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freezone company - move back to UK |
Anonymous
Posted on: 02/09/2010
Posted at: 09:07:07
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I ama british national living in dubai for last 13 years, and currently have a UAE freezone company, all business is in the middle east region, (design consultancy)
I am considering my taxation liability if i decide to reside in the Uk again, but travel once a month to UAE to manage my business/staff in uae, then return to Uk in between
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Freemont Group
Posted on: 02/09/2010
Posted at: 14:11:10
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Please contact as at info@freemontgroup.com.
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kenneth
Posted on: 02/09/2010
Posted at: 14:33:28
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Have you considered setting up a Belize IBC ? Combine it with an offshore bank account and you will not have any UK liabilities.
You can always remit enough money to te UK (and pay tax on it ) to live off whilst here.
andre.nell@askcs.co.uk should be able to sort you out. The are business consultants who deal with offshore companies
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kenneth
Posted on: 02/09/2010
Posted at: 14:33:28
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Have you considered setting up a Belize IBC ? Combine it with an offshore bank account and you will not have any UK liabilities.
You can always remit enough money to te UK (and pay tax on it ) to live off whilst here.
andre.nell@askcs.co.uk should be able to sort you out. The are business consultants who deal with offshore companies
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Martin Katz Chartered Secretary www.martinkatz.im
Posted on: 18/10/2010
Posted at: 22:25:37
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Tricky one this.
Based on the limited information you've provided, I think if you are careful - and you will need to be careful, then you should be taxed only on the dividends you receive from the UAE Company.
Basically - you'll need to ensure that the UAE company is managed and controlled from Dubai and not the UK and also negotiate your way past TAs720 which can deem income accruing to an overseas company to its owners. see my blog post
http://martinkatz.im/2010/10/why-oh-why-oh-why-isnt-the-income-accruing-of-my-offshore-company-tax-free/
for further info...on the second point the fact that you haven't set up the UAE company 'cause you lived there and not just for tax purposes is key.
drop me a line if you'd like to discuss. regards Martin Katz email martin@martinkatz.im www.martinkatz.im
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Anonymous
Posted on: 22/10/2010
Posted at: 16:48:54
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Dear British man you want to return to uk you would pay,if not properly structured 50% tax + vat + 12 percent nihs (social security)ecc.Your business will be scrutinized because a lot of tricky games comes from dubai or uae to avoid paying vat.Do not try to to by yourself but refer every time to a professional accountant,better if offshore,because accontant in your country are now obliged by the lawto tell the tax office anything you want to do offshore.If I were you I wolud look to Isla of man or SARK.Residency in jersey or gurnsey are for the very rich only.In your country you have the distiction among residence and domicile .If you have both in uk you pay on your world income otherwise if you are not domicile you pay only on uk income.If you are looking for good advice look at ocra.com they are reliable and they will look for you.All the best LORD GREENVILLE
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