UK LLP profits paid to Cyprus non-dom

[Eurocash]

Does anyone have any exprerience with how Cyprus views LLP profits as a source of income?

Profits from a share in a partnership structure, like the UK LLP, are not the same as dividends from a company, I'm well aware of that.

But I just wonder how this is managed in reality? Is it interrogated aggressively?

Would be a pretty nice and simple structure to have a UK LLP send the profits to a non-dom in Cyprus who pays 0% + NHS contribution.

Easy access to banking etc.

Thoughts?

 

[BasedOperative]

Would be interested in knowing more about this as well.

I guess they’d be treated as personal income though, since the LLP is a partnership, not a corporation (and it doesn’t distribute dividends).

I could be wrong though, and honestly I hope so, lol (since it would indeed be a pretty nice and lean low-tax setup).

Maybe @CyprusLawyer101 or @CyprusLaw can help

 

[Marzio]

I could be wrong though

You are correct. It's taxed as personal income

 

[Eurocash]

I think it’s clear that it would be assessed as income tax if reported as such

 

[CyprusLawyer101]

Partnerships are generally considered transparent vehicles , where taxation is attributed to the partners.