i am a british citizen. I pay my taxes. Iintend to start a property developing company abroad in Zimbabwe. The tax rate is high about 40% altogether. Would you advise i keep my profits offshore to avoid paying tax twice and virtually having no profit left. Offshore in Zimbabwe or offshore elsewhere. thankyou. Do ihave to declare my earnings on self assessment in uk from a company Zimbabwe?
It will be run as a limited company. I do not plan to draw a salary but take and save my profits? as bonuses/dividends although i am not clear as to how this works.
i hope this helps
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thankyou so much. You've clarified it perfectly for me.
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