UK LLP: Your Tax-Free UK Company
What you can do with a UK LLP
Incorporate your LLP today
- Complete the form in under 3 minutes
- Get your certificate of incorporation in 1 week
- All the paperwork done for you
Get your virtual address
- Open UK bank accounts
- Open fintech accounts remotely, such as Wise or Revolut
- Get access to payment processors like Stripe or PayPal
Pay 0% tax as a UK non-resident
- Start operating as a company
- Start receiving money from all over the world into your accounts (potentially tax-free)
What Makes Us Unique
Incorporation in 1 week
- We use automated workflows that instantly submit your application
- No middleman delays
Virtual UK address
- Receive your mail in the UK and enjoy a prestigious address in a city like London
- Keep a copy of all your documents online with us
All the Advantages of a UK LLP
Everything in one place
- Your company folder. Everything you need in one place
- UK accountant contacts if needed
Zero worries
- 0 Annual Headaches with paperwork or tax filings
- For a small annual fee, we handle it for you (first year all-inclusive)
Protect your assets
- With an LLP, you can protect your assets and wealth. Limited liability in case anything goes wrong
- An entity that can be combined with more complex structures, such as holdings or trusts, to add an extra layer of protection
Pay 0% tax with the right residency setup
- An LLP is a partnership structure. As a pass-through entity, you pay taxes where you are a resident. In Brazil, only income that is actually distributed is taxed.
- Obtain residency in a territorial tax country (where you only pay tax on local income) and potentially keep 100% of your money
- Favorite combination: Pair it with Paraguayan residency and legally pay 0% tax
Complete your application in 5 minutes
- Choose the name for your Limited Liability Partnership (LLP)
- Pay for the service
- Fill out the LLP opening form
- We will handle the entire formation process and submit your forms to the federal agencies.
- Your company will be open in 1 week. Use it to accept online payments and hold money in 5 different currencies.
Simple. Transparent. No surprises.
Is a UK LLP right for me?
We Recommend Opening a UK LLP For:
- Entrepreneurs Seeking Simplicity and Low Costs: Ideal for those looking for a company with a tax-efficient structure, low administrative complexity, and reduced operating costs, especially when compared to other jurisdictions.
- Professionals Needing Access to Fintechs and Payment Processors: Recommended for those seeking easy integration with major payment processors and fintechs, as well as access to the UK financial system.
- Entrepreneurs Seeking Asset Protection: For those who desire a high level of protection for their assets, especially in cases of litigation or situations that could affect their personal wealth.
- Remote Workers and Online Service Providers: such as dropshippers and Amazon FBA sellers, who want to optimize their business and utilize the UK financial system.
We Do Not Recommend Opening a UK LLP For:
- Companies with Fewer Than Two Partners: The LLP is particularly well-suited for companies with two or more partners. If there is only one partner, a US LLC may be a more cost-effective option.
- Tax Residents in High-Tax Countries: A UK LLP does not distribute dividends but passes profits directly to the partners, which may be taxed at very high rates in countries with high tax burdens, such as those in the European Union, Canada, and others. In such cases, the tax benefits of an LLP may be reduced.
- Companies with Operations or Partners Resident in the UK: If the company has employees, operations, partners, or directors residing in the UK, the LLP will be subject to local taxation. This makes the structure less advantageous compared to other company models for those intending to operate directly within the UK.
Frequently Asked Questions (FAQ)
A Limited Liability Partnership (LLP) is a business structure that offers limited liability protection and pass-through taxation—the entity does not pay taxes, only the members do. Like corporations, an LLP exists legally as an entity separate from its owners. Therefore, owners are typically not held personally liable for business debts and obligations.
A UK LLP can conduct business in the UK without restrictions.
However, doing so will generally result in a tax burden in the UK for the partners. Please note that selling services and products to UK customers from abroad through a UK LLP will generally not be considered conducting business in the UK and, therefore, will usually not create a UK tax liability. However, it may create a UK VAT tax obligation, depending on the nature of the products and services sold.
A UK LLP is a pass-through entity for tax purposes, meaning it is not a taxable entity itself. Instead, the partners (owners) must include their share of the profits in their own tax returns in their country of residence (personal or corporate).
When one or more partners are UK residents, they will be liable for UK taxes on their share of the LLP's worldwide profits, while non-resident partners will only be liable for UK taxes on their share of the LLP's UK profits. If no business is conducted in the UK and all partners are non-residents, no tax liability will exist in the UK.
A UK LLP is a partnership structure. This means it must have at least two partners (all partners in an LLP are limited partners, unlike an LP with its combination of limited and general partners). Partners can be individuals, legal entities (such as a Holding LTD, for example), or a combination of both. There are no residency requirements for any of the partners.
Although the UK is home to some of the world's largest banks (HSBC, Standard Chartered, etc.), non-residents often find it difficult to open accounts for their LLPs.
As a result, it is recommended to use fintech services like Wise, Revolut, Juni, etc. They offer an excellent range of services in multiple currencies and are compatible with Stripe, PayPal, and more.
Speaking of which, a UK LLP can apply for a merchant account with most major payment processing services operating in the UK. The best of these for companies operating primarily in currencies other than GBP is Stripe (payments can be received in EUR, USD, CHF, etc.).
PayPal can also be used and linked to Wise and similar fintech services, but only in GBP.