Dmitri Mihhailov
Managing Partner
Founder of Prifinance. 15+ years structuring international companies, banking and licensing for founders worldwide.
Register a Scottish LP, the partnership with personality.
Set up a Scottish Limited Partnership remotely - the UK structure with a trick English law never learned: separate legal personality. It owns assets and signs contracts in its own name and stays fiscally transparent, with 0% UK tax for non-resident partners on foreign income. It also discloses its controllers on a public register, which you should know going in.A Scottish LP registered remotely in 3-7 days: separate legal personality, 0% UK tax for non-resident partners on foreign income, controllers on the public PSC register - stated up front.
27 yrs
on the international marketon the market
60+
in-house specialistsspecialists
6,000+
companies servedcompanies served
Updated
Scotland · at a glance
Legal formSLP · Limited Partnership
Time to set up3-7 business days
Tax for non-residents0% - transparent entity
Legal personalitySeparate - owns assets
Controllers (PSC)Public register
Remote setupYes - fully online
4.7
★★★★★
powered by Google
Chat online with a lawyer - a lawyer answers right now. Free review of your case.
Scotland in brief
A Victorian statute the fund industry still loves.
The Scottish Limited Partnership dates to the 1907 Act, but Scots law gave it something its English twin never had: separate legal personality. An SLP holds property, signs contracts and sues in its own name while remaining fiscally transparent - profits are taxed at partner level, so non-resident partners with foreign income owe the UK nothing. That combination made the SLP the backbone of British private equity: most UK PE and venture funds still run through Scottish partnerships today.
The modern rules deserve equal billing. After a period of misuse a decade ago, the UK put SLPs under the transparency lamp: controllers are disclosed on the public PSC register at Companies House, confirmation statements are filed annually, and identity verification now applies under the latest company-law reforms. For founders who want the UK flag, transparency-proof structure and partnership taxation - funds, joint ventures, family investment vehicles - the SLP remains a superb instrument. For privacy-first cases we will point you to Ireland or Canada instead.
The SLP's trick since 1907: separate legal personality - it owns assets and signs contracts in its own name while staying fiscally transparent. That made it the backbone of UK private equity.
Modern rules are transparent by design: controllers on the public PSC register, annual confirmations, ID verification. For UK-flag funds, JVs and family vehicles - superb. For privacy-first cases we will point you to Ireland or Canada ourselves.
Packages & pricing
Scottish LP registration - cost & packages.
01 - SLP · SCOTTISH LIMITED PARTNERSHIP
Company
from£1,900GBP · all-in
Remote registration of a Scottish LP - partnership agreement, Companies House filing, state fees and the first year of the Edinburgh registered office included.
✓Name check & LP5 filing at Companies House✓State fees included✓Partnership agreement drafted for you✓Registered office in Scotland - first year✓PSC register & confirmation filings✓Free pre-incorporation consultation
Optional add-ons: corporate general partner - from £700 · apostilled document sets - from £180 · annual renewal - from £1,000/year.Add-ons: corporate GP from £700 · apostille sets from £180 · renewal from £1,000/year.
Start with Company →02 - SLP · SCOTTISH LIMITED PARTNERSHIP
Most popularCompany + Bank Account
from£3,500GBP · all-in
A working Scottish LP with a fintech or bank account - GBP/EUR/USD balances, cards and online banking, arranged fully remotely.
✓Everything in Company✓Account with a UK/EU EMI or bank - multi-currency, SWIFT/SEPA✓Account application & KYC file preparation✓Introduction to 2-3 suitable institutions✓Compliance onboarding support✓Dedicated account manager
Start with Banking →Starting prices, confirmed before filing. Companies House fees and the registered office are itemised; we structure the two-partner setup with you.Starting prices, confirmed before filing. Companies House fees and the office itemised.
What you can do
Popular uses for a Scottish LP.
UK law does not restrict partners by citizenship, and an SLP may pursue almost any lawful business worldwide. Regulated financial services need FCA authorisation. Including fund management, which we scope separately.An SLP may pursue almost any lawful business; fund management needs FCA authorisation.
Fund vehicleslicensed
The classic wrapper of UK private equity and venture. SLPs hold the assets while managers stay FCA-side.
Holding & JVs
Separate personality lets the SLP own shares and property in its own name. Rare among partnerships.
International trading
UK paperwork for cross-border invoicing at partnership-level taxation.
Family investment
Generational asset pooling with limited-partner protection and transparent taxation.
Agriculture & land
The traditional Scottish use. Tenancies and rural holdings under the 1907 Act.
Consulting & services
Professional teams billing worldwide through a UK-flag structure.
Fund vehicleslicensed
The wrapper of UK private equity.
Holding & JVs
Owns assets in its own name.
Trading
UK paperwork, partner taxation.
Family investment
Generational pooling, limited risk.
Agriculture & land
The traditional Scottish use.
Consulting & services
UK-flag professional teams.
Why Scotland
Key advantages of the jurisdiction.
✓
Separate legal personality
Unlike English LPs, an SLP owns assets, contracts and litigates in its own name. The feature the fund industry built on.The feature English LPs never got.
✓
0% for non-residents
Fiscally transparent: with foreign partners and foreign income, the UK has nothing to tax at entity level.Transparent. Nothing for HMRC on foreign income.
✓
The UK flag
Companies House registration and British paperwork that counterparties and platforms accept instantly.Companies House paper, instant acceptance.
✓
No accounts filed
Standard SLPs file confirmation statements, not financial statements. Bookkeeping stays private.Confirmations yes, financials no.
✓
Fund-industry pedigree
Decades of PE case practice mean every UK counsel knows the form. No explaining, no friction.Decades of PE case practice.
✓
Transparency by statute
PSC disclosure keeps the structure defensible everywhere. The misuse era is closed, and that protects you.PSC disclosure keeps it defensible.
How it compares
The Scottish LP next to the usual shortlist.
The English LP lacks personality; the UK LLP publishes accounts; Ireland and Canada keep controllers private. Scotland trades disclosure for the strongest partnership toolkit in the UK. Figures current as of 2026.England lacks personality; the LLP publishes accounts; Ireland and Canada keep controllers private. Figures as of 2026.
| Country | Tax for non-residents | Controllers | Signature edge |
|---|---|---|---|
| Scotland SLP | 0% - transparent | Public - PSC register | Separate personality · fund pedigree |
| England LP | 0% - transparent | Semi-private | No legal personality |
| UK LLP | 0% - transparent | Public + accounts published | Payments infrastructure |
| Ireland LP | 0% - transparent | Private | EU registration |
| Canada LP | 0% - transparent | Private | G7 · marketplace acceptance |
Scotland SLPPersonality ✓
Non-res. tax0% - transparent
Controllerspublic PSC
England LPNo person
Non-res. tax0% - transparent
Controllerssemi-private
UK LLPPublishes
Non-res. tax0% - transparent
Controllerspublic + accounts
Ireland LPEU
Non-res. tax0% - transparent
Controllersprivate
Canada LPG7
Non-res. tax0% - transparent
Controllersprivate
Requirements
What Scots law actually demands.
01
Two partners - A general partner and a limited partner. Individuals or companies of any nationality; the same person cannot hold both roles.
02
No director requirement - An SLP has no directors; the general partner manages the business directly.
03
Capital - No minimum. The limited partner contributes a nominal agreed amount stated at registration.
04
Registered office - A principal place of business in Scotland is required. We provide an Edinburgh address as part of the package.
05
PSC register - People with significant control are disclosed at Companies House, with identity verification under current reforms. We handle the filings.
06
Confirmation statement - An annual confirmation keeps the register current; standard SLPs file no financial statements.
How it works
From application to a live company in days.
You sign electronically, our lawyers file at Companies House in Edinburgh, and most partnerships register within a week.Signed electronically and filed at Companies House Edinburgh; most partnerships register within a week.
01Same day
Free consultation
We confirm that an SLP fits your case. And say so plainly if Ireland or Canada fits better.
021-2 days
KYC & documents
Passports, proof of address and a short description of the business; we draft the partnership agreement.
031 day
Name check
We clear the partnership name at Companies House.
043-5 days
Companies House filing
Form LP5 is filed and the certificate of registration issued.
053-5 days
PSC & documents
Controller disclosures are filed and apostilled documents couriered to you.
061-3 weeks
Banking
We introduce the partnership to suitable EMIs or banks and support the account opening.
Quick facts
Legal formSLP - separate person
PartnersGP + LP, any nationality
Tax for non-residents0% - transparent
Standard timeline3-7 business days
AccountsNot filed - standard SLPs
ControllersPublic PSC register
RenewalFrom £1,000/year
The PSC disclosure is a feature, not a bug - it is what keeps banks and counterparties comfortable with the flag.
On the ground
On the ground in Scotland.
Prifinance - Scotland
Edinburgh
Edinburgh, Scotland, United Kingdom
01
Partnership specialists
Your setup is run by a team that registers UK, Irish and Canadian partnerships for international founders every month.
02
Edinburgh office included
A registered office in Scotland keeps the SLP compliant while you operate remotely.
03
PSC filings handled
Controller disclosures, ID verification and confirmation statements. Filed correctly, on time, every year.
04
Also in Tallinn, London, Dubai & more
A network of offices across Europe, the Gulf and the Americas. One team for your whole international structure.
We also have offices in
Tallinn
Estonia
Roseni 13
Hong Kong
Hong Kong
5/F, Yau Lee Centre, 45 Hoi Yuen Road, Kwun Tong
Vilnius
Lithuania
Gedimino pr. 2
London
United Kingdom
7 Bell Yard
Prague
Czech Republic
Vlkova 532/8, Žižkov
Berlin
Germany
Rankestraße 26
Madeira
Portugal
Rua da Alegria 31, 1F
Budapest
Hungary
Korányi Sándor u. 4
Istanbul
Türkiye
Perpa Ticaret Merkezi, A Blok
Dubai
UAE
33 Level, Al Saqr Business Tower
Toronto
Canada
1110 Finch Avenue West, suite 406
Singapore
Singapore
3 Church Street, #29-68 Samsung Hub
Bangkok
Thailand
Unit P01, Penthouse, VASU1, 1 Sukhumvit 25 Alley
Foshan
China
A-Tower, Yuneng Digital Plaza, 46 Lishui Avenue South
Almaty
Kazakhstan
Republic Square 13
Bishkek
Kyrgyzstan
32 Razzakov Street
Taxation 2026
Transparent by design.
A Scottish LP pays no tax itself - profits flow through to the partners and are taxed where the partners are resident. With non-resident partners and no UK-source income, the UK levies nothing on the partnership's trading profits, and no UK tax return is due from the SLP in the standard case.The SLP pays no tax itself; partners are taxed where they live. Foreign income of non-resident partners - 0% in the UK.
Entity-level tax - none
The SLP is not a taxpayer; the UK's 25% corporation tax belongs to companies, not transparent partnerships.The 25% belongs to companies, not SLPs.
Partner-level taxation
Each partner declares their share where they are tax-resident. We map this before you commit.Each partner declares at home. Mapped in advance.
UK-source income
Only income actually arising in the UK brings UK tax and filings. Most international SLPs never touch it.Only local income brings UK tax and filings.
VAT
Registration is needed only when you trade in the UK above thresholds; export services stay outside the system.Needed only for UK trading above thresholds.
Levies in 2026
Entity-level income tax0%
Tax on foreign income (non-res. partners)None
Withholding on partner distributionsNone
Capital gains (foreign assets)None
VAT (UK trading only)20%
Renewal & filingsFrom £1,000/year
Partners pay tax where they live; the UK's part of the map we draw before filing.
Your team
The specialists who'll handle your case.
Eugeniu Bevziuc
International Business Consultant
Guides clients from the first consultation to a working setup - companies, accounts and substance in 60+ jurisdictions.
Alex Danila
Corporate Services Specialist
Handles incorporation paperwork, KYC and bank introductions so your Scottish LP launches without delays.
Follow Prifinance
Active across our channels.
The UK partnership with personality - built transparently, taxed nowhere it doesn't belong. Full support, start to finish.
Talk to a specialist →FAQ
Scottish LP: the working questions.
Can I open an SLP without visiting Scotland?+
Yes. Everything is filed electronically at Companies House; original documents follow by courier after registration.
How much does it cost?+
Turnkey registration starts from £1,900 including state fees, the partnership agreement and the first year of the Edinburgh office. With an account arranged, packages start from £3,500.
What does separate legal personality actually give me?+
The SLP itself owns assets, signs contracts, holds bank accounts and sues in its own name - unlike an English LP, which acts through its partners. For holding structures and funds that difference is the whole point.
How is an SLP taxed at 0%?+
A partnership is fiscally transparent - it pays no tax itself. Profits belong to the partners, and when the partners are non-resident and the income arises outside the UK, there is nothing for HMRC to tax. Partners declare income where they live; we map that before you commit.
Will my name be public?+
Yes. Controllers of an SLP appear on the public PSC register at Companies House, with identity verification under current reforms. If public disclosure is a dealbreaker, we will recommend an Irish or Canadian LP instead, and mean it.
Why do funds use SLPs?+
Separate personality plus transparency plus limited-partner protection made the SLP the standard wrapper of UK private equity - the fund holds assets in its own name while investors stay limited partners. Decades of case practice mean every UK counsel knows the form.
Does the SLP file accounts?+
Standard SLPs file an annual confirmation statement and PSC updates - but no financial statements. Bookkeeping is kept privately for the partners and banks. Qualifying partnerships within corporate groups have separate rules we flag where relevant.
Why do I need two partners?+
The 1907 Act requires a general partner, who manages and carries liability, and a limited partner, whose liability is capped. One person cannot hold both roles, so we typically add a corporate partner - yours or one we provide.
How is banking for an SLP?+
Good - the UK flag helps: EMIs onboard SLPs routinely with multi-currency accounts, and high-street banks follow where there is UK substance. The public PSC register actually smooths compliance checks.
SLP or UK LLP?+
Both are transparent with 0% for non-residents. The LLP has members instead of partners and must publish annual accounts; the SLP files none but discloses controllers. Funds and holding structures lean SLP; operating businesses wanting a corporate feel lean LLP.
Client notes
Google4.7★★★★★
Founders who wanted it done right.
Google4.7★★★★★
“As a software development crew at FewMoreTaps OÜ, we've had the pleasure of working with Prifinance on some key financial moves.First of all, navigating the world of corporate banking and finance can be a maze, but Prifinance made it feel like a walk in the park. They helped us set up a corporate bank account without the hassle of jumping on a plane or drowning in paperwork. Everything was done remotely, smoothly…”
Google
“I had their assistance in company registration and I would recommend them. They were answering all my clarification during the process and offering all their supportThank you Daniel and Irinia”
Google
“We found PRIFINANCE COMPANYvia the Internet and asked for help in organizing the opening of their company in Estonia. PRIFINANCE COMPANY specialists helped us a lot with this. Their professional, competent approach and knowledge of their business left us with only the best impressions.”
Google
“I'm thrilled with my experience with PriFinance! They helped me obtain a crypto license in Estonia without any hassle. The team was super understanding and always available to answer my questions and assist. It was great to see how they put effort into preparing the documents to ensure everything went smoothly. I'm delighted with the outcome and highly recommend PriFinance to anyone looking to get a license…”
Google
“Opening an account with Prifinance in a Swiss bank was such an easy and quick process that I was shocked. It all started with the first call, where I received detailed guidance on the required documents and the entire procedure.One of the key highlights was their attention to detail. As someone who usually gets tangled up in paperwork, I was pleasantly surprised when they sent me all the documents and…”
Google
“I recently had the pleasure of working with Boris.. and I must say, it was a fantastic experience. Boris went above and beyond to assist me with my residency needs. His professionalism, knowledge, and dedication truly stood out. I highly recommend working with Boris and the team!”
Google
More from Prifinance
Other jurisdictions & licenses.
Free consultation
Start your Scottish LP today.
Tell us about the business, and a specialist replies within one business day: SLP or a better-fitting partnership, with a timeline and a fixed quote.A Scotland specialist replies within one business day: SLP or a better-fitting partnership, timeline, fixed quote.
✓No obligation; the first consultation is free✓A clear recommendation, not a sales pitch✓Transparent fixed fees, confirmed up front✓EN · RU speaking team