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UK LLP or LTD for Dual National

ayg

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Nov 28, 2020
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I have 2 questions about the company setup and opening bank accounts. I’m looking to set up an Amazon business in the UK. I have a UK passport and currently live in different countries for the past 5 months. Previously I was a resident of Belarus. Not living in the UK for the last 3 years.

Basically, I am a dual national of the UK and Belarus. What would be the best setup for taxes and banking? Is it better to open a UK LTD by myself as a UK resident (provide UK passport and UK proof of address) or a UK LLP with another UK resident partner which I should be able to find?

For banking, I can provide my UK passport + can show proof of address in the UK from the bank statements that I have. Would banks find out that I do not live in the UK and close my account in the future?

I do not have plans to move to the UK in the future. I am considering getting a residents permit somewhere like Dubai for tax purposes.

Please advise.
 

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