Scotland LLP

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