Scottish Company. Scottish LP Formation. Scotland Company Registration for Non-UK Residents
Worldwide Incorporation Services specializes in Scottish LP Formation for Non-UK Residents and opening bank accounts.
General Information about Scottish LP
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 LP – Key Facts
Capital
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.
Directors
Not Applicable.
Partners
A minimum of two partners are required for a Scottish company registration (Scottish LP) – one general partner and one limited partner. A partner can be an individual or a company. One can’t be a general and a limited partner at the same time.
Limited partners contribute an amount of money or property to the business when it’s set up and are only liable for debts up to the amount contributed, can’t manage the business and can’t remove the original contribution.
General partners control and manage the business and are liable for any debts the business can’t pay.
Publicly Accessible Records
Yes.
Nominee Partners
Allowed.
Location of Meetings of Partners
Anywhere.
Personal Presence Required
No.
Taxation
Fiscally Transparent.
Double Taxation Treaty Access
No.
Requirements to File Accounts
No.
Requirement to File Annual Return
No.
Audit Requirements
None.
Currency
GBP.
Exchange Control
None.
Language of Name
English.
Restricted Words
Words such as “Assurance”, “Bank”, “Building Society”, “Royal”, “Trust Company”, “Trustee Company” etc. will require justification.
Name of a Scottish Company
The words “Limited Partnership” or “L.P.” must be part of the name of every Scottish company.
Time to Incorporate
8-10 working days.
Scottish LP Formation Prices
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Scottish LP Registration Package Includes:
- Company Name Check
- Initial Business Approval
- Preparation of Application Documents
- Company Registration Fee
- Registered Office Address in Edinburgh, Scotland for 1 year
- LP Agreement
- Certificate of LP Formation
- Share Certificate(s)
- Registers
Starting at: $890
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Scottish LP Formation – Office Addresses
Services related Scottish Company | Scottish Company Registration
Worldwide Incorporation Services provides the following services related Scottish Company | Scottish Company Registration:
- Scottish LP Formation
- Registered Office Services
- Company Secretarial Services
- Nominee General and Nominee Limited Partners
- Opening of Bank Accounts
- Full Scottish LP Administration Services
- Mailing Address in Scotland
- Virtual Office in Scotland
- Book Keeping & Audit
- VAT Registration
- EORI Registration
- Trademark Registration