Recent content by blackeyes

OP here. Thank you all for so much useful information. About the two tax consulting companies I contacted: Sable International requested a 1500 € upfront payment just for an initial assessment for NHR eligibility, even if the result is negative. The total cost being around 2000€. UWU Solutions...

@prcsc From the UK-PT DTA you cited, it seems to me that, strictly speaking, only income that is attributable to the fixed base in the UK can be taxed, which in my mind means only the small percentage of income proportional to the days you work in the UK during the full tax year can be taxed...

I'll like to keep it simple as well. Managing a Hungarian company seems a little bit complicated as I also need a bank account and Hungary is maybe too far to my liking in both distance and language should I have any issue, but I will see if there are any decent intermediaries who could take...

I wouldn't like to relocate to Cyprus or Malta because of distance (including the ability to go by car of by cheap and regular flights) to visit friends and family. UK, Ireland, Portugal, Andorra are all acceptable though. Exactly. And yes I meant no UK LLP. I also found this, there is a...

I was about to add exactly that same link :) I'm liking Portugal as it close to Spain (I'm Spanish), which could allow me to stay let's say 5 months of the year on Spain while not being forced to spend the rest 7 months of the year in Portugal (which in any case could be a good idea, the...

To anyone interested in this matter, I found this great article about Portugal's Non Habitual Residents (NHR), which I believe is the non-dom status we were talking about: NHR: residency in Portugal for foreign nationals - live tax-free in Portugal

Getting a reputable bank account is a must, and I also have clients in the USA so in that case it seems that this solution won't be a good fit. Ok I think we are leading into something interesting. So the plan could be: - Form a UK LLP with two members: a UK resident nominee director, and...

Ok I've been learning about non domiciled status and the remittance basis, please correct me if I'm wrong: you are suggesting relocating to one of those countries while having a UK company, and that way I'll only pay 19% corporate tax on the UK company, while not paying income tax as a non-dom...

Makes sense. Thanks a lot for all the feedback to all of you. So, can you think of any legal alternative? What would you do in my case? Would you simply pay your taxes at 40% like I'm doing now, create a UK LTD, or something else?

Not sure if I understood correctly, you say that my Seychelles company owns my UK company, then my clients pay my UK company, then Seychelles company invoices UK company so UK company pays Seychelles company, so most of the money is now in Seychelles company and I can take it out from whenever I...

I think I'll have to explain those expenses to UK HMRC and as they are not actually business-related it could cause issues.

Well I'm trying to improve my situation now that I'm the 40% bracket, and incorporating in the UK is one of the options of course. However when I take profits out of the company, I'll have to be taxed by personal income tax, so 19% corporate tax + 20-40% income tax is still not very appealing. A...

Hi there, this is my first post after several days learning from this forum. Taxes are killing me and I'm wondering, among the vast options that I have considered while reading this forum, what would be the best one considering my situation: - I have Spanish citizenship, but moved to the UK a...