Uk LLP Advice

[DonPe]

Hi, i have a company in UAE(free zone) , because i need stripe today I open my LLP in UK with me (resident in use) and my company in free zone.
But ok, how can I do to transfer profits from UK to dubai company?
Really, how can I do?
I need to do any documents?
Or I can do this when I want?
Really thanks all

 

[Sols]

Hire an accountant to do it for you. UK LLPs are quite easy since the LLP itself is not taxable and profits should be distributed to the partners, but there are still some forms to be filled out. It's not difficult but having an accountant do it saves time. There are lots of accounting firms in the UK that you can email/call for a quote.

BTW, don't rely too much on Stripe. When/if they realize that your UK LLP is just a shell company with no substance in UK, there is a risk that they kick you out. Have backups ready.

 

[DonPe]

Hire an accountant to do it for you. UK LLPs are quite easy since the LLP itself is not taxable and profits should be distributed to the partners, but there are still some forms to be filled out. It's not difficult but having an accountant do it saves time. There are lots of accounting firms in the UK that you can email/call for a quote.

BTW, don't rely too much on Stripe. When/if they realize that your UK LLP is just a shell company with no substance in UK, there is a risk that they kick you out. Have backups ready.

Really perfect thanks, what kind of backup can you recommend me?

In a few months Stripe will be finally available in the United Arab Emirates.

 

[Spinat]

In a few months Stripe will be finally available in the United Arab Emirates.

where did you read that?

 

[DonPe]

where did you read that?

I talkd directly with stripe
And if you good you can find this
Stripe now have a pilot in use and in next months is available for all

 

[tacokai]

Stripe now have a pilot in use and in next months is available for all

do you know if this is only apply for local UAE companies or also foreigners setting up a company in the UAE?