UK resident Contractor
- Thread starter omaozeko
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Relocate away from UK ultimately.
Otherwise a UK company with as much deductions as you can make. See below post I made previously.
https://www.offshorecorptalk.com/th...ate-tax-residency-in-the-uk.27553/post-113297
Otherwise a UK company with as much deductions as you can make. See below post I made previously.
https://www.offshorecorptalk.com/th...ate-tax-residency-in-the-uk.27553/post-113297
Martin, thank you for your reply. I was actually hoping you'd respond because you have some of the best advice on this forum.
A cash deposit pension plan doesn't make sense because I won't be staying in the UK 2-3 years from now and don't want my money tied for a long time in a retirement scheme or other.
Beyond a UK company and juicing up deductions (travel, etc...), would it make sense to use an offshore setup with a nominee director/shareholder to bypass CFC?
Thank you again
A cash deposit pension plan doesn't make sense because I won't be staying in the UK 2-3 years from now and don't want my money tied for a long time in a retirement scheme or other.
Beyond a UK company and juicing up deductions (travel, etc...), would it make sense to use an offshore setup with a nominee director/shareholder to bypass CFC?
Thank you again
I'm a bit confused: if you use a nominee director and shareholder, how can anyone know you are the UBO? Isn't the point of a nominee to obfuscate the UBO? Meaning if your name is nowhere and you don't have direct control of the company and bank account.
Hey as I’m on complicated situation and I’ve went trought all the regulation also with my job lol.
The fact is :
nominee as like a screen between you and the public not you and the administration.The main purpose is to hide you from being public knowing .
Each nominee which I think the nominee director is the most important will give you POA mean they will act on your behalf as you told them . Means this is you that take each decision.
I was once thinking about hiring a nominee but don’t ou for the POA so technically the nominee will have full︀ power without giving me the shareholder the right to conduct him . But it is︁ a very risky scheme and I still tryna find solution about it .
An UBO︂ is the one who get the dinero behind the company meaning you . Bank don’t︃ give a f**k if Mr smith run the company they follow money and the money︄ will go to you so your are the guy who take the cake so you︅ are the UBO.
UBO Will be reported automatically depends on the fact that the countries︆ is a part of any treaties. The Uk is a part of all treaties actually︇ + more than 85 bilateral treaties . So 10000000% to be reported .
Solution :︈ open bank account in the name of a homeless guy .
move from Uk
Open an account from a no disclosing jurisdiction and be able to put money in there︉ without link to you .
If you transfers +100K from your Uk account to your︊ offshore account Uk tax man will ask you too about this
Regards . ♂️
The fact is :
nominee as like a screen between you and the public not you and the administration.The main purpose is to hide you from being public knowing .
Each nominee which I think the nominee director is the most important will give you POA mean they will act on your behalf as you told them . Means this is you that take each decision.
I was once thinking about hiring a nominee but don’t ou for the POA so technically the nominee will have full︀ power without giving me the shareholder the right to conduct him . But it is︁ a very risky scheme and I still tryna find solution about it .
An UBO︂ is the one who get the dinero behind the company meaning you . Bank don’t︃ give a f**k if Mr smith run the company they follow money and the money︄ will go to you so your are the guy who take the cake so you︅ are the UBO.
UBO Will be reported automatically depends on the fact that the countries︆ is a part of any treaties. The Uk is a part of all treaties actually︇ + more than 85 bilateral treaties . So 10000000% to be reported .
Solution :︈ open bank account in the name of a homeless guy .
move from Uk
Open an account from a no disclosing jurisdiction and be able to put money in there︉ without link to you .
If you transfers +100K from your Uk account to your︊ offshore account Uk tax man will ask you too about this
Regards . ♂️
Thanks Loisir.
What if the company is under a nominee and the bank account is under the company's name?
There is nothing back to me? I'm confused how can anyone know there is someone else as UBO other than the director (who isn't me)?
Also talking about a US based company - where there is no public UBO registry.
Yes so far I have been paying taxes on my income.
What if the company is under a nominee and the bank account is under the company's name?
There is nothing back to me? I'm confused how can anyone know there is someone else as UBO other than the director (who isn't me)?
Also talking about a US based company - where there is no public UBO registry.
Yes so far I have been paying taxes on my income.
Because is simple.
If you don’t want the director f**** you and take control you will require POA
99% of nominee director don’t want to open bank account
This is a solution to kept the money at the company and not at a personal account and this is what I want to do. By that we will fall under the Martin Comment condition meaning 19% corporate tax on profit. If you don’t pay you.
If you don’t want the director f**** you and take control you will require POA
99% of nominee director don’t want to open bank account
This is a solution to kept the money at the company and not at a personal account and this is what I want to do. By that we will fall under the Martin Comment condition meaning 19% corporate tax on profit. If you don’t pay you.
No
Think about what happens if you use a false UBO with bank etc. As soon as your account fills up with money and you call the UBO he or she may say "Sorry who are you and why are you calling about MY account? Please︀ don't call me again or I will call the police on you. I am busy︁ enjoying the money I earned" smi(&%
Let that sink in for a minute when you say︂ you are seen nowhere as UBO. Let me know how you would get out of︃ that situation with no proof and without admitting to police, bank, taxman etc that you︄ knowingly committed a criminal offense of installing a false UBO...lol.
Think about what happens if you use a false UBO with bank etc. As soon as your account fills up with money and you call the UBO he or she may say "Sorry who are you and why are you calling about MY account? Please︀ don't call me again or I will call the police on you. I am busy︁ enjoying the money I earned" smi(&%
Let that sink in for a minute when you say︂ you are seen nowhere as UBO. Let me know how you would get out of︃ that situation with no proof and without admitting to police, bank, taxman etc that you︄ knowingly committed a criminal offense of installing a false UBO...lol.
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