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Seychelles general information

Seychelles: general information

Presentation of general information about the Seychelles, peculiarities of the historical, political and economic development, investment environment, business industry and set of financial instruments as well as international reputation of the jurisdiction

Seychelles general information
Why to choose Seychelles?

Why to choose Seychelles?

Detailed research of features and advantages of all business companies types which could be incorporated within the jurisdiction of the Seychelles

Why to choose Seychelles
Seychelles: IBC & CSL

Seychelles: IBC & CSL

The brochure is devoted to research registration process, capabilities, tax rates and application practice in business environment of Seychelles IBC and CSL.

Why to choose Seychelles
Seychelles: Foundations, Trusts, Limited Partnerships

Seychelles:
Foundations, Trusts, Limited Partnerships

The brochure deepen in the essence of the next types of Seychelles entities such as foundations, trusts and limited partnerships which are considered suitable vehicles for international tax planning, assets protection and other financial activities.

Why to choose Seychelles
Seychelles: Cooperation between companies

Seychelles:
Cooperation between companies and banks

The brochure provides considering relationships between banks and entities that is a natural extension of opening an entity in the Seychelles.

Why to choose Seychelles
Seychelles: frequently asked questions

Seychelles:
frequently asked questions

The brochure summarizes the survey about Seychelles offshore and answers some frequently asked questions, which arise when acquainting with the Seychelles jurisdiction.

Why to choose Seychelles
UNITED KINGDOM: OVERALL REVIEW

UNITED KINGDOM: OVERALL REVIEW

In this brochure, examples of practical use of an LTD are examined eg provided detailed information on a business purposes as using an LTD as company receiving dividends, holding company and nominee or agent. Another one issue is to study complex guidance how to rule an LTD and LLP.

UNITED KINGDOM: OVERALL REVIEW
UNITED KINGDOM: LTD & LLP (part 1)

UNITED KINGDOM: LTD & LLP (part 1)

This brochure presents an information about tax rates and tax residence status in the UK. In addition, it is studying the details of the most demanded business structures, particularly Private Company Limited by shares (LTD) and Limited Liability Partnership (LLP)

UNITED KINGDOM: LTD & LLP (part 1)
UNITED KINGDOM: LTD & LLP (part 2)

UNITED KINGDOM: LTD & LLP (part 2)

In this brochure, examples of practical use of an LTD are examined eg provided detailed information on a business purposes as using an LTD as company receiving dividends, holding company and nominee or agent. Another one issue is to study complex guidance how to rule an LTD and LLP.

UNITED KINGDOM: LTD & LLP (part 2)
Public Limited Company

Public Limited Company

In this brochure, the leading experts of our company provide answers on the most popular questions related to this business structure. There is an excellent possibility to fill up your knowledge by information about doing business with the help of Public Limited Companies, receive an explanation on the rules how to sell the company's shares on the stock market and other advantages.

Public Limited Company
Scotland: WHY NOT?

Scotland: WHY NOT?

This brochure fulfilled the UK jurisdiction series with Scottish business structures. All the requirements, practice of application, advantages, main differences between the UK LLP and Scottish LP and other issues are examined in this survey.

Scotland: WHY NOT?
Hong Kong: Comprehensive Review

Hong Kong: Comprehensive Review

This brochure dedicated to inform about business atmosphere and business facilities in the studied jurisdiction, explain the reasons of popularity of Hong Kong entities for tax-optimisation purposes. Familiarity with this brochure is the first step on a way to the possibility of carrying on successful business in stable economic conditions of Asian region with maximum benefits.

Hong Kong: Comprehensive Review
Hong Kong: Choosing Business Vehicles

Hong Kong: Choosing Business Vehicles

The present research concerns the most popular forms of business organization in Hong Kong, as well as the basic rules of their use for the purposes of breaking down the tax burden. The brochure contains a number of clarifications regarding the demand for offshore structures in Hong Kong, a minimum set of requirements for the establishment and registration procedures.

Hong Kong: Comprehensive Review
Hong Kong: Frequently Asked Questions

Hong Kong: Frequently Asked Questions

This brochure summarizes the research concerning the reasons of popularity, business opportunities, tax rates, companies and partnerships in Hong Kong. This is an interview where our manager answers frequently asked questions, appeared during the time of studying the Hong Kong jurisdiction.

Frequently Asked Questions
Business Purposes: Regular Practice

Business Purposes: Regular Practice

The brochure says on corporate and classical targets of Hong Kong enterprises, provides examples of practical use of the enterprises established in Hong Kong. Here we specify the long-term and short-term goals of business structuring, as well as the use of Hong Kong enterprises to operate as a trading company, the company, opening a representative office in China and a holding company, which owns the rights to ownership of the company in China.

Business Purposes: Regular Practice
UnitedKingdomOverallReviewBrochurePopup
HongKongOverallReviewBrochurePopup

‘Pluses’ and ‘Minuses’ of LLPs: Important Facts

March 31, 2017

Limited Liability Partnership is one of the most common business organisation forms in the world. In general, this type of entity requires a single business idea and two or more natural or business persons who are called partners. Undoubtedly, every jurisdiction has a peculiar practice and legal background concerning how to establish and operate an LLP. Nevertheless, in comparison there are quite a lot of similar elements.

That is why we would like to discuss several advantages and disadvantages of LLPs as business organisation form, avoiding binding to a particular country.

There is a plenty of reasons which motivate people from different countries to choose limited liability partnership as a basis of their business. We will focus on the most significant and the very first “pluses”. Here they are:

1. Number of Partners
No limit on the amount of participants is a distinctive feature of a limited liability partnership. We consider this feature an advantage, because the amount of liability can be evenly spread in case something goes wrong with the business.

2. The Less Liability, the Better
As you may see from the name of this business entity, the liability of the partners is limited. Limited partners are not personally liable for the losses of business which is held by the LLP. Additionally, there is no liability for business debt. But business profits can be divided between the partners and every partner pays tax on his share in the profit.

3. Tax Advantages
Another great ‘plus’ of operating an LLP is the tax benefits. As a rule, limited partnerships are not regarded as a separate legal entity; consequently, they have no tax obligations. Every partner should file tax documentation for the business and independently determine the amount of the tax paid according to his share in the income from partnership activities.

4. High Flexibility
Often, you can find reference to a flexibility of limited liability partnerships as its defining feature. This flexibility is usually manifested while limited partner receives the right to decide how much he needs to put into the business and the amount of time he can give to this business. Limited partner may have a consultation of professional of any king at his discretion without depending on the position of another partner.

But at the same time there may be some drawbacks to choosing LLP structure in particular cases:

1. Recognizing
Different states may restrict limited liability partnerships in carrying out activities on their territory. In addition, there may be a legal problem that some states refuse to recognize LLPs as a business organisation forms. Fortunately, there are not many jurisdictions of such kind.
2. Extra Taxes
In some cases, large tax limits may be provided for partnerships of this type in some territories. Additional taxes on income or dividends, stamp duties etc. may arise.
3. Less Trustworthy
Another large ‘minus’of limited liability partnerships is that counterparties, customers and other partners could not appraise this type of business reliable. There is a possibility, that companies may cause higher level of a respect in particular circumstances.

On the other hand, there are some important and interesting facts concerning limited partnerships in different countries worldwide. For instance, it should be noted that:

• Only professional accountants or lawyers are authorized to operate on behalf a limited liability partnership, registered in Canada.
• First LLP in Japan arose in 2006, the Japanese law did not provide for such a form of activity. Appropriate legal basis was adopted in 2005.
• The federal United States of America has a unique LLP regulation, which allows the states to accept local legal acts concerning creation of such types of businesses. State of Delaware with its offshore status may be a good example due to this.
• The main document in LLP’s structure is Partnerships’ Agreement and in some jurisdictions could be an obligation to register these agreements in domestic state for the partners.
• The partner who is personally liable for handling taxes of a partnership could be brought to legal responsibility in case of poor performance or failure to fulfill these obligations.

While choosing this type of business, remember one thing: points which are generally regarded as disadvantages by the experts in the field of international law and tax planning, may show up a significant advantage in your particular case. And note, that general information in the Internet is not enough for making deliberate business decisions.

Thus, before starting company formation process, it is recommended to ask professionals for a consultation!

Offshore Express Company provides introductory consultation and assistance with the selection of suitable jurisdiction, which corresponds your personal needs. Enjoy our individual service and become a part of our customer’s family now.

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