Partnership Registration

Overview:  A partnership – is a general arrangement of two or more partners under which they agree to conduct business by fully sharing profit and liabilities (full liability for all partners) upon contributing cash, goods, labor, or other assets to the capital. Unlike a limited partnership and limited liability partnership, in an ‘ordinary’ partnership, all the partners are fully and personally liable. The ‘Nominated partner’ is responsible for managing the partnership’s tax returns and keeping business records.

Purpose: Registration of Partnership

Main specifications:

• full liability for all partners
• no minimum capital
• various types of capital contributions from each partner (e.g. cash contribution, goods, labor)

Registering authority: the UK Trade Register

Term of registration: 2-3 working days

Personal presence: Optional

Conditions for registration:

• Nominated partner – Minimum 1 (maximum – unlimited) natural/legal person of any nationality/jurisdiction
• Partner – Minimum 1 (maximum – unlimited) natural/legal person of any nationality/jurisdiction
• Registered office address in the UK.

Required documents:

• Passport or European ID card (for all associated persons)
• Proof of residential address not older than 3 months (for all associated natural persons)
• Extract from the Trade Register not older than 3 months (for all associated legal persons)
• Document, authorizing to use of the registered office address (Copy of the Rental Agreement, Authorization Letter from the Owner, Certificate on Property)

Optional documents:

• Partnership Agreement.