UK Ltd or LLP what's the best and how to pay less tax?

[CaptK]

NIGHTMARE!!!

 

[rey skywalker]

you can have llp with a uk residendent with full poa , it should easy‌ get a bank account

 

[EuroKiss]

Why nightmare??? It is what I am planning to‌ do: 2 US LLCs (non-resident alien owned) owning a UK LLP. I will be liable‍ for tax, but actually I am a EU citizen legally fiscally resident in a banana⁠ republic.

 

[CaptK]

LLP partner being an LLC you will find it very difficult to get a bank⁤ account.

If so set up a UK LTD and use that as the partner. As⁣ the EPB is not UK you can use it as a pass through and tax⁢ is due in the country of residence.

 

[rowena]

I am also considering to open UK LLP and I have 2 options for my‌ structure:

1-) Myself (UAE Resident) + My UAE Company
2-) Myself (UAE Resident) + My‍ Wife (UAE Resident)

I consider the first option more but I'm not sure it is⁠ a good idea for banking(TW is enough). Privacy is not important since I don't have⁤ any income/corporate tax liability.

 

[rey skywalker]

no bank in uk will open you account is clear tax cheating scheme, may some‌ emi , or some offshore bank, you sohuld find uk resident nominee

 

[CaptK]

Option 2 is a good solution⁣ but it would be difficult to open a bank account.

You could use yourself or⁢ your wife and a dormant UK LTD or a UK based nominee.

 

[rowena]

@CaptK
Do you think option 1 is a bad solution(TW account is enough)? Are there‌ any risks for using UK based nominee?

 

[CaptK]

Option 1 is just difficult to open an account. If TW accept then do that.‌

 

[EuroKiss]

Thanks CaptK for⁤ your replay! Got a second question hence: why by having a UK LTD among members⁣ (I red somewhere in the forum even with a mere 5%) should make a difference⁢ for a UK bank?

 

[D0naldDuck]

Would the same setup be possible⁣ with a Ireland Limited Partnership instead of UK?

 

[Skipper]

If both LLP nominees are actual people (planning of opening‍ up an LLP with my sibling), will TF and Stripe most likely accept it without⁠ an issue?

 

[CaptK]

Yes but make sure your company doesn't even come close to their not accepted industries.‌

 

[erni]

it is impossible to get any proper‍ banking for such setups now a days. Unless you have a big wallet and your⁠ lawyers to back you up locally in the UK.