

All company formations are aligned with maritime registration requirements to ensure eligibility for yacht registration.

Key Product Facts

  • Companies House registered UK legal entity
  • Suitable for international yacht owners
  • Enables eligibility for UK Part 1 and other registration types
  • Separate legal ownership structure
  • Dormant company structure available
  • No VAT registration required when dormant
  • No bank account required when dormant
  • Owner may act as shareholder, director and Person with Significant Control (PSC)
  • Third parties may be appointed subject to legal verification requirements

18+

Years Specialised in Yacht Registration

50,000+

Registrations Completed

Gold Partner

Gold Partner

Secure Encrypted Order Platform

Personal Account Manager Assigned

Structured Documentation Review Before Submission

Pricing UK Limited Company Formation

Transparent Fixed Pricing. All prices are excluding 21% VAT

UK Limited Company Formation

Total One-Time Formation Fee (Year 1):

โ‚ฌ 450

Includes:

  • Companies House incorporation
  • Official Certificate of Incorporation
  • Company registration number
  • Director and shareholder registration
  • Standard constitutional documents
  • Registered office service (first year included)
  • All government incorporation fees

Optional Add-On: Ultra Fast Formation

Additional Fee:

โ‚ฌ 250

Features:

  • 24-hour processing on UK working days
  • Accelerated incorporation
  • Subject to complete documentation and successful identity verification submission

Mandatory Identity Verification

Under the Economic Crime and Corporate Transparency Act 2023, all directors and all Persons with Significant Control (PSC/UBO) must complete a one-time identity verification.

  • Identity Verification Fee: โ‚ฌ 150 per person (excluding 21% VAT)
  • Process: Conducted by a certified UK accountant and submitted directly to Companies House.
  • Note: If one individual acts as both director and PSC, the verification applies once.

Recurring Annual Fee (from year 2)

Annual Company Maintenance: โ‚ฌ 450 per year (excluding 21% VAT) Includes:

  • Mandatory UK registered office address
  • Annual confirmation statement filing
  • Annual dormant tax declaration
  • Ongoing statutory compliance handling
  • Government filing fees
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What Our Service Includes

Registration coordination and submission

Dedicated account manager

Document pre-check for completeness

Secure encrypted client dossier

Digital delivery of issued documents

Documentation Required

The following documentation is required:

  1. Passport of each shareholder and director
  2. Proof of residential address for each shareholder and director
  3. Proposed company name (three options recommended)
  4. Confirmation of intended ownership structure

All documents must be valid, clear and legible before submission.

Identity verification must be completed before the company can be activated for yacht ownership.

Compliance

A UK Limited Company creates a separate legal entity that becomes the registered owner of the yacht.

Ongoing statutory obligations include:

  • Annual confirmation statement
  • Annual dormant tax filing (when applicable)
  • Maintenance of a registered office address

Identity verification remains valid unless the company structure or control changes.

Request Additional Information

Request the UK Limited Company Brochure

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Frequently Asked Questions

Frequently asked questions about the UK Limited Company.

Can a UK Limited company be 100% owned by me or my client?

Yes, a UK Limited company can be 100% owned by one person or one client. In many cases, the same person can also act as the sole director, provided the company structure is set up accordingly.

Does a UK Limited company used for UK Part 1 registration have administrative obligations?

Yes, a UK company may have administrative obligations, such as maintaining company records and fulfilling basic reporting requirements. These obligations are generally straightforward, but it is important to ensure that the company remains compliant with UK regulations.

How long does it take to create a UK Limited company?

In general it takes 2 working days to create a UK Limited company

Do we need a UK statutory address in the UK to create a UK Limited company?

Yes, you need a UK statutory address. This address is included in the UK Limited package. You do not need a UK address yourself. It is available for any nationality in the world.

Are there annual costs to maintain a UK Limited company?

Yes, a UK Limited company has annual maintenance costs. These typically include administrative filings, registered address services, and other compliance-related requirements necessary to keep the company in good standing.

Can anyone set up a UK Limited company?

Yes, citizens of any nationality can make a request for a UK Limited company.

Can anyone be a director or shareholder of a UK Limited company?

In most cases, both UK and non-UK individuals can act as directors or shareholders of a UK Limited company. There are no strict nationality restrictions, but all individuals must meet basic legal and compliance requirements.

Can a dormant UK Limited company trade or carry out business activities?

No, a dormant UK Limited company is not intended to carry out commercial activities. If the company starts trading, it will no longer be considered dormant and additional tax and reporting obligations will apply.

What happens if the annual maintenance of a UK Limited company is not kept up to date?

If the required maintenance and filings are not completed, the company may face penalties, be marked as non-compliant, or eventually be struck off the register. This can lead to legal and administrative complications.

How can a UK Limited company be closed or struck off?

A UK Limited company can be closed through a formal strike-off procedure with Companies House. This process requires that the company has no outstanding debts or obligations and that all required filings are up to date.

Can I use a friendโ€™s or family memberโ€™s UK address for a UK Limited company?

In principle, a UK address is required for a UK Limited company. While it may be possible to use a private address, it is generally recommended to use a professional registered office service to ensure compliance and privacy.. BlueWater Registration Services only uses it’s own company address service.

Does a dormant UK Limited company still have filing obligations?

Yes, even a dormant UK Limited company has certain filing obligations. Although no active business is conducted, basic filings such as annual confirmation statements and, in some cases, dormant accounts must still be submitted.

For which yacht registration types can a UK Limited company be used?

A UK Limited company can be used for several yacht registration types, including UK Part 1 registration and in some cases other international registrations. The suitability depends on the chosen flag state and the intended use of the yacht.

What is a UK Limited company used for in yacht registration?

A UK Limited company is commonly used as a legal ownership structure for yachts. It allows the yacht to be owned by a company instead of a private individual, which can be beneficial for registration, privacy, liability, and future transfer of ownership. It is frequently used in combination with yacht registrations such as UK Part 1.

Do I need a UK Limited company for UK Part 1 registration?

A UK Limited company is not always required for UK Part 1 registration, but it is often used as a practical and efficient ownership structure. It can simplify administration, improve flexibility in ownership changes, and is commonly chosen by international yacht owners as a UK yacht registration is only available for UK owners (natural person or company).

Is a UK Limited company suitable for non-UK residents?

Yes, a UK Limited company can be set up and used by non-UK residents. It is widely used by international yacht owners as a recognised and flexible ownership structure within the UK legal system.

Require a UK Company for Your Yacht Registration?

Start your company formation process or request the official brochure for structured guidance.

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