|The Minding Your Own Business Network is not currently active and cannot accept new posts|
|Offshore banking advice||Views: 1258|
|Jul 25, 2007 10:21 am||Offshore banking advice||#|
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 pm||re: Offshore banking advice||#|
Taxes are the rent we pay for living in a free country.
Anyway: for you - you might get some perspective/help from:
Build Your: http://website-that-works.first411.com
Private Reply to Fred Keller