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
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 LP 18.07.2017 1024 GBP Order now
STRATACORP LP 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 statement Required


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!

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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!