Search results

A polite No would have sufficed.

Again, I know all of this - UK is broke, crime, weather etc etc but I can't leave for the foreseeable future. So other than paying up, does anyone have any other sound strategies to mitigate the end of non-dom regime? I mainly have offshore equity investments.

I hear all of you but what can one do if they are unable to leave now or the forseeable future. setup an offshore trust or company to house non UK situs investments? but still IHT an issue.

I think the issue for me is that I have to keep away / any funds connected to the UK or remotely connected as that would be considered a remittance.

Yes I was aware of them as they were mentioned to me. There is custody fees attached to them which just added to the overall cost and made the structure unviable, again it might be because of the level of my investment.

Yes I already had spoken with Investec which was a 'no'. I have tried all of the other jurisdictions where I have a relationship and that is also a 'No'. Not sure, if its the level of investment/cash is limited - maybe I am too small. Haven't tried Nedbank so will reach out them.

Understood - its just the loss of control aspect that I don't like. But really appreciate your help on this matter.

Thanks - certainly food for thought on this option. Its similar to the IOM offshore company with offshore directors, but this would be far less costly (i.e. running costs) and far less WHT. Presumably I couldn't be a director etc of the Romanian company, as that would trigger it a UK tax...

It will eventually be mainly US dividends with some European dividends. But my thinking is to have all dividend shares owned by the offshore company and then claim arising basis, since I will not have dividends personally (they will be owned by offshore company). I think there might be an...

Sorry I meant in my previous email - you can benefit from lower WHT as an individual, if you claim on arising / worldwide basis?

I probably would not meet the minimum requirements for the big Swiss banks. There is also the 0.15% stamp duty on all buy/sell shares for all foreign shares but maybe this is a cost of doing business here? I have looked at swissquote - are there other options other than the big Swiss banks?

OK - I have tried to read this over and over again to understand but in a nutshell I think you can benefit from lower WHT as an individual but not as a company unless its a listed company - would that be your understanding?

So if I read that correct an offshore company that is tax resident in the UK would be OK for the lower WHT so long as none of the US invested companies are not located in the UK?

There would be US source dividends from US listed companies, so I was under the impression there are federal US taxes to pay.

Yes I was also told US LLC opens more can of worms which was best not going down that route.

I think the issue as I am told, is that the initial capital going into a UK company might be a remittance? I also believe it will still be difficult to open a foreign coporate account offshore as none of the assets can be UK situs.

Hi, Would like thoughts for a UK Non-Dom looking to set up an offshore company with family directors investing in a portfolio of non-UK dividend shares. The offshore company would be tax resident in the UK (as 'central management and control' reside in UK) , so would pay UK corporation tax but...

Hi I am a UK resident but non-domiciled individual. I know there has been some discussion on these forums about which brokers to use / not use ensuring the assets/income is not remitted to the UK. I know there are offshore brokers like Swissquote etc but they charge custody fees and US brokers...

Although I've read online that situs of the company depends on the location of its registers, so if an ETF is domiciled in Ireland with its location of its register also located in Ireland - this would imply its irrelevant that the underlying ETF companies are UK companies?

Thanks Martin - can I follow up with the Uk situs element. The ETFs are purely trackers of an index (e.g. S&P500 etc). So in the case of S&P500, there are no UK companies per se but some may have operations in the UK but I presume this is fine? This would be in constrast to say a European...