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?

 

[Samuel Newman]

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 EU︀smi(&%
5,275 Companies in G2 4JR, Bath Street, Glasgow - Endole

 

[MrTony]

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

 

[james David]

Please advise about taxation? how the tax working there?

 

[Samuel Newman]

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]

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]

most of banks will accept‍ it

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

 

[Martin Everson]

lol 😀

 

[james David]

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

 

[MrTony]

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]

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.