Dear Valued Clients,

Our company has undergone a consolidation with OCH Ltd. (www.offshore-companies.co.uk).

We will continue to serve you with the usual high standard, and same competitive prices.

UK LLP as Tax free Business Structure

Non UK residents as well as non-domiciles are potentially best positioned to minimise UK tax through use of offshore companies.

UK LLP: Specific Advantages for non UK residents

UK LLP is not liable for corporation tax and only personal income tax is charged on its members. Personal income tax is only chargeable on the profits derived from trading within the UK. Potentially, UK LLP with two members being offshore companies may not pay any Corporation Tax or personal income tax in the UK. In order to achieve this you need to ensure that:

  1. The Directors of offshore companies or individuals (members of UK LLP) are non-UK residents.
  2. Control (management meetings, contract signings, decision making, etc) should be considered to be exercised overseas.
  3. UK personal income tax is only payable by a UK non-resident member on the profits gained from trade within the UK. Also the UK has more than 100 double taxation treaties in place, which can be used to your advantage.

In terms of disclosure, the Partnership where all partners (members) are non-residents in the UK should only enter the profits from UK operations; therefore if there is no UK trade, the return is blank. However, UK Limited Liability Partnership financial statements need to be filed with the Companies House, including overseas trade.

Consider an example of UK Limited Liability Partnership application below:

  • UK LLP is selling goods to Russia (or USA, etc...), buying it from China (or India, etc...);
  • LLP UK makes no sales in Great Britain;
  • The members of UK LLP are two offshore companies located in Dominica and Anguilla (or similar offshore jurisdiction). Both company directors and shareholders are non UK residents. (We can provide Nominee Directors and Nominee Shareholders for offshore companies).

Result: The LLP UK is not taxed on the income (i.e. no Corporation Tax to pay), as it is a “see through” (“path through”) entity and the partners are taxed on their individual income. If the partners are non UK residents (example, offshore company), they are not taxed on the profits that derived outside of the UK. In the example above, the profit derives from Russia and USA.

This simple structure together with a bank account in UK or EU country would be the most tax efficient not to mention one of the most reputable way of conducting business.

You can buy this structure (two offshore companies plus UK LLP registration) as a UK Tax Free Business Structure from £ (GBP) 1,566 or $ (USD) 2,752

It is a discounted price to make your money go further from the start of your business journey.