I'm on holidaymaker visa & can work 1 yr as contractor. Is it advisable to open a Limited company?
Hi, I am currently on holidaymaker visa which I can take contract jobs for 1 year. Expected to earn more than 35,000 per annum, tax rate of 40%. Is it advisable to go through the hassle to open a limited company or go through umbrella company under the IR35 to tax savings? Any good agencies to recommend for limited companies opening + accounting or umbrella companies? Thanks
United Kingdom - 1 Answers
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Answer 1 :
Hi!! it is always, in these cases to protect yourself with LMT C/O. The cheapest way i know to do this, is to puschase a laxed company, that is no longer being used. Unfortunately i have forgotted where to write for the information, but it is the companies registration office. Some of these have tax allownces still on them.
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