Shares for associated company overseas

Shares for associated company overseas

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I have a one man Ltd Co client who intends to issue some shares in the current company to be held by another non-UK company, where he will also be the sole director and shareholder .  Dividends will therefore flow to the overseas company and he has no intention in the foreseeble future of drawing from that company.   Should I be aware of any pitfalls in this situation? 

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By Portia Nina Levin
27th Jul 2017 17:06

Oh, yes.

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By johngroganjga
28th Jul 2017 08:07

What is your client's objective? If he doesn't want the money why doesn't he just leave it in the UK company's bank account?

What is the tax position of the overseas company expected to be? Where will it be resident for tax purposes? If overseas, what will be its tax position there in relation to dividends it receives from the UK company?

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