A trading structure package 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) British Limited Company
  • Likely to be the company with the bank account
  • One physical director . In this package - UK Data are appointed as Secretary and Shareholder
  • Pays tax in the UK
Investing Partner US LLC
  • This is a fiscally transparent company, which has partners.
  • Partners interests are not shown in a public register
  • The partners can be individuals, in countries where normal income tax is levied. The partners may well be liable to pay tax.

Our package

Clients want the following:

  • European trading with the minimum of company tax paid.
  • A respectable structure with standard UK company.

Items to watch out for:

  • A VAT number is not automatic. In this package, we have included our fee as "tax representative" in the UK. Some effort by the client is needed, to ensure that the UK tax authorities give a VAT number to the client.
  • VAT registration is "territorial": the registration should be in the EU country with most involvement. This package includes application for UK VAT.
  • Getting a UK bank account is likely to need a visit to the UK.

What is included in the package:

  • Incorporation of an LLP.
  • Incorporation of a Limited Company.
  • Incorporation of a Delaware LLC.
  • Tax Representative fee to get a VAT number.
  • Application for a VAT number.
  • Assistance in getting a UK bank account.