Hi, first post here. Really happy to be part of the community.
Could really do with some guidance to solve my remote working conundrums.
Essentially I’m a digital marketer and who moved out of the UK in 2019. I set up a UK ltd company in 2020.
All of my work is online, I setup partnerships with companies all over the world, and get my income from various affiliate platforms.
The plan was/is:
- work remotely in Greece as a non-resident director for my UK company
- take income as a small salary + dividends, declaring this as worldwide income in Greece and pay the tax difference according to the dual tax treaty
However after taking advice from a few specialists, it seems that I would most likely run the risk of “permanent establishment” rules ie that my company should actually be based in Greece, not the UK - due to the fact that I’m the only employee and I’m making all the business strategy decisions.
I’ve also been advised that I would be operating a ‘dual resident company’ and would likely need to apportion my profits between the UK (as the company is registered there) and Greece, as I operate the business from here.
My intention is to only pay taxes in the UK, (and then declare this in Greece as worldwide income as per the DTT) because even though I don’t live there any more, that’s where I’m from, that’s where my business advisors are, my industry contacts - despite the fact I can conduct everything remotely.
I would like, at all costs, to avoid paying tax directly into the Greek system, or working as a Greek-resident contractor for my UK company. Not only is this not tax-efficient, it makes no sense as I will never be doing any business in Greece and we already have a tax treaty to deal with cases like mine.
Really scratching my head on this one. No-one has come up with a solution for me yet, apart from incorporating in the BVI or somewhere else!
Final word. I’m not trying to dodge taxes, do anything illegal. I just want to be able to operate my UK company from Greece, and be compliant in both countries.
Looking forward to any insights