Nominee Company Structure
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our officesA UK trading structure with an LLP
There is a lot of demand from clients in Europe who want to trade in Europe with a fiscally transparent company. Behind this, there is a UK management company, with a bank account and a second partner, which has no bank account, but is the recipient of profits.
Company role |
Company type |
Characteristics |
| Trading company: can apply for a VAT number |
British LLP | Fiscally transparent - no tax paid, as tax is levied on the partners of the company. |
| Administrative Partner (10% share in the Trading Company) | UK Limited Company |
|
| Investing Partner | Seychelles company |
|
What do we offer?
We can offer you:
- A UK limited company
- A Seychelles international business company
- A British LLP
This structure has been used a lot for non-UK taxpayers.
Can you offer a VAT number and a bank account?
We offer assistance to open a bank account in a number of countries. We are not a bank, so cannot guarantee that you can open a bank account, but we have a lot of experience in open bank accounts for our clients. UK limited companies and LLPs are not incorporated with a VAT company. We offer an introduction service to get VAT numbers, and have written explanations about whether you are eligible here
How is the LLP taxed?
The LLP is required:
- to file annual accounts to the Company Registry
- to file an annual tax return, which gives the tax authorities an idea of the liability of each member of a company
What do we offer?
We can offer you:
- A British limited company
- A Seychelles, Belize, BVI or Costa Rican international business company
- A British LLP
This structure may be of interest to you if you are a non-British taxpayers.
The Disadvantages
- An LLP needs a reasonable link with the UK, to be able to get a VAT number.
- While the LLP is free of tax, it must comply with tax regulations, and must complete an annual tax return.
- Accounts need to be filed in accordance with UK Accounting Standards.
- As the company is a complex company, it may be complicated to open a bank account in the name of this company.
How to get round the Disadvantages
We have developed certain techniques and different structures which you may need to consider:
- An LLP-type structure in somewhere such as the US
- A European trading company, linked to an IBC through an agency agreement.