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Minding Your Own Business [This Network is not currently active and cannot accept new posts] | | Topics
Offshore banking adviceViews: 340
Jul 25, 2007 10:21 am Offshore banking advice
bradley luke Hi,

I've currently changed to contracting for a UK based company that I used to work full time for before. Due to the nature of my work I can work from anywhere with an internet connection so I am planning and indeed practicing being out of the UK for over 9 months of the year (changing country every couple of months or so) to claim non-residency and tax free status.

However I currently only have a UK bank account and if I have my money is paid into this I believe it will be liable for tax? I'm desperately trying to find out how to quickly open an offshore account but all the information I have googled for and read hasn't really been that helpful.

Also initially I don't have a large sum of money to deposit although I could get a loan but really I would rather not. I'm not a big financial institution (We are talking about ~74k a year) so lots of the options I have seen don't suit me.

There must be some people out there in a similar situation that have found a workable solution?

Private Reply to bradley luke (new win)





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