Seeking Advice on Setting Up a UK LTD as a Non-Resident and Salary Considerations

Alf85

Alf85

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Hello everyone,
I’m considering creating a UK LTD as a non-resident and came across this service: yourcompanyformations.co.uk/. Has anyone used it or would you recommend another provider?

Additionally, I’d like to know if anyone here has a UK LTD as a non-resident and also receives a salary as an employee in another European country. I’m still evaluating if a UK LTD would be beneficial for me. It seems easy to set up, but I’m unsure about any hidden costs.

Any insights or advice would be greatly appreciated!
 
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There are better ones then that site.

I regular set up new companies daily.

You'll need to have a registered office, most wil upsell that for you. You must also make sure you private registere your own details, this is usually standard when you take a registered office address.

companiesmadesimple is much easier to handle, there account login is good, but they are more expensive registering a company.

suaz offer free registration at the moment, they literally pay the company's house fee for you. but don't register multiple companies as they will stop that.
 
Mister Ghost said:
There are better ones then that site.

I regular set up new companies daily.

You'll need to have a registered office, most wil upsell that for you. You must also make sure you private registere your own details, this is usually standard when you take a registered office address.

companiesmadesimple is much easier to handle, there account login is good, but they are more expensive registering a company.

suaz offer free registration at the moment, they literally pay the company's house fee for you. but don't register multiple companies as they will stop that.
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What are the taxes for a company? Do you pay anyone outside the UK?
 
Alf85 said:
What are the taxes for a company? Do you pay anyone outside the UK?
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Now this can be complicated, as there is a lot of tax structures.

But there is a way that you can not be taxed and funnel it out of the country so that you pay only where the money is received taxes.

if you sell over £83k in UK you'll have to register for VAT depending on your products if they are vatable.

it's quite a minefield.
 
Mister Ghost said:
Now this can be complicated, as there is a lot of tax structures.

But there is a way that you can not be taxed and funnel it out of the country so that you pay only where the money is received taxes.

if you sell over £83k in UK you'll have to register for VAT depending on your products if they are vatable.

it's quite a minefield.
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I understand. I see that if my business earns more than £50,000 annually, the corporate tax is 25%. Then, I’m not sure about the other taxes that are charged to the company. I’m looking for a service that handles everything.
 
I have a question about operating a UK LTD as a non-resident. When it comes to the director's salary, are the taxes and National Insurance contributions initially withheld in the UK, or in my country of residence?
 
Were you successfull in creating a UK LTD? If yes, what platform is you use for complany registration and were you able to get stripe/wise later? Thank you
 
Alf85 said:
Hello everyone,
I’m considering creating a UK LTD as a non-resident and came across this service: yourcompanyformations.co.uk/. Has anyone used it or would you recommend another provider?
Click to expand...
We have used them several times and they were decent, process was straightforward.
 
Mister Ghost said:
You must also make sure you private registere your own details, this is usually standard when you take a registered office address.
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Can you explain this? Does this mean your own name and contact details are not on public databases/sites? The details show the virtual offices address and phone number etc?

Also, why is suaz free? How do they make money?
 
ZooRick said:
Can you explain this? Does this mean your own name and contact details are not on public databases/sites? The details show the virtual offices address and phone number etc?

Also, why is suaz free? How do they make money?
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Yes, better to keep your address out of public database. You,ll get hounded with letters.

Suaz is free, because they make money on there upsells.

£80 if yoy sign up to Temple bank, they charge £12 per month for registered office so they upfront the £50 companies house fee in hope you sign up to offers.
 
Mister Ghost said:
But there is a way that you can not be taxed and funnel it out of the country so that you pay only where the money is received taxes.
Click to expand...

Yeah, there is always a way to do tax fraud.

Good new is tho, the EU finally stopped fucking small businesses from 1. January 2025. They icreased the VAT "free" company threshold to 100,000 EUR! But Non-Residents still have the 10,000 EUR threshold and must register for VAT. It could even be that a Non-Resident UK LTD is considered, well, non-resident, and must follow the 10,000 EUR (sales to EU) threshold rules.

@Alf85

I have written it in your other thread already.

In most EU countries your 'foreign' company will be considered resident in the country you are a tax resident of (aka living in for 185+ days), ie. if you are living f. ex. in Sweden and form a UK LTD the Swedish tax authority will consider the UK LTD a Swedish resident company and thus you will be liable to Swedish tax rules regarding VAT.

https://www.blackhatworld.com/seo/considering-a-uk-ltd-for-receiving-payments-from-the-usa-vat-and-employment-questions.1670393/#post-18636381

I forgot of which EU country you are resident of, but if you are resident of the EU, forget those non-resident or offshore company structures, it's a minefield and you will likely get fked.
 
Sister Spam said:
Yeah, there is always a way to do tax fraud.

Good new is tho, the EU finally stopped fucking small businesses from 1. January 2025. They icreased the VAT "free" company threshold to 100,000 EUR! But Non-Residents still have the 10,000 EUR threshold and must register for VAT. It could even be that a Non-Resident UK LTD is considered, well, non-resident, and must follow the 10,000 EUR (sales to EU) threshold rules.

@Alf85

I have written it in your other thread already.

In most EU countries your 'foreign' company will be considered resident in the country you are a tax resident of (aka living in for 185+ days), ie. if you are living f. ex. in Sweden and form a UK LTD the Swedish tax authority will consider the UK LTD a Swedish resident company and thus you will be liable to Swedish tax rules regarding VAT.

https://www.blackhatworld.com/seo/c...d-employment-questions.1670393/#post-18636381

I forgot of which EU country you are resident of, but if you are resident of the EU, forget those non-resident or offshore company structures, it's a minefield and you will likely get fked.
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There's ways to run companies without tax fraud. Just needs to be set up correctly.

I have many company ownerships, however it would take them years to actually find some of then ownerships, some are owned by groups, some are owned by other companies that are owned by further companies that are anonymous.

A good overseas accountant can make it very complex but legal.
 
Mister Ghost said:
Yes, better to keep your address out of public database. You,ll get hounded with letters.
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Ok, but with UK Ltd's is there a way to keep the owner's name private? I don't mean hiding from gov/banks/courts/tax. Just want to hide it from the public.
 
ZooRick said:
Ok, but with UK Ltd's is there a way to keep the owner's name private? I don't mean hiding from gov/banks/courts/tax. Just want to hide it from the public.
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Only if you register the ownership through another company.

You can apply to have information redacted from.public databases but quite complex and intrusive.
 
Mister Ghost said:
There's ways to run companies without tax fraud. Just needs to be set up correctly.
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Yeah. Well, ...

Mister Ghost said:
further companies that are anonymous.
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.. right.

Telling a guy who lives in the EU to form an anonymous company to receive money is the opposite of "legal structure". Most tax forms of the EU countries ask for assets and if you hide it behind nominees, while you being the ubo, you are committing a crime already.

There is basically no legal way as a resident of the EU to form a non-resident company that will not be considered tax resident in your residence country if you are an single online entrepreneur.

Going off a little bit now...

Cyprus Non-Resident LTD might be an option, but you would have to stay 2 months in Cyprus, and also, some countries like Germany would question this structure anyway if you are 185 days in Germany, considering you and your company being a tax resident of Germany, ie. imagine the German tax authority: "What companydo you run in Cyprus? An online business? While you are In Germany? Hahaha". Get wrecked.

Btw, little history about Cyprus Non-Resident companies: Until I think 2023, they were completely exempt from any tax. :D

Bulgaria has also a crazy loophole only 1 out of 10 Bulgarian accountants know of but it would also mean you would have to be tax resident in Bulgaria. And then you can just pay the 10% tax there anyway.
 
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Mister Ghost said:
Only if you register the ownership through another company.

You can apply to have information redacted from.public databases but quite complex and intrusive.
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Is there any advantage in these two scenarios:

wise stealth account

Wise stealth+ltd
 
i believe setting this up is quite easy, main issues are banking,
with some platforms closing your account for nothing...
either legal or not, the final issues you may get to deal with is banking, while there are options, make sure you are on a good IP while doing your registrations, atleast its safes you from the initial restrictions
 
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