United Kingdom - Tax Effective?
August 11, 2008
The United Kingdom as a tax effective jursisdiction? Absolutely. The UK offers some of the most tax efficient structures available to the world wide community. As long as there is no trade within the UK – then you can benefit from the prestige of a UK company whilst enjoying tax free profits.
A popular jurisdiction due to its Common Law base and relative cheapness compared to other European trading nations. A UK company where trading outside the UK can be sheltered from UK taxation when acting in an agency or broker capacity.
The UK has now introduced the Limited Liability Partnership which provides the benefits of a partnership with the protective limited liability of a company. Whilst having corporate characteristics and legal capacity in its own right, trading income is taxed like a partnership. Therefore if owned by non-UK tax payers and has no source income it falls outside charge to UK tax.
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom, (UK) is located off the northwestern coast of continental Europe. The UK includes the island of Great Britiain (England, Scotland and Wales), the northeast part of the island of Ireland and many small islands.
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