Hi All,
I am new to this business and would appreciate some advice for what I fear is a fairly non-standard situation:
I am an EU national, employed in Belgium and living here for many years already. I had ex-pat status initially, but lost it recently, so am fully in the Belgian tax system. Wife and kids are here and we own the house where we live in Belgium.
I am now looking at leaving my employment and starting up my own one-man contracting company. My first client will be from the US, and the work will involve travel all over Europe, but initially the bulk of time will be spent behind the computer at home.
I plan to move to the UK within a year, taking my family with me, as soon as I can sell the Belgian house. Long-term, a UK Ltd seems the right way to go, but how do I handle the transition period?
Starting up a BVBA company in Belgium, only to shut it down again once I move to the UK, seems unnecesarily complicated and costly. Also, the client prefers to work with a UK Ltd than with a BVBA.
How will BTA treat that UK Ltd initially if I am the director and only employee, and resident in Belgium? Do I need to move myself immediately to the UK, leaving Wife and Kids in Belgium until I can sell the house here? Will BTA still consider me tax-resident if my family are here? ... do we need to divorce first and then remarry once she moves over to UK? :-)
Any advice on the best way to legally get most net income out of this situation?
- JumpingIn
I am new to this business and would appreciate some advice for what I fear is a fairly non-standard situation:
I am an EU national, employed in Belgium and living here for many years already. I had ex-pat status initially, but lost it recently, so am fully in the Belgian tax system. Wife and kids are here and we own the house where we live in Belgium.
I am now looking at leaving my employment and starting up my own one-man contracting company. My first client will be from the US, and the work will involve travel all over Europe, but initially the bulk of time will be spent behind the computer at home.
I plan to move to the UK within a year, taking my family with me, as soon as I can sell the Belgian house. Long-term, a UK Ltd seems the right way to go, but how do I handle the transition period?
Starting up a BVBA company in Belgium, only to shut it down again once I move to the UK, seems unnecesarily complicated and costly. Also, the client prefers to work with a UK Ltd than with a BVBA.
How will BTA treat that UK Ltd initially if I am the director and only employee, and resident in Belgium? Do I need to move myself immediately to the UK, leaving Wife and Kids in Belgium until I can sell the house here? Will BTA still consider me tax-resident if my family are here? ... do we need to divorce first and then remarry once she moves over to UK? :-)
Any advice on the best way to legally get most net income out of this situation?
- JumpingIn
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