Recent content by hometowng

Please excuse my ignorance, as I am new to the idea of an offshore corp. But surely if I use a private bank in a country such as Belize, Mauritius etc who provide a debit card, wouldn't I just be able to use that as normal?

Most payments are taken by Facebook for social media ads. If I set this up via direct debit, I don't suppose this would cause many problems, right? There's usually only one/two international transfers that must be made each week. Most of the documentation I've had to provide in the UK has been...

Seems that the CFC rules are quite specific to a particular situation and entity. From what I understand, with the current position, and me being the sole owner of the business, I'd just end up getting taxed in the UK as if my offshore company was a normal UK company? How would I be able to get...

Many thanks for the response, I'm glad to hear that it seems like my ideas were on the right track. I will look more in-depth at the CFC rules in the UK. I'd presume these usually mean I'd be required to be paying taxes on this foreign company? If Stripe and PayPal wouldn't be fond of Belize...

Hello, I'm from the UK and currently run a very successful dropshipping website, which produced over 7 figures in rev at the end of last year. Everything I have done so far has been as a sole trader, as the company exploded in growth in such a short period of time. For the following tax year I...