Offshore Company Formation and Management Services
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Turner Little - Company Formation Agents
UK Ltd with emi bank account

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    I will close my UK Ltd (Fake address used), plus I want to keep my TW business account. Advices needed.

    The last digital product I created sold 400 copies in a week, and it costs $10. I have a catalogue of more than 20 products. It's not only because we have the money to pay, we should pay. It's just a percepetion of what's worth and what's not. An UK company actually doesn't provide many...
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    I will close my UK Ltd (Fake address used), plus I want to keep my TW business account. Advices needed.

    UPDATE: Thanks for the above replies. I decided to close the company. I'll rethink my strategy next year. I really don't want to pay £30 a year for an address service with additional fees for scanning. Besides, those service will probably require my passport, but mine is expired. I think my...
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    I will close my UK Ltd (Fake address used), plus I want to keep my TW business account. Advices needed.

    You're almost right. My intention was to pay myself a salary, but since I think it could be suspicious to have a variable salary, I decided to pay royalties then. I create digital content, so I have the right to receive 100% of the royalties. And after checking some sources, including the...
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    I will close my UK Ltd (Fake address used), plus I want to keep my TW business account. Advices needed.

    It's a real company though. I provided the accounting firm with ID and address proof. I have nothing to hide. Your post is garbage because it doesn't offer any help at all, and you're a mentor. I know this website has a paid group where people have access to more professional help. So I think...
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    I will close my UK Ltd (Fake address used), plus I want to keep my TW business account. Advices needed.

    I really thought I'd never need a real address, but I forgot about HMRC. How naive am I. But you're right, I need to see the pros and cons of closing it.
  6. P

    I will close my UK Ltd (Fake address used), plus I want to keep my TW business account. Advices needed.

    First, the fact I used a fake address wasn't for illegal purposes, it's the contrary you'll see below. 1 - I formed an UK company two weeks ago because I wanted a legit way of paying myself an amount of money up to the limit of tax exemption in my country. If I receive XX amount in my personal...
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    Any service like Western Union where I can send money as a business and pay by bank transfer?

    I used them in 2017 to transfer from my Payoneer card, but it was personal transfers. One thing I remember is that I didn't put my full name, and they never asked me for ID or address proof. I pretented I was sending money from the US. They never questioned that.
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    Any service like Western Union where I can send money as a business and pay by bank transfer?

    That would be worse tbh. Since 2019, every crypto transaction in Brazil is reported to IRS. No way to hide that from them. It's funny because, they usually won't pay attention to small fiat transfers. But they do pay attention to any crypto transfer.
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    Any service like Western Union where I can send money as a business and pay by bank transfer?

    I have an UK LTD company with an account in TransferWise. I live in Brazil, and for some reason, TW doesn't accept any kinda business transfer to and from Brazil. So, my option is transfer the money to my personal account first and then send to my brazilian bank account. The problem: I can pay...
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    What country would fit for low taxes if i'm not resident?

    But you probably won't get a real bank account in UK. Your only option will be Transferwise. But bear in mind that what makes you to have to pay tax in your country isn't the action of transfering the money to your local bank. The fact that you have money abroad is enough for the IRS charge you...
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    What country would fit for low taxes if i'm not resident?

    The easiest country one can register a company is UK. All those tax haven you have to pay higher fees, and some you'll need to go there or hire an agent. USA is also an option but I think all states demands you to pay a minimum tax every year. British Columbia is maybe the only province in...
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    Does an UK LTD with a single non-resident director, need to register as an employer to pay salary to its director?

    Thank you. So I'll only need to report once a year. That's good.
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    Does an UK LTD with a single non-resident director, need to register as an employer to pay salary to its director?

    Unfortunatelly, dividends wouldn't allow me to avoid corporate tax. That's my goal, because I'll have to pay tax in my country no matter if it's salary or dividends.
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    Does an UK LTD with a single non-resident director, need to register as an employer to pay salary to its director?

    I've read a lot of articles about it, and I learned that me, as a non-resident director, working abroad, don't have any tax obligations with the UK. Also, the company doesn't need to deduct PAYE. The payment is made on a gross basis. But, is it still necessary to register as an employer? I...
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    How can I receive payments from american companies here in Brazil without using my bank account?

    Thanks, I didn't know about Dukascopy. I tried them today but I couldn't verify my ID since my passport is expired.
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    How can I receive payments from american companies here in Brazil without using my bank account?

    From 2017 to 2019 I used Payoneer to receive payments in a virtual USD bank account and then I used to bring the money to my bank here in Brazil. In 2020, I started using Transferwise, and this year the amount I'm receiving every month is considerably higher than previous years. I know TW and...
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