BobbyFowler
Registered User
- Messages
- 328
I had my own company in Ireland, sold up & am now living in Oz. I'm working as an IT Recruitment Consultant. It's a commission only role. I'm on what's called a 457 Visa. I can work here but can't set up as a company. Ideally I'd set up on my own & just invoice the company I work for as I bring in business. I've got a 50/50 split with them regarding business I'm bringing in. I can't operate as a sole trader in this case either, as more than 80% of my revenue will be from this company I'm working for. As a result I'm going through a 3rd party firm. It works with contractors (in this case I'm seen as a contractor) & organises tax returns etc. Their fee is around 4.75%, of which 1.5% is insurance. They invoice the company I'm working with on a monthy basis, withold all tax which needs to be paid, take their cut & then pay me. The business I'm in can be quite lucrative. Would it make sense for me to set up a company back in Ireland & get around the problem that 1. I can't set up as a company in Australia & 2. I can't operate as a sole trader either as 80% of my revenue will be from one firm? If anyone has any ideas, it would be good to hear.