Recent content by Dina ELTOMA CORPORATE

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    How easy is it to open a small business in Malta?

    Hi! I do have an experience with registering companies in Malta and their corporate maintenance. In case you are not planning to be located in Malta and/or have your employees, you do need to have an experienced service provider that would assist with incorporation and annual compliance. You...
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    Hiring employees for overseas Rep Office

    If a UK company has specifically set up a corporate entity overseas as in your case, tax withholding will be required for the employee. In these circumstances, the most appropriate solution is normally to set up a payroll in the overseas territory and pay the employee via the non-UK payroll...
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    Help needed with foreign company operating from uk

    Hi Ross, It’s hard to confirm regarding the requirement of cash transactions without looking into the specifics of the case, in general, it’s better to avoid any cash transactions for business especially when dealing internationally. In my experience, most wholesalers and auctions accept bank...
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    Help needed with foreign company operating from uk

    Could you please provide more details about your business/business model? Is there a particular reason to make purchases in cash?
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    Help needed with foreign company operating from uk

    Thank you for clarifying regarding your type of business. As it’s a registered partnership, it is under the same corporate tax system as a limited company in Thailand, so the above advice is also applicable to a registered ordinary partnership (unlike unregistered), so the key point here for...
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    Help needed with foreign company operating from uk

    Just to summarize, if you would like to make analysis yourself: - Refer to dividend distribution tax in Thailand (withholding, tax subject to DTA) - Apply provisions of the DTA - Register for self-assessment with HMRC and report on the annual basis
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    Help needed with foreign company operating from uk

    Ross, As you confirm that you do not have a company here and no local sales, no corporate income tax in the UK. However, as you are a UK tax resident, you need to pay tax on the dividends received. With regards to how much and what exemptions are available, we need to take a closer look at the...
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    Help needed with foreign company operating from uk

    Hi Ross, In order to answer your question re UK tax, please let me know if you have already any registered company in the UK? If you have a registered business in the UK and that business would be assisting Thai company (acting as an agent) under some commission/%, then UK income tax would...
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    UK Company as a trade agent

    Hi BharathiImpex, If you have already registered your business in the UK, you will need to comply with corporate law and tax law in the UK (HMRC/Company House). If you are not making sales within the UK, you may also want to bring your attention to registering a company in Singapore or HK, as...
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