Ask a Law Question, Get an Answer ASAP!
A wholly owned subsidiary is usually preferable due to the advantage of limited liability where liability sits with the subsidiary in the UK and does not usually flow to the parent company in India. A branch is merely an extension of the parent company so any liability would flow to the parent company.
May I help further? If not, please leave a positive rating.
No, the UK tax liability on the worldwide income is limited to the UK subsidiary only, it does not impact on the foreign parent company.
You may find this useful: https://www.pinsentmasons.com/out-law/guides/setting-up-a-subsidiary-in-the-uk--key-tax-issues
All the best. Please leave a positive rating if this helps
You are welcome.
I am afraid I am unable to assist with checking that as this is not a law firm but an online Question and Answer service.
All the best