• Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
  • Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:

  • You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
  • You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
  • If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.

Previously on "Run a Seychelles company from the UK?"

Collapse

  • ASB
    replied
    Originally posted by Safe Collections View Post
    Theoretically you can run a company anywhere in the world from within the UK. How legal that is would depend on a number of factors.

    However offshore structures like this are well known with HMRC as tax evasion vehicles and we don't imagine it would take Her Majesty long to notice...
    Exactly. It is not the doing business that is in any way an issue. It is doing it properly and in accordance with the relevant legislation as to how the resulting income should be treated.

    Leave a comment:


  • Safe Collections
    replied
    Originally posted by Magnus555 View Post
    Can I as a Swedish citizen live in the UK
    and run a company with all the benefits like no accounting or taxes / VAT, from a Seychelles company?
    Theoretically you can run a company anywhere in the world from within the UK. How legal that is would depend on a number of factors.

    However offshore structures like this are well known with HMRC as tax evasion vehicles and we don't imagine it would take Her Majesty long to notice...

    Leave a comment:


  • tractor
    replied
    ...

    Originally posted by northernladuk View Post
    and sew your bum hole up ready for when it comes back to bite you.
    Quite a physical challenge - good luck with that!

    Leave a comment:


  • SantaClaus
    replied
    Hang on.. I'll get you a DOTAS number. Then all you need to do is bend over.

    Leave a comment:


  • Andy Hallett
    replied
    I'd be amazed if any agency would entertain paying a Seychelles company. I don't think there is a barge pole big enough to emphasise this point.

    Leave a comment:


  • ASB
    replied
    Of course a Seychellois company can operate in the UK. It is no problem whatsoever.

    The only minor issue is that it will gain UK residence and be treated exactly the same as a UK one in the situation you describe.

    You might like to research what happened to Robert Gaines Cooper. This gives some idea of the issues that might need clarification with HMRC. And of course helives in the Seychelles and has done for very many years.

    Leave a comment:


  • fullyautomatix
    replied
    If this is being done just to avoid UK taxes, its the most bizarre method I have seen someone come up with. Up there with those dodgy schemes.

    Lets see, Sweden has highest taxation rate in the world, so to avoid that

    Reside in UK >> Work in UK >> Bill through a company in a 0 tax country. 100% profits!

    Leave a comment:


  • Clare@InTouch
    replied
    Originally posted by northernladuk View Post
    and sew your bum hole up ready for when it comes back to bite you.
    Yup, that too if you don't do it properly

    Leave a comment:


  • sal
    replied
    Originally posted by Clare@InTouch View Post
    You can set up a structure using a Trust, but the genuine management and control would need to take place outside the UK. You'd also no doubt have a whole host of problems with UK suppliers and agencies. If it's something you're really interested in them you need specialist legal and tax advice from the start.
    WSS

    Even if you manage to get the company setup legally setup, agencies/clients require a England&Wales registered ltd. in order to sign the contract. Which makes the entire exercise futile.

    Leave a comment:


  • northernladuk
    replied
    Originally posted by Clare@InTouch View Post
    You can set up a structure using a Trust, but the genuine management and control would need to take place outside the UK. You'd also no doubt have a whole host of problems with UK suppliers and agencies. If it's something you're really interested in them you need specialist legal and tax advice from the start.
    and sew your bum hole up ready for when it comes back to bite you.

    Leave a comment:


  • Clare@InTouch
    replied
    You can set up a structure using a Trust, but the genuine management and control would need to take place outside the UK. You'd also no doubt have a whole host of problems with UK suppliers and agencies. If it's something you're really interested in them you need specialist legal and tax advice from the start.

    Leave a comment:


  • Old Greg
    replied
    Yes.

    But I'm not sure who will do business with you in the EU, or what the legal penalties will be if you do manage to get the business of the ground.

    Leave a comment:


  • BlasterBates
    replied
    No.

    The rule is for foreign companies that do business in the foreign country.

    A Seychelles company can't do business in the UK.

    If you had a shop in the Seychelles then that might be tax free.

    You have to set up a UK company.

    Leave a comment:


  • RSoles
    replied
    Originally posted by Magnus555 View Post
    Can I as a Swedish citizen live in the UK
    and run a company with all the benefits like no accounting or taxes / VAT, from a Seychelles company?
    Er, no.

    Leave a comment:


  • Magnus555
    started a topic Run a Seychelles company from the UK?

    Run a Seychelles company from the UK?

    Hi,

    Ive read on several places online that a foreigner could open and run for example a Seychelles company
    from the UK up to 7 years. At the same time ive read that this sort of company structure has to be
    managed from outside of the UK by a nominee director.

    But "people" have also told me that you can actually manage and run the company
    by yourself from the UK. Do anyone knows how this works? Can I as a Swedish citizen live in the UK
    and run a company with all the benefits like no accounting or taxes / VAT, from a Seychelles company?

    And if so, how complex / expensive is this to set up?

    Thanks!

Working...
X