Recent content by HexusOdy

  1. HexusOdy

    Gibraltar - Is it the best option for me?

    Ok, I should call Turner Little to discuss?
  2. HexusOdy

    Gibraltar - Is it the best option for me?

    Thanks everyone for the sage advice. I figured it wouldn't be easy and CFC knocks that idea on the idea. I imagine the path of trusts is complicated and expensive for a company that's paying 20k a year in corporation tax.
  3. HexusOdy

    Gibraltar - Is it the best option for me?

    If it makes any difference I should add that I am not looking to divert profit from the current UK company ala Starbucks. My intention would be to trade as the new Gibraltar entity and let the UK company go dormant.
  4. HexusOdy

    Gibraltar - Is it the best option for me?

    Hi Martin, Thanks for that, it's something I have also been considering. The main problem for me is that my retained profit is also my operating capital. I deal in consumer goods, so need cash to buy and sell product. I could probably put 40% of my annual retained profit in the pension scheme...
  5. HexusOdy

    Gibraltar - Is it the best option for me?

    Ahh ok, I did not realize. I thought for personal taxation reasons I would still be liable to UK tax but did not realize for business. Any other suggestions? Might it actually be preferable to have a resident director? I know you can often pay for this service, it was something I was looking...
  6. HexusOdy

    Gibraltar - Is it the best option for me?

    I reside in the UK. I am not looking to avoid tax on dividends. From the research I have done it seems that is extremely difficult to do and I rarely need to take out more than the tax free dividend limit. This is primarily about managing corporation tax.
  7. HexusOdy

    Gibraltar - Is it the best option for me?

    I have run my own UK business for 7 years now via a UK LTD company and earn a decent living. Myself and the wife are the owners and only directors and I have no other employees. I pay myself the bare minimum to live a decent lifestyle and retain the rest in the business as my retirement fund...
Top