SCOTLAND SCOTTISH LIMITED PARTNERSHIP

POPULAR APPLICATIONS NON-RESIDENT TRADING STRUCTURE. SHELF LPS WITH VAT AVAILABLE CORPORATE REQUIREMENTS Scottish Limited Partnership (SLP) requires at least one limited partner and at least one general partner (our package includes 2 offshore corporate partners). The general partner has unlimited liability, while limited partners liability is restricted to its capital contribution and any undrawn profit. The general partner is responsible for the management of the partnership. SLP Partnerships is formed by written agreement which must be registered at the Registar of Companies in Edinburgh. The Members may be natural persons or corporate bodies from any legal jurisdiction worldwide. Registered office in Scotland is required BANK ACCOUNT INTRODUCTION For the Scottish LP that operates outside of the UK, we can recommend opening an account with various banks located in Latvia, Estonia, Denmark or Cyprus. Please contact us for further details. TIMESCALES Shelf LPs available immediately. Shelf LPs with VAT may be available. Ask for details. New LP set-up is offered at same conditions within 7-10 business days. ACCOUNTING REQUIREMENTS SLP must file annual return with the Registrar of Companies No obligation to file annual accounts with either Companies Registry or Inland Revenue Must file annual tax return with ZERO INCOME basis with Inland Revenue for SLPs with non -resident Members which have no activities in the United Kingdom VAT declarations are usually filed quarterly. HOW DO I PROCEED? In order to commence incorporation and account introduction, we will require the following:

IBCC Company Form including description of company work & information on beneficial owner. Passport copy + utility bill not older than three months of Beneficial Owner and Attorneys in Power. 100% of the company formation cost .

Non-resident Trading Structure

General Partner, Belize (50%)

Limited Partner, Seychelles (50%)

SCOTTISH LP

buy with 0%VAT

Sell with 0% VAT

SUPPLIER IN RUSSIA Goods

CLIENT IN EU WITH VAT

Scottish LP can offer EU profile - Supplier and Client can contract white listed entity, rather than offshore company. SLP has no tax presence in UK, being deemed tax transparent for UK tax purposes. No tax liability on trading profit in Members jurisdictions as they are offshore entities VAT number can be obtained for the purpose of international trade.

NB! The structure can be suitable for general trading, but not as resident structure where tax relief is required under a tax treaty. TAXATION The SLP itself is not subject to UK income tax and instead the partners are assessed on their share of the profit. Therefore, in the case where the partners are not UK resident and there is no UK source income, no UK income tax would be payable. SLP consisting of non-resident members will not be able to obtain a certificate of UK tax residence and it will not be able to benefit under any of the UKs Double Taxation Agreements SLP can be registered for VAT. It is treated in the same way as a UK company for VAT purposes.

POPULAR PACKAGES Shelf Scottish LP Shelf LP + 1st year maintenance:

Shelf SLP, incl. Incorporation document set with Apostilled corporate document set incl. General Power of Attorney for 1 year 2 Nominee non-resident Partners service Registered address, Registered Agent Service Declaration of Trust & Company seal 1,300 (one-off)

Annual fees starting 2nd year: Renewal fees: General Power of Attorney with Apostille 2 Nominee non-resident Partners service Registered address, Registered Agent Service Annual Return

1,100 (p.a.)

Shelf LP + VAT number Shelf LP + VAT number:

Shelf SLP with registered VAT number incl. Incorporation document set with Apostilled corporate document set incl. General Power of Attorney for 1 year 2 Nominee non-resident Partners service Registered address, Registered Agent Service Declaration of Trust & Company seal 3,000 (one-off)

Annual Fees: Renewal fees: General Power of Attorney with Apostille 2 Nominee non-resident Partners service Registered address, Registered Agent Service Annual Return VAT reports (max.20 invoices per quarter)

1,100 (p.a.)

250 (per quarter)

Above fees are based on average business model. Individualized Fixed Fee Packages are offered provided that the client gives us full insight into trading model and number of transactions, invoices, contracts and payments prior to set-up. All One Off fees and Annual Fees are pre-charged. Fees and other charges quoted below exclude disbursements and VAT when applicable. All fees are correct at time of printing and are subject to change without prior notice. DISCLAIMER. This document intended as a general guide for clients and are for informative purposes only. Whilst the utmost care has been taken to prepare this information, no informative text included in this document should be regarded as a complete and exhaustive explanation of any subject referred to.

FEES SCHEDULE Incorporation of LP or Shelf LP (with 2 nominee partners and apostilled document set) Shelf LP with VAT number Annual renewal of LP Certificate of Good Standing (without Apostille) Apostille (on 1 document or document set) Signature on document by General Partner Extra Power of Attorney without Apostille VAT quarterly return (max.20 invoices per return) Virtual Office in Edinburgh - with phone answering & mail forwarding with max.40 letters p.a. Installation fee charged separately 300. EORI number registration Services outside the scope of this proposal are charged at hourly rate of 200 per hour. Services are negotiated and payable up front.

1,300 (one-off) 3,000 (one-off) 1,100 (p.a.) 150 230 starting 65 65 250 (per quarter) 1,500 (p.a.) 300