Hi guys,
I am a UK resident with a UK company that sells courses online.
I am progressively moving out from the country. The destination is unsure, but it is likely to be a low tax country, that doesn't tax foreign based income.
My thinking is to keep the UK company because I need a proper payment processor. I currently have Paypal Pro and Stripe (always safer with 2 options!).
What I would like to do is:
- - Transfer a company asset (the website and its clients) offshore in an offshore company, in a zero tax country with a proper anonymity.
I need do do that to protect the asset, and make sure I can transfer it to whatever country I want later on, without annoying capital gains taxes or similar.
- Lease it to the UK company in some form or another, to reduce the UK corporation tax. Maybe I'll use the UK company as an agent that takes a commission.
I understood that is only feasible if the UK company and the offshore one are not related i.e. not the same directors.
My questions:
1/ Do you have any suggestions for the offshore company's country?
I'd like a jurisdiction that's
- fairly reputable (or not totally dodgy),
- not part of the UK overseas territories,
- can deliver decent banking,
- appropriate to open a legit company Paypal account to process some transactions later on,
- and appropriate for asset protection and privacy.
2/ To transfer the company asset, I need to buy it with funds that will leave my personal bank account and land in the offshore company's bank account. Any suggestions on how to achieve a level of anonymity in this transaction?
3/ I also need a decent UK accountant/advisor with experience in moving companies offshore. If somebody can recommend me one via pm that would be top cool, otherwise I'll find one :)
Thanks a lot!
