Setting up an offshore company in Scotland offers several benefits to new entrepreneurs who want to benefit from income tax exemption.
In the UK, there are different types of companies, one of which is a Scottish Limited Partnership (SLP), comparable to a limited liability company.
Setting up your offshore company as a Scotland LP means you will be exempt from UK corporation tax, as long as the company is not engaged in any commercial activity in the territory, and the company partners do not reside in the United Kingdom.