The United Kingdom (Great Britain) is one of the leading financial and business centres of the world, and is a significant jurisdiction for international tax planning. This country is known worldwide as a jurisdiction with a standard level of taxation, and therefore can in no way be thought of as a "tax haven". Nevertheless, UK legislation provides the opportunity of incorporating and using bodies corporate with a zero rate of tax - namely, the LLP. The legislation on Limited Partnerships has existed in the UK for almost a century, but only in its present form (the Limited Liability Partnerships Act 2000) does it offer all the advantages available in the use of LLPs.
     The LLP - the limited liability partnership - is a body corporate having at least two members (partners), and is incorporated by completing the form LLP2 and a partnership deed and filing it at Companies House, the company registry for England and Wales. Accordingly, after completion of the registration process, Companies House issues a certificate of incorporation, and remaining company documents, such as general powers of attorney, warranties etc, come into being.
     An English LLP with foreign members, which does not carry on a business in the UK and derives no income on UK territory, is not liable to tax in the UK. Under UK tax law, the LLP is not a taxable entity in its own right (accordingly, an LLP is not required to obtain a tax registration number in the UK); rather it is the LLP's members who are liable to tax in their own countries of residence on the profits of the LLP, in the proportion of their interests in it.
     In this way, an English LLP with the legally appropriate corporate structure is a vehicle with a zero rate of taxation.