Incorporating a company in Andorra as a UK tax resident involves understanding the various types of corporate structures available, their respective regulatory and taxation frameworks, and the implications for UK tax obligations. This article provides an overview of these aspects to guide UK residents considering such an endeavour. Andorra offers several corporate structures suitable for business
For individuals or businesses with offshore companies, it is vital to complete a timely renewal to maintain compliance, safeguard assets and sustain operational efficiency. Offshore companies, much like the onshore counterparts, must adhere to jurisdictional specifications and requirements. This often requires annual reviews and renewals. The process is more than just administrative, it plays a
As the ever-looming Autumn budget moves closer, and the threat of a changed tax landscape in the UK, we are seeing a continued increase in the number of wealth creators leaving the UK for sunnier shores. It is vital that people take control of their financial planning in these final weeks. Proposals such as the
With the UK government poised to introduce a series of radical, pro-union policies in the coming months, it is a serious concern to small businesses across the UK who may not be able to shoulder this burden, with many warning Labour against going too far with the changes. Maybe it is time these businesses consider
Gibraltar’s recent transition from the Financial Action Task Force’s (FATF) grey list to the white list marks a significant achievement for the territory and underscores its commitment to global financial integrity. Alongside other nations such as the UAE, Albania, Barbados and Jamaica, Gibraltar’s move signifies the unwavering commitment to meeting international standards and strengthening anti-money
In a significant milestone for financial integrity and compliance, the United Arab Emirates (UAE) has successfully navigated the regulatory landscape to shift from the Financial Action Task Force’s (FATF) grey list to the coveted white list. This transition marks a pivotal moment for the UAE’s financial reputation, signalling its commitment to global standards of
In recent years, an increasing number of UK residents have been drawn to the vibrant and robust business landscape of Dubai, seeking opportunities and a strategic base for their professional future. The appeal lies not only in the city’s cosmopolitan atmosphere but also in the host of advantages offered by the offshore business environment.
United Arab Emirates (UAE) is cleaning up its reputation on the global stage with the introduction of corporation tax which will tax UAE-based businesses net revenues at 9%. As a mark of its intentions, the new tax will strengthen the country’s position as a world-leading hub for businesses and investment and will help it to
As of 1st June 2023, the United Arab Emirates (UAE) is to introduce corporation tax rate of 9%. While this rate is still considered low within a global context – the UK’s corporation rate is rising to 25% – many may consider there is a strong argument that UAE is no longer as attractive a
As of October 2022, the UK is facing economic uncertainty with inflation in double digits and the threat of a looming recession. With three Prime Ministers in three months, there is also doubt over the stability of our ruling Government. While much of it is out on control there are still options open to both
