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Where to Incorporate Your Offshore Company

View Offshore Information by Country/Jurisdiction:

Belize	British Virgin Islands	Cyprus
Delaware Non-Resident LLC	Gibraltar Tax Exempt Company	Gibraltar Non-Resident
Irish Domestic Companies	Isle of Man	Jersey
Liechtenstein Foundations	Luxembourg Holding Company	Netherlands Antilles
Panama	UK Managed Ltd Company	UK Non-Resident LLP

UK Non Resident Limited Liability Partnerships Fact File

The United Kingdom is located North of France and East of the Republic of Ireland. Formerly the world's foremost imperial power occupying almost 1/4 of the planet with a rich history and well established democratic tradition. However, after the Second World War the Empire started to disintegrate with the UK itself going into rapid relative decline.

Over the last two decades, the country has with some success reinvented itself as a multicultural post industrial society and has managed to secure an economic position on a par with France currently being either the 4th or 5th economic power in the world. The country has a population of almost 60,000,000 and is the most populous country in Europe save for Germany.

Star Ratings:

• Corporate registration efficiency: 5 / 5
• Cost: 5 / 5
• Confidentiality: 3 / 5
• Local banking facilities: 5 / 5
• Legal system: 5 / 5
• Political stability: 5 / 5
• Reputation: 5 / 5

Overview

The Limited Liability Partnerships Act of 2000 created for the first time a British version of the American Limited Liability Company. Like its America cousin it is governed by an Operating or Limited Liability Partnership Agreement and can be structured in a way to allow non-UK resident individuals, conducting all their business outside of the UK to enjoy the prestige of a genuine British entity without liability to UK taxes.

However, it is important to note that tax consequences may be created in the jurisdiction of management and control and/or the fiscal residence of the beneficial owners depending on double taxation treaties and the specific drafting of the Operating Agreement.

Tax Planning Credentials

Subject to the use of the correct structure and that there are no UK activities or ultimate UK beneficial owners it seems that the Inland Revenue will not seek UK tax at either a corporate or individual level. Further, it is possible to register for VAT in the Isle of Man if a genuine local presence is created but this would require the services of our sister company The SCF Group.

On the negative side it is important to note that although LLPs are fiscally very attractive and prestigious they are nevertheless genuine UK legal entities and must maintain full and proper accounts - These can be provided by In-a-Minute - whilst there is also exposure to UK Stamp Duties between 1% and 4% on any equity transfers rather than the 1/2% charged where a domestic limited company transfers shares.

General LLP Benefits

• The UK is actively pro-business and is relatively free of bureaucracy.
• A virtual office presence can be established in London to give the impression of being a domestic LLP.
• The Certificate of Formation, Articles of Organization (if applicable) and the LLC Agreement are remarkably flexible.
• All legal documents supplied from the appropriate division of corporations can be quickly apostilled pursuant to the Hague Convention of 1961.
• Highly respectable and credible jurisdiction.
• Full range of services office address options.
• UK LLPs can be registered in as little as 7 working days (if expedited).
• Well-educated population.
• Highly developed corporate and general law.
• Excellent communications.
• Prestige of having a UK registered entity.
• Low annual Companies House Duties.
• Fiscal transparency for both domestic and non-resident LLPs.
• Ability of non-resident LLP's to be externally managed in low tax, tax-free or tax exempted jurisdictions.