Frequently Asked Questions about company formation in Scotland

  • A Scottish LP can own property
  • Excellent reputation
  • International recognized and respected jurisdiction
  • A perfect vehicle for investment structures dealing with multiple individuals
  • No corporate or income tax
  • Apart of the European Union
  • Apart of the United Kingdom
  • Beneficial ownership information is not required to be sent to the Register
  • No financial audit is required
  • No need to submit financial accounts
  • Only two partners are required
  • Flexible fund structure
  • Tax transparency
  • An LP is a separate corporate entity

There is a minimum required capital of GBP 2 with a usual authorized amount of GBP 1000.

No, the company formation process can be done remotely. 

It is not mandatory to have a physical office within the country but it is mandatory to have a registered business address. 

There is 0% corporate tax to be paid, providing that the partnership does not trade in the UK and partners are not residents of the UK.

If all the documents are in order the company incorporation process will take approximately 3 working days.