Uk resident Non Dom with Offshore company

[happylog]

Hello,

I'm a EU resident. I plan on moving to uk with 60k euros (‌ already declared in my country ) and getting a resident non dom status, living more‍ than 183 days per year in uk. I currently have online ( not in uk⁠ market ) business company in my country.

After moving to uk, I plan on creating⁤ an offshore company and moving all my online business to it.

I will also create⁣ a uk self employed company for a part of this online business to get some⁢ revenue ( something like 35k pound per year )

All revenue from the offshore company︀ will go to a luxembourg ( or another country ) personal account.

I will eventually︁ go back to my country once the online business dies ( maybe in 4 or︂ 5 years ) and transfer the money in the luxembourg personal account to my eu︃ country personal bank account.

1) Could it work doing it this way?
2) Where should︄ I create the offshare company?
3) What tax should I pay transfering offshore company dividends︅ to a personal luxembourg ( or another country in eu ) account.
4) My eu︆ country won't tax me if I wire the money from the luxembourg personal account to︇ my eu country personal account as i was uk resident?

Thank you.

 

[Martin Everson]

Will place‌ of management, control and operations of the offshore company be in the UK?

Wherever you like.

Depends on setup and⁤ location of offshore company. Potentially Withholding Tax you would need to apply to the dividends⁣ paid out but again depends on offshore company.

Correct as long as︁ your no longer considered resident in your EU country.