There is an additional problem in that many (but not all) UK agencies won't work with non-UK ltd companies.
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Setting Up LTD In Tax Haven (lichtenstein)
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You seriously want to get a new set of mates or stop talking business over coffee/beer. Do your research on how to run a company on the web rather than in a pub IMO.Originally posted by DeludedAussie View PostIf you could get your agency to pay Has anyone thought carefully about opening a LTD abroad and billing agents through the company?
I had someone mention this over a beer the other day as being a possibility -
Has that been discussed on the board before
Also if it has been discussed on the board before it will mean that the search will be able to find it. Why not do a bit of basic research before posting?'CUK forum personality of 2011 - Winner - Yes really!!!!
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True, however that is easy enough dealt with by interspersing a UK company between MyCo (tax haven) inc and Agency which operates the contract and buys in the resource.Originally posted by NotAllThere View PostThere is an additional problem in that many (but not all) UK agencies won't work with non-UK ltd companies.
Of course I am not for one moment suggesting that alleviates any of the problems as to whether the income generated is taxable in the UK or not.
OP, there are certainly some opportunities that can potentially minimise UK taxes due (though often just by deferring them). It depends upon your circumstance and your end objectives. It is far more complex than "I know I'll set up in Guernsey (no ct). Also if you actually need the money for day to day that will very much limit what you may be able to do.
Given your name I am guessing you are not UK domiciled and probably not UK ordinarily resident (just a guess) - if this is the case some expensive advice from the international accountants may prove fruitful if you can defer taking the income until toy leave. If ultimately anything you do decide on doesn't hold up to scrutiny the bill will fall on you and it will likely be very large.Comment
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