In the last year we have moved from Guernsey to Sark, spent the winter on Sark, lived in Mauritius and South Africa under our Sark tax status and now planning our next move....
Have a UK (real) business with turnover £2.5million to £3million and a pre tex profit of circa £700K - £1million
We very nearly moved to Portugal, but a lack of high quality housing for 'reasonable' money on the Algarve and the kids were not keen on schools meant we didn't bother.
Wife wants to return to Guernsey, I don't which means we are now looking at a hybrid solution.
Looked at many options but Brexit on a UK passport is a killer for Europe and I need to be within reasonable commute of London but also want a 'lifestyle' destination, so sun or ski or both!
After looking at many of the tax effective options such as Malta, Cyprus, Gib etc it would appear the Sark deal is still the best.
You can rent a very modest property for £9K per year, and Sark tax law states you are considered resident if you have 'access' to accommodation over 90 nights per year.
You cannot register a company there but there are no CFC rules, transfer pricing etc. Many people on Sark have companies in the BVI.
However, Sark is impractical and frankly dull in the winter, very wet & windy and the ferry service to Guernsey is one or two a day and no ferries on a Sunday in January until March, so not ideal.
In the summer Sark is pretty idyllic and not a bad place to spend a few months.
I 'bounce' in and out of the UK up to the 90 midnight rule, I can spend time in Guernsey and will have some accommodation on Sark, but need a third destination as a 'bolt hole' and looking at Andorra.
Appreciate it's not an idea commute with a 2hr drive but better than 4.5hrs to Cyprus and great skiing etc.
Our company will be based in Guernsey as my wife will reside there full time and therefore she will be the 'substance' on the island for the business.
Can anyone tell me if Andorra has a maximum nights (or days) you can stay in the country?
I believe you can be stamped out of Shengan on entry to Andorra and again back into Shengan on departure, all I can find is you are not allowed to spend more than 90 days in the country but nowhere does it say if that's per year or in one hit. I would stay between 90 - 180 so I don't become tax resident (yet) but it nicely gets me around the 90/180 Shengan rule which I am already into by 70 days in the last 140.
Have a UK (real) business with turnover £2.5million to £3million and a pre tex profit of circa £700K - £1million
We very nearly moved to Portugal, but a lack of high quality housing for 'reasonable' money on the Algarve and the kids were not keen on schools meant we didn't bother.
Wife wants to return to Guernsey, I don't which means we are now looking at a hybrid solution.
Looked at many options but Brexit on a UK passport is a killer for Europe and I need to be within reasonable commute of London but also want a 'lifestyle' destination, so sun or ski or both!
After looking at many of the tax effective options such as Malta, Cyprus, Gib etc it would appear the Sark deal is still the best.
You can rent a very modest property for £9K per year, and Sark tax law states you are considered resident if you have 'access' to accommodation over 90 nights per year.
You cannot register a company there but there are no CFC rules, transfer pricing etc. Many people on Sark have companies in the BVI.
However, Sark is impractical and frankly dull in the winter, very wet & windy and the ferry service to Guernsey is one or two a day and no ferries on a Sunday in January until March, so not ideal.
In the summer Sark is pretty idyllic and not a bad place to spend a few months.
I 'bounce' in and out of the UK up to the 90 midnight rule, I can spend time in Guernsey and will have some accommodation on Sark, but need a third destination as a 'bolt hole' and looking at Andorra.
Appreciate it's not an idea commute with a 2hr drive but better than 4.5hrs to Cyprus and great skiing etc.
Our company will be based in Guernsey as my wife will reside there full time and therefore she will be the 'substance' on the island for the business.
Can anyone tell me if Andorra has a maximum nights (or days) you can stay in the country?
I believe you can be stamped out of Shengan on entry to Andorra and again back into Shengan on departure, all I can find is you are not allowed to spend more than 90 days in the country but nowhere does it say if that's per year or in one hit. I would stay between 90 - 180 so I don't become tax resident (yet) but it nicely gets me around the 90/180 Shengan rule which I am already into by 70 days in the last 140.
