British Expats - offshore companies and banking

Working offshore as offshore contractors, offshore consultants, etc., gives British Expats an opportunity to earn tax free incomes and to manage their wealth tax-efficiently, often through offshore employment companies, even when they return to the UK. We offer several services to British ExPats including establishing offshore bank accounts and credit cards and the formation of offshore companies and trusts in tax free jurisdictions (for example Seychelles, The British Virgin Islands) for efficient protection of assets or for your own employment. We also assist with mortgages for property purchase in the UK and the USA. Our page "Why go Offshore" details many uses of offshore companies and trusts, including, and of particular relevance to the British Expatriates working overseas, the offshore employment company. We include details of this below:

For non residents we are pleased to be able to arrange mortgages [residential and buy-to-let] on UK property. For a Sterling mortgage, generally speaking the maximum 'loan to value' would be 80% on residential or 75% on currency loans, and affordability will be assessed on earned, investment and rental income, assets, etc. GBP, CHF, EUR, HKD, JPY or USD denominated loans available. (minimum loan £50k for sterling loans; £100k for currency loans) on UK properties with interest payable in those currencies, which have very competitive rates. Contact us if you are interested.

Employment Company - Professional Services

British Expatriates working overseas such as engineers, IT consultants, designers, authors, musicians or entertainers, teachers, etc., may wish to establish an offshore 'international business company' [IBC] for their own employment, to which they may assign the right, or contract with the IBC the right, to receive their fees. If incorporated in a tax-free jurisdiction the IBC may not be required to pay tax on its profits which can be reinvested in a tax-free climate to generate further income in the IBC. Payments to the individuals concerned will of course be subject to tax according to the laws of their country of residence but payments can be structured in such a way as to minimise their tax liabilities.

For instance it may be possible to increase subsistence expenses as against fees that would be paid to the individual. Profits made by the company will be subject to low or no tax (according to jurisdiction of incorporation) and there are particular benefits where profits are allowed to roll up, so that there are tax advantages not only on the original profits, but also on any investment income generated on those profits. The profits are therefore cumulative and can be substantial.

It is also common for contractors and consultants working overseas to need a structure of this kind because the companies using their services sometimes do not want to contract with an individual because of the local 'employment' issues this entails.

We work closely with Chartered Tax Advisers in the UK who will provide high quality UK and international tax advice for Expats. Contact us if you would like an introduction.

If you are a UK citizen working overseas and are not resident in the UK for tax purposes, but propose to return to the UK and become tax resident again, we also strongly recommend you take professional advice on planning for this before re-entering the UK so that your offshore earnings are not compromised. Contact us for a referral to a suitable tax specialist.

If you would like to discuss any particular situation with us, we assure you that you will receive the personal and completely confidential attention of one of our directors. Just use our contact us form to send an enquiry.

The Inland Revenue has a very good website with a section for non-residents. http://www.hmrc.gov.uk/cnr/faqs_general.htm will take you to their "Frequently Asked Questions" page for a fuller description of "Non Residency".

If you are a British Expat it is very important to plan properly for re-entry into the UK before becoming tax resident again, so that your offshore earnings are not compromised in any way. It is essential to take professional advice on this. We will be happy to introduce you to a suitably qualified tax adviser in the UK - Contact us. [See also UK Tax Residents].

EU Savings Tax Directive new rules from July 2005: click here

Home Shopping

A taste of home - online Expat shopping supermarkets for British food and household items

Click on following links:

www.distantbrits.co.uk

www.shoppingfrombritain.com

www.uk-groceries.com

Other useful websites:

Cross Cultural Communication London based consultancy providing cultural awareness

training and country briefings as well as executive language tuition in all major world languages.
www.newseum.org/todaysfrontpages (front pages from papers around the world)
www.xe.com/ucc/full.shtml (exchange rates for every currency)
www.businessculture.com (customs and etiquette for different countries)
www.earthcalendar.net (public holidays and other national days from around the world)
www.vbfineart.co.uk (British landscapes in oils and other British artists' originals)
www.bbc.com/iplayer (Watch online any BBC programme of the last 7 days)
www.timesonline.co.uk (The Times online)
www.telegraph.co.uk (The Telegraph online)
www.ft.com (The Financial Times)
www.guardian.co.uk (The Guardian)

One of the webs best International Moving Companies
1st Move International Removals UK. Overseas Moving Company Services. House Movers.
Removals from UK to worldwide. Shipping, Packing and Overseas Moving Services
International removers for personal effects, furniture, household goods and excess baggage. www.shipit.co.uk

Moving from or to the UK

www.worldwidemoving.co.uk

The independent moving site in the UK with abundant information on international moving and free moving quotation to select the right international mover. Save a lot of money easily and quickly by requesting a moving quotation without any obligations.

ORANGE VALLEY DEVELOPMENT in Turkey

We are building a small, exclusive villa complex in a beautiful hillside location on the edge of a small village called Sojcuak. The development will have 25 four-bedroom, two-bathroom detached villas, all with uninterrupted sea views. The plot has a 180-degree sea view over the Island of Samos and the Turkish National Park.

The villas are built to the highest European standards with four bedrooms (one with en-suite bathroom) a family bathroom, open plan living/dining room and kitchen.

For more details visit our website: www.orangevalleydevelopments.co.uk/homepage.htm

Disclaimer: No reliance should be placed on the information posted on this website. The information is provided only as a guide and a convenience to our visitors and nothing contained herein should be construed as specific advice nor do we accept any responsibility for advertisers on this site. Jayga Ltd makes no warranties or representations regarding the fitness for purpose of the content provided. We recommend that all clients seek the best local advice on legal or tax issues. If you do not have your own professional advisors we will assist you in finding one.

Links to other websites on the page does not imply recommendation and Jayga Ltd accepts no responsibility for the content or performance of the advertisers.