«Offshore incorporations, offshore companies, bank accounts.»

United Kingdom LLP Companies

UK, LLP

Corporative legislation UK Act 2000 with corrections, LLP Regulations 2001 (SI 2001/1090) Form of company Limited liability partnership - LLP Authorized business activities All and any activities not prohibited by the law Providing of banking, insurance and re-insurance, trust services is subject to special license Prohibited activities For LLP any charity activities are prohibited Name of the company Must not be identical or confusingly similar to the existing ones. The name has to end in the word LLP or Ltd LLP – need to end whit Limited Liability Partnership or with abbreviated LLP The words Insurance, Bank, Chamber of Commerce, Co-operative, Credit Union, Group, Holding, Building Society, Royal, and a number of other words are subject to approval by competent authority Taxation Partnership is not considered a payer of income tax in level of a UK company, furthermore, every partner has to pay a tax from his part of gain from participation in partnership. In case if partnership has overseas partners and company does not make business on the territory of UK, there is no taxation on the territory of UK, and partners have to realize their tax responsibilities singly in a registration country and/or location. Agreements on exemption from double taxation Partnership is not a subject of agreements of double taxation avoidance Equity capital of the company No requirements in respect of the minimum amount and contribution of the equity capital Recommended equity capital 2000 GBP, divided into 2000 shares with per value 1 GBP Partners: - Minimum number Two legal or natural entity Director One legal or natural entity, any nationality Holding of the meeting of partners Annual meetings required, no requirements as to place of meeting Does the law provide for disclosure of information about the actual owner of the company The real owner of the company cannot be identified if shares are held by a nominee director Information at disposal to the third party Open type of the Register of Enterprises Names and addresses of partners, registered office On the territory of UK there has to be: - registered office - registered agent - secretary Required Not required Not required Mandatory - to submit an informative report - keeping of accounting records - annual account - presentation of auditor's conclusion Required Required Required Not for small companies Financial year ending on See: Annual support of companies Term of incorporation, attaching of Apostille to documents 15 working days Costs of registration of company See: Costs of registration and service Possibility to purchase a ready-made company Yes, see: Ready made companies