English Partnerships
English Limited Liability Partnership (LLP) can offer many benefits to UK residents wishing to do business outside the UK. Legal activities of such companies (LLP), not limited, and may carry on business anywhere in the world. LLP company must have a registered office in the UK, which is indicated on invoices (invoices) issued by the company.
Main advantages of the English Partnership (UK Limited Liability Partnership, UK LLP)
- There are no taxes in the UK, provided that the partnership does not trade in the UK and partners are not residents of the UK. Partners are taxed in the jurisdiction of their location.
- No requirements to submit financial statements in the Register of Enterprises.
- Internationally recognized jurisdiction with an excellent reputation.
- High confidentiality.
Features:
- English Partnerships must fill out and submit an annual report with zero tax liability. If this becomes an boring, the Partnership may apply to the Internal Revenue Service of the United Kingdom to recognize LLP as inactive for tax purposes, if this status is confirmed, it is usually issued for a limited time.
- The British partnership must consist of two or more partners who carry out business activities for profit - they can be any natural or legal persons. Most English Partnerships established two entities - offshore companies, thus following the principle of tax transparency LLP is not subject to tax in the UK, and for their partners must pay income tax at the place of their "registration" - offshore.
- Members of the English Partnerships have to be careful with money transfers in the UK, in rare cases, it may be subject to tax in the UK.
Value added tax (VAT) and English Partnerships (LLP)
- While the LLP is trading outside the UK and the European Union, the company will not be subject to registration as a VAT payer.
- Partnership LLP involved into international operations may voluntarily apply for the acquisition of the status of the taxpayer in the UK, this usually happens if there is a benefit from the use of agreements to avoid double taxation. In general, LLP is regarded as a legal entity, but for tax purposes, LLP, is generally regarded as a partnership.
Registration
- Founders - any natural or legal person
- Registration period - 3 weeks. A complete set of documents - 4-5 weeks, which includes the following:
- Registration certificate
- The contract of partnership
- Certificate of participation
- Power of attorney
- Trust Deed
Necessary documents for purchase / registration:
- A copy of the passport of the beneficiary (the company owner).
- Information about the place of residence of the beneficiary.
How to buy / register?
- Call us and arrange a meeting with a representative of LTSS International in your city.
