Yes the former case is correct. I'm already able to take some money out to ensure my livelihood. Goal is to reinvest as much as possible.
The only reason I want privacy is me wanting to avoid Exit Tax when I change my tax residency. My biz is as clean as it as can get.
But at same time I also...
Long term lurker and want optimise (or fix) my current structure and would really appreciate your input.
EU tax resident (non EU citizen)
I bill customers through UK Ltd as a trading company and the money is held in an EMI