This is the newest type of offshore company which
is in force since April 2001. In a LLP all of the
partners enjoy limited liability,
and the company can participate in an extremely broad
range of financial activities with very few restrictions.
The company must have minimum
of two partners. The taxation of English
LLPs is based on the system of flow-through
taxation, as in the case of American LLCs.
The partners pay tax on their income in the place
in which they are resident for tax purposes, and in
the same proportion as they are entitled to share
in the profits.
Advantages
• Registered in England. European jurisdiction
• Incorporation process free
of bureaucracy
• Beneficial owners not required
to register with the English Central Bank
• Jurisdiction accepted and not discriminated against
throughout the world.
• Partners enjoy limited liability
• Requires minimum two partners
• Tax benefits can arise as
a result of the flow through tax system like
in the case of the American LLCs.
