Limited liability partnership (LLP), regulated by the Law of 2000 (Limited Liability Partnerships Act 2000) and is an extremely attractive tool for international tax planning. This type of company helps to solve the following problems:
- Optimize tax burden. After all, if the company does not operate in the UK, the company’s source of income is not connected with the UK, then its income is not subject to income tax. In addition, if both partners are not residents of the UK, then they do not pay taxes in this country, but are subject to taxation in the country of their tax residence. For this reason, as a rule, LLP or LP partners are legal entities or individuals registered in countries with a zero income tax rate and, therefore, not required to pay taxes at the place of registration. This allows you to build a structure that most effectively solves the issue of international tax planning.
- Provide high company reputation. The jurisdiction of England is one of the most prestigious jurisdictions in the world.
LLP - a partnership created by an association of participants and having a legal status for any activity:
- The conclusion of any contracts, contracts, agreements.
- Conducting trade, investment, as well as any other activity.
- Real estate ownership.
- Asset Security.