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What sort of employee did you hire (specialised or clerical? part-time of full-time?), and at what monthly/yearly cost?

Exactly. As a owner-managed LTD in the UK, it's a bloody joke. 19% CT, then losing my personal allowance and taxed on salary + dividends. Time to move elsewhere. It's just too much.

Honestly, it's not that much. £13 ”“ yearly confirmation statement filing £200 ”“ registered address for a year £2,000 ”“ accountant to file your CT (can be 1k, or 5k...) The #3 is optional as you can do it yourself via the amazing GOV.UK website, it really depends on how straightforward or...

If you are in good standing with your personal bank (e.g., NatWest), then they should be helpful in opening a business account as long as the business is legit and explained well. Most sole proprietors I have known in the UK got rejected by many for a business account except their own personal bank.

Got it, thank you!

But Singapore may think the company is residing in Singapore, so how does this gets solved between UK's taxman and SG's? The double taxation agreement says that they should decide between themselves I believe, but do I need to "action" that somehow or should I pay to SG until (and if) UK's...

I would not move myself to SG for two years. So the company would be incorporated in SG, my UK LTD would be shut, but I would myself remain in the UK for two more years.

Citizen of a great EU country, yet resident in the UK for years now. Will move myself to Singapore (or HK) in a couple of years. I want to move my UK limited company there this year or so, and close the UK one. Business model is Amazon Associates and Ads Yearly profits before taxes at...

It is a bad deal. Not that fussed with corporation tax, but very much bothered with income tax (salary and dividends). Bit too much.

Alright, that's what I thought. Quite sad and frustrating but I guess, that's what staying in the UK cost. Thank you to all.

The thing is, the £150,000 of profits increase every year. I am currently basically paying myself £60k (12.5 salary + 50k dividends) per year and leaving the rest in the business. It truly makes me feel shitty to know that paying myself any more and I'll be paying tens of thousands in taxes...

How would HMRC view the following setup for corporation tax purposes? LTD in Cyprus, Gibraltar, or Malta Income from online affiliate marketing and ad networks (mostly from US) Yearly profits of ~GBP/EUR 150,000 Single shareholder, single director That owner/director is a UK resident S/he will...

Aren't you worried about the "central control and management" of your Cypriot company? It is partially controlled from Scandinavia which would, I assume, make the company liable to corporation tax over there, too? I understand why you want secrecy but you would need to issue dividends to...

Not sure where you are based but for most premium western countries, the corporation tax doesn't just fall on locally registered companies. Meaning, you could still be liable to pay corporation tax there if the company is "centrally controlled and managed" there. So you can't just setup a...

The thing is, my income is not high enough to justify or even allow for more complex structures. Most of them are basically coming down to some sort of transfer pricing and/or licensing, IP. As per setting up the company offshore, it is totally doable but the key part is to have substantial...

Straight to the point... Breakdown of the situation: Tax resident in England, UK. EEA passport. Sole shareholder, director, and employee of my limited company. Team of freelancers and virtual assistants helping day-to-day (mostly based in the Philippines). Personally involved, weekly, for high...

Is it a matter of having "one of" the three, or "all of" the three?

Which structures do you have in mind?