Hi, I'm looking to move from the UK to UAE, and intend to stay there at least 90 days per year to qualify as a tax resident, and stay less than 90 days a year in the UK to forgo my tax residency there.
I've currently got a limited company in the UK that sells digital products. I get paid through PayPal, Stripe and Google Adsense in GBP. Customers are primarily from the UK. I've set up a Free Zone company in the UAE and intend to shift all my operations over.
I have set up Currenxie (business) and Nomobank (personal) EMIs. These provide me with UK account numbers and sort codes, and the ability to be paid in GBP.
I've got a few questions:
1. Is this a legitimate setup to forgo my tax residency in the UK?
2. Can I simply change the current Stripe, PayPal and Adsense bank details to my new Currenxie account?
3. Can I pay myself a salary by transferring funds from my Currenxie account to my Nomo Bank account?
Thanks very much for the help.
I've currently got a limited company in the UK that sells digital products. I get paid through PayPal, Stripe and Google Adsense in GBP. Customers are primarily from the UK. I've set up a Free Zone company in the UAE and intend to shift all my operations over.
I have set up Currenxie (business) and Nomobank (personal) EMIs. These provide me with UK account numbers and sort codes, and the ability to be paid in GBP.
I've got a few questions:
1. Is this a legitimate setup to forgo my tax residency in the UK?
2. Can I simply change the current Stripe, PayPal and Adsense bank details to my new Currenxie account?
3. Can I pay myself a salary by transferring funds from my Currenxie account to my Nomo Bank account?
Thanks very much for the help.
