Offshore company in Gibraltar and live in the UK as foreigner?

[alain]

Hello,


I just read that if one as a foreigner live in the UK and he only earn money outside of the UK then he don't pay any tax the first 7 years! That's great, I don't mind actually to live in the UK. Did anyone heard of this before and know if it works?

 

[alain]

I forgot, this should work with any offshore company i.e. BVI, Gibraltar, Cyprus, Seychelles and so on. Not limited to Gibraltar.

 

[JohnLocke]

As far as I have been informed from a law firm in the UK this will work. There are many business people who make use of this tax instrument.

 

[plotoffshore]

Spoke with a lawyer in the UK, this works and is known by man world wide!

 

[JohnLocke]

Thank you for the update and information, very helpful.

 

[alain]

Spoke with a lawyer in the UK' date=' this works and is known by man world wide![/quote']
Great answer. I will consult one of my lawyer friends in the UK.

 

[alain]

Quick update, yes this actuallt is a possible solution to avoid to pay tax the first 7 years they say. I'm yet to wait for their proposal on how to set this up.