Setting up offshore

[Vallah]

It wouldn't be worth your while, for a couple of reasons:

Firstly, the company might be offshore, but you presumably would still be in the UK, and therefore UK tax resident, and therefore your earnings and dividends from the offshore company would be assessable to UK tax.

Secondly, the offshore company would escape corporation tax, but only if it was managed and controlled from the offshore jurisdiction, which as you're in the UK would necessitate paying a CSP a fee to run it for you. As most limited companies would be set up so as not to pay much, if any CT anyway, there wouldn't be any benefit to this.

[Project Monkey]

Think I'm beggining to understand nluk.

[LisaContractorUmbrella]

What is the current legal position of setting up an offshore Ltd company, specifically for tax purposes?
I've just got a contract and need to set up a Ltd and wondered if this contract should try set up offshore. But don't want to do it if it looks suspicious or will raise questions for HMRC..??

Are you going to be working in the UK
Do you live in the UK
Are you tax resident in the UK
Are you a sockie

[saffachange]

What is the current legal position of setting up an offshore Ltd company, specifically for tax purposes?
I've just got a contract and need to set up a Ltd and wondered if this contract should try set up offshore. But don't want to do it if it looks suspicious or will raise questions for HMRC..??