Looking for short/long term association to simply taxes and manage them better...
I am a UK Citizen, and have moved to India for the past 1 year, and am still paying UK taxes.
Work Profile: Proprietor Trader in UK, trade through my limited company registered in UK since 2012. Have paid CT and personal taxes for the past 2 years, with taxes due this year.
UAE: Registered an offshore business in dec 2013, and all profits from trading since Aug 2014 till date have gone to the UAE company.
I hold a personal account in UAE too and have another trading account associated with this account in UK
India: I moved to India a year back temporarily, but now plan to be here indefinitely, so this changes my entire tax situation. i plan to hire a team in India to do research for my work, so India will be a cost centre.
Now, I have 3 companies:
UK Ltd. Company
UAE Ltd Company
India (yet to register ltd. company)
1.) Do I need the UAE company, and can it help me manage taxes...