- Original Poster
- #1
Hi,
New to the forums here, and thanks in advance for your responses to my question:
UK Ltd Company, been incorporated for 12 months.
1 Director 50% resident UK
1 Director 50% resident Switzerland
If we moved the company to an offshore location, most likely Cyprus and held annual general meetings there etc would the company be required to pay tax in another jurisdiction, other than taxation on our own salaries and/or dividends?
My question arises from reading documentation on the residency of an offshore company, i.e if I owned 100% and it was offshore I'd still be liable to UK corporation tax. However with the equal split between countries of residency would this create a new opportunity so to speak?
Appreciate your thoughts & advise on this.
New to the forums here, and thanks in advance for your responses to my question:
UK Ltd Company, been incorporated for 12 months.
1 Director 50% resident UK
1 Director 50% resident Switzerland
If we moved the company to an offshore location, most likely Cyprus and held annual general meetings there etc would the company be required to pay tax in another jurisdiction, other than taxation on our own salaries and/or dividends?
My question arises from reading documentation on the residency of an offshore company, i.e if I owned 100% and it was offshore I'd still be liable to UK corporation tax. However with the equal split between countries of residency would this create a new opportunity so to speak?
Appreciate your thoughts & advise on this.
