Registration of a company in Scotland

Name of service Bronze Silver Gold
Check and reserve of the company name Obtaining approval from the registrar for the company name
Company registration, including state fees Preparation of a full package of documents, depending on the chosen form of ownership, cooperation with the relevant authorities prior to obtaining information on company registration
Legal address for 1 year Provision of legal address for your company in a given jurisdiction, eliminating the need to purchase or rent real estate
Set of constituent documents Preparation of a complete package of constituent documents of a company of any form of ownership
Nominal service for 1 year Registration of a company with nominal service and provision of nominees for 1 year. The price includes issuance of additional documents: power of attorney, trust documents and agreements
Assistance in opening an account Collection, preparation and submission of the necessary documents for opening a corporate account
Total cost
1250 EUR 2250 EUR 4150 EUR
Annual renewal (paid from the second year)
990 EUR 1950 EUR 1950 EUR

Deal of the month

If you will register a company until June 30,
opening a bank account is for FREE

6 easy steps to get started
  • 1

    Select your
    preferred jurisdiction

  • 2

    Choose a bank
    that meets your
    company's needs

  • 3

    Pay for our services
    using a convenient
    payment method

  • 4

    Receive all necessary
    corporate documents

  • 5

    Receive details
    for your newly opened
    bank account

  • 6

    We'll deliver the original
    documents directly
    to you

Scotland is a reputable jurisdiction for running a business with favourable legislation and business opportunities. It has made effective steps for achieving more results in financial sectors. This overview may help you while considering Scotland as your target jurisdiction.

Forms of Legal and Business Presence

If you intend to establish your legal and business presence in Scotland, you may easily do this in the next forms:

  • Private Company Limited by Shares – a vehicle where the liability of founders (shareholders) for all undertakings is restricted to the contributed values only. This entity may be especially suitable for small and medium enterprises.
  • Public Company Limited by Shares – a vehicle designated to the involvement of capital from the public mostly by offering its shares. The liability of shareholders is restricted in the same manner as for private companies limited by shares. Still, more strict requirements are applied to reporting and disclosure.
  • General Partnership – a business formation that possesses a separate legal personality. Its founders (partners) bear unlimited liability for all undertakings, including with their personal property.
  • Limited Liability Partnership – a business formation that is established by (i) general partners who bear unlimited responsibility for all undertakings, and (ii) limited partners whose liability is restricted to the extent of their contributions only.
  • Branch or representative office – it may be established by any foreign company that intends to test local business opportunities and will be able to cover all related costs.

Registration Requirements and Steps

For a company formation in Scotland, it is required to pass these preliminary steps:

  1. Defining your objectives for running a business in Scotland.
  2. Collecting information about founders and beneficiary owners.
  3. Arranging the registered office for a future vehicle.
  4. Drafting statutory documents for a future vehicle.
  5. Submitting the set of documents to the Registrar of Companies.
  6. Registration for tax and social security purposes.
  7. Opening a bank account.

Legal and Regulatory Framework

Scotland has very developed legislation with a special emphasis on compliance and security of a property. The procedure for establishing and running a business here is not burdensome.

The major legal acts regulating the procedure for establishing and running companies are the Companies Act, the Partnership Act, the Limited Partnerships Act.

Advantages of the Jurisdiction

If you think about establishing your business in Scotland, you may potentially enjoy these benefits:

  • Reputable jurisdiction open to investments
  • Ease in reaching major European markets
  • Comparatively simple and fast procedure of the company formation
  • Incentives for doing business in R&D, digital communications and technologies.

Tax System

Businessmen who consider registering a company Scotland may be interested in these tax highlights:

  • Corporate income tax (CIT) rate – 19%
  • Personal income tax (PIT) rate – varies from 19% to 46% depending on the income
  • VAT – 20% or 0%
  • Capital gains tax rates – (i) corporate – subject to the standard CIT rate (ii) personal – may vary depending on the case.
  • Withholding tax rates for non-residents – may vary depending on the type of income and its amount.

How Prifinance Specialists May Help You

If you are in doubts about setting up a company in Scotland or elsewhere, Prifinance specialists may easily resolve these matters. We can consult you more precisely on the specifics of the registration process, prepare and submit all required documents and open a bank account for prospective vehicles. Reach us shortly for more precise discussions.

Cooperation

Our clients

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I NI N
10:31 20 Mar 24
Collaborated with the company for 3 years. I can’t say that everything was smooth from the point of view of organizing the work; there was confusion in the structure of the work, etc. But I’ll specifically highlight employee Lyubov Malinowski, she very diligently corrected all errors and was in touch at the right time, her help was significant in all processes and she approached all issues precisely. I would like to separately highlight the moment when she solved the problem at her own expense, which speaks of the person’s professionalism and increased responsibility.
K NK N
11:40 01 Mar 24
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 and securely.But that's not all. We had a slightly time-sensitive situation when it came to changing the beneficiary details on our account. Prifinance stepped up to the plate and handled everything quickly and professionally.It's not just about getting the job done. It's about how Prifinance does it. They're all about making complex financial matters simple and accessible for companies like ours. Plus, their team, especially Liubov Malinowski, has been nothing short of fantastic to work with - professional, timely and always on the ball.In short, FewMoreTaps OÜ wholeheartedly endorses Prifinance OÜ. Whether it's opening bank accounts remotely or navigating the financial legalities of running an international business, these guys have got your back. A big thank you to the entire Prifinance team for their first class support and expertise.Here's to more collaborations in the future!Best,Kiryl Nest
Mina KedisMina Kedis
18:10 23 Feb 24
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
Róbert KnapecRóbert Knapec
15:08 22 Feb 24
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.
Anna AnnaAnna Anna
13:33 07 Feb 24
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 stress-free!
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 instructions clearly and neatly. No misunderstandings!Honestly, I expected opening a Swiss bank account to be complex and time-consuming, but thanks to Prifinance, I felt like a professional financial expert. Thank you for making this process so easy and enjoyable!
Maria Jose SantomeMaria Jose Santome
20:39 13 Dec 23
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!
Valon StatovciValon Statovci
12:43 27 Nov 23
I used Prifinance to help me with a new corporate structure. The team were helpful and communicated well from the initial onboarding with Daniel to case handling by Karmen. They also responded to additional requests post incorporation very quickly, Thank you and would work with them again
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