Ian he has posted on loads of forums I use!
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Adam
onestopdigital

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www.onestopdigital.com
www.onestopprinting.co.uk

i think you should talk to Sagen accounting

http://www.sagen.co.uk/LtdCo/secthreepageone.aspx

ask for Ian as they deal with this on a regular basis ask for Ian.

Let me know how you gt on

Regards

Hi there,
There's a few things to respond to here. And I must stress that I am not an accountant, just someone who has been through some of this and can comment from experience!
1. If you are liable for tax in the UK, you will have to pay it whether your account is in the UK or offshore. The only difference is that if your money is paid into an offshore account it's up to you to declare it..If it's paid into an onshore account it's up to you to prove to the tax folk that you're not liable for UK tax.
2. You should be aware that there is a paper called the European Tax Directive which means that if you are not resident in the UK, but you are resident in/travelling around Europe - then you will not be able to run an offshore bank account (at least not in Jersey or Guernsey) without having some tax withheld - as part of the setup of the acct you have to demonstrate residency/tax status. (For example - I am an Aussie, so I CAN set up an offshore acct without having tax withheld, but I still need to declare the interest paid on my tax rtn in Australia.)
3. You should also be aware that the UK tax office - or certainly the VAT part of it has quite strict rules about contractors and the definition of where they provide their service. For example, as an author selling the rights to a publisher in the UK, I am deemed to be providing my service in the UK by the VAT people, even if I am not resident there when I write the book and I know that there are similar rulings that affect contractors who are overseas based but working in the UK temporarily. I stress that my knowledge only extends to VAT on this one as I have yet to have to deal with it at an income tax level.
4. If you get through all this - you might like to have a look at my offshore banking www.offshore-savings-accounts.org.uk website - in particular the articles section which talks about how to set up accounts, compares accounts, lists the top ones etc. It should give you most of what you need to know about offshore banking in Jersey and the Isle of Man - if that's where you decide to set up. Good luck with it!

Hi grouper,

can i put a link on your site? any leads from it i am willing to pay away a 30% commision

Regards

Hello Ian,

I have a good friend who is in a similar situation, and he got an offshore banking account and an offshore company in Seychelles from offshoresimple.com sometime ago. He receives the payments in the offshore bank account, and he have a debit card which he use to spend those funds. It's quite simple.
There are issues to be considered, and the best way is to talk to offshoresimple. They got some packages at that time, not sure if still available.
You can ask for a guy named Marius Bodea, he was very helpful...

<<<<<<<<<>>>>>>>>>

In a day and age when the the big banks that we've all heard of are tumbling by the wayside I'm not sure that I would be advising people to bank with an offshore outfit that no-one has ever heard of.
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Ian

I still guess that some of the packages from offshoresimple.com, from example the Seychelles company with an offshore bank account at Barclays offshore bank in Seychelles is an option to be considered because I think Barclays in Seychelles would have less "toxic assets" like the banks in US (where they gave a lot of bad credits and now they pay the cost...)

In many cases people use offshore banking to have politically and economically stable environment that often is not present in the country they reside. Offshore banking centers are free of political turmoil and often provide such banking or other financial services that home country will not be able to provide during a decade.