We have profitable online companies (ecommerce and saas), we currently have UK ltd companies setup and working.
In 18 months time we are moving to dubai and will setup dubai company / residency etc to get 0% tax on company / personal.
What is my best plan over the next 18 months? At current rates i expect at least £2mil net profit over the 18 months. The simplest way is to pay the money to the uk company bank accounts and pay 23% corporation tax, and remove none for me personally. When i arrive in dubai i guess this approx. £2mil in the uk company bank could be 'invested' or 'loaned' to the dubai company and used? Then i could remove money personally in dubai at 0%? Anything wrong with this approach for uk tax liabilities?
Any better setup to avoid the uk corporation tax?
thankyou
In 18 months time we are moving to dubai and will setup dubai company / residency etc to get 0% tax on company / personal.
What is my best plan over the next 18 months? At current rates i expect at least £2mil net profit over the 18 months. The simplest way is to pay the money to the uk company bank accounts and pay 23% corporation tax, and remove none for me personally. When i arrive in dubai i guess this approx. £2mil in the uk company bank could be 'invested' or 'loaned' to the dubai company and used? Then i could remove money personally in dubai at 0%? Anything wrong with this approach for uk tax liabilities?
Any better setup to avoid the uk corporation tax?
thankyou
