What implications are there to consider in making a family member an additional director?
This is not being done for tax avoidance (they would not be paid or a shareholder unless to the minimum extent necessary to legitimise the arrangement).
The aim is to ensure that management and control of the company remains in the UK, even though my own tax residency may move to another country (most DTAs cause a small company's tax residence to shift as well in this scenario, which unleashes endless problems).
So for example, they would sign any contracts of work on the company's behalf. Other activities like the payment of dividends would be postponed until I physically visit the UK and can do board meetings for that purpose.
This is not being done for tax avoidance (they would not be paid or a shareholder unless to the minimum extent necessary to legitimise the arrangement).
The aim is to ensure that management and control of the company remains in the UK, even though my own tax residency may move to another country (most DTAs cause a small company's tax residence to shift as well in this scenario, which unleashes endless problems).
So for example, they would sign any contracts of work on the company's behalf. Other activities like the payment of dividends would be postponed until I physically visit the UK and can do board meetings for that purpose.
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