I made a typo, sorry. You can have 1 dormant LTD and 1 IBC as members, the LTD would file as dormant and wouldn't get any profits so 100% goes to the IBC tax free.Hi mange38, would you mind explaining what you mean by using 2 dormant UK LTDs and 1 IBC? I would definitely be interested in hearing a bit more detail about the structure you described.
The problem is how to get banking for this setup because they "rate" the LLP based on the worst member (means, banking for such llp will most likely be as hard as for an IBC). Also most if not all offshore jurisdictions have substance rules nowadays, including Seychelles.