Eternity Law International — News — Company registration in Scotland

Company registration in Scotland

Published:
October 6, 2020
Registration fee 1 000.00 EUR
The cost of renewal of the company 900.00 EUR
Number of Directors 1
Corporate tax of 0.00%
Paid in Charter Capital 0.00
Requirements for mandatory reporting Yes

SET OF DOCUMENTS:

  • Certificate of incorporation (Certificate of incorporation)
  • Limited Liability Partnership Agreement (Memorandum of Association of a Limited Partnership)
  • Minutes of the first Meeting of the Members (Minutes of the first meeting of the Participants)
  • Minutes of the Organizational Meeting (Minutes of the Meeting of Participants)
  • Share Certificates
  • Notice of Resignation as Members (Application for the withdrawal of the Participant from the Partnership)
  • Letter of Resignation as Manager
  • Minutes of the Organizational Meeting (Minutes of the Constituent Assembly)
  • Letter of Resignation as Manager (Application for the Resignation of the Manager)
  • Non-Trading Warranty (Certificate of Commercial Purity)

DOCUMENTS WHEN USING THE NOMINAL SERVICE:

  • Power of attorney
  • A rejection letter from the Nominee Director
  • Refusal letter from the Secretary
  • The Nominee Director’s declaration on the provision of nominee services
  • Deed of Indemnity
  • The Trust Declaration from the Nominee Shareholder
  • Instrument of Transfer documents for Shares

The United Kingdom is one of the world’s largest trading territory and financial centers, and it takes the second place in Western Europe (after Germany). The UK is not a tax haven, but it has relatively low tax comparing to other counties in Europe. It means that with a properly constructed international trading group of companies, it is possible to minimize the tax or completely eliminate it for the British company.

UK COMPANY MAIN FEATURES

Company registration in Scotland – in the form of the LP in The Great Britain

At least two partners are required (the package includes 2 offshore corporate partners)

Limited partnerships do not have share capital, and “capital”, which is contributed by partners (there is no minimum, the amount is determined by partners)

In the UK the income tax is absent, if the company’s partners are offshore enterprise and activities are conducted outside the UK/ It should be noted that it is necessary to file a tax return annually (even if there is no corporate tax)

VAT: possible, but not recommended, if you act only outside the UK

The British LLP, which does not pay corporate tax in the UK is not a tax resident.

APPLICATION OF POPULAR UK COMPANIES

Limited company (LLC) is the most popular in the UK.

The Limited Liability Partnership (LLP UK) has been introduced in the UK since April 2001 under the LLP 2000 Act. LLP combines the fiscal transparency and flexibility of a limited partnership. In the UK, corporate tax can be avoided completely if the company operates exclusively outside the UK. The LLP partnership agreement is specially designed to allocate 100% of the partner’s non-resident profit.

Both UK Ltd. And LLP UK is widely used as:

Holding companies that can receive dividends from a foreign subsidiary, and also pay dividends to an offshore beneficiary without the need to pay tax in the UK in any form.

Agency companies that carry out international trade as agents for offshore and other non-British beneficiaries, and receive only commission income. Agency companies in the UK are often used to open an account with a bank in a UK bank for an offshore beneficiary.

Nominee companies that serve as asset protection means, i.e. holding to protect property or other assets on behalf of a third party.

Companies for royalty payments that can receive royalty-related royalties outside of Britain, without bringing UK income tax

Ready-made companies are available. Ask right now.

BRITISH COMPANY TAXATION

CORPORATE PROFIT TAX: The standard rate of income tax is 20% (profit up to £ 300,000). To reduce the tax base, agency structures are often used.

DIVIDENDS INCLUDED: from 0% to most dividends.

Capital gains tax: capital gains, as a rule, are treated as ordinary profits. The exemption applies if –

– The selling company owns at least 10% of the company’s shares, and they are sold within 12-24 month

and

– The companies are trading.

Repatriation tax:

Royalties: The standard rate is 20% if not exempted in accordance with the EU directive on interest and royalties or reduced in accordance with the Double Taxation Treaty.

DIVIDENDS: 5, 10, 15%

INTEREST: The standard rate is 6% if not exempted in accordance with the EU directive on interest and royalties or reduced in accordance with the Double Tax Treaty.

DOUBLE-WIDE tax agreements with 125 countries, including Belize, Hong Kong, Cyprus, Malta …

TAX FOR ADDED VALUE (VAT). EU VAT regime. The standard rate for domestic sales is 20%.

If you need a company registration in Scotland, our specialists will help you quickly and professionally register a company in Scotland. Also, you can buy a ready-made company in Scotland. Write to us in the CRM form and we will help you register the company in Scotland.

Eternity Law International specialists will provide you with qualified advice on acquiring the company in European jurisdiction, opening a bank account in any jurisdiction.

We offer ready-made offshore companies – re-registration of documents for new owners takes 2 days.

If you have any questions or need advice on the registration or purchase of the company, please call us at the numbers on the website or fill out and send us a form at the bottom of the page.

You could be interested

Legal regulation of operations with cryptocurrencies in Latin America

Regulation of operations with cryptocurrencies in Latin America has been popular for a long time. Three years ago, the report of the State Treasury showed an increase in such transactions in the amount of 510%. The most impressive growth was recorded in 2016 – $ 50 billion. The prospect of business development using digital money...

Overview of Initial Coin Offering

With ICOs, you have the chance to invest in emerging crypto. A business may sell a brand-new cryptocurrency as part of an ICO to acquire capital. Although ICOs offer the potential for significant rewards, they are dangerous due to a lack of regulation. You’ll discover all there is to know about this topic in this...

Electronic money license in UK

UK is a fairly popular country for business-persons intending to bring their business to the global level. Launching a company in this commercial space has plenty of prospects and benefits for a businessman. Both novice business-persons and experienced capital owners intending to work in e-money choose the UK, since such permission is recognized in most...

Company registration in Albania

Registration of a company under the jurisdiction of Albania and opening an account in one of the Albanian banking institutions is an excellent opportunity to implement large business projects and bring them to the European market. For entrepreneurs, Albania is beneficial for the following reasons: stable economic and political situation; advantageous geographic location; the banking...

Consulting of cryptocurrency

PARTNER PROGRAM “WHITE LABEL” Eternity Law International is engaged in providing a comprehensive consulting of cryptocurrencies and services in the field of blockchain and cryptocurrency technology. It offers its clients the provision of legal business activities related to earnings on cryptocurrencies. Complex consulting, which deals with the company, is always characterized by high quality of performance...

Top 6 Best Offshore Jurisdictions for trading

Trading is the buying and selling of currencies or securities in order to profit from fluctuations in their value. Those who pre-analyze the market to find the best products to sell and make similar deals are called traders. Sometimes they are also referred to as investors. The main point of such activity is that traders...

Discover our services

The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.

Ready-made companies for sale

Companies with a bank account around the world

Banks for sale

Established Banks for sale

Ready-made licenses for sale

Forex, cryptocurrencies, gambling, EMI, PSP, SVF, MSO, DLT

Licensing

Forex licenses, cryptocurrencies, gambling, EMI, PSP, SVF, MSO, DLT

Offshore company registration

Expert advice on the acquisition of an offshore company

Open a bank account

Open bank accounts in more than 120 banks around the world
Fill the blank:

Zurich

Dreikonigstrasse, 31A, Stockerhof
+41 435 50 73 23

Kyiv

Baseina street, 7
+38 094 712 03 54

London

Grosvenor Gardens, 52
+44 203 868 34 37

Washington

1629 K St. Suite 300 N.W.
+1 (888) 647 05 40 Toll Free

Vilnius

Gediminas Avenue, 44A
+370 52 11 14 32

Tallinn

Kesklinna linnaosa, Tuukri 19
+372 880 41 85

Edinburgh

Lochrin Square, 1
+44 203 868 34 37

Nicosia

Jacovides Tower, 5 floor
+371 665 550 51

Riga

Esplanade, 7 floor
+371 665 550 51

Hong Kong

18 Harbour Road, 35/F, Central Plaza, Wanchai
800938622 Toll Free

Singapore

Level 42, Suntec Tower Three, 8 Temasek Boulevard
+6531594300

Sydney

20 Martin Place
+61 2 888 00 365

Porto

2609 Avenida da Boavista
+351 800 500 206 Toll Free

Tbilisi

Revaz Tabukashvili Str., N 45, area N 7
+995706070360