Client is currently living and working through his own limited company in the UK on a VISA.
He is going back to Oz soon and will employ someone to carry on working through the company whilst he remains the Director and shareholder. The Director's VISA will run out in 6 months time which is not a problem as he will not be in the UK. However, as he is still officially running a UK company from abroad, does it matter he does not have a VISA or will that not have anything to do with being a company director and shareholder?
Thanks
Replies (1)
Please login or register to join the discussion.
No
Can a director or shareholder of a UK company be a non-resident foreigner?
- Yes.
The only potential problem might be that Australia's controlled foreign company regime might consider the Australian resident director/shareholder to make the company subject to Australian corporation tax.
Not my area of expertise, just something to consider...