As a non-resident planning to establish a company in the UK, I’m concerned about the tax implications. What taxes will my company be subject to, and are there any specific considerations for non-resident owners?
Answer by: abdullah-al-naim
2 months ago
Non-resident individuals can establish and own companies in the UK. Once registered, the company is subject to UK Corporation Tax on its worldwide profits if it\’s managed and controlled from the UK. As of the 2024/25 tax year, the main Corporation Tax rate is 19-25%.
It\’s crucial to determine the company\’s residency status, as this affects tax liabilities. Engaging with HM Revenue & Customs (HMRC) early in the process ensures compliance with UK tax laws.
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