So non-dom status combined with CFC exemption for under £500k a year, means I can operate under an offshore company and pay 0 tax, while living full time in the UK.
Am I missing anything? It seems too good to be true but I guess nothing is impossible these days.
I understand the requirements of physical presence. I will also pay UK tax on my UK income.
By opting for non-dom remittance basis, I don't have to pay tax for non-UK income, but I need to declare that I don't live permanently in the UK.
What @KDX said makes sense, but I am wondering if...
By opting for remittance basis, you have to declare that you’re non-dom, i.e. your permanent home is not in the UK.
However, when applying for indefinite leave or citizenship, you are required to declare that you intend to reside permanently in the UK.
Would this cause any problem as they are...
No competent nominee will sign a contract with a minor, as this could lead to them bearing the legal responsibilities rather than you, if anything bad happens.
Is there any particular reason why you want a nominee? Even if you use a nominee, your name will still be publicly listed as a Person...
Not true. In fact, the age limit for shareholders and directors of a limited company in the UK is 16 years old. This is the best option for a 17-year-old. The cost is low (~£50 per year) and everything can be done online.
US LLCs is another option but would have more overhead costs.
As you used to have a Monzo and Monese account, I suppose you already have a working UK address. You can try opening an account with TransferWise or other non-bank UK current account offerings (Suits Me, ThinkMoney, etc).
You may want to register a UK LTD which will make it easier to open an...
They will be releasing their mobile banking app in Q1. All banking functionalities are already in place. Payments are fast as I tested.
Apart from this, customer service is good so far. At least you can reach a dedicated person on the phone, rather than waiting days for a copy-paste email from...
I am not from Switzerland/EEA. No video identification for me, just uploaded passport scan and address proof. It just depends on risk levels of the country I guess.
They already gave you a Swiss IBAN and you can do bank transfers through their online banking. There isn’t a mobile banking app yet though, only trading.
Thanks for sharing, I guess they have different onboarding procedures for different countries.
Just a quick review of FlowBank SA, a new Swiss bank opened last year.
Similar to Swissquote, it mainly focuses on trading, but it also provide a multi-currency Swiss IBAN. Account opening has been pretty easy, just a passport scan and address proof, no video or call. Their mobile app is also...
No, this is not possible as HK and China are two separate jurisdictions. In fact HK companies doing business in China are considered foreign investments and is subject to capital control.
To have any operations in China, the HK entity will need to setup a “Wholly Foreign-Owned Enterprise” in...
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.