Incorporation of Company

Onshore Jurisdictions
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Scotland is a part of the United Kingdom, a leading global financial and business centre and an important jurisdiction for international tax planning. The UK is known internationally as a jurisdiction with a standard level of taxation. However, Scottish law provides the opportunity for registration and operation of companies with a zero tax rate by means of a Limited Partnership (L.P.).

A Scottish L.P. is an ideal solution for those who prefer to operate a company incorporated in the EU and enjoy a totally tax-free facility at the same time.

A Scottish L.P has no material differences to an English L.P. However, Scotland provides an opportunity to utilizea business instrument that is used less frequently.

An L.P. is a partnership of at least two members that is registered by filing registration forms (form LP 5) with the Registrar of Companies of Scotland.

A Scottish L.P. with foreign members, which does not carry on a business in the UK and derives no income on UK territory, is not liable to tax in the UK. According to the tax laws of Great Britain, the L.P. is not considered as a separate subject of taxation. The founders (“Partners”) are liable to pay taxes from the profits received by the L.P. company in their place of residence in proportions according to their share of interests belonging to them in the L.P.

As an example, a Scottish L.P. which has as partners one Belize company and one BVI company, which receives the income only outside Great Britain, will not be assessed to tax. Taxes will be paid by the members in their country of residence if it is stipulated by the legislation of that particular country.

Principal Corporate Legislation: Partnership Act 1890, Limited Partnerships Act 1907
Type of Law: Common
Language of Legislation and Corporate Documents: English
Type of Company for International Trade, Investment & Tax Planning: Scottish LP – Limited Partnership.



Scottish Limited Partnership

The minimum capital contribution is GBP 2.
Restrictions on Trading
Banking, insurance, assurance, reinsurance, fund management, collective investment schemes, trust management, trusteeship business provision are not permitted.
Registered Office
Required Each Scottish LP must have a Registered Office in Scotland.
Not Applicable.
Designated Members
The minimum number of designated members is two (designated members are analogous to the executive directors of a company).
Publicly Accessible Records
Nominee Designated Members
Location of Meetings of Designated Members
Disclosure of Beneficial Ownership to Authorities
Personal Presence Required
Fiscally Transparent.
Double Taxation Treaty Access
Requirements to File Accounts
Requirement to File Annual Return
Audit Requirements
Exchange Control
Language of Name
Restricted Words
Words such as "Assurance", "Bank", "Building Society", "Royal", "Trust Company", "Trustee Company" etc. will require justification.
Name of a Company
The words "Limited Partnership" or "L.P." must be part of the name of every company.
Time to Incorporate
Two days.
Shelf Companies
Scottish LP Shelf companies are available.


Cost of Formation: Request a quotation



Card PMT provides the following services in Scotland:

  • Scottish LP Formation
  • Registered Office Services
  • Company Secretarial Services
  • Nominee Shareholder/Nominee Director
  • Opening of Bank Accounts
  • Full Scottish LP Administration Services
  • Mailing Address
  • Virtual Office
  • Book Keeping & Audit
  • VAT Registration
  • EORI Registration
  • Trademark Registration

Please contact us for your free initial consultation.


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Please contact us for additional information about incorporation of companies in other offshore jurisdictions.


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