"Foreign sourced income" usually refers to passive income. "Foreign income" refers to active income from abroad. We are talking about foreign income here. The problem is that while there are many countries which do not tax foreign income, they normally only do so if you perform the work outside the country of residence. Furthermore, you are not just working but managing a company, which is a major difference.
I may be missing something, but what is the advantage of this? That UK won't consider the company tax resident elsewhere? You may even fall under this without treaty IMO.
There are many of those. But your problem is the place of effective management.
@Checkmelater proposed such setup for
Qatar
Hello guys, I would like to share you my new setup to avoid tax. Living in Qatar, obtain resident visa with 200k usd investment, like 1 bed apartment with great view. US LLC Delaware —> Stripe EMI —> Revolut Business Personal account in Qatar Living in Qatar at least 7 months (October -...
www.offshorecorptalk.com
It may work for GCC countries due to the lack of a PE concept. But no laws does not necessarily mean it is meant to work, you may get problem at some point.
Yes, something like this. Panama, Paraguay, etc. Even better is to live in 3 countries or in airplanes, where it will most likely work very, very long.