Originally posted by Safe Collections
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Reply to: Run a Seychelles company from the UK?
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Previously on "Run a Seychelles company from the UK?"
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Originally posted by Magnus555 View PostCan 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?
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...
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Hang on.. I'll get you a DOTAS number. Then all you need to do is bend over.
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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.
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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.
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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!
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Originally posted by northernladuk View Postand sew your bum hole up ready for when it comes back to bite you.
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Originally posted by Clare@InTouch View PostYou 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.
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.
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Originally posted by Clare@InTouch View PostYou 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.
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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.
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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.
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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.
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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!Tags: None
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