UK LTD for freelancer - foreign, non resident

[bambangan]

I recently set up a UK LTD so that I can open a Wise business acc as my previous personal acc was suspended due to crypto. I'm from Malaysia

I need to have a Wise acc to receive payment for my freelance work from Upwork and other clients. Do I need to pay taxes to the UK if I used this wise business acc to receive payments? None of my clients are from the UK.

Any advise on this?

 

[diatessaron]

Unfortunately you won't be able to open a Wise business account if you use the same ID you used for your personal account.

 

[bambangan]

diatessaron said:
Unfortunately you won't be able to open a Wise business account if you use the same ID you used for your personal account.
Click to expand...

I've opened it and it's been active for over a month.

 

[diatessaron]

bambangan said:
I've opened it and it's been active for over a month.
Click to expand...

Oh wow!!! The monkeys missed your previous ban then, well, good luck using it. Just keep in mind Wise is the last EMI most users of OCT are going to suggest.

 

[bambangan]

diatessaron said:
Oh wow!!! The monkeys missed your previous ban then, well, good luck using it. Just keep in mind Wise is the last EMI most users of OCT are going to suggest.
Click to expand...

What else do you recommend? I need something with ACH bank details like wise. Revolut doens't work in my region.

 

[Sols]

The UK company is by default tax resident in UK and has to pay UK tax.

Toggle signature
This is the probably the answer to your question.

 

[diatessaron]

bambangan said:
What else do you recommend? I need something with ACH bank details like wise. Revolut doens't work in my region.
Click to expand...

Payset
Multipass
Payoneer

These 3 are what I can think of right now and they all offer ACH, Payset and Multipass might be expensive but they will let you receive payments from individuals. Payoneer can be connected directly to UpWork but it's a B2B account so no transfers from individuals.