UK Ltd as non resident living in Thailand?

[banafinfodafuggiano]

If I incorporate a UK LTD as a non resident sole director and let's say I live in Thailand or the UAE,


1) will the company be paying payroll tax within the UK for my salary drawings or not since I'm a non UK resident director? in that case can i still pay myself a salary or must it be dividends?
2) will the company pay corporate tax in the UK at the end of the year profits?

 

[Sols]

Why a UK‍ LTD? Is this something that can be solved with another type of entity such as⁠ an LLP?

You can pay yourself salary and UK income tax would probably not be in︀ scope, but it depends a bit on the exact circumstances. It's probably easier if you︁ pay yourself dividends. Best if you discuss the exact details with a UK tax adviser.︂

Yes, UK companies are by default tax resident︄ in UK. So the company will pay UK tax unless there is a tax treaty︅ you can use to get the entity considered treaty non-resident.

 

[myhand]

Yes you need to file accounts and pay‍ the tax due!

 

[banafinfodafuggiano]

LLPs are hard︀ to open payment gateways and banks with.
LTD is more legit. but the 19% corporate︁ tax is not good. technically I can get paid a salary every month drawing 90%︂ of the company profits and if I'm a resident of the UAE, then it would︃ be a tax free salary?

Only for corporate tax and VAT, correct? not payroll︅ tax?

 

[troubled soul]

general anti-abuse rules (GAAR)

 

[Sols]

Who knows? UAE is a complete disaster at the moment with no⁤ real clarity on anything. You could conceivably be hit with another 9% CIT on the⁣ personal income if you're conducting business from within UAE.

The UK company might also be⁢ tax resident in UAE. Check if there is a tax treaty between UAE and UK︀ and what it says.