Overview: 

Scotland is an autonomous state within the United Kingdom of Great Britain and Northern Ireland, located in Western Europe. Scotland has an open, Western-style mixed economy, closely connected to the rest of the UK. Its main focus is oil and gas production in the North Sea shelf, electronics manufacturing, and the financial sector. 

Businesses in Scotland have had a reputation for high reliability for many years. In its annual rating for Ease of Doing Business, the World Bank gave the UK the well-deserved 8th place. The highest scores were given to the following important components of successful entrepreneurship — paying taxes, trading across borders, and protecting minority investors. 

Many European economies are very unstable right now because of the pandemic the world is experiencing. However, Scotland has remained a true "safe haven," a great place to register companies. Clevver specialists will assist in incorporating your company in Scotland in a timely manner, completely remotely, and are ready to provide additional services for the successful functioning and development of your business in Western Europe on request. Learn more here.  

Business Taxes in Scotland 

Although being autonomous, Scotland is still part of the United Kingdom and is subject to common business tax regulations like the rest of the country. Thus, the companies incorporated in Scotland are liable to the following taxes: 

• Corporate income tax is 19%. If you run your business as a sole proprietorship, partnership, or limited liability partnership (LLP), you do not pay income tax. Nevertheless, you still have to pay tax based on the profits of the individuals involved in your business, — insists the Scottish International Development portal. 
• VAT — 20% (for certain goods/services a reduced rate of 5%/0% applies). If a company does business in the UK or with organizations from the EU member states, it may be required to register as a VAT payer. Obtaining a VAT number is compulsory if the company's annual turnover is more than £85,000. Clevver's legal specialists can take care of the VAT registration of your business in the UK at your request.  

Company Formation Service  

We support business formation services in Scotland (and many other countries) of the highest quality. Clevver will always strive to do its job as efficiently as possible and in compliance with existing standards of professional ethics.  

Incorporate in Scotland with Clevver's help to receive:  

• The assistance of the high-level professionals;  
• Entirely remote process of cooperation with us;  
• Digital access to the comprehensive package of documents on the company formation;  
• Possibility to obtain many add-ons (company secretary, VAT registration, and many more)  
• Pricing for the service starts from €149;  
• Consistent customer support. 

Conclusion 

Registering a company in Scotland, an independent part of the United Kingdom will allow you to develop your business in one of the richest countries in the world. Clevver is more than ready to assist you in the setting up of an LTD in this jurisdiction — a company with limited liability, which is by far one of the simplest, most accessible, and understandable forms of business ownership on the international market.   

If you are interested in the advantages of doing business in Scotland, we can help you register a company in this jurisdiction online. For detailed information, please, contact our specialists.

DISCLOSURE NOTICE: Any legal or tax advice in this communication (including any attachments) is for information purposes only and is not intended to be used, and cannot be used against Clevver or its Sender. The sender is neither an Accountant nor a Lawyer and cannot be made liable. Please, contact your tax accountant for individual consultation. Clevver does not provide any legal advice itself. Clevver works together with a network of lawyers and tax advisors that provide all necessary individual legal advice.