Scotland is not necessarily the first destination one thinks of when it comes to founding an offshore company. However, this nation of the United Kingdom has many assets to showcase. Here are the main interests in creating your offshore company in Scotland. Rather attracted by creating a company in England?
What types of companies are possible in Scotland?
If you choose to create an offshore company in Scotland, you have the choice between 3 types of companies:
- The Private Limited Company,
- The Public Limited Company,
- The Limited Company,
- The Scottish Limited Partnership.
Very often, in the context of an international company, the wisest choice is the Scottish Limited Partnership, because its creation is simple and fast. In 3 days, it is possible to set up this type of company in Scotland.
What are the interesting activities in Scotland?
Theoretically, all activities are possible in Scotland. However, certain activities are significantly more interesting when it comes to an offshore company in Scotland:
- Intellectual services,
- Online sales,
- Trading activities,
- Financial trading,
- Finance,
- Information technology,
- Consumer product trading.
Creating an international company in Scotland: Advantageous taxation
The interest in creating an offshore company in Scotland is above all of a fiscal nature. Indeed, if the company is non-resident in Scotland, that is to say if it exercises its activity outside of Scotland, it is subject to no corporate tax in the United Kingdom.
The interest is therefore to found one’s company in Scotland while not intervening in the Scottish market. Given the geographical location of Scotland, the company benefits from an ideal situation to intervene in the British market, and in the rest of Europe.
Economic and political stability
The United Kingdom is the 5th world economic power. More precisely, Scotland has a growth rate above 1.5% and its economy is stable. It can rely on a solid currency that is the pound sterling, but also on its natural resources: sea, oil, mines…
Politically, Scotland is part of the United Kingdom.
An advantageous administrative and legal framework
Scotland is an international financial center which gives it stable jurisdiction for international companies.
No accounting is mandatory as long as the company does not exercise activity on Scottish territory.
Similarly, when creating an international company in Scotland, no capital release is required. It is sufficient to have a director, a secretary and a shareholder to found this type of company.
A destination with a good image in Europe and in the world
When choosing a destination to create one’s international company, it is very important to take into account the image that the country in question projects. Today it is advisable to avoid destinations present notably in the list of tax havens by the European Union.
In this regard, creating an international company in Scotland is fast and transparent.
Scotland is precisely a destination of choice, because it benefits from an excellent reputation, as a region of the United Kingdom. It will not worry shareholders, clients, suppliers and investors.
