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    Setting up a Close company abroad

    Company will not be incorporated in Ireland. Both regions have fairly straightforward company incorporation rules albeit with hefty fees. I don't understand how I would not be liable for income tax. It's a foreign close company which has specific rules. Revenue basically treats you as a sole...
  2. H

    Setting up a Close company abroad

    I've had job offers over the years from the Caymans and the Channel Islands. Both of which have no CGT, and 0, 20% income tax rates respectively. If I was going to move though, I would set up on my own. Both jurisdictions have attractive start-up policies and resources not to mention location. A...
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    Setting up a Close company abroad

    Split-year treatment excludes directorships. "5. Section 822 - Split Year Treatment (SYT) SYT applies only to income from an employment. It does not apply to income from an office e.g. a directorship." "The term “director” includes any person in accordance with whose directions or (4)...
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    Setting up a Close company abroad

    Thanks, Jim. That's what I suspected with regards income tax.
  5. H

    Setting up a Close company abroad

    Hi 1. My understanding of the tax issues of working abroad: "Income from an employment, the duties of which are carried on abroad," is exempt from income tax. Therefore If I set up a company abroad, that might be construed as a close company, and live in said country, the salary I earn is not...
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    Selling foreign property(not real estate)

    Hi Pale Rider Ignore DTT. There is no CGT or income tax in this country, so no double tax. There is no bricks and mortar property. It is software developed in the company, a non Irish company, but would be classified as Close Company if it were set up in Ireland. I don't understand how the...
  7. H

    Selling foreign property(not real estate)

    Hi Non Irish resident, but Irish Domicile and Ordinarily resident(for 3 years anyhow). Now living and working in a country called Hyrule(for this purpose, the country is irrelevant) From Ireland Revenue's website: " Foreign property sold through a foreign company You will have to pay Irish CGT...
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