Scotland is an independent state and a part of United Kingdom and Northern Ireland. Great Britain takes 8th
place of the most popular tourist destinations. It is considered to be one of the most promising jurisdiction because of the level of living, historical sights and entertainment. Scotland is one of the leading European Union countries and a very promising place to register an onshore company. Scotland municipal operation is much more effective, than in other countries.
Country’s jurisdiction advantages
- Serious international weight as EU member.
- Business activities are held on an integrated EU market.
- One of the leading European financial centers.
- Quasi partners are allowed.
- No forex control.
- Clean reputation.
- No requirements to reporting.
Country’s jurisdiction disadvantages
- Strict taxation system.
- It is hard to open a bank account for non-residents because Scotland is one of the world’s financial and banking center.
- Obligatory owners and beneficiaries’ registration.
Types of companies available
Limited Partnership (LP) – company, which can have business activity in any country of the world.
Who will benefit the most
LP fits for services provision, international trade, investment companies and assets security.
- Name of company should end with Limited Partnership (LP). For usage of words such as Bank, Chamber of Commerence, Co-operative, Credit Union, Group, Holding, Building Society, Royal etc. there should be a permission from a state authority obtained.
- Company’s address should be registered in Scotland.
- Annual tax report should be submitted to HMRC.
- There should be at least2 partner of LP.
Each company’s partner should pay tax for his/her share of revenue. In case if both partners are offshore companies, no taxes should be paid my partners.