Business in US, resident in UK.

Dual Cit.

We need to move back to the U.K. to allow my U.S. wife to gain U.K. citizenship. So at least 5/6 years, but will probably stay permanently in the U.K.

I have a successful small business in the U.S. which I'd like to keep operating. Doing the work itself is not difficult but I need to be a U.S. registered small business to bid for certain contracts. I feel this could get complicated.

If anyone has any input on how to approach this I'd appreciate it.

Keep the US entity operating and pay UK corporate tax on the profits. Once the entity becomes UK resident, as the US has the highest corporate tax rate in the G20, after credit for US tax there should be no additional UK corporation tax payable.

Thank you.

'Once the entity becomes UK resident'

To clarify, me, being the entity?

also note though that there are a number of different considerations that depend on the current entity's structure (LLC, partnership, pass-through entity etc.). some guidance from HRMC below:

https://www.gov.uk/government/publications/issue-briefing-taxing-the-profits-of-companies-that-are-not-resident-in-the-uk/hmrc-issue-briefing-taxing-the-profits-of-companies-that-are-not-resident-in-the-uk [nofollow]

Thank you.

'Once the entity becomes UK resident'

To clarify, me, being the entity?

If it is an entity that you have, the UK would treat it as UK resident once it is managed & controlled in the UK.