Recent content by rukleit

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    UK Director & Person with significant control

    Hello, currently I'm stuck with an important issue. I'm currently the the sole-shareholder and sole-director of a UK company. However, I'm working together with an experienced General Manager since almost 1 year. While I'm focusing on product development, he is focusing on the actual...
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    Best legal structure to sell goods online in USA?

    Thanks for very helpful replies. So it looks I have to incorporate in the USA. I will most likely go with Delaware because it is quite accepted/evolved. Hope I won't end up in too much hassle dealing with this new jurisdiction.
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    Best legal structure to sell goods online in USA?

    Directimport, thanks for great advice. Actually do I really have to incorporate an USA entity to hit the USA market? I mean can't my UK Ltd. just contract a warehouse in USA for fulfillement and then I import large quantities of the product from UK into USA? Or will it be messy/complicated in...
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    Best legal structure to sell goods online in USA?

    Hi I'm running a company based in UK - we sell a health supplement product via the internet. Right now we ship via our central UK warehouse to USA customers. However shipping costs are high (from UK to USA). We would like to either import the product into the USA or even manufacture in the USA...
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    VAT: accountant who can deal different EU countries at once

    Thanks for replies. Are there any other company suggestions who could do this for us? Feel free to PM or reply in thread. Right now I have a quote of GBP 4500 (!) just to do the VAT registrations in Ireland, Italy, Spain and Sweden. It will be GBP 185 per return per country thereafter. This...
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    VAT: accountant who can deal different EU countries at once

    We are using a local German accounting company, who charges EUR 150+VAT per return (in our case we submit in Germany only quarterly - hence it is EUR 600+ VAT per year) - however, we are doing all the legwork in advance (calculations) - they only take what we give them and coordinate the...
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    VAT: accountant who can deal different EU countries at once

    We have an e-commerce shop and selling our product worldwide. So far we are VAT registered in UK and in Germany. In UK we submit for UK sales and in Germany for the remaining European Union sales (as we ship from Germany). Recently we have breached the VAT distance selling thresholds of some...
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    Is opening a foreign subsidiary an a tax-free investment?

    Thanks both of you! I guess it doesn't make a difference if I "loan" or "invest" the 100K to a foreign OR a domestic (i.e. UK) entity? How about if the entity would be setup for the purpose of carrying out Research&Development - I hear that one can claim tax credit for this. Would this make...
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    Bitcoin Investment via UK Ltd

    Can my (profitable) UK Ltd buy bitcoins and hold it as investment? How would HRMC look at this?
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    Is opening a foreign subsidiary an a tax-free investment?

    Thanks, Anna. This makes it clear. So even if the company makes a loss due to the 100K loan (or investment) I will owe the HMRC afterwards 20K right? Is there any other, more tax-efficient way to finance/fund a foreign entity? I assume it doesn't make a difference "when" I
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    Is opening a foreign subsidiary an a tax-free investment?

    Hmm I still can't get my head around this. If I take 100K out of the company to either "buy shares" or "make a loan" to a foreign company then will HRMC claim 20K (20% of 100K) afterwards?
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    Is opening a foreign subsidiary an a tax-free investment?

    I had another chat with an accountant, he said there are two ways to fund a foreign (e.g. Ukrainean) company: 1) Once I incorporated the Ukrainean company by UK company makes a loan to the Ukrainean company. The Ukrainean company repays the loan with an interest rate (e.g. 4%). The "loan" is...
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    Can my UK Ltd give me a loan?

    Thanks a lot, David. Great analysis and advice. Highly appreciated. Will discuss further with my accountant.
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    Can my UK Ltd give me a loan?

    Thanks David. Very much "on point". So I make a loan (GBP 100,000) from my UK Ltd to me personally (so I can buy an apartment). I will set the interest rate at 4% (official rate), meaning that I will have to pay GBP 4000 interest in the first year back to the UK Ltd. I don't repay the loan and...
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    Can a UK Ltd. hire a a Filipino?

    Anybody having a good idea how to hire foreign contractors "fixed" via a UK Ltd so they have a) health insurance b) proper paychecks, employment contract etc. to show to their local banks in the case they want to take mortgage It would appear a lot more attractive to some of the contractors...
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