About the United Kingdom
The UK’s position, both geographically and business, puts it at the centre of a diverse collection of markets and sectors. The UK continues to be a leading destination for foreign direct investment and presents opportunities for investors in UK market as well as a platform for global expansion.
The UK is one of the most tax friendly jurisdictions for companies. No withholding tax is charged on dividends paid by UK companies to individual and corporate shareholders, regardless of their country of residence and registration. The UK has the world’s largest and most effective tax treaty network, covering more than 140 partners.
Sovereign offers company formation and management in the UK across all business areas and corporate structures, together with the administrative support to maximise opportunities and achieve long-term sustainability. These range from full back-office solutions to assistance with compliance in respect of regulatory, tax and economic substance rules.
Sovereign’s Private Client services assist families and entrepreneurs around the world to structure their assets to support personal, family, commercial and charitable interests. Sovereign has the depth of technical expertise to identify and create the optimum solution for our clients’ needs, whether that be asset protection, estate or succession planning.
Sovereign has more than 30 years’ experience of establishing and managing various types of trust both in the UK and overseas. Trusts can provide great advantages for estate and succession planning, particularly for individuals who are changing, or planning to change, their domicile, residence or citizenship.
We have a particular specialism in advising high net worth individuals on complex issues and interactions between UK immigration and tax law including pre-immigration tax planning, tax residence, settlement, naturalisation and domicile.
Sovereign provides a selection of award-winning UK and international retirement planning products and solutions. These include Self-Invested Personal Pensions (SIPPs) and Small Self-Administered Schemes (SSAS) in the UK.
SIPPs are a UK-registered personal pension arrangement that is available to both UK residents and expatriates. Typically favoured by savers seeking additional investment options or increased flexibility at retirement, a SIPP can be funded by new contributions or the transfer of existing pension plans. All UK SIPP providers are regulated by the UK’s Financial Conduct Authority.
A SSAS is an individual occupational pension scheme that can be established by directors of UK-registered companies for the provision of retirement benefits. It has wide-ranging investment capabilities, including the ability to provide a secured lending facility to scheme participants and to acquire commercial property.