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Eastern promise

10 July 2012
Issue: 4361 / Categories: Forum & Feedback , Residence & domicile
A limited company is based in, and operates in, the UK and employs about 40 people. It has won an order to carry out work in the Far East and advice is required on how this new business is structured

My client’s business carries out professional consultancy work and this work is performed via a limited company that employs about 40 people in the UK.

My client has recently won an order to carry out work in the Far East and needs to take on some more staff to carry out this task.

The nature of the business is somewhat risky and my client carries insurance which aims to cover this and he will of course have to extend this insurance to include the overseas work.

I am wondering whether for this and for any other reasons he should form an overseas company to carry out the work.

As the work is being done halfway round the world the main employee will have considerable responsibility and could be a director and shareholder of this company.

Can readers give me a clue to any tax advantages or...

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