Hi,
I'm a New Zealander who's just landed a contract in the UK starting in just over a weeks time and running to at least the end of the year. I thought that was the hard part, but now comes all the accounting and legal stuff :-)
From what I've read, it seems clear that a limited company is the preferable long-term choice, but setting one up there's an awful lot of stuff to learn about and take care of in a very short time, especially given the delays people report in processing at the moment.
To keep life simple at the start I was thinking of going with an umbrella, then transferring after a couple of months, but there's a small catch-22 here. It looks like the Umbrellas want a personal bank account and NI number before they will sign me up, but I won't have either until after I arrive in the UK. The problem is the agency needs the Umbrella's details asap to draw up the contract, and I'll need the signed contract to help open my bank account, and it could take several days to find/convince a bank to take me as a client...
I could start with the limited company, but with no address to use or mates in the UK to play secretary, the accountants fees start going up :-)
Anyone with some words of advice on which they think will be quicker and easier for me to get set up? I'm not so much concerned about how soon I'll get paid, but I don't want to delay the signing of contracts and thus my start date.
Cheers!
John.
I'm a New Zealander who's just landed a contract in the UK starting in just over a weeks time and running to at least the end of the year. I thought that was the hard part, but now comes all the accounting and legal stuff :-)
From what I've read, it seems clear that a limited company is the preferable long-term choice, but setting one up there's an awful lot of stuff to learn about and take care of in a very short time, especially given the delays people report in processing at the moment.
To keep life simple at the start I was thinking of going with an umbrella, then transferring after a couple of months, but there's a small catch-22 here. It looks like the Umbrellas want a personal bank account and NI number before they will sign me up, but I won't have either until after I arrive in the UK. The problem is the agency needs the Umbrella's details asap to draw up the contract, and I'll need the signed contract to help open my bank account, and it could take several days to find/convince a bank to take me as a client...
I could start with the limited company, but with no address to use or mates in the UK to play secretary, the accountants fees start going up :-)
Anyone with some words of advice on which they think will be quicker and easier for me to get set up? I'm not so much concerned about how soon I'll get paid, but I don't want to delay the signing of contracts and thus my start date.
Cheers!
John.
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