UK LLP FAQ

UK Limited Liability Partnership, as part of your overall organisational structure, can provide most tax advantages from profit extraction points, especially if you are non UK resident or domicile. The UK has no withholding tax on dividend payments and has more double taxation agreements than any other country.

We offer several pre-packaged business structures for various scenarios of trading. To find out more about their advantages and further information, please visit the links below:

UK Tax Free Business Structure 1:

Limited Liability Partnership UK with two offshore companies as members.

Price: from GBP 1,377 / USD 2,482

Without a doubt, it is more difficult to open a bank account in the UK with foreign (non UK resident) members. Most formation agents in the UK do not offer bank introduction services to UK LLP with members being non UK residents. Due to strict Money Laundering procedures and compliance issues it is not as straight forward to open business bank accounts for such UK LLP remotely. However, we do have a high success rate of opening remote bank accounts for our clients due to our long standing relationships with the banks in the UK.

We will introduce your UK Limited Liability Partnership to several reputable UK based Banks remotely or in person if you wish. It is the bank’s decision to open a bank account for you in their bank. We will assist you with preparation of all necessary documents on your behalf and guide you through the process.

On rare occasions when your application is not successful first time around, we will introduce you to an additional two banks in the UK free of charge. We will also refund your money for Bank Introduction Services, if your application is declined after three introductions.

The fees displayed on some of the sites can be misleading and you will only know the final bill when you come to pay. The Companies House fee is £14, VAT at 20%, etc will be added at the last stage. Such companies offer quick incorporation services in e-format (i.e. delivered via e-mail in PDF format). This is not acceptable for foreign institutions (including banks or trading partners overseas), which may also require additional documents like a Power of Attorney, Notarised or Apostiled incorporation document kits, not to mention the delivery charges overseas via courier. Our price also includes a registered office, which is an obligatory requirement for UK limited companies and UK Limited Liability Partnership.

In essence, the main difference between the cheap incorporators and our company is that we specialise only in providing services to foreign nationals registering UK businesses with offshore elements and understand their needs and requirements. We are very competitively priced in this market.

Unfortunately this is not possible. The incorporation process starts immediately upon the receipt of payment and submission of the forms. The Government Fees are paid and cannot be refunded.

We offer one of the lowest maintenance fees amongst our competitors. The annual maintenance fee depends upon the services you require. You can change your mind and add/takeout services ordered in the first year as long as you inform us up front. It is compulsory to have a registered address in the UK, file your annual return with the Companies House together with the annual payment. Please refer to Our Offers & Fees for all the prices.

No, we do not offer Bank introduction services in UK as a separate service. We only offer it to clients who used our UK LLP formation services and we know their company structure well enough to present to the bank. This specifically applies to our clients who have offshore companies as members of UK LLP. We need to know the beneficial owners of offshore companies and they have to be done through our business partners.

Yes, you do. We can refer you to our partners accounting practitioners. Please refer to the UK Company Accounting Services Pricelist.

To verify your identity you need to provide us with the copy of your passport and utility bill (e-mail not faxed). For Nominee Services we have to know our customers and they need to provide more in depth documents. For further details please refer to this link: UK Nominee Services - Due Diligence Requirements

Yes it is open to public. The names and addresses of the UK Limited Liability Partnership Members, UK Ltd company Shareholders, Directors and Secretaries can be obtained from the Companies House at a nominal fee. To prevent this, many of our customers opt for Nominee Services our company offers.

Directors, Shareholders, Company Secretaries and UK LLP members are required by law to provide the address where the documents are sent to them personally. It can be your home address, however most directors, etc prefer not to disclose their personal details available to the general members of the public and use the Service Address (which can be you registered address) but there is a fee involved. Please refer to our Pricelist for the up to date charge.

We are registered under the Data Protection Act and keep your information strictly private and confidential unless without our client’s prior written consent. The only exception is when we are required by a court order to make a disclosure.

The main difference is that a shareholder in the company is treated the same for legal and tax purposes, whilst a UK LLP member is a separate legal entity only in legal terms. The shareholder of the UK company is not normally taxed on the profits of the company until he/she withdraws profits (through salary/benefits or dividends), whilst a UK LLP member is taxed on his/hers share of profits generated in a tax year.

Generally yes, with few exceptions. Potential claims against UK LLP are limited by the amount of capital contributed by its members. Professional negligence of a member may result in a personal liability, if, for example UK LLP was used for a fraudulent activity. Unlimited liability claim applies if a member has accepted a personal duty of care to a third party and breached that duty of care. Also, members might have additional liabilities in cases when a Limited Liability Partnership UK becomes insolvent.