Yeah truth is I was asking on behalf of a friend who asked me about the possibility of using the method in the OP. Just been picking around for more answers and advice for him since
What kind of tax professional would be best to consult about this? I mean a normal uk tax lawyer woulnd't be experienced in this kind of setup. So what do I search to find someone suitable to advise me properly?
100k a month is what I'm saving in tax by dropping to 10%. I currently pay in excess of 200k gbp tax a month. It's horrible.
Enough substance as in I need to make it appear as it's functioning out of cyprus. Perhaps a real physical office with some paid off "employees" as native people there...
Pricing is no issue to me because my product currently does a significant amount of money - and more soon. Excess of 1 mil a month. GBP.
Just googled that. The cyprus corp would be resident cyrpus corp so that avoids that. "A foreign company is a CFC if it’s a non-resident UK company that’s...
Alright awesome. So that a strat is viable though? Cyprus + Seychelles strategy would work for my situation with my product to minimise tax? If I'm correct I can get down to an effective tax rate of <8% with this?
I don't do crypto. I have a legitimate product that I sell :). In which case would the setup I was talking about be applicable? The seychelles +cyprus one? thanks for the reply I appreciate it.
How about a cyprus company + a Seychelles holding company. That would allow me to pay the 12.5% cyprus tax and also funnel profits through to the Seychelles holding company using royalities on the domain name and name licensed to the cyprus corp? Is that more reasonable?
That's why I'm aksing here to get a guage of what I nede to ask when I get professional advice. So I don't sound as stupid when I seek professional help. So I appreciate the reality check. No I do not need to remain a UK resident as long as whatever residency I have has a decent enough passport.
I am currently a UK resident operating a nutra trial business with profits in excess of £1 million a month. Currently my structure is incredibly simple and I am simply paying 20% corp tax with a UK business. However, I was wondering if there would be any structures that suit my current situation...
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