UK offshore company for online payments (question)

[Ike]

Hey guys,

I am looking to setup an offshore company in the UK, so that I can easily receive payments from my mostly US clients.

We offer software development services.

1. Is this possible?
2. If yes, how do I go about both?

Thanks a mil!

 

[CaptK]

Definitely can ne done.
What do you want to achieve with regards to anonymity and tax. Yoir citizenship and place of residency will determine your solutions

 

[Ike]

CaptK said:
Definitely can ne done.
What do you want to achieve with regards to anonymity and tax. Yoir citizenship and place of residency will determine your solutions
Click to expand...

Hi CaptK,

I'm from Nigeria and don't mind paying UK taxes.

My country has a tax treaty with the UK.

I don't care about anonymity, I just want a reliable way to receive payments from my clients.

 

[CaptK]

You would be best placed to pay your taxes in Nigeria as its 24% flat rate. Whereas in the UK anything above £60,000 is higher rate.

PM me we can go into detail.

 

[Ike]

CaptK said:
You would be best placed to pay your taxes in Nigeria as its 24% flat rate. Whereas in the UK anything above £60,000 is higher rate.

PM me we can go into detail.
Click to expand...

It appears I can't initiate a PM yet - new account.

But I'll still prefer for what you say to be here, so it's open to scrutiny by other members.

 

[CaptK]

Your biggest issue is opening a UK bank account is you will need to be present.
If using a nominee your total set up costs are going to be around £3000. Ongoing costs are gonna be about £1500 per year (audit, filings, registered office and nominee fee).
This is a ball park figure but cant cost accurately without more information.

 

[JohnLocke]

CaptK said:
You would be best placed to pay your taxes in Nigeria as its 24% flat rate. Whereas in the UK anything above £60,000 is higher rate.

PM me we can go into detail.
Click to expand...

You may want to PM him if he agree to that, since this is a new user account and you are mentor group it may be you that contact him 😉

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[CaptK]

Admin said:
You may want to PM him if he agree to that, since this is a new user account and you are mentor group it may be you that contact him 😉
Click to expand...

Thanks.
Wasn't sure on just sending a PM,

 

[billythepool]

A better solution for you is an UK company + EMI account. However consider your information will be available publicly with UK companies unless you use some kind of nominee.

 

[goldman2020]

I need a LTD UK company for my website that will listed in company house UK ! anybody can assist me ? i see multiply prices in google and do not know how i can renew before end year and keep license key and number company

 

[CaptK]

Do you need nominee as well or just the company.

 

[CaptK]

goldman2020 said:
I need a LTD UK company for my website that will listed in company house UK ! anybody can assist me ? i see multiply prices in google and do not know how i can renew before end year and keep license key and number company
Click to expand...

Pm me to discuss