Offshore Shareholder

**stek** · 29 November 2012, 13:38

Originally posted by anki View Post

Hi,
I am a director of a limited company and the only shareholder.
Is it legal to have a 50% Offshore shareholder (an Individual) for my limited company ?

Yes, but it's not an easy path to a Work Permit for foreign shareholder if that's what you're thinking...

**northernladuk** · 29 November 2012, 14:16

But if it is a member of your family and not your wife you will get in to trouble as well if that is what you are thinking..

**captainham** · 29 November 2012, 14:22

First-time poster and both 'offshore' and 'shareholder' are mentioned...why do I suspect OP is up to something here....

**JamJarST** · 29 November 2012, 14:23

Originally posted by northernladuk View Post

But if it is a member of your family and not your wife you will get in to trouble as well if that is what you are thinking..

Not necessarily true though is it, being the shareholder isn't what could cause problems it's the potential for income splitting (tax evasion) that could be an issue.

**northernladuk** · 29 November 2012, 14:51

Originally posted by JamJarST View Post

Not necessarily true though is it, being the shareholder isn't what could cause problems it's the potential for income splitting (tax evasion) that could be an issue.

Yes which is exactly what I believe he is attempting to do...

**stek** · 29 November 2012, 15:09

Originally posted by northernladuk View Post

Yes which is exactly what I believe he is attempting to do...

I think it's a Bob on Tier 1 or 2 and has a Ltd and wants to bring a family member over by thinking the visa system can be bypassed by the method outlined.

Lay your bets, pls!

**anki** · 29 November 2012, 15:13

Originally posted by northernladuk View Post

Yes which is exactly what I believe he is attempting to do...

How about if its not my wife, but who is about to be my wife in 4 months time, but would be still working offshore for couple more months? I guess I got the answer from the above posts

**BlasterBates** · 29 November 2012, 15:16

I presume you mean a spouse who is based in your home country.

Basically you can and the shareholder will pay tax on any dividends in the UK, the tax paid is then usually offset against tax paid overseas.

You need to check with an accountant but this is what I would expect.

**northernladuk** · 29 November 2012, 15:17

Originally posted by anki View Post

How about if its not my wife, but who is about to be my wife in 4 months time, but would be still working offshore for couple more months? I guess I got the answer from the above posts

Erm, can anyone make any sense of this. I don't know if I won or not.

Offshore Shareholder