Remote working / offshore companies / place of establishment

[mikehawk]

Thought you chaps might know?

Let's say I move to Timbuktu, live their for five years, no connection to the UK. Get a job to build a website for a company in London.

Register a company in the Cayman Islands, of which I am t. All work done electronically from my laptop.

Obviously I may have to pay dividend/income tax in Mali depending on their tax law, if I receive dividends there.

But how about the corporate taxes? Are their general principles governing this in that I don't have a real presence in the Cayman Islands, just some sort of mailbox service. I understand this may be deemed 'profit shifting'. But what are the basic rules?

[Lance]

Thought you chaps might know?

Let's say I move to Timbuktu, live their for five years, no connection to the UK. Get a job to build a website for a company in London.

Register a company in the Cayman Islands, of which I am t. All work done electronically from my laptop.

Obviously I may have to pay dividend/income tax in Mali depending on their tax law, if I receive dividends there.

But how about the corporate taxes? Are their general principles governing this in that I don't have a real presence in the Cayman Islands, just some sort of mailbox service. I understand this may be deemed 'profit shifting'. But what are the basic rules?

you need to ask a Cayman accountancy/legal specialist. And a Timbuktu/Mali specialist (although bribery works well I imagine in those places).

PS. It's not basic as Cayman is a tax haven and they make great effort to ensure it's not basic.

Not sure why you think UK contractors can help you with a tax question not relating to the UK though.

[northernladuk]

Wrong forum for all that rubbish although I think we are qualified enough to tell you your chances of pulling this off is nil.

[BlasterBates]

Thought you chaps might know?

Let's say I move to Timbuktu, live their for five years, no connection to the UK. Get a job to build a website for a company in London.

Register a company in the Cayman Islands, of which I am t. All work done electronically from my laptop.

Obviously I may have to pay dividend/income tax in Mali depending on their tax law, if I receive dividends there.

But how about the corporate taxes? Are their general principles governing this in that I don't have a real presence in the Cayman Islands, just some sort of mailbox service. I understand this may be deemed 'profit shifting'. But what are the basic rules?

You need to register your business in Timbuktu, and pay tax in Timbuktu, not in the Cayman Islands. If you want to pay tax in the Cayman Islands you need to work there instead. There will be no tax to pay in the UK.

[NotAllThere]

As someone apparently based well outside of the UK, why are you asking?

[GhostofTarbera]

As someone apparently based well outside of the UK, why are you asking?

Indeed, strangest question in a long while


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