Companies

UK Limited Liability Partnership is a flexible business tool for international companies with advantageous taxation for foreign partners, limited liability for members and no company structure requirements. UK LLP is a perfect solution for international foreign companies and individuals looking to gain access to European markets without having to pay local UK taxes.


Incorporation:
48 hours + delivery time for the courier


Minimum paid up capital:  No minimum capital requirement


Overview

Separated fr om the European continent by the North Sea and English Channel, the United Kingdom (informally referred to as Britain) includes England, Scotland, Wales, and Northern Ireland.

The United Kingdom is an industrially developed country with a high rating and a standard level of taxation. It is a member of the EU, UN, NATO and other international organisations.

The economy of the UK is amongst the five largest in Europe. The capital is London which is one of the leading financial and business centres of the world.

Whilst the UK is a country with a standard level of taxation, British companies are widely used in practice as a vehicle for tax planning.

Limited Liability Partnership (LLP) is the latest business vehicle in UK which was introduced on 6 April 2001 after The Limited Liability Partnerships Act 2000 received Royal Assent on 20 July 2000. The introduction date was used to coincide with the Inland Revenue tax year due to the way that LLP’s are taxed. LLP may be seen as a hybrid between limited liability companies and traditional partnerships, in that it offers the limited liability available to limited company shareholders combined with the tax regime and flexibility available to partnerships. Prior to this legislation, it was only a Private or Public Limited company that offered all of its members limited liability. The key advantage of a LLP compared with a traditional partnership is that the members of the LLP (it is important that they should not be called partners but members) are able to lim it their personal liability if something goes wrong with the business, in much the same way as shareholders in a limited company are able to.

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Name check
Company incorporation
  • Name check and approval
  • Filling the incorporation documents with the Registrar of Companies
  • A standard set of original corporate documents
  • Payment of the Government Fee
  • Provision of registered office and registered address for one year
Local secretary
Government fees
Registered office for 1 year
Delivery of original documents
Apostilled documents
  • If applying for a corporate bank account, you will need to order a full set of apostilled company documents when the account is opened outside of the country of Company.
Nominee director and shareholder

This service is required if you do not want your name to appear in the corporate documents or in the government registry.

For this purpose, we will appoint another person or entity that will act on your behalf and for your interests and benefit. Such a relationship will be legally based on Power of Attorney and Trust Declaration.Despite Power of Attorney not being publicly available, such service does not guarantee 100% confidentiality. In case of request from public authorities the information about actual beneficial owner may be disclosed.

In case of United Kingdom LLP LP you will be provided with two corporate nominee partners.
Please contact us if you want a custom nominee solution.

N.B.: Nominee Director services will be provided after receipt of details of business and accounting information from the Client

Total amount:
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Facts & Info for United Kingdom Limited Liability Partnership (LLP)

Company
Services
Requirements

General information

Company structure

  • Two or more designated members (can also be a legal persons, no nationality or residency restrictions)

Confidentiality

  • Beneficial owners' details – disclosed to the Registered Agent of the company and is held by the agent on a confidential basis.
  • Information on members will be seen on the website of HM Companies House.

Taxation

LLP’s are taxed quite differently from the companies in that the profits are treated as the personal income of the members as if they had run their business as a partnership. LLP’s will be tax transparent for UK purposes. However, it is unclear whether other jurisdictions will treat LLP’s in this way. It is possible that some jurisdictions will ignore the situation in the UK and treat them as corporations and tax them accordingly. LLPs which have no business activities in UK, do not derive any income from UK sources, and are managed and controlled by Members who are not UK residents, are not regarded as residents for tax purposes in UK and therefore are not entitled to take advantage of international Double Taxation agreements concluded by the UK with other countries.

Other benefits

There are no restrictions on form of meeting for partners and no restriction for place of meeting.

Accounting requirements

LLP’s must produce and publish financial accounts with a similar level of detail to a similar sized limited company and will have to submit accounts and an annual return to the Companies House each year. This publication requirement is far more demanding than the position for normal partnerships and some specific accounting rules may lead to different profits from those of a normal partnership. The legislation also requires that the profit share of the highest earning member is published if the LLP’s profits exceed £200,000. A further tax consideration arises in respect of overseas operations. A nominated member of the LLP will be responsible for informing the Inland Revenue of the LLP’s existence and for filling in the annual Partnership tax return. This return will also contain a ’Partnership Statement’ which shows how profits have been divided up amongst the members.

Secretary

Not Required

Registered Agent

Not Required

Registered office

Required

Company name

  • Language: Any
  • Letters: From Roman alphabet
  • Company name must end with: Limited Liability or LLP
  • Restricted Names: Empire, Crown, Imperial, Windsor, Royal, Assurance, Bank, Building Society British, National, Great Britain, United Kingdom, England, English, Scotland, Scottish, Wales, Welsh, Ireland or Irish – (if the words are used as a suffix, they are normally allowed)
  • Names Requiring Consent or a Licence: assurance, bank, benevolent, building society, Chamber of Commerce, fund management, insurance, investment fund, loans, municipal, reinsurance, savings, trust, trustees, university

N.B.

  • The initials GB or UK do not require approval.
  • ’European’ - will not be approved if they imply unjustifiable connection with EU. ‘International’ - as prefix major activity must be overseas trading, as suffix, company activity must be in 2 or more overseas countries or any other words deemed sensitive or offensive.
  • Restricted connections for company name: name of state, national or local government.
  • Any name that implies illegal activity or implies royal or government patronage is restricted.
  • Registrar may reject any name which it considers undesirable or contrary to the public interest.
  • Company name is restricted to be identical or similar that of an existing company.
  • In case when foreign language is used for company name the translation in English may be asked by Registrar to ensure conformity to above listed restrictions.

Incorporation

  • Name check and approval
  • Filling the incorporation documents with the Registrar of Companies
  • A standard set of original corporate documents
  • Payment of the Government Fee
  • Provision of registered office and registered address for one year

Please provide us with the following documents and data:

 Incorporation

  • A notarized copy of valid passport (of each Shareholder, Director, Beneficial Owner, Authorized Signatory)
  • A copy of proof of residential address (ex. utility bill of each Shareholder, Director, Beneficial Owner, Authorized Signatory that is not older than 3 months) in English
  • Optional: A notarized copy of Bank reference (of each Shareholder, Director, Beneficial Owner, Authorized Signatory)
  • Optional: CV (of each Director and Shareholder)

N.B.

  • If Shareholders and/or directors are legal persons, then it is required to submit full set of apostilled company documents and if company is operating more than 1 year it is required to submit certificate of Good Standing.
  • If documents are not in English language or language of particular country, then they must be accompanied by a notarized translation.

 Capital

  • Amount of paid up capital

 Company name

  • Three company names in order of preference