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Yes, when you are resident of Sark you pay two types of tax. One is a property tax and one is called the forfeit, everyone pays property tax based on the sqm of their property, it's minimal, I rent a very small cottage as I'm not there much and my bill was around £600, in addition you either...

Isle of Man needs a resident director (they don't come cheap), plus you would need UK passport to call it home. If you are looking at IOM then consider Guernsey or where I live in Sark....

Sols is 100% correct, I started making good money as a UK resident and UK resident company, looked at all the options and the only real option was to leave the UK... It all comes down to if the tax saving is worth it and if you can leave (family tie, children etc). Been gone 5 years and to be...

If you incorporate in Switzerland do you not need local staff / directors?

I am resident of Sark (no income tax), pre Covid I had a hospitality company which provided hospitality for Monaco F1, my company used to rent an apartment for the F1 weekend. Ran this for about 5 years until the tenants left and Covid hit. I'm now about to reboot the business but planning to...

Is there a preferred location for US LLC's I know Delaware and Wyoming where always discussed but many people seem to be gravitating towards Florida

I am resident of Sark (no personal income tax), however in Sark there is no company register therefore I have to choose an alternative juristrication. Considered the neighbouring island of Guernsey however Guernsey requires a permanent local director and is very slow to set up. Any thoughts on...

Sark works very well from my point of view.... Especially with a UK passport which makes Europe just difficult. Spent the last few years looking for a better option and haven't found it yet! Rent a property there for less than £10k, no minimum stay requirements, total local tax bill £1K with...

Have you considered the Channel Islands? Zero Corp tax 'reasonable' personal tax at 20%. Maybe set up a company using a Non-Exec Director, the company would buy the product from China and sell to your company in Sweden or supply UK market direct. The Channel Island company retains most of the...

Not come across the salary payment not being allowed against UK corp tax deductions.... Is this something you can shed more light on??

I believe the UK NI obligation falls away after you have left the UK for over 3 years. I'm sure someone here will have more knowledge”¦. The corp tax starts at 19% and increases up to 25% but the top rate only kicks in with profits over £250k

Not a bad explanation of re-domicile here. Does this mean the directors have to be Malta resident or could they be resident elsewhere? Understanding re-domiciliation of companies to Malta

You could possibly Change your year end date and run an extended year, think your allowed to do this approx every 3 years

I have a similar situation but already left UK (4 years ago to Channel Islands), you could set up a Cyprus company but domicile it outside of Cyprus (I live in Sark so no tax) then invoice or management fee profit of UK Co to your Cyprus company then pay out profit with no withholding tax to...

Hi, sorry quick reboot of this thread.... So if I set up a Cyprus Non-Resident company and manage / control it from Sark (ideally setting up a small office on Sark) I could avoid the 17% distribution tax on dividends imposed by Cyprus on EU Black list countries as Sark is not on the EU- Black...

Good point! Probably because most UK clients wouldn't be too bothered about paying an Irish company as it's all part of the Common Travel Area and is not perceived to be offshore”¦ Maybe the OP can enlighten us”¦.

I'm guessing the OP has the same issue I have... I.e. Needs to bill UK clients from a UK company not international. I am Sark tax resident so no income tax but cannot a register a company on Sark. Maybe the US LLC is the right way forward as cheap to incorporate / run and could bill the UK...

Can your US LLC not invoice your UK Ltd for services rendered?

Thanks Johnny, why can profits not be extracted by design fee? It's a legitimate cost.... Would Cyprus be a better option than US LLC? Guessing it would be easier to set up a company with real substance in Cyprus vs a US LLC. Guess the other option is to speak to Fred, set up a UAE company...

Having spent the last 18 months experimenting with living on Sark I come to the conclusion it's probably one of the best tax free solutions for UK passport holders within Europe.... However.... There is no company register in Sark so I need to create a company somewhere else, the question is...