This is reality! Do not miss your chance to order it now!

Scotland LTD PRO

Scotland, being as an attractive region for business success, combines the advantages of classical offshore jurisdiction and status of respectable jurisdiction.

The offshore area of Scotland - it`s not exactly precise definition, as there are tax on profits, and quite high. However, under certain conditions, registered here company can avoid the tax by using at the same time the opportunity to have own assets, property, take loans and enter into contracts.

Offshore in Scotland is attractive for many reasons:

- Respectability of jurisdiction (is not in "black" list of offshore);

- Favorable geographical position (belonging to Western Europe);

- No foreign exchange controls;

- No income tax for non-residents, provided that it is received outside the UK;

- Opportunity not to submit financial reporting and audit;

- Ability to choose any lawful activity;

- In the role of partner can act private and legal persons of any residence;

- No requirements to the size of the authorized capital;

- Affordable prices on company registration and renewal.

Offshore in Scotland - is also an additional guarantee when opening an account in the prestigious European banks, which do not always provide their services to companies registered in classic offshore zones.

The fact that information about managers and shareholders of the company are in the open register (it is desirable to use the nominee service) refers to the peculiarities of the non-resident company registration in Scotland. In addition, without being as subject of taxation in the UK, the company cannot take advantages of the agreement on the avoidance of double taxation.

The most popular form of company registration in Scotland is Scottish Limited Partnership (Limited Partnership, LP), which exists since 1907 under the Law on Partnerships. In this case, the taxpayer is not a legal entity but the partners, the profit among which is distributed in proportion to their shares, fixed in the partnership agreement. Non-UK resident partners pay taxes at the place of their registration if the company does not receive income across the country.

Organizational requirements for offshore company in Scotland consist in having at least one General Partner, who has unlimited liability for all liabilities and debts of the company, and at least one Limited Partner. He does not participate in management of the company, and his degree of responsibility is limited to the size of his contribution to the partnership. It is formed a new entity with a new name in the case of changing the partner. Private and legal persons, regardless their residence may act as partners.

The company name should include the abbreviation LP or word Limited. It is forbidden to use words that are misleading customers and partners. Words that indicate to the activity in the banking, insurance, reinsurance and trust business, can only be used with the appropriate licenses.

Tax legislation exempts Scottish limited partnership from the payment of income tax. Revenues from the company`s activity are considered as partner’s income according to the size of their shares and are taxed at the place of their registration. That is, if the partners are residents of tax-free zones, and the company will be exempt from paying taxes. In order to optimize taxation, one should refrain from carrying out transactions with counterparties that are registered in the UK.

The lack of financial reporting and auditing is important advantage compared with the British LLP. The exceptions are options under which the partner is a legal entity in the form of Limited Company. To avoid the reporting submission, it is desirable that offshore companies and non-resident private persons act as partners. It is mandatory to provide statistical reports to the registry.

Company registration in Scotland precedes the choice of name, development of partnership agreement, personnel matters, and definition of legal address, which, along with the company`s name and indication of the objectives of the partnership are entered into agreement. Scotland or Wales can be as the place of the office location.

The process of company registration in Scotland takes 12 working days and can be done remotely. There is also the opportunity to buy ready-made "shelf" offshore in Scotland – that means registered company, often with the nominee service. The time of re-registration (1-2 working days) considered as advantages of ready-made company, and therefore the ability to start work immediately after purchase and account presence in the European bank.

Карта Scotland LTD PRO


Add the right parameters for your company:


To improve your experience on our website, we would like to use cookies. This means that we collect some information about your activity while you are on the website.