I would be very grateful for anyone who can point me in the right direction!
My situation:
1. Tier 1 Entrepreneur Visa (plan to stay here permanently in the UK).
Self-employed freelance consultant with high six-figure income currently living as expat in S. America and paying only U.S. taxes.
2. Since I am required by the Tier 1 visa to start a company here and hire a local, I know I will have to have a taxable presence here (I would have this anyway simply by virtue of earning my money here) and, further, I believe all the income from my UK business will have to be taxed here.
3. My income is almost 100% generated in the U.S.
My two questions are:
A. Can anyone recommend a great (and reasonable) accountant/advisor who would know how to advise me on the various issues presented here?
B. Given that the effective tax rates in the UK are roughly 2X what they are in the U.S. at my income level, would it make sense for me to have the bulk of my income still flowing to the U.S. entity and taxed in the U.S. and a much smaller amount flowing to my newly-created UK entity and taxed in the UK?
C. Is this even possible and, if not, any other creative ideas?
All feedback gratefully received!
