off shore company in isle of man

[Scruff]

Six Blade Knife....do anything for you.

[GreenMirror]

It is astonishing how many peopl are still getting suckered into schemes. You would have thought all the posts in CUK from 2008 onwards would have put anyone off. Yet schemes seem to be growing ever popular.

[northernladuk]

Apart from the very obviously evasive nature of the setup........ public liability is the cheapest insurance. And not needed to employ someone.

Sockie I reckon.

Might or might not. Looking at the writing style it is comically second language English but is possible it could be real. We do get the odd post from time to time from non-nationals (I've no idea what the PC term is nowadays) who don't feel they are tied to any particular tax system due to them moving around so try and pick and chose the one that suits them without any regard for what is actually going on.

The fact there will be little chance of actually getting any work with an IoM company due to agents not wanting to touch them has missed the OP completely and shows they are trying to run their business from a tax perspective rather than what works. And that's just one issue they are facing.

Comical sockie? Possibly. Daft tax question from migrating works to dodge the tax system, also possible.

[WTFH]

If his company is not making enough money to have insurance, then hiring a new person is not going to help the cashflow problem.
He/you need to spend less.

[Lance]

Apart from the very obviously evasive nature of the setup........ public liability is the cheapest insurance. And not needed to employ someone.

Sockie I reckon.

[BR14]

As long as the IoM entity issues invoices via the Dutch Antilles Oude Joris Max 120 structure, it will be fine.

[Old Greg]

Hello,
I am writing from London,Uk for some advice on a company formation in Isle of Man. My husband has a limited company here in London and he has to pay public liability insurance if he hires another person.The problem is that the insurance is to expensive so at the moment he didn't hire anybody.He is making each week an invoice for his services.If he is opening a company in Isle of Man which kind of company should he open?What are the main responsabilities and fees he would have to pay/year?Will he have to pay public liability insurance if he hires another person?Can he make the invoice from the company in Isle of Man to the company in Uk?Can you please help me with some details if not can you please send me a contact person?
Thank you very much,I really appreciate any kind of help

As long as the IoM entity issues invoices via the Dutch Antilles Oude Joris Max 120 structure, it will be fine.

[BR14]

Hope he isn't thinking of hiring his wife? She appears pretty useless to me.

Uselessness appears to be relative, in this case

[northernladuk]

Hope he isn't thinking of hiring his wife? She appears pretty useless to me.

[BR14]

It's a bugger this tax evasion business innit.

yeh, - shouldn't this be in the tax dodger's thread??

[GreenMirror]

Make like Slade. Run run away.

[northernladuk]

It's a bugger this tax evasion business innit.

[SueEllen]

Just because your husband has a company registered in a foreign jurisdiction does not exempt him from English and Welsh law on Employers Liability and Public Liability.

In other words if he can still be sued by an employee or taken to court by the relevant local council/Health and Safety Executive if he works in England and Wales regardless of where the business is registered.

[charlie20ro]

Hello,
I am writing from London,Uk for some advice on a company formation in Isle of Man. My husband has a limited company here in London and he has to pay public liability insurance if he hires another person.The problem is that the insurance is to expensive so at the moment he didn't hire anybody.He is making each week an invoice for his services.If he is opening a company in Isle of Man which kind of company should he open?What are the main responsabilities and fees he would have to pay/year?Will he have to pay public liability insurance if he hires another person?Can he make the invoice from the company in Isle of Man to the company in Uk?Can you please help me with some details if not can you please send me a contact person?
Thank you very much,I really appreciate any kind of help