This structure is a limited partnership with a company as its general partner, and it is a tax-transparent partnership with maximum discretion. No tax in the USA as long as there is no US income and there are no US partners.
Key advantages
- Top reputation. The USA is the largest economy in the world.
- Maximum discretion. The names of those involved appear in no publicly accessible register. No exchange of information under the OECD CRS.
- No withholding tax on outgoing profits without a US connection. Ideal if you live in a low-tax country.
- No tax in the USA as long as there is no US income (for example US rental income or US dividends) and there are no US partners.
- The USA has double taxation agreements with around 65 countries, which reduce the tax on income the partnership receives.
- Partners' rights and the profit split are set flexibly in a partnership agreement, which is not public.
Services included in the fee
- Formation of the general partner LLC in Wyoming
- Drafting of the articles, minutes and partners' resolutions
- Prestigious registered office in Austin, Texas for 12 months
- Mail forwarding by scan and email for 12 months
- Tax registration of the companies and of up to 5 limited partners
- Partnership agreement drafted by a lawyer
- Support with transferring existing assets to the partnership
- Ongoing personal support from our team
- Basic compliance, including filing the annual report
Formation facts
- No notary appointment
- No visit in person
- At least 1 director (residence and nationality do not matter)
- Minimum capital $1 per limited partner
- Formation time: 5 to 10 days
Discretion
Full discretion. The details of those involved are published in no publicly accessible register. No exchange of information.
Opening a bank account
Opening a bank account is not included in the fee. We recommend that you open a business account for your partnership yourself with one of the usual online banks. For an additional fee, we can support you with opening an account outside the EU at one of the top 5 UK banks.
Tax support
Ongoing tax support for the partnership is charged according to time spent.
Costs after the first year
The annual cost of managing the partnership after the first year is £3,200 plus tax support.
Process and next steps
01, Onboarding and KYC: Once you instruct us, you receive our onboarding questionnaire and the KYC documents. We analyse your financial situation.
02, Formation and partnership agreement: Formation of the general partner LLC and the FLP in Wyoming in 5 to 10 days. A lawyer drafts your individual partnership agreement.
03, Handover and support: Full handover of all documents. Ongoing personal support and help with transferring your assets.
Suitable for
- Clients with substantial wealth
- Business owners with liability risks
- People looking for maximum creditor protection
- Investors with international assets