Scotland yard Jurisdiction and taxation?

[james David]

Dear All,

Is Scotland-yard jurisdiction a good jurisdiction?
How the taxation working there? is it tax free?
Is it accepted by EU banks?

Thank you

 

[Martin Everson]

Excuse my ignorance but what is Scotland-yard jurisdiction?

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[Samuel Newman]

Martin Everson said:
Excuse my ignorance but what is Scotland-yard jurisdiction?
Click to expand...

Elementary my dear Watson,
Scotland Yard (officially New Scotland Yard) is a metonym for the headquarters of the Metropolitan Police Service (MPS), the territorial police force responsible for policing most of London.😵

if seriously, I think OP is talking about Scotland
it is very similar to England
few years ago there was a big difference between incorporation in England and in Scotland, but for now it is completely the same
and Sctoland has much dirtier reputation than England, because of a lot of Russian laundromats, registered as Scottish LP ("SLP")
80% of SLPs are owned by Russians,
90% of SLPs are registered on 3 addresses in Glasgow

looks like 272 Bath Street, Glasgow, G2 4JR is the biggest office in EUsmi(&%
5,275 Companies in G2 4JR, Bath Street, Glasgow - Endole

 

[MrTony]

Samuel Newman said:
it is very similar to England
few years ago there was a big difference between incorporation in England and in Scotland, but for now it is completely the same

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The difference that Scotland LP obligated to show it PSC . England LP does not have such obligation.

 

[james David]

Samuel Newman said:
Elementary my dear Watson,
Scotland Yard (officially New Scotland Yard) is a metonym for the headquarters of the Metropolitan Police Service (MPS), the territorial police force responsible for policing most of London.😵

if seriously, I think OP is talking about Scotland
it is very similar to England
few years ago there was a big difference between incorporation in England and in Scotland, but for now it is completely the same
and Sctoland has much dirtier reputation than England, because of a lot of Russian laundromats, registered as Scottish LP ("SLP")
80% of SLPs are owned by Russians,
90% of SLPs are registered on 3 addresses in Glasgow

looks like 272 Bath Street, Glasgow, G2 4JR is the biggest office in EUsmi(&%
5,275 Companies in G2 4JR, Bath Street, Glasgow - Endole
Click to expand...

Please advise about taxation? how the tax working there?

 

[Samuel Newman]

james David said:
Please advise about taxation? how the tax working there?
Click to expand...

it is the same as in England
English LLP is better, in my hamble opinion

 

[MrTony]

Sorry, but I thought that LLP and LP it is not the same.

 

[Samuel Newman]

MrTony said:
Sorry, but I thought that LLP and LP it is not the same.
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it is not the same, there are some differences
in England we have both LPs and LLPs
but LP is not an option in 2018
de jure, LP is not even an entity, it is just an agreement between two sides

 

[MrTony]

And may I ask your opinion - will banks open accounts for England LP or it will be a problem?

 

[Samuel Newman]

MrTony said:
And may I ask your opinion - will banks open accounts for England LP or it will be a problem?
Click to expand...

most of banks will accept it

but, for example, CIM bank does not accept LPs and LLPs, which have offshores as partners

 

[Martin Everson]

Samuel Newman said:
Elementary my dear Watson,
Scotland Yard (officially New Scotland Yard) is a metonym for the headquarters of the Metropolitan Police Service (MPS), the territorial police force responsible for policing most of London.😵
Click to expand...

lol 😀

Toggle signature
Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[james David]

Samuel Newman said:
it is not the same, there are some differences
in England we have both LPs and LLPs
but LP is not an option in 2018
de jure, LP is not even an entity, it is just an agreement between two sides
Click to expand...

Hi Samuel, What about taxation if we open LLP for non-resident and non-Uk citizen?

 

[MrTony]

Samuel Newman said:
most of banks will accept it

but, for example, CIM bank does not accept LPs and LLPs, which have offshores as partners
Click to expand...

Thank you for this example!

What do you think about the attitude of the banks, when in Company house will be such record about Persons with significant control: The partnership knows or has reasonable cause to believe that there is no registrable person or registrable relevant legal entity in relation to the partnership?

Or maybe banks even didn't look to Company house records?

 

[Samuel Newman]

MrTony said:
Thank you for this example!

What do you think about the attitude of the banks, when in Company house will be such record about Persons with significant control: The partnership knows or has reasonable cause to believe that there is no registrable person or registrable relevant legal entity in relation to the partnership?

Or maybe banks even didn't look to Company house records?
Click to expand...

it depends on bank
most of banks may reject your application if you have such notice in Companies House

 

[MrTony]

That means we should have the real name of PSC and with any other status, they may reject.