Off-shore or not?

Author
Discussion

MyNameIsMud

Original Poster:

50 posts

219 months

Thursday 9th March 2006
quotequote all
Hi everyone,

I've been lurking for months and love this forum so thought i'd finally sign-up! Sorry that my first post is one asking for advice, i'll try to give back to the forum somehow in the future.

I run internet companies, which attract enormous international traffic. I'm set to make a great deal of money this year through advertising and need to start a company/bank account etc to collect this. Can anyone advise me as to whether I should run this out of the UK (im a UK citizen) or from abroad, thereby taking advantage of tax advantages? I'm completely stuck at present to the pros and cons of doing this.

Mud.

MyNameIsMud

Original Poster:

50 posts

219 months

Thursday 9th March 2006
quotequote all
Thanks Ted, just really wanted to explore this before setting up a Ltd company in the UK. My trouble is I could potentially exceed £100k a year, and obviously I want to keep as much of that as possible!

MyNameIsMud

Original Poster:

50 posts

219 months

Thursday 9th March 2006
quotequote all
Thanks Eric, well I would intend to remain in the UK. Although, the company itself being internet based doesn't really sit in any particular region of our fair globe.

Cheers again guys, nice to put my worries to rest. Best to explore all options I suppose.