Valsen Fiduciaries has been a leading partner for investors looking to register limited liability partnerships in Scotland. Scotland is a part of the United Kingdom, a leading global financial and business Centre and an important jurisdiction for international tax planning. The UK is known internationally as a jurisdiction with a standard level of taxation; hence it has no image of a tax haven. At the same time, the UK law provides for the possibility to incorporate and use companies with zero tax rate – LLP (Limited Liability Partnership). Scottish LLP’s with foreign members that do not carry on any commercial operations in the UK and receive no revenue in its territory are not liable to taxation there. Under the UK tax laws, an LLP is not considered as a separate tax subject in the country, and taxes on profit derived by the LLP shall be paid by its members (”Partners”) on a pro rata basis in accordance with their interest in the LLP, at the place of their residence. For year’s, many have relied of Valsen Fiduciaries proficiency in the set up of limited liability partnerships in Scotland. Choose us today and let us make the process as swift as possible for you!

Scotland LLP Key Features

A Scottish LLP must:

  1. Have at least 2 designated members
  2. Have a registered address – this will be publicly available
  3. Make an LLP agreement – a document that says how the LLP will be run
  4. Register the LLP with Companies House

Scotland LLP Legal Features

Features

Corporate Details

General

  • Type of Entity

L.P

  • Type of Law

English Common Law

  • Registered Office in Scotland

Yes

  • Shelf company availability

No

  • Our time to establish a new company

8-10 Working Days

  • Corporate Taxation

Fiscally Transparent.

  • Access to Double Taxation Treaties

No

Share capital or equivalent

  • Standard currency

GBP.

  • Permitted currencies

Any

  • Minimum paid up

GBP 2

  • Usual authorized

GBP 1000.

Directors

  • Minimum number

N/A

  • Local required

N/A

  • Publicly accessible records

Yes

  • Location of meetings

N/A

  • Corporate directorship allowed

N/A

Partners

  • Minimum number

2

  • Publicly accessible records

Yes

  • Corporate Partner  allowed

Yes

  • Location of meetings

Anywhere

Company Secretary

  • Required

N/A

  • Local or qualified

N/A

Accounts

  • Requirements to prepare

Yes

  • Audit requirements

No

  • Requirements to file accounts

No

  • Publicly accessible accounts

No

Other

  • Requirement to file annual return

No

  • Migration of domicile permitted

No

Scotland LLP Tax Treatment

0% taxes on company profits

Advantages

  1. High reputation of the United Kingdom
  2. EU company
  3. 0% taxes on company profits
  4. Minimum capital, which must be paid on incorporation – only 2 GBP

The Valsen Advantage

  1. Valsen Fiduciaries offers end to end comprehensive service.
  2. Speedy and efficient service
  3. Expert advice on structuring options
  4. Valsen Fiduciaries provides dedicated ongoing compliance support.
  5. Extensive network pool of service provider