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Registration of LP company in England
Limited partnerships are often used to provide professional services, for example in law and accounting firms, where partners are protected from negligence by other partners in the firm.
The partnership can also be used for any activity that is not prohibited by law.
900.00 €
Main characteristics
company type
Limited Liability Partnership.
Governing corporate law
SLP is regulated by the limited partnerships «Limited Partnerships Act 1907 “
Information about company officials has been published
Once the company is registered, the names of the officers of the company will become publicly available. The register of “persons with significant control” does not apply to English LPs.
Accounting requirements
Reporting and tax returns are not filed.
Taxation
Partnerships are not subject to corporate tax and are not UK tax resident. When establishing a company with denominations from offshore zones, taxation is 0%
Standard currency
GBP
Time to shape
Registration of a partnership is carried out within seven days.
Stability
A very stable jurisdiction with an excellent reputation.
Communication
Good communications.
Timezone
Convenient time zone (GMT).
Secretary required
Yes
Paid-in capital requirements
Minimum share capital: £ 1.
Renewal date
Anniversary day of the company / Every year
The basis of the legal system
By common law.
Minimum number of directors / shareholders
Minimum 1 director and 1 shareholder.
Bearer shares
Bearer shares are not permitted.
Additional facts
A UK company can act as an agent for a foreign company / also known as a UK agency structure. The company is not a separate legal entity.
