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Minding Your Own Business
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Offshore banking adviceViews: 1197
Jul 25, 2007 10:21 amOffshore 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

Jul 26, 2007 4:51 pmre: Offshore banking advice#

Fred Keller
Hello Bradley,

Interesting question.....
Taxes are the rent we pay for living in a free country.

Anyway: for you - you might get some perspective/help from:

http://offshore.first411.com

Good luck!

Keep Smiling!

Fred

Build Your: http://website-that-works.first411.com

Private Reply to Fred Keller

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