Northern part of Great Britain; part of the United Kingdom

Location

Pound Sterling (GBP)

Currency

Legal System

Limited Partnerships (LPs), Private Limited Companies (Ltd)

Corporate Structures

Tax System

  • Scotland operates under the UK tax framework but has devolved powers to set distinct policies for income tax and business rates
  • No corporate tax for Limited Partnerships (LPs) if profits are earned outside the UK and partners are non-residents
  • Business rates relief schemes are available for small businesses and specific sectors such as hospitality

Legal Framework

  • Based on Scots Law; Limited Partnerships (LPs) are popular due to their tax transparency and flexibility
  • LPs require at least one general partner and one limited partner; general partners handle management while limited partners have liability limited to their investment

Advantages

  • No requirement for financial statements or audits for LPs with non-resident partners
  • High level of confidentiality; no public disclosure of partners' details
  • Can act as holding companies or intermediate trading entities

Need Professional Support in Scotland?

Fill out our contact form, and one of our representatives will get back to you as soon as possible.

Contact Us

Personal business expert will answer all your questions in detail and offer the best solution for your needs.

Cyprus, Nicosia

Office

Subscribe to the newsletter

Get the latest news, exclusive content, and special offers delivered to your inbox when you subscribe to our newsletter!

We use our own cookies as well as third-party cookies on our websites to enhance your experience, analyze our traffic, and for security and marketing. Select "Accept All" to allow them to be used. Read our Cookie Policy.

Manage settings