X
Free
Don’t go empty-handed!
Learn more about offshore business!

Let us provide You with a valuable opportunity to discover what You may need an offshore company for, who is eligible to incorporate it and steps of incorporation process. All the info may be found in our free brochure.

  • The truths and myths about offshore companies
  • Who is eligible to set up an offshore company
  • Choosing the right type of an offshore company
  • Choosing the correct offshore jurisdiction
Free
Receive it to Your e-mail address for FREE
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

Order Your UK Company Now!

UK Ready-made company

Bank account introduction
+ Mastercard

Nominee Director,
Nominee Shareholder

The power of Attorney

A COMPANY IN SCOTLAND

Accounting: Yes, Secretary: Yes,

0%

€1,600

0%

Formation time :

3 days

Minimum capital :

£1

ANNUAL FEE :

€1,000

ADVANTAGES OF COMPANY IN SCOTLAND:

0%

  • Tax benefits and government support
  • No income tax

100%

  • Access to a developing economy
  • High level of political and economic stability

Want more information about Scotland?
Receive brochures via e-mail!

Brochure about Scottish business structures is the last in the UK jurisdiction series. All the requirements, practice of application, advantages, main differences between the UK LLP and Scottish LP and other issues are examined in this survey.

Start your business in Scotland in 3 days

A company in Scotland

€1,600

Drafting of statutes
Registration of the company
Domiciliation
Government tax
Annual Return
Legal fees
Additional services
Nominee Director
from €300
Nominee Shareholder
from €300
Power Of Attorney
€80
Documents notarization and apostille
from €350
VAT number
€500
Corporate Bank Account
€670
Private bank account
€500
Local phone number
€80 / m
Local phone number + Personal Secretary
€100 / m
Secure remote desktop server
€400 / m
Domain and corporate email
€100 / m
Website and company logo
from €350
Advantages of an offshore company in Scotland
General Information

The Scottish economy is based on the entrepreneurial system and the state does not interfere much with it. The majority of large businesses are based in Edinburg, the heart of the country’s financial life. At present Scotland is opened to modernization and technological development.

Types of Companies

  • LLP – Limited Liability Partnership
  • PLC – Public Limited Company
  • Limited partnership
  • European Economic Interest Grouping (GEIE)
  • European Company (SE)
LLP is the type of entity mostly used by foreign investors to set up in the country.

LLP corporations, the shareholders of which do not reside in the UK and are not doing business on its territory are not liable to taxation unless they decide to be. The corporate revenue is considered to be the partners’ income, thus being taxable in accordance with the shares held in the home country of the stockholder or the country of incorporation in case the entity is set up by companies.

It’s advisable that the participants of a “non-resident LLP” reside in the tax-advantageous non-European zones, to establish a firm status of non-residence for taxation in UK.

TAXATION

Aiming to attract investments and encourage innovation along with skills development, Scotland promotes the favorable business environment and maintains high living standards. Various financial incentives are offered to the foreign entrepreneurs in Scotland. Tax credits for R&D expenses and grants for the projects in the environmental protection sphere are just some of them.

ACCOUNTING

Balance sheet, income statement and a schedule are obligatory for any business, annual audit and publication are mandatory to a certain type of businesses depending on the corporate structure.

Tax rate

Tax on Income: 33.5% for £300,000 to £1,200,000, 31% beyond that; Tax on capital gains: 18%; Tax on dividends: 10% up to £37,400, 32.5% up to £150,000, and 42.5% beyond that.

VAT: 17,5%

Shareholders

Two companions minimum, at least, one of them should be Active Partner “General Partner”

Foreign shareholders

Yes

Foreign holding

Yes

Legal obligations

Mandatory audit of annual accounts

Annual fees starting from the 2nd year

Provision of nominee shareholders, head office, annotated POA, preparation and submission of the annual report and the declaration of nil income Cost: €1,300 + VAT and shipping.

Deadline

12 to 15 working days from the receipt of all documents 3 to 5 days for the available turnkey company mail.

Headquarters

Business address, telephone transfer, fax, and mail. Possibility of having a physical office (prices vary depending on demand).

Banking

Scottish LP companies active outside the UK, are advised to set up accounts in banks of Latvia, Estonia, Denmark, or Cyprus.

Accounting

Mandatory annual financial report, schedules, and management reporting.

Scotland is known by financial independence, political and economic stability, including existence of attractive forms of business organization, where a limited liability partnership (Scottish Limited Partnership – SLP) plays a significant role. The SLP operates as an alternative of the offshore company and gives the chance to the business owner be exempted from the taxation.

General information about Scotland

Scotland was founded in 843. In 1707 the English and Scottish Governments took the decision to unite territories and create Great Britain. Nowadays Scotland is an administrative and political part of the United Kingdom of Great Britain and Northern Ireland. Scotland is situated in northern part of the island Great Britain, near England, and washed by Atlantic Sea, Northern and Irish Seas.

Administrative center: Edinburgh.
Population: 5,3 million.
Official language: English.
Currency: British pound (GBP).
Currency exchange control: no.
The law system: the Anglo-Saxon.
Taxation system: resident.
Political system: parliamentary monarchy.
State system: Scotland has its own Parliament which acts as the main legislature. Executive power belongs to the Government headed by the Prime minister. The judicial system is presented by different courts. The Supreme Court – the highest judicial instance, then there are Courts of Appeal, Courts of the first instance (District Courts) and Justice of the Peace Courts.

Key Applications of SLP are:

  • Export/import operations
  • Investments
  • Holding

Advantages of Scotland:

  • Political stability
  • The high level of reputation
  • Absence of currency control
  • Null taxes, if partners of SLP are off shore companies
  • It isn’t necessary to pass non-financial reports

Shortcomings of Scotland:

  • It is necessary to hand over the annual tax declaration
  • There is no opportunity to avoid double taxation if partners of SLP are nonresidents of Great Britain
  • Information about the tax status of SLP is available in the public sources
  • If the General partner is used, the risks (that are connected to his unlimited liability) are increased
Other features

If the Partnership’s turnover reaches 77 000 pounds sterling (GBP) a year, then the Partnership has the right to obtain a VAT number in Great Britain. Nevertheless, this procedure is more difficult for the Partnership, than for the company with limited liability (LTD).

What does SLP mean?

Such type of organization as SLP appeared in 1907 when Limited Partnerships Act entered into force in Britain. According to this Act partnership is a separate legal entity that has the right to own assets and to sign agreements. To register SLP, all partners shall sign the special LP5 Form and send it to the Register of the Companies in Edinburgh. After registration the Registration certificate is issued.

For partnership’s management the General partner is appointed. At least one General partner with the unlimited liability shall be in the staff of the company. For the minimization of risk that concerns unlimited liability, the General partner often uses the legal entity or offshore formations. In that case it is possible to appoint the managing director who will be engaged in maintaining documentation and other relevant issues.

According to Partnership’s requirements, except the General partner, there must be at least one limited liability partner in the staff of the company. Such partner has no right to manage the partnership, but bears responsibility to creditors limited to the share in the partnership. The limited liability partner has no right to take away his contribution from the partnership until its existence comes to the end.

SLP doesn’t pay corporate taxes and capital gains taxes. All profit of SLP accumulates in partners’ hands. Each partner has to declare the profit in the native country and pay the corresponding income tax.

Partners of SLP who are nonresidents of Great Britain may not pay the British taxes if the following conditions are satisfied:

– SLP doesn’t conduct the activity on the territory of Great Britain;
– SLP gains income outside Great Britain;
– General partner isn’t a resident of Great Britain.

If SLP doesn’t want to pay taxes at all, then companies from offshore jurisdictions are appointed as partners, for example, companies from Panama, BVO, Nevis and other countries.

Distribution of SLP income:

Income of partnership is distributed in proportion between partners depending on share of participation of each partner, or in any other manner, which partners agree to in advance.

Characteristics of Scottish Limited Partnership

Main characteristics

Type of the company

Scottish Limited Partnership (SLP)

Legislation

Anglo-Saxon

Period of registration

15-20 days

Corporate income tax

No (if certain conditions are satisfied)

Agreements of double taxation avoidance

No

Activity in the territory of jurisdiction

Allowed, if British taxes will be paid

Relocation into another jurisdiction

Not allowed

Authorized capital

Standard currency

Minimal Registered capital

Authorized share capital

Participants

Minimum

2 partners (General partner and limited liability partner)

Publicity of the participants’ list

Yes

Places for meetings

Any place

Final Beneficiaries

Confidentiality of information

Directors

Minimum

Local Director

Publicity of the directors’ list

Places for meetings

Secretary

Is it required?

Has to be a resident?

Accounting

Maintaining financial statements

Yes

Audit of financial records

No

Filing of financial statements

Yes. The tax declaration should be presented annually. There must be shown the size of the income of each partner, no matter, partners are taxpayers in Great Britain or are not.

Confidentiality of statements

Yes

Annual non-financial report

Not required, but if some changes were in structure of the Partnership, then it is necessary to submit data to the Register of the Companies within 7 days.

Payment for the submission of the non-financial report

No

Fees to the budget

Annual fees to the budget

No

© 2016-2018 OEC Media LTD DMCA.com Protection Status
Offshore Express company Контакты:
Адрес: Dalton House 60 Windsor Avenue SW19 2RR London,
Телефон:01 76 38 01 12, E-mail: contact@offshore-express-company.com