So grateful to have found this forum first of all
I am a high income earner from the UK (7 figs from biz yearly).
Ideal situation is to mitigate as much tax as possible while still being able to visit / live in the UK as often as possible
a further complication to the scenario is that I need the UK business setup for payment processors etc
my current thoughts are to get a Dubai residency & biz & bank, and either transfer the company to UAE and move there, ideally keeping the UK rebiz alive but not being corp tax resident in UK
I also have another stream of income which does not require the processors etc.
can any smart people give me the low down on whether there is any way to avoid CORP tax ideally (not too bothered about paying personal tax) in the UK, either for my main existing company that needs processors, or for the second stream of income which does not, ideally while being able to live often in the UK
I am currently in the process of setting up a UEA biz/residency/bank account, but wondered what the implications would be for living mainly in the U.K. is with regards to tax.
I know management and control of the biz is what it comes down to, but is that just for personal tax or corp tax too?
I realise this is a real messy post but wondered if anyone had hard facts regarding anything I’ve mentioned
TLDR; is there any way to mitigate corp tax specifically whilst still being able to live for periods of time in the U.K.?
thank you to anyone who reads this
I am a high income earner from the UK (7 figs from biz yearly).
Ideal situation is to mitigate as much tax as possible while still being able to visit / live in the UK as often as possible
a further complication to the scenario is that I need the UK business setup for payment processors etc
my current thoughts are to get a Dubai residency & biz & bank, and either transfer the company to UAE and move there, ideally keeping the UK rebiz alive but not being corp tax resident in UK
I also have another stream of income which does not require the processors etc.
can any smart people give me the low down on whether there is any way to avoid CORP tax ideally (not too bothered about paying personal tax) in the UK, either for my main existing company that needs processors, or for the second stream of income which does not, ideally while being able to live often in the UK
I am currently in the process of setting up a UEA biz/residency/bank account, but wondered what the implications would be for living mainly in the U.K. is with regards to tax.
I know management and control of the biz is what it comes down to, but is that just for personal tax or corp tax too?
I realise this is a real messy post but wondered if anyone had hard facts regarding anything I’ve mentioned
TLDR; is there any way to mitigate corp tax specifically whilst still being able to live for periods of time in the U.K.?
thank you to anyone who reads this
