UK LLP for total anonymity, true?

[CaptK]

I have been using nominee directors in many different sectors from construction to banking. You‌ must have an agreement in place to make it legal on the basis of an‍ IP holding structure.

So for a simple explanation:

Company A (CA) is in the biomedical⁠ field working on a new asthma treatment. The director does not want to be involved⁤ nor exposed to the public.
Company B (CB) is set up to be the face⁣ of the project and has a marketing and sales agreement with sole exclusivity from CA⁢ (effectively like an IP holding setup).
CB will then be the only visible company and︀ the director the only natural person in the structure and the all important UBO.

As the IP owner determines how his product or service is delivered as it is part︁ of the contract you get the anonymity with control.

These structures are used by Amazon,︂ Virgin and Apple.

 

[sonato]

they have million of $US to shoot after a lawyer! I don't think it is something‌ to compare to the audience at offshorecorptalk!

If someone has setup what is suggested here‍ with reputation, then please post until then I believe @Martin Everson more then a new⁠ seller, sorry.

 

[CaptK]

We are not dealing in billions so there are no issues there!!!
Unless you are‌ doing something illegal your fine.
UK LLP with an offshore director in a tax free‍ state general partner and service company limited partner. Allows for full pass through and profits⁠ are taxed in the jurisdiction of the director (there are no profits).
Your company which⁤ has a contract in your favour is anonymous as the by virtue that the LLP⁣ holds the rights but passes the profits to you minus admin.

You are still responsible⁢ for your tax but as far as anonymity you are completely clear.

 

[Spinat]

that mean it is useless!!
so what you say is that our name will⁤ not become public at any point, you will handle the entire process with the invoice,⁣ at the end of the day we only have to worry about personal tax locally?⁢

 

[CaptK]

Yes

 

[nomura]

It comes to my mind if two US LLCs are the registered partners of the‌ UK LLP, I guess the LLC's data will be public in companies house. Since US‍ LLCs are anonymous in some states, you could achieve complete privacy with this setup. But⁠ it seems too obvious to be true, am I missing something?

 

[Sols]

You still have to declare the PSCs (Persons with Significant Control) to the Companies⁣ House. Doesn't matter how many opaque entities you throw at it. The PSCs (which are⁢ basically the same as UBOs) still have to be declard.

 

[EliasIT]

I was reading the threads about the UK LLP giving privacy and anonymity. But after‌ I found this thread I better stick to the stuff in mentor group discussed there‍ about anonymity to not get reported.

It's not possible with the UK LLP or what⁠ you say @Spinat ?

 

[uplana]

second that question!

 

[Houdini]

can confirm, my setup I paid someone guru is not anonymous. I‍ followed the guide back when I had MG access they had there, that still works.⁠

 

[MiltonStone]

please PM me the thread once done, may be able to supply with‍ info.

 

[Houdini]

https://www.offshorecorptalk.com/th...anonymous-–-when-privacy-is-a-priority.31453/
The guide is still useful but need some modification. I‍ will try to post my version and link here.

 

[clemens]

really nice share, thanks.︁

 

[brianK]

Did you end up finding a workable setup?

Since an LLP’s Companies House filings are‌ public (even if small LLPs file only a balance sheet) and HMRC returns cover only‍ UK income, would using a UK LLP just for management and an overseas SPV to⁠ hold the asset improve privacy,or would PSC/ROE still expose the UBO?

 

[cuno]

So in this⁤ way, any tax that might be due could flow from the US LLC to, for⁣ example, a Dubai company and be taxed at 9%, or to any other company where⁢ the corporate tax rate is 0%?