Opening and maintaining an LLP company in the UK?

Question

Business Informatics

Interested in the experience of opening and maintaining an LLP company in the UK, as well as opening a bank account for the company.
Which registrar to choose to open a company and an account?
Is it possible to manage a company from Russia?
How much do you pay per month for running a business?
How and when to pay taxes?
Offshore not interested!

Answer 1

It is absolutely not a problem to register or buy a ready-made LLP today. The cost of the issue is from 500 dollars to several thousand. Fortunately, there are plenty of offers on the market, both online and off. In essence, everyone will provide you with the same package of documents for the company. LLP is a partnership, that is, you will have joint partners who own the company. Of course, all management will be yours, but notarized documents for partners should be immediately requested from the registrar with the main package. Decide for yourself right away whether you will disclose yourself as a beneficiary or not, this is important at the very beginning of the journey.
You can manage from anywhere in the world, including from Russia. There are many services for sending paper letters to e-mail, you can rent a virtual British number, you need only a nominal address, you don’t need to keep a little room in London :-) although it’s tempting. LLP renewal on average with legal entities address and sending documents costs 1200 euros per year, the market price is about the same.
You will only have to pay taxes if you conduct economic activities in the country. For taxes, it is better to request a separate consultation based on your business direction. Study carefully all the nuances of the legislation, you may be entitled to preferences and the registrar will never tell you about it, he will sell it to you as an idea or business optimization.
After completing all the documents, you can submit them to the bank to open an account. Here the choice is huge from large international banks to small offshore ones. It will not be difficult for you to open it yourself, you should not lay out an amount of several thousand euros to the registrar, it is not worth it, and no one will give you a guarantee for opening. It is much better for you and your company when you submit a full package of documents based on the requirements of the bank and go there yourself for a compliance interview. The time for opening accounts without a personal visit is over, compliance will want to get to know the beneficiary and see him. Anyone who says that they open an account remotely is definitely being cunning, the maximum that can be obtained is an account number and accept a certain amount on it, but then the bank will not release it anywhere until they get to know the beneficiary personally, so do not rely on the registrar and do not believe the beautiful stories. Well, offshore, as such, they are no longer there, this concept is dying out. I'll leave you with some useful links:
Czech FIO Bank tariffs for business
Bank of China to work with China
Norvik Bank (there is a representative in Moscow)
Citadele apply for opening
ABLV Bank tariffs for business
Euro Pacific Bank offshore bank remote opening
Loyal Bank Cypriot good bank
Rietumu Bank
Banks of Europe discussion on the forum