Scotland

Scotland is an autonomous state within the United Kingdom of Great Britain and Northern Ireland, population- 5 254 000.

The legal system of Scotland is based on the English Common Law with local amendments.

Limited Liability Partnership (LP), incorporated under the Limited Partnerships Act 1907, can conduct business in any part of the world.

Tax Rate 
Income (Corporate) LP taxnoeach partner pays the tax separately; it depends on the state where a partner is registered as a taxpayer
Value-added tax (VAT)20 %
Double tax treaties - as LP companies are not UK taxpayers, these treaties are not applicable

Advantages 

  • High international prestige as a member of the European Union
  • No corporate (income) tax
  • It is not necessary to submit annual financial statements to Companies House, but this does not exempt the company from fulfilling legislative requirements as to preparing and retaining those
  • An LP may be used for international trade, for service provision, asset protection, as an investment company etc.

Disadvantages

  • As LP companies are not UK taxpayers, Double tax treaties are not applicable
  • Required to prepare and submit financial statements to HMRC tax return anually
  • In case the company acts outside the UK, no VAT number can be obtained
Name Must end with the words “Limited Partnership” or abbreviation "LP"
Words like “Insurance”, “Bank”, “Chamber of Commerce”, “Co-operative”, “Credit Union”, “Group”, “Holding”, “Building Society”, “Royal” etc. may only be used by assent of the authority in charge

Share capital The standard authorized share capital is GBP 2 000, not required to be paid before incorporation
Partners of an LP At least two. An LP is managed by a general partner. The general partner has unlimited liability. The liability of other partners is limited
Registered Address Required in Scotland
Annual reporting Required to prepare and submit the company’s financial statements to the HMRC tax authority

Company formation packages & prices
Basic
Plus
Company formation, preparation of documents
Incorporation fee
Registered address for one year
A set of apostilled registration documents
Company seal
Corporate partner’s services for one year -
Issue of a General Power of Attorney (GPA) -
Apostilization of a General Power of Attorney -
Please see the prices in GBP currency

Ready made companies
Name Reg. Date Price
INTAVEST LPNew 18.07.2017 1024 GBP Order now
AMERLY LPNew 18.07.2017 1024 GBP Order now
STRATACORP LPNew 18.07.2017 1024 GBP Order now
JETSEN COMPANY LP 01.02.2017 1024 GBP Order now

Timeframe
Incorporation of a new company along with the preparation of apostilled documents 20 business days

Annual support (beginning with the second year)
Basic
Plus
Government fee
Registered address for one year
Corporate partner’s services for one year -
Issue of a General Power of Attorney (GPA) -
Apostilization of a General Power of Attorney -
Please see the prices in GBP currency

Annual financial statementRequired


Information that has to be provided by the customer

Incorporation process is possible as soon as the Due Diligence procedure is completed. Please fill in and send us the Order form; immediately afterwards, we are going to send you the information on the document required within the boundaries of the Due Diligence procedure.

1. Consult to determine the order. To choose a jurisdiction for a company we offer a consulting services:

  • via telephone +(371) 67280645
  • via e-mail: consult@bbp-net.com
  • via online question form found in the header Ask an expert
  • Navigation through our web site will help you to determine: benefits, prices and requirements in respective jurisdiction

2. Complete an application form. After you have made your decision, please complete one of the online application forms:

3. Issue of invoice and settlement of order. Within one business day of filling in the online application form, you will receive an invoice via e-mail. You can pay the invoice using money transfer to the BBP bank account provided in the invoice or via Internet, using PayPal. We suggest using PayPal only in case the amount is less than 200 EUR.

ATTENTION! The invoice number should be written in the details of payment!

A payment acknowledgement will be sent to you as soon as we will receive the payment.

4. After we receive the required Due Diligence documents from you, we shall commence the incorporation or the preparation of the documents required in order to carry out the acquirement of a ready-made company.

5. Document delivery to the client. Documents are sent via international courier mail.

6. Further supporting services. We guarantee to inform, assist and provide you with all the necessary services for further support of the company.

Get acquainted with jurisdiction legislation free of charge!

Select one* legislative act that you would like to receive free of charge:


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*Please note that we shall only provide one document for free. If you would like to receive more information please contact us!

Scotland cannot be called a traditional offshore, but nevertheless, there are many businessmen seeking to open a company here, on the territory of Europe. Scotland has a high prestige status among other regions known for their economic stability.

Company registration in Scotland allows entrepreneurs to become part of the international business community and to engage in long-term financial planning. Scotland differs from other regions of the United Kingdom on certain characteristics because it has its own legislation and a separate legal system. A company formation in Scotland will have features typical for both classical offshore and European one. In corporate structure like a partnership income received by partners in this country is not taxed in Scotland. Company formation in Scotland entitles to own multiple assets, various forms of property, attract investment and lending.

Setting up your business in Scotland, you find yourself in the most convenient economic zone.

Geographically being a part of the UK, Scotland is the most autonomous part of it. The official languages ​​are English and Scottish, and the currency is the pound sterling. The stability and independence of Scotland has made this economic zone so attractive to foreign investors. The first wave of foreign capital inflow took place in the 90s of the last century, and it came from the USA and Japan. Since 1907 the legislation of Scotland has taken such a form of legal entity as a limited partnership. To register a company in Scotland will be the ideal solution for those who would like to optimize taxes, to open new prospects for their business, but at the same time to maintain an impeccable reputation and to stay in the legal field.