If you’re setting up a limited company, you’ll need to create shareholders who own the shares in your new company – find out more about shareholders here.
Shareholders in your company don’t have to be based in the UK, so your directors/shareholders could live anywhere in the world. But if they’re not UK-based they’ll be classed as ‘non-resident shareholders’ and will be liable for UK tax on any income they gain from the company – dividends, bonuses and profit shares etc.
There’s advice on the H M Revenue & Customs site that outlines the tax implications of being non-resident. But if you want to understand the full implications of being a non-resident shareholder, it’s best to talk to an experienced tax professional.
If you’d like help with becoming a non-resident shareholder, give us a call on 01454 300 999, or drop an email to email@example.com