United Kingdom (UK) 

General information

The United Kingdom with over 110 treaties and a world known investment centre makes it a good gateway into Europe.  It continues to be a good location for companies that need a European presence.


Currency: Great Britain Pound
Language: English 
Type of law: Common law
Type of Company: Limited Liability Partnership

Principal Corporate Legislaion:

Limited Liability Partnership Act 2000

The Income and Corporate Taxes Act 1988 (as amended)

Uses:Commercial and trading activities, subject to trading restrictions as belowTrading Restriction:

Cannot undertake business of banking, insurance, financial services, consumer credit or any other activities associated with the finance industry

Company name:

Restrictions: similar or identical to existing company, name that suggests the patronage of the Royal family or implies an association with the government of UK.  Names which include the words assurance, bank, building society, insurance, reinsurance, etc. or equivalents in foreign language requires the approval of the Secretary of State.

Language of legislation and corporate documents:

English Taxation:

The LLP itself will not be the liable for taxation but the profit or gains will be assessed to tax separately on the individual partners

Annual license fee:Not applicable

Double Tax Treaty Network:

Party to double tax treaties with many countries, but they are not applicable to partnerships’ income

Registered Agent / Office:

Must maintain a registered office address within the UKMembers:Minimum number: Two
Publicly accessible records: Yes

Disclosure of Beneficial Owner:

Not publicly availableDesignated members:Minimum: two must be responsible for the affairs of the LLP
Nationality: no restriction
Publicly accessible records: Yes
Location of meetings:  Anywhere Secretary:Local or qualified: No restriction Share capital:Not applicable Annual Reporting:Must file Annual Return and Annual Accounts.  Filing of audited accounts is required but small company exemption Shelf company:Yes


Free Tax Planning Summary>>>