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what are my options as a uk national digital business

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implin

New member
hey everyone

i am trying to piece together what my options are. i work online and charge clients with paypal/ stripe.

i intend on living in the uk for now but might try living in a different country at some point.

do i open a uk ltd and a us llc and bill my ltd to keep profits low? maybe go sole trader and do this?

do i open an offshore company and then what? declare only some income for the uk? how do i buy things for myself in the uk, personal or business cards?

i have read about the mentor forum but would like to get an outline of things before considering paying for the how-to's.

if someone can shine a light on anything that would be great.

thank you for reading.
 

Martin Everson

Offshore Retiree
Staff member
Mentor Group Gold
Elite Member
do i open a uk ltd and a us llc and bill my ltd to keep profits low?

No

maybe go sole trader and do this?

An option

do i open an offshore company and then what?

No

declare only some income for the uk?

No

how do i buy things for myself in the uk, personal or business cards?

Either

i have read about the mentor forum but would like to get an outline of things before considering paying for the how-to's.

I published in Mentor Group an example on how to make max deductions with UK Limited.
 

Martin Everson

Offshore Retiree
Staff member
Mentor Group Gold
Elite Member
Just use a UK limited and make as many expense deduction as you can to reduce your effective tax rate. I just walked through an example in Mentor group but a good accountant anyway can do the same anyway.
 
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