Go Back   English Forum Switzerland > Help & tips > Finance/banking/taxation  
Reply
 
Thread Tools Display Modes
  #1  
Old 12.03.2019, 23:37
Newbie 1st class
 
Join Date: Mar 2019
Location: UK
Posts: 14
Groaned at 0 Times in 0 Posts
Thanked 1 Time in 1 Post
clioman has no particular reputation at present
Is opening an LTD a good option if I'm relocating in the upcoming months?

Hi everyone,

I'm in the process of relocating to Switzerland for my current job. As a side project, I want to launch an online shop where its primary market is the UK, but intend to target other English speaking countries in Europe too.

Want to run the shop through an LTD and pay myself dividends and occasional salaries when possible, but I'm unsure how will this affect in the future, as I will also have a Swiss salary through my job.

Want to avoid giving free tax, so wondering if the LTD is actually a good option, and if so are there any considerations for me to have?

Thank you in advance
Reply With Quote
  #2  
Old 12.03.2019, 23:59
Jim2007's Avatar
Forum Legend
 
Join Date: Jun 2006
Location: Kt. Bern
Posts: 3,987
Groaned at 96 Times in 81 Posts
Thanked 4,341 Times in 2,073 Posts
Jim2007 has a reputation beyond reputeJim2007 has a reputation beyond reputeJim2007 has a reputation beyond reputeJim2007 has a reputation beyond reputeJim2007 has a reputation beyond reputeJim2007 has a reputation beyond repute
Re: Is opening an LTD a good option if I'm relocating in the upcoming months?

Start by checking that your employment contact allows you to do so before going too far.
Reply With Quote
  #3  
Old 13.03.2019, 00:20
Newbie 1st class
 
Join Date: Mar 2019
Location: UK
Posts: 14
Groaned at 0 Times in 0 Posts
Thanked 1 Time in 1 Post
clioman has no particular reputation at present
Re: Is opening an LTD a good option if I'm relocating in the upcoming months?

Quote:
View Post
Start by checking that your employment contact allows you to do so before going too far.
Thank you for your advice, have checked this requirement already.
Reply With Quote
  #4  
Old 13.03.2019, 01:27
Phil_MCR's Avatar
Forum Legend
 
Join Date: Oct 2009
Location: Basel
Posts: 13,216
Groaned at 268 Times in 174 Posts
Thanked 15,562 Times in 6,607 Posts
Phil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond repute
Re: Is opening an LTD a good option if I'm relocating in the upcoming months?

how long until the venture is profitable? why not do as a sole trader initially?
Reply With Quote
This user would like to thank Phil_MCR for this useful post:
  #5  
Old 13.03.2019, 09:20
Newbie 1st class
 
Join Date: Mar 2019
Location: UK
Posts: 14
Groaned at 0 Times in 0 Posts
Thanked 1 Time in 1 Post
clioman has no particular reputation at present
Re: Is opening an LTD a good option if I'm relocating in the upcoming months?

Quote:
View Post
how long until the venture is profitable? why not do as a sole trader initially?
Venture's only requirement is to cover the platform costs, for which I have a comfortable budget of 100/month which will break even after selling a few products, which are already been merchandised by my family elsewhere, so just expanding to online commerce.

LTD is the way to go for me after many considerations and research. So only thing left, is to figure out my doubts from the initial post.

Want to avoid giving free tax, so wondering if the LTD is actually a good option, and if so are there any considerations for me to have?
Reply With Quote
  #6  
Old 14.03.2019, 11:52
Newbie 1st class
 
Join Date: Mar 2019
Location: UK
Posts: 14
Groaned at 0 Times in 0 Posts
Thanked 1 Time in 1 Post
clioman has no particular reputation at present
Re: Is opening an LTD a good option if I'm relocating in the upcoming months?

Any thoughts on this matter?
Reply With Quote
  #7  
Old 14.03.2019, 12:36
Junior Member
 
Join Date: Jan 2012
Location: Lausanne
Posts: 75
Groaned at 1 Time in 1 Post
Thanked 53 Times in 35 Posts
hans1 has become a little unpopular
Re: Is opening an LTD a good option if I'm relocating in the upcoming months?

I would really suggest speaking with a fiducaire. You'll have to pay of course, but normally they can provide you with sound advice taking into account your personal situation (marital status, income, liability issues, current employer etc etc)
Reply With Quote
  #8  
Old 14.03.2019, 15:15
Newbie 1st class
 
Join Date: Mar 2019
Location: UK
Posts: 14
Groaned at 0 Times in 0 Posts
Thanked 1 Time in 1 Post
clioman has no particular reputation at present
Re: Is opening an LTD a good option if I'm relocating in the upcoming months?

Quote:
View Post
I would really suggest speaking with a fiducaire. You'll have to pay of course, but normally they can provide you with sound advice taking into account your personal situation (marital status, income, liability issues, current employer etc etc)
Thank you! Good lead
Reply With Quote
  #9  
Old 14.03.2019, 15:42
Today only's Avatar
Forum Legend
 
Join Date: Dec 2010
Location: Europe
Posts: 7,072
Groaned at 773 Times in 528 Posts
Thanked 8,692 Times in 4,109 Posts
Today only has a reputation beyond reputeToday only has a reputation beyond reputeToday only has a reputation beyond reputeToday only has a reputation beyond reputeToday only has a reputation beyond reputeToday only has a reputation beyond repute
Re: Is opening an LTD a good option if I'm relocating in the upcoming months?

Quote:
View Post
Thank you! Good lead

If that's what you call a "good lead" are you sure you're doing the right thing ?


To be told you need to pay a fidiciary for professional help is fairly elementary stuff, especially in a different county with very different laws and regulations.
Reply With Quote
  #10  
Old 14.03.2019, 15:52
Newbie 1st class
 
Join Date: Mar 2019
Location: UK
Posts: 14
Groaned at 0 Times in 0 Posts
Thanked 1 Time in 1 Post
clioman has no particular reputation at present
Re: Is opening an LTD a good option if I'm relocating in the upcoming months?

Quote:
View Post
If that's what you call a "good lead" are you sure you're doing the right thing ?


To be told you need to pay a fidiciary for professional help is fairly elementary stuff, especially in a different county with very different laws and regulations.
Just being thankful to someone that took a bit of their time to read my question and try to provide something useful. Out of all the answers, the only one to be on topic
Reply With Quote
Reply




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Founding an Association and Transferring into a Pvt Ltd or Ltd company unibern Business & entrepreneur 0 26.02.2019 21:34
Is a second Master an option? shesingswing Education 2 12.09.2017 09:38
Motorcycle check, is TCS an option? idefix Transportation/driving 2 20.02.2014 12:25
is sleeping in the hay really an option in this weather? bikingfamily Travel/day trips/free time 2 03.06.2013 08:27
What is the best bank for opening an account with a certified check? Privateer Finance/banking/taxation 14 29.09.2012 01:39


All times are GMT +2. The time now is 02:54.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0