Scotland: this part of the Great Britain is considered to be a prestige area with one of the most liberal taxation system in Europe, which fully exempts limited partnerships from taxation. Scotland jurisdiction ensures stability and reliability of financial transfers, high security level, is a competitive jurisdiction comparing to other European jurisdictions, at the same time being one of the most affordable ones in Europe.
General information about Scottish LP
UniverseLAW offers full range of professional services, associated with business organization in Scotland.
In case the founders are LP non-residents of Great Britain, and the company does not receive any income in Great Britain, the taxation in Scotland is 0%
Obtaining a taxpayer status (UTR – Registration of Unique Taxpayer Reference)
According to the English tax legislation, a partnership must be registered in HMRC (HM Revenue & Customs). The registration in the tax authority is performed by specifically appointed registration agent. He also keeps the accounting and regularly submits documents to HMRC.
Scanned passport copy
Time required for a company registration:
Ready-made: 1-2 working days
Free option (with own name):
Customized – companies with own name and/or specific shareholders
Time period required for registration of a custom-made company: from 2 to 3 weeks
All ready packages of documents are certified by notary and apostilled, accepted by banks and financial institutions