Establishing a company as non UK resident can be very attractive for UK tax purposes. The main benefit is that any profits from an overseas trade would be fully exempt from UK corporation tax. In order to establish a company as non UK resident you need to ensure that the company is both registered and incorporated overseas, and is managed and controlled from overseas.
What is an Offshore Company?
An offshore company is a company which does not conduct substantial business in its country of incorporation and is formulated in a law of no tax jurisdiction for the purposes of legally minimizing any type of tax payment and improving your overall wealth management. Primarily you would open an offshore company to gain confidentiality over your financial affairs and grow your wealth without any intrusion. Depending on your industry, it may also be more efficient logistically if you are established in a particular country or state to improve overall operations
Offshore companies can also eliminate many types of tax payments such as VAT, Capital Gains Tax, Profits on Business Earnings, or Corporation Tax, as well as overseas Property Sales
At TFF we work along with you to fully research and establish all of the above, while assisting you every step of the way with the overall setup process to make this as straight forward as possible. We work to ensure that you are both legally compliant with UK Tax Law, as well as with the country of your choice that you choose to operate in.
To find out more, or to book a free consultation please contact us
