UK company + transferwise/epayments bank account ?

[Cclyde]

Hello,

I need some company for signing agreements with companies from my industry.
Found that rapidformations.co.uk got good reviews and they offer good price for their services.
As I am not Uk resident, any ideas if I can use payment processors such as transferwise to receive money?
I used similiar services for receiving/atm withdrawals before without issues, but now need some company for signing contracts.

If that can work, what are my responsibilities for uk company? Money won't go to UK banks, what should be my tax responsibilities?

 

[negon]

You can open merchant accounts as well as using this UK company for most EMI's no problem at all. However, you need to make sure that you have a mail forwarding address for this company in case you need a debit card send to you. You have to pay full tax on all income, there is 0 privacy with a UK company registered in your name!

 

[Cclyde]

But what If I just sign contracts with that company and cashout using transferwise card?

 

[Cclyde]

Also, I need company details just for signing agreements, if I open transferwise under my personal name how it can be connected?
Or I am wrong.
Any opinions?

 

[alexundu]

Cclyde said:
Also, I need company details just for signing agreements, if I open transferwise under my personal name how it can be connected?
Or I am wrong.
Any opinions?
Click to expand...

you open personal account and after youll have option to open business one when youre logged in.

 

[Cclyde]

alexundu said:
you open personal account and after youll have option to open business one when youre logged in.
Click to expand...

Question is:
If I open UK company and sign agreements with partners and use personal transferwise account, is it connected to uk company?
Do I have responsibilities to report anything under uk company?

 

[alexundu]

Cclyde said:
Question is:
If I open UK company and sign agreements with partners and use personal transferwise account, is it connected to uk company?
Do I have responsibilities to report anything under uk company?
Click to expand...

whats the point of uk company if you use personal transferwise?

 

[Cclyde]

For signing agreement and contracts.
I am working as affiliate network and some partners want agreement under company name, not under personal name.
Just for paperwork, even I will use epayments/transferwise to withdraw on personal name like I am doing now

 

[alexundu]

Cclyde said:
For signing agreement and contracts.
I am working as affiliate network and some partners want agreement under company name, not under personal name.
Just for paperwork, even I will use epayments/transferwise to withdraw on personal name like I am doing now
Click to expand...

it wont work this way, in contract you should indicate the bank account youll use, and it should be from company name, not personal. From business account you will transfer to personal and then withdraw how you want

 

[Cclyde]

When I transfer from business to personal, I pay only dividend tax or?

 

[alexundu]

Cclyde said:
When I transfer from business to personal, I pay only dividend tax or?
Click to expand...

salary, dividend