SCOTLAND OFFSHORE COMPANY INCORPORATION

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SETTING UP AN OFFSHORE COMPANY IN

SCOTLAND

Leverage the strategic advantage of selecting the sixth-largest global financial center as your business’s establishment location. By doing so, your company can enjoy a full exemption from corporate tax, offering a significant competitive edge in terms of fiscal advantages.

SCOTLAND OFFSHORE COMPANY INCORPORATION

Establishing an offshore company in Scotland represents a potentially advantageous move for new entrepreneurs looking to benefit from income tax exemptions.

Within the United Kingdom, there are various legal structures for businesses, one of which is the Scottish Limited Partnership (LP), akin to a limited partnership.

Choosing to form an offshore company in Scotland as an LP offers the opportunity to enjoy tax exemptions in the UK, provided the company does not engage in any commercial activities within the country and its partners are non-residents.

It’s important to highlight that the LP legal structure in Scotland has been in existence for over a century and remains the most prevalent, granting businesses the chance to expand operations within the country without being subject to taxation.

Consequently, this business model has played a significant role in positioning Scotland as a leading global financial hub, offering entrepreneurs a favorable legal environment for conducting business activities.

WHAT TO KNOW ABOUT SCOTLAND

Scotland enjoyed the status of a sovereign state until May 1, 1707, when the Act of Union merged it with the Kingdom of England to form the Kingdom of Great Britain. Positioned north of Great Britain, Scotland encompasses several small archipelagos, including the Hebrides, Orkney, and Shetland. It also stands as one of the six Celtic nations.

Edinburgh serves not only as the capital of Scotland but also as its financial and administrative hub.

Edinburgh is acknowledged as the sixth financial center in Europe, following London, Paris, Frankfurt, Zurich, and Amsterdam.

While neither Scotland nor the United Kingdom is deemed a tax haven, all companies established under the Limited Partnership Act 1907 enjoy a tax exemption on profits.

ESTABLISHING A COMPANY IN SCOTLAND

Done within 5 working days.
100% online.
Right choice for a private investment fund.

USES OF AN OFFSHORE COMPANY IN SCOTLAND

A good choice for managing and collecting commissions or royalties related to intellectual property.
FINANCIAL INSTITUTION
One of the activities that is subject to regulation and a license application from the regulator, but which remains easy to obtain.
INVESTMENT FUND
The legal figure LP very well defines the structure of a private investment fund.
HOLDING
A holding is a parent company whose purpose is to bring together partners or shareholders who wish to acquire a significant influence in other companies.
INTERNATIONAL TRADE
A favorable and suitable jurisdiction for carrying out activities such as e-commerce, import/export, and/or professional services, with income tax exemption.
TRUST
The most favorable jurisdiction to create a trust company or a foundation while benefiting from a great brand image and protecting your heritage.

ADVANTAGES OF AN OFFSHORE COMPANY IN SCOTLAND FORMATION

CAPITAL
No capital release requirement when setting up a business in Scotland
ACCOUNTANCY
No bookkeeping or auditing is required.
RESIDENCE
There is no restriction regarding the residence and/or nationality of the directors and/or shareholders.
TAX
Exemption from profit tax, income tax, capital gains tax and inheritance tax.
BRAND IMAGE
Flexible, politically stable legislation with a modern vocation and bureaucratic ease to set up a business while maintaining investor secrecy and confidentiality through the use of nominated services.
EXCHANGE CONTROL
No exchange controls for offshore companies in Scotland.

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Legal Experts

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Fintech Licenses

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Company formation and management

COMPANY FORMATION IN SCOTLAND MAIN CHARACTERISTICS

Incorporation time frame
5 days
Type of business entity
LP
Corporation tax
0%
ISO standards management
Available
Financial performance of transfer price
High performing structure in terms
Information on shareholders
Available
Nominee Services
Nominee Services
Partners
Min. 2 partners
Financial services license
Available
Information on directors
Disclosed

LOOKING TO START YOUR OWN SCOTLAND OFFSHORE COMPANY?

Book your appointment with our team of experts.