Where to start? UK Citizen taking online business offshore...

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What is your setup ? @JustAnotherNomad

I would like to reduce my tax for my‌ LTD ?

Unfortunately i cant leave the UK so i am after advice thats above‍ the standard things you would do.
 
I’m not from the UK, but I have simply left my high tax home country.‌ So that probably wouldn’t help you much.
I’m not saying it’s impossible to save taxes‍ (I’m definitely not an expert on the UK tax code), but it’s definitely not as⁠ easy as “Oh, it’s an online business, then I’ll just incorporate it in the Seychelles⁤ instead of the UK and legally not pay tax in the UK, even though I⁣ run everything from my London flat.”
Unfortunately our dear governments aren’t that stupid and there⁢ are lots and lots of rules to make it difficult to save substantial amounts in︀ taxes.
Things like trusts and foundations aside (which I don’t know enough about), you would︁ usually have to show substance in the other country. Meaning that you are only a︂ passive owner and not involved in the daily operations of the business. Which would mean︃ that there is a local director who gets paid a regular salary etc. - and︄ there have to be other reasons than saving taxes for establishing the business.
 
I think we are going in circles.

To add value lets expand on @JustAnotherNomad "expensive" method.

If you were a UK Citizen how would you approach your tax affairs ?‌ and to avoid the radars of tax bodies
 
I am interested in his‍ thoughts around this. Its a complex topic and i wouldn't even attempt it without a⁠ Pro. My other post got shoot down by 1 person saying its near impossible and⁤ would require dark web tactics.
 
The basic rules are pretty much the same for most countries because it’s stuff that‌ comes from the OECD and also in the government’s self-interest. So while I don’t doubt‍ there are still viable solutions in the UK, it’s definitely not as easy as “register⁠ a company abroad and only pay tax on any money you pay out from the⁤ company.”
Just google “permanent establishment UK” and you will find enough reading material to confirm⁣ that any such business, while not illegal to register, would have to pay UK taxes⁢ due to its place of effective management. And trying to hide the existence of the︀ company from the tax authorities would be considered tax evasion.
So while I can’t give︁ you any concrete advice for what would work in the UK (sorry), I can at︂ least tell you what won’t work.
Simply read any UK tax treaty, you will always︃ see that the UK can tax the company, regardless of where it is registered. And︄ if there is no tax treaty, the UK rules apply anyway.

Solutions that work around︅ that, i.e. where the effective place of management is abroad, are expensive because you’d need︆ to show an office, a local director etc. to prove that you are not actively︇ involved in the daily operations of the business/manage it from your home country. That’s called︈ economic substance and obviously quite expensive. Traditional tax havens are being bullied to check for︉ that themselves, but that’s a different story.

There may be ways around that by distancing︊ yourself from the business through trusts, foundations or other means (some of which would probably︋ illegal). That may or may not work, you should probably pay for proper legal advice.︌ Or get some advice from one of the “consultants” on this forum first and then︍ double check with a lawyer. Note that many “consultants” are self-taught.

There are of course︎ also more complex schemes, which are usually applied by multi-national corporations, but they are even️ more complex (=expensive) and thus probably not relevant.
 
Unfortunately this is something out of my reach i guess .

Thanks for your generalised‌ information
 
Would be interesting to see what the OP got out of the mentor group as‌ to his options/possibilities. He should at least post an update.
 
Your options:

1. move out
2. claim more business expenses
3. if you have‍ family in a low(er) tax country, move the company abroad but stay in the UK⁠
 
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