Great Britain (UK)
Why is this normal?:
Despite their high transparency, UK LLPs (Limited Liability Partnerships) are often used with nominee partners for international structures.
Peculiarities:
– LLP structures are popular for tax-transparent holdings
– Nominal designated members are found in international structures
– The prestige of British jurisdiction
– Extensive network of tax treaties
Regulation:
Very high transparency, public registers (including PSC – persons with significant control), strict regulation.