Scotland yard Jurisdiction and taxation?

[james David]

Dear All,

Is Scotland-yard jurisdiction a good jurisdiction?
How the taxation working there? is it tax free?
Is it accepted by EU banks?

Thank you

 

[Martin Everson]

Excuse my ignorance but what is Scotland-yard jurisdiction?

 

[Samuel Newman]

Excuse my ignorance but what is Scotland-yard jurisdiction?

Elementary my dear Watson,
Scotland Yard (officially New Scotland Yard) is a metonym for the headquarters of the Metropolitan Police Service (MPS), the territorial police force responsible for policing most of London.

if seriously, I think OP is talking about Scotland
it is very similar to England
few years ago there was a big difference between incorporation in England and in Scotland, but for now it is completely the same
and Sctoland has much dirtier reputation than England, because of a lot of Russian laundromats, registered as Scottish LP ("SLP")
80% of SLPs are owned by Russians,
90% of SLPs are registered on 3 addresses in Glasgow

looks like 272 Bath Street, Glasgow, G2 4JR is the biggest office in EU
5,275 Companies in G2 4JR, Bath Street, Glasgow - Endole

 

[MrTony]

it is very similar to England
few years ago there was a big difference between incorporation in England and in Scotland, but for now it is completely the same

The difference that Scotland LP obligated to show it PSC . England LP does not have such obligation.

 

[james David]

Elementary my dear Watson,
Scotland Yard (officially New Scotland Yard) is a metonym for the headquarters of the Metropolitan Police Service (MPS), the territorial police force responsible for policing most of London.

if seriously, I think OP is talking about Scotland
it is very similar to England
few years ago there was a big difference between incorporation in England and in Scotland, but for now it is completely the same
and Sctoland has much dirtier reputation than England, because of a lot of Russian laundromats, registered as Scottish LP ("SLP")
80% of SLPs are owned by Russians,
90% of SLPs are registered on 3 addresses in Glasgow

looks like 272 Bath Street, Glasgow, G2 4JR is the biggest office in EU
5,275 Companies in G2 4JR, Bath Street, Glasgow - Endole

Please advise about taxation? how the tax working there?

 

[Samuel Newman]

Please advise about taxation? how the tax working there?

it is the same as in England
English LLP is better, in my hamble opinion

 

[MrTony]

Sorry, but I thought that LLP and LP it is not the same.

 

[Samuel Newman]

Sorry, but I thought that LLP and LP it is not the same.

it is not the same, there are some differences
in England we have both LPs and LLPs
but LP is not an option in 2018
de jure, LP is not even an entity, it is just an agreement between two sides

 

[MrTony]

And may I ask your opinion - will banks open accounts for England LP or it will be a problem?

 

[Samuel Newman]

And may I ask your opinion - will banks open accounts for England LP or it will be a problem?

most of banks will accept it

but, for example, CIM bank does not accept LPs and LLPs, which have offshores as partners

 

[Martin Everson]

Elementary my dear Watson,
Scotland Yard (officially New Scotland Yard) is a metonym for the headquarters of the Metropolitan Police Service (MPS), the territorial police force responsible for policing most of London.

lol

 

[james David]

it is not the same, there are some differences
in England we have both LPs and LLPs
but LP is not an option in 2018
de jure, LP is not even an entity, it is just an agreement between two sides

Hi Samuel, What about taxation if we open LLP for non-resident and non-Uk citizen?

 

[MrTony]

most of banks will accept it

but, for example, CIM bank does not accept LPs and LLPs, which have offshores as partners

Thank you for this example!

What do you think about the attitude of the banks, when in Company house will be such record about Persons with significant control: The partnership knows or has reasonable cause to believe that there is no registrable person or registrable relevant legal entity in relation to the partnership?

Or maybe banks even didn't look to Company house records?

 

[Samuel Newman]

Thank you for this example!

What do you think about the attitude of the banks, when in Company house will be such record about Persons with significant control: The partnership knows or has reasonable cause to believe that there is no registrable person or registrable relevant legal entity in relation to the partnership?

Or maybe banks even didn't look to Company house records?

it depends on bank
most of banks may reject your application if you have such notice in Companies House

 

[MrTony]

That means we should have the real name of PSC and with any other status, they may reject.