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Key benefits of doing business in Scotland:
Business registration – from €890
Company registration period – from 2 daysDetailed information
Establishing a company in Scotland is common among entrepreneurs, especially when it comes to LP. The Scottish company is registered in Companies House in Edinburgh, unlike one of the other two houses in Cardiff and Belfast. They cover British jurisdictions of England and Wales, Northern Ireland, respectively.
Please note, lists of beneficiaries in Scotland are open.
If you want to register a company in Scotland, you need to contact us for help, and we will fill out applications and send it to Companies House. All companies must have at least one director and one shareholder. In this case, one person can take on both roles.
You can set up a Scottish Partnership. It is a private partnership with two or more individuals. Members can be individuals or legal entities, from any jurisdiction around the world.
Scottish LPs without commercial activities in the UK are not considered to be a subject to a taxation by the UK.
Scottish companies with an account
If you are considering setting up a company in Scotland with an account, then you need to know, that Scotland does not open company accounts for CIS citizens. Therefore, to open an account for a Scottish LP, it is necessary to consider such jurisdictions: Czech Republic, Poland, Liechtenstein, Latvia and so on.
You can pay attention to opening an account in BOS Bank. This is the bank of Poland, if your project focuses on the environmental protection (a production of electric vehicles, recyclables, etc.), then you will receive a support from this bank.
If you are oriented to the Czech Republic, then it is worth considering opening an account in FIO Banka. This is a young and loyal Czech bank, founded in 1994. His strategy is the absence of duties on standard banking operations, as well as an individual approach to lending to enterprises.
The information outlined in the article is actual at the time of its publication.
Please refer to our specialists for checking possible solutions for your business.
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